Glottis IPO Details
| IPO Open Date | September 29, 2025 |
| IPO Close Date | October 1, 2025 |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹120 to ₹129 Per Share |
| Issue Size | Approx ₹307 Crores |
| Fresh Issue | Approx ₹160 Crores |
| Offer for Sale: | Approx 1,13,95,640 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Glottis IPO Review & Key Points
- Review:
Glottis IPO Market Lot
The Glottis IPO minimum market lot is 114 shares with ₹14,706 application amount. The retail investors can apply up-to 13 lots with 1,482 shares of ₹1,91,178 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 114 | ₹14,706 |
| Retail Maximum | 13 | 1,482 | ₹1,91,178 |
| S-HNI Minimum | 14 | 1,596 | ₹2,05,884 |
| S-HNI Maximum | 67 | 7,638 | ₹9,85,302 |
| B-HNI Minimum | 68 | 7,752 | ₹10,00,008 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 42,83,755 Shares | 18% |
| QIB (Ex. Anchor) | 28,55,867 Shares | 12% |
| NII Shares Offered | 71,39,622 Shares | 30% |
| Retail Shares Offered | 95,19,496 Shares | 40% |
Glottis IPO Anchor Investors
| Anchor Bidding Date | September 26, 2025 |
| Anchor Investors List | |
| Shares Offered | 42,83,755 Shares |
| Anchor Size | 55.26 Cr. |
| lock-in period end date 50% shares (30 Days) | October 29, 2025 |
| lock-in period end date 50% shares (90 Days) | December 28, 2025 |
Glottis IPO Dates
The Glottis IPO date is September 29 and the close date is October 1. The Glottis IPO allotment will be finalized on October 3 and the IPO listing on October 7.
| IPO Open Date: | September 29, 2025 |
| IPO Close Date: | October 1, 2025 |
| Basis of Allotment: | October 3, 2025 |
| Refunds: | October 6, 2025 |
| Credit to Demat Account: | October 6, 2025 |
| IPO Listing Date: | October 7, 2025 |
| IPO Bidding Cut-off Time: | October 1, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Ramkumar Senthilvel and Kuttappan Manikandan..
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 8,00,00,000 | 98.98% |
| Promoter Holding Post Issue | 9,24,03,100 | 85.69% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding of capital expenditure requirements of our Company towards purchase of commercial vehicles and containers; and | 132.54 |
| General Corporate Purpose | – |
About Glottis IPO
Glottis Limited, founded in June 2024, is one of the leading logistics solutions companies that is involved in offering comprehensive logistics services using ocean, air, and road transport. Glottis is engaged in offering complete logistics solutions using multiple modes of transport, including Ocean freight, Air freight, and Road transport.
Moreover, the Glottis also offers additional services such as warehousing, storage, cargo handling, third-party logistics (3PL), and customs clearance. Glottis Limited managed around 95,000 TEUs of imported cargo through ocean freight in FY24. New Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru, and Cochin, the company has 8 branch offices across India. The company had a network of 171 overseas agents, 98 shipping lines, 52 transporters, 43 customs agents, 22 airlines, and 20 consol agents.
Glottis IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹478.77 | ₹445.45 | ₹22.44 | ₹72.08 |
| 2024 | ₹499.39 | ₹457.83 | ₹30.96 | ₹81.72 |
| 2025 | ₹942.55 | ₹866.68 | ₹56.14 | ₹156.10 |
Glottis IPO Valuation – FY2025
Check Glottis IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 56.98% |
| ROCE: | 72.58% |
| EBITDA Margin: | 8.34% |
| PAT Margin: | 5.97% |
| Debt to equity ratio: | 0.22 |
| Earning Per Share (EPS): | ₹7.02 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 56.98% |
| Net Asset Value (NAV): | ₹12.32 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Allcargo Logistics Limited | 1.75 | 17.95 | 2.03% | 24.65 | 16,021.53 Cr. |
| Transport Corporation of India Limited | 53.43 | 25.60 | 19.42% | 279.65 | 4,491.78 Cr. |
IPO Lead Managers aka Merchant Bankers
- Pantomath Capital Advisors Pvt.Ltd.
Company Address
Glottis Ltd.
New No. 46, Old No. 311
1st Floor
Thambu Chetty Street
Chennai, Tamil Nadu, 600001
Phone: +91 444266 5587
Email: [email protected]
Website: https://www.glottislogistics.in/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/
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Note: The Glottis IPO price band and date are officially announced. The (Glottis IPO grey market premium) will be added to the IPO GMP page as it will start).
