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Glottis IPO
Glottis Ltd. IPO is a book-built issue worth ₹307 crore. The IPO comprises a fresh issue of 1.27 crore shares and an offer for sale of 1.14 crore shares. The price band is set at ₹120 to ₹129 per share. The minimum lot size is 114 shares, requiring a retail investment of ₹14,706 at the upper price band. The subscription window opens on September 29, 2025, and closes on October 1, 2025. The IPO is proposed to be listed on BSE and NSE, with a tentative listing date of October 7, 2025.
Company Background
Glottis Ltd., established in 2004 and headquartered in Chennai, has grown into a leading player in the transportation and supply chain industry. With a pan-India presence supported by eight branch offices, the company provides seamless logistics solutions across air, land, and sea. Over the past two decades, it has successfully simplified complex supply chain challenges into efficient operations. The company has been recognized with multiple awards, including being named the Freight Forwarder of the Year for four consecutive years, underscoring its industry leadership and customer trust.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Glottis IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Glottis IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 29, 2025 to October 1, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹120 to ₹129 per share |
| Lot Size | 114 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,37,98,740 shares (aggregating up to ₹307.00 Cr) |
| Fresh Issue | 1,24,03,100 shares (aggregating up to ₹160.00 Cr) |
| Offer for Sale | 1,13,95,640 shares of ₹2 (aggregating up to ₹147.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 8,00,00,000 shares |
| Share Holding Post Issue | 9,24,03,100 shares |
Glottis IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Sep 29, 2025 |
| IPO Close Date | Wed, Oct 1, 2025 |
| Tentative Allotment | Fri, Oct 3, 2025 |
| Initiation of Refunds | Mon, Oct 6, 2025 |
| Credit of Shares to Demat | Mon, Oct 6, 2025 |
| Tentative Listing Date | Tue, Oct 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 1, 2025 |
Glottis IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 114 | ₹14,706 |
| Retail (Max) | 13 | 1,482 | ₹1,91,178 |
| S-HNI (Min) | 14 | 1,596 | ₹2,05,884 |
| S-HNI (Max) | 67 | 7,638 | ₹9,85,302 |
| B-HNI (Min) | 68 | 7,752 | ₹10,00,008 |
Glottis IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 98.98% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Extensive network and Optimized Assets Utilization
- • Key player in freight forwarding, particularly specializing in the renewable energy industry.
Glottis IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 156.10 | 942.55 | 56.14 | 98.53 | - | 22.14 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 81.72 | 499.39 | 30.96 | 42.35 | - | 8.08 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 72.08 | 478.77 | 22.44 | 11.52 | - | 30.61 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 56.98% |
| ROCE | 72.58% |
| Debt/Equity | 0.22 |
| RoNW | 56.98% |
| PAT Margin | 5.97% |
| EBITDA Margin | 8.34% |
| Price to Book Value | 10.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.02 | 6.08 |
| P/E (x) | 18.38 | 21.23 |
Conclusion
The Glottis Ltd. IPO presents investors with an opportunity to participate in a company boasting a market capitalization of ₹1,192 crore and revenue growth of 89%. Glottis has established a strong global presence with exports spanning Europe, North America, South America, Africa, the Middle East, and Asia. As of January 10, 2025, the company manages operations with 17 commercial vehicles, 171 overseas agents, 98 shipping line partnerships, and 52 transport connections. Backed by an experienced leadership team, Glottis Ltd. is well-positioned as a robust and promising player in the logistics and supply chain industry.
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