Glottis Limited IPO
Glottis Limited provides multi-modal integrated logistics solutions, offering end-to-end transportation through ocean, air, and road, supported by warehousing, storage, cargo handling, 3PL, and customs clearance services. Its ocean freight services cover project cargo and full container loads for both imports and exports, while air freight and road transportation expand its reach across geographies. In FY 2024, the company handled ~95,000 TEUs of ocean imports, showcasing its scale and expertise in optimizing supply chains across diverse industries.
Price Band₹120 - ₹129 |
Dates29 Sep - 01 Oct |
GMP₹12 (9.30%) |
Subscriptions2.05 times |
Issue Size₹307.00 Crs |
Glottis IPO Key Dates
Opening Date
29 Sep 25
Closing Date
01 Oct 25
Basis Of Allotment
03 Oct 25
Initiations Of Refund
06 Oct 25
Credit Of Shares
06 Oct 25
Listing Date
07 Oct 25
Glottis IPO Objects
- Funding of capex requirements of our Company towards purchase of commercial vehicles and containers
- General Corporate Purposes
Glottis IPO Details
Price Band₹120 - ₹129 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹160.00 Cr (1.24 Cr Shares) |
Offer For Sale₹147.00 Cr (1.14 Cr Shares) |
Total Issue₹307.00 Cr (2.38 Cr Shares) |
Face Value₹2 per equity share |
Glottis IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
114
14,706
Maximum
13
1,482
1,91,178
|
|||
| Small HNI |
Minimum
14
1,596
2,05,884
Maximum
67
7,638
9,85,302
|
|||
| Big HNI |
Minimum
68
7,752
10,00,008
|
|||
Glottis IPO Subscription
Updated as on 01-Oct-2025 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 1.87 | 28,13,652 | 52,62,240 |
| NII | 2.97 | 74,18,690 | 2,20,03,368 |
| bNII (bids above ₹10L) | 3.63 | 49,45,794 | 1,79,42,004 |
| sNII (bids between ₹2L to ₹10L) | 1.64 | 24,72,896 | 40,61,364 |
| Retail | 1.42 | 98,91,587 | 1,40,28,270 |
| Total | 2.05 | 2,01,23,929 | 4,12,93,878 |
Glottis IPO GMP
The estimated Grey Market Premium of Glottis IPO is ₹12 per share (9.30%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
Glottis IPO Financials
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 941.17 | 497.18 | 478.27 |
| Profit after Tax | 56.14 | 30.96 | 22.44 |
| Net Worth | 98.53 | 42.35 | 11.52 |
| Total Borrowing | 22.14 | 8.08 | 30.61 |
| Total Assets | 156.10 | 81.72 | 72.08 |
| NAV per share (in ₹) | 12.32 | 5.29 | 1.44 |
| EPS - Basic (in ₹) | 7.02 | 3.87 | 65.92 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 8.34% |
| PAT | 5.97% |
| ROE | 56.98% |
| ROCE | 72.58% |
| Debt to Equity | 0.22 |
| PE Ratio | 18.38 |
| PB Ratio | 10.47 |
| Mkt Cap (in Crs.) | 1,192.00 |
All the data pertains to FY 2024-25.PE, PB, and market capitalization are calculated based on the Upper Price Band.
Glottis IPO Peer Comparision
| Particulars | Glottis | Allcargo Logistics | Transport Corp |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 941.17 | 16,021.53 | 4,491.78 |
| PAT (In Crs.) | 56.14 | 49.18 | 416.01 |
| EPS - Basic | 7.02 | 1.75 | 53.43 |
| NAV per share | 12.32 | 24.65 | 279.65 |
| RONW | 56.98% | 2.03% | 19.42% |
| EBITDA | 8.34% | 3.31% | 12.26% |
| PAT Margin | 5.97% | 0.31% | 9.26% |
| Price to earning (PE) | 18.38 | 17.95 | 25.60 |
All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 12, 2025 for Peers
Glottis IPO Peer Comparision
| Particulars | Glottis |
|---|---|
| Revenue from Ops (in Crs.) | 941.17 |
| PAT (In Crs.) | 56.14 |
| EPS - Basic | 7.02 |
| NAV per share | 12.32 |
| RONW | 56.98% |
| EBITDA | 8.34% |
| PAT Margin | 5.97% |
| Price to earning (PE) | 18.38 |
| Allcargo Logistics | Transport Corp |
|---|---|
| 16,021.53 | 4,491.78 |
| 49.18 | 416.01 |
| 1.75 | 53.43 |
| 24.65 | 279.65 |
| 2.03% | 19.42% |
| 3.31% | 12.26% |
| 0.31% | 9.26% |
| 17.95 | 25.60 |
All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 12, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Ramkumar Senthilvel | 49.49% |
| Kuttappan Manikandan | 49.49% |
| Other Promoter | 1.00% |
| Total | 100% |
Management Details
| Name | Designation |
|---|---|
| Ramkumar Senthilvel | Managing Director |
| Kuttappan Manikandan | Managing Director |
| Rajasree | CFO |
Company Details
Name: Glottis Limited
Address: New No. 46, Old No. 311, 1st Floor, Thambu Chetty Street, Chennai - 600 001, Tamil Nadu, India
Number: +91 44 4266 8366
Email: info@glottislogistics.in
Website: www.glottislogistics.in
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Glottis IPO is a Mainboard IPO having an issue size of Rs. ₹307.00 Crs. Glottis IPO is priced at ₹120 - ₹129 per share. The issue opens on 29 Sep 25 and closes on 01 Oct 25.
Glottis IPO opens on 29 Sep 25 and closes on 01 Oct 25.
The estimated Grey Market Premium of Glottis IPO is ₹12 per share (9.30%).
The minimum lot size of Glottis IPO is 114 shares & the minimum application amount is Rs. 14706.
The allotment date of Glottis IPO is 03 Oct 25.
The listing date of Glottis IPO is 07 Oct 25.
Glottis IPO is subscribed 2.05 times.
Glottis IPO is priced at ₹120 - ₹129 per share.
Click the allotment link on Glottis IPO page of IPO360.
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