Glottis Limited IPO

Glottis Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹120 - ₹129

Total Issue

₹307.00 Cr

Bid Dates

29 Sep - 01 Oct

Subscription

2.05x

Est. GMP

₹12 (9.30%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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.

Lot Info

Lot Information for Glottis IPO
Category 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

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹307.00 Cr
Fresh Issue
₹160.00 Cr (1.24 Cr Shares)
Offer For Sale
₹147.00 Cr (1.14 Cr Shares)

Objects of Issue

  1. Funding of capex requirements of our Company towards purchase of commercial vehicles and containers
  2. General Corporate Purposes

Grey Market Premium

GMP ₹12
Est. Price ₹141
Est. Gain 9.30%

Glottis IPO Peer Comparison

(Rs. in crores)

Glottis IPO Peer Comparison Table
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

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Glottis IPO
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

KPIs

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.

Shareholding

Promoter

100.00%

Public

0.00%

Ramkumar Senthilvel 49.49%
Kuttappan Manikandan 49.49%
Other Promoter 1.00%

Management

Ramkumar Senthilvel Managing Director
Kuttappan Manikandan Managing Director
Rajasree CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Lead Managers (1)

Pantomath Capital Pantomath Capital

Subscription Status

Updated as on 01-Oct-2025 19:00:00

Mainboard Subscription Status for Glottis IPO
Category Sub (x) Offered Bids
QIB 1.84 28,55,867 52,62,240
NII 3.08 71,39,622 2,20,03,368
bHNI 3.77 47,59,748 1,79,42,004
sHNI 1.71 23,79,874 40,61,364
Retail 1.47 95,19,496 1,40,28,270
Total 2.12 1,95,14,985 4,12,93,878

Frequently Asked Questions

What is Glottis IPO?
Glottis IPO is a Mainboard IPO having an issue size of ₹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.
When will Glottis IPO open?
Glottis IPO opens on 29 Sep 25 and closes on 01 Oct 25.
What is the GMP of Glottis IPO?
The estimated Grey Market Premium of Glottis IPO is ₹12 per share (9.30%).
What is the lot size of Glottis IPO?
The minimum lot size of Glottis IPO is 114 shares & the minimum application amount is Rs. 14706.
When is the allotment of Glottis IPO?
The allotment date of Glottis IPO is 03 Oct 25.
What is the listing date of Glottis IPO?
The listing date of Glottis IPO is 07 Oct 25.
What is the subscription of Glottis IPO?
Glottis IPO is subscribed 2.05 times.
What is the price band of Glottis IPO?
Glottis IPO is priced at ₹120 - ₹129 per share.
How to check allotment status of Glottis IPO?
Click the allotment link on Glottis IPO page of IPO360.
How to apply Glottis IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Glottis IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Glottis IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Glottis IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date