Glottis Limited IPO
Glottis Limited IPO
Mainboard NSE & BSE Closed

Price Band

₹120 - ₹129

Total Issue

₹307 Cr

Bid Dates

29 Sep - 01 Oct

Subscription

2.12x

Listing Price

₹84 (-34.88%)

Website RHP
Check Allotment

Valuation

Market Cap

₹1,192.00 Cr

P/E Ratio

18.38x

P/B Ratio

10.47x

Glottis IPO Dates

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.

Lots & IPO Size

Glottis IPO Lot Size

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
Allocate Funds

Category Reservation

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

Glottis IPO Size

Total ₹307 Cr
Fresh Issue
₹160 Cr (1.24 Cr Shares)
Offer For Sale
₹147 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

Glottis IPO Live Subscription

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

Glottis IPO Subscription Status (Mainboard)
Category Sub (x) Offered Bids Amount(Cr)
QIB 1.84 28,55,867 52,62,240 67.88
NII 3.08 71,39,622 2,20,03,368 283.84
bHNI 3.77 47,59,748 1,79,42,004 231.45
sHNI 1.71 23,79,874 40,61,364 52.39
Retail 1.47 95,19,496 1,40,28,270 180.96
Total 2.12 1,95,14,985 4,12,93,878 532.69

Glottis IPO Details Live GMP

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

Glottis IPO 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

Key Performance Indicators (KPIs)

EBITDA

8.34%

PAT

5.97%

ROE

56.98%

ROCE

72.58%

Debt to Equity

0.22

All the data pertains to FY 2024-25.PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

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

Lead Managers (1)

Pantomath Capital

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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Frequently Asked Questions (FAQs)

What is Glottis IPO?
Glottis IPO is a Mainboard IPO having an issue size of ₹307 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

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