Bookbuilding IPO | ₹307 Cr | Listed at BSE, NSE | Mon, Sep 29, 2025 - Wed, Oct 1, 2025
Glottis IPO is a book build issue of ₹307.00 crores. The issue is a combination of fresh issue of 1.24 crore shares aggregating to ₹160.00 crores and offer for sale of 1.14 crore shares aggregating to ₹147.00 crores.
Glottis IPO bidding started from Sep 29, 2025 and ended on Oct 1, 2025. The allotment for Glottis IPO was finalized on Oct 3, 2025. The shares got listed on BSE, NSE on Oct 7, 2025.
Glottis IPO price band is set at ₹129 per share. The lot size for an application is 114. The minimum amount of investment required by an retail is ₹14,706 (114 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,596 shares), amounting to ₹2,05,884, and for bNII, it is 68 lots (7,752 shares), amounting to ₹10,00,008.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Glottis IPO RHP for detailed Information.
IPO Open
Mon, Sep 29, 2025
IPO Close
Wed, Oct 1, 2025
Issue Price
₹129 per share
Market Cap (Pre-IPO)
₹1,192.00 Cr
| IPO Date | 29 Sep to 1 Oct, 2025 |
| Listed on | Tue, Oct 7, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹120 to ₹129 |
| Issue Price | ₹129 per share |
| Lot Size | 114 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,37,98,640 shares (agg. up to ₹307 Cr) |
| Fresh Issue | 1,24,03,000 shares (agg. up to ₹160 Cr) |
| Offer for Sale | 1,13,95,640 shares of ₹2 (agg. up to ₹147 Cr) |
| Share Holding Pre Issue | 8,00,00,000 shares |
| Share Holding Post Issue | 9,24,03,000 shares |
| BSE Script Code / NSE Symbol | 544557 / GLOTTIS |
| ISIN | INE0TQE01026 |
Glottis IPO offers total 2,37,98,640 shares. Out of which 71,39,592 (30.00%) allocated to QIB, 28,55,837 (12.00%) allocated to QIB (Ex- Anchor), 71,39,592 (30.00%) allocated to NII 95,19,456 (40.00%) allocated to RII and 42,83,755 (18.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 71,39,592 (30.00%) | NA |
| − Anchor Investor Shares Offered | 42,83,755 (18.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 28,55,837 (12.00%) | NA |
| NII (HNI) Shares Offered | 71,39,592 (30.00%) | NA |
| − bNII > ₹10L | 47,59,728 (20.00%) | 2,982 |
| − sNII < ₹10L | 23,79,864 (10.00%) | 1,491 |
| Retail Shares Offered | 95,19,456 (40.00%) | 83,504 |
| Total Shares Offered | 2,37,98,640 (100.00%) |
Investors can bid for a minimum of 114 shares and in multiples thereof.
| 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 raises ₹55.26 crore from anchor investors. Glottis IPO Anchor bid date is September 26, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 26, 2025 |
| Shares Offered | 42,83,755 |
| Anchor Portion (₹ Cr.) | 55.26 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Nov 1, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 31, 2025 |
Incorporated in June 2024, Glottis Limited is a logistics solutions company that offers comprehensive transportation services through ocean, air, and road logistics.
The company provides end-to-end logistics solutions with multimodal capabilities across various sectors, optimizing the movement of goods across different regions. Our services include:
During Fiscal Year 2024, Glottis Limited handled approximately 95,000 TEUs of imports via ocean freight.
As of Feb 2025, the company operates in India through 8 branch offices in New Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru, and Cochin, with registered and corporate offices in Chennai, covering major transportation hubs.
The company has exported its products to the countries such as Europe, North America, South America, Africa, Middle East and Asia.
For the six months ended September 2024 and for Fiscals 2024, 2023, and 2022, the company served 1,246, 1,662, 1,513, and 1,476 customers across 119, 100, 87, and 85 countries, respectively.
As of January 10, 2025, the company had a network of 171 overseas agents, 98 shipping lines, 52 transporters, 43 customs house agents, 22 airlines, and 20 consol agents, built on longstanding relationships.
As of January 10, 2025, the company owns 17 commercial vehicles. Our extensive vehicle and agency network allows us to scale with increasing demand and seize large business opportunities.
Competitive Strength
Glottis Ltd.'s revenue increased by 89% and profit after tax (PAT) rose by 81% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 156.10 | 81.72 | 72.08 |
| Total Income | 942.55 | 499.39 | 478.77 |
| Profit After Tax | 56.14 | 30.96 | 22.44 |
| EBITDA | 78.45 | 40.36 | 33.47 |
| NET Worth | 98.53 | 42.35 | 11.52 |
| Reserves and Surplus | 82.53 | 41.35 | 10.52 |
| Total Borrowing | 22.14 | 8.08 | 30.61 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards purchase of commercial vehicles and containers; and | 132.54 |
| 2 | General Corporate Purposes | 12.66 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 7.02 | 6.08 |
| P/E (x) | 18.38 | 21.23 |
| Promoter Holding | 98.98% | 74.23% |
| Market Cap | ₹1,192.00 Cr. |
The Glottis IPO is subscribed 2.12 times on October 1, 2025 5:04:50 PM (Day 3). The public issue subscribed 1.47 times in the retail category, 1.84 times in the QIB category, and 3.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 1.84 | 28,55,867 | 52,62,240 |
| NII | 3.08 | 71,39,622 | 2,20,03,368 |
| bNII (bids above ₹10L) | 3.77 | 47,59,748 | 1,79,42,004 |
| sNII (bids below ₹10L) | 1.71 | 23,79,874 | 40,61,364 |
| Retail | 1.47 | 95,19,496 | 1,40,20,632 |
| Total | 2.12 | 1,95,14,985 | 4,12,86,240 |
Total Application : 1,06,634
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fixed fees payable to Book Running Lead Manager | 2.50 |
| 2 | Underwriting/Selling Commission to the BRLM | 15.35 |
| 3 | Commission/processing fee for SCSBs, Sponsor Bank(s) and fees payable to sponsor bank(s) for bids made by RIBs, Bankers to the Offer(s), Brokerage and Syndicate Fees, bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 3.67 |
| 4 | Fees payable to the Registrar to the Offer | 0.02 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 1.76 |
| 6 | Printing and distribution of stationery | 0.23 |
| 7 | Advertising and marketing expenses | 2.62 |
| 8 | Fees payable to legal counsel | 0.50 |
| 9 | Fees payable to other advisors to the Offer, including but not limited to Statutory Auditors, industry service provider and Chartered Engineer | 1.19 |
| 10 | Miscellaneous expenses | 0.55 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹129.00 | ₹129.00 |
| Open | ₹88.00 | ₹84.00 |
| Low | ₹81.10 | ₹81.17 |
| High | ₹93.00 | ₹93.00 |
| Last Trade | ₹83.85 | ₹83.70 |
Lead Manager Reports
Glottis IPO is a main-board IPO of 2,37,98,640 equity shares of the face value of ₹2 aggregating up to ₹307 Crores. The issue is priced at ₹129 per share. The minimum order quantity is 114.
The IPO opens on Mon, Sep 29, 2025, and closes on Wed, Oct 1, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Glottis IPO using UPI as a payment gateway. Zerodha customers can apply in Glottis IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Glottis IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Glottis IPO opens on Mon, Sep 29, 2025 and closes on Wed, Oct 1, 2025.
Glottis IPO lot size is 114, and the minimum amount required for application is ₹14,706.
You can apply in Glottis IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Glottis IPO will be done on Friday, October 3, 2025, and the allotted shares will be credited to your demat account by Mon, Oct 6, 2025. Check the Glottis IPO allotment status.
The Glottis IPO listing date is on Tue, Oct 7, 2025.
