Incorporated in 2024, Glottis provides multimodal logistics solutions across ocean, air and road, with ancillary warehousing, 3PL, and customs clearance services; FY2024 ocean imports handled were ~95,000 TEUs. The network spans 8 Indian branches, 171 overseas agents, and partnerships with 98 shipping lines and 22 airlines, supported by 17 owned commercial vehicles as of early 2025.
Glottis IPO
Mainboard book‑built issue (Fresh + OFS)
UPCOMING IPOGlottis is raising ₹307.00 crore via a fresh issue of about ₹160.00 crore and an OFS of about ₹147.00 crore, totaling 2,37,98,740 equity shares. The offer opens on September 29, 2025 and closes on October 1, 2025, with allotment expected on October 3 and listing proposed on BSE and NSE on October 7, 2025. The price band is ₹120 to ₹129 per share; the minimum retail application is 1 lot of 114 shares for ₹14,706.
| Face Value | ₹2 per share |
|---|---|
| Issue Price Band | ₹120 to ₹129 per share |
| Offer Structure | Fresh + Offer for Sale |
| Total Shares | 2,37,98,740 shares (aggregating up to ₹307.00 crore) |
| Fresh Issue | 1,24,03,100 shares (aggregating up to ₹160.00 crore) |
| Offer for Sale | 1,13,95,640 shares (aggregating up to ₹147.00 crore) |
| Issue Type | Book‑building IPO |
| Listing | BSE, NSE |
| Shareholding (Pre / Post) | 8,00,00,000 / 9,24,03,100 shares |
| Lead Manager | Pantomath Capital Advisors Pvt. Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Investor Category | Reservation |
|---|---|
| QIB | Not more than 30% of Offer |
| NII (HNI) | Not less than 30% of Offer |
| Retail (RII) | Not less than 40% of Offer |
| IPO Open | Mon, Sep 29, 2025 |
|---|---|
| IPO Close | Wed, Oct 1, 2025 |
| Allotment (Tentative) | Fri, Oct 3, 2025 |
| Refunds Initiation | Mon, Oct 6, 2025 |
| Credit to Demat | Mon, Oct 6, 2025 |
| Listing (Tentative) | Tue, Oct 7, 2025 |
| UPI Mandate Cut‑off | 5 PM on Oct 1, 2025 |
| 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 |
Incorporated in 2024, Glottis provides multimodal logistics solutions across ocean, air and road, with ancillary warehousing, 3PL, and customs clearance services; FY2024 ocean imports handled were ~95,000 TEUs. The network spans 8 Indian branches, 171 overseas agents, and partnerships with 98 shipping lines and 22 airlines, supported by 17 owned commercial vehicles as of early 2025.
FY2023–FY2025 (₹ crore)
| Assets | Total Income | PAT | EBITDA | Net Worth | Total Borrowings |
|---|---|---|---|---|---|
| 156.10 (FY25) | 942.55 | 56.14 | 78.45 | 98.53 | 22.14 |
| 81.72 (FY24) | 499.39 | 30.96 | 40.36 | 42.35 | 8.08 |
| 72.08 (FY23) | 478.77 | 22.44 | 33.47 | 11.52 | 30.61 |
Source: IPO trackers summarizing RHP/DRHP, including dates, price band, lot size, offer mix, reservation split (40/30/30), and financials; registrar/lead manager and listing timeline corroborated.
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