Glottis IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 29 to Oct 01 2025
Price Band
₹120 - 129
Current GMP
₹0(0.00%)
Subscription
2.12 times
IPO Details
| IPO Date | September 29, 2025 to October 1, 2025 |
| Listing Date | October 7, 2025 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹120 to ₹129 per share |
| Issue Price Final | ₹129 per share |
| Lot Size | 114 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,37,98,740 shares (aggregating up to ₹307.00 Cr) |
| Fresh Issue | 1,24,03,100 shares (aggregating up to ₹160.00 Cr) |
| Offer for Sale | 1,13,95,640 shares of ₹2 (aggregating up to ₹147.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 8,00,00,000 shares |
| Share Holding Post Issue | 9,24,03,100 shares |
IPO Date
September 29, 2025 to October 1, 2025
Listing Date
October 7, 2025
Face Value
₹2 per share
Issue Price Band
₹120 to ₹129 per share
Issue Price Final
₹129 per share
Lot Size
114 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
2,37,98,740 shares (aggregating up to ₹307.00 Cr)
Fresh Issue
1,24,03,100 shares (aggregating up to ₹160.00 Cr)
Offer for Sale
1,13,95,640 shares of ₹2 (aggregating up to ₹147.00 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
8,00,00,000 shares
Share Holding Post Issue
9,24,03,100 shares
IPO Subscription Details
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 1.84 |
| Non-Institutional Buyers | 3.08 |
| bNII (bids above ₹10L) | 3.77 |
| sNII (bids below ₹10L) | 1.71 |
| Retail Investors | 1.47 |
| Total ** | 2.12 |
Anchor Investors
1
QIB (Ex Anchor)
1.84
Non-Institutional Buyers
3.08
bNII (bids above ₹10L)
3.77
sNII (bids below ₹10L)
1.71
Retail Investors
1.47
Total **
2.12
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 29, 2025 | 1.76 | 0.17 | 0.19 | 0.12 | 0.23 | 0.43 |
| Day 2 Sep 30, 2025 | 1.76 | 1.12 | 1.51 | 0.35 | 0.60 | 0.96 |
| Day 3 Oct 1, 2025 | 1.84 | 3.08 | 3.77 | 1.71 | 1.47 | 2.12 |
DayDay 1
Sep 29, 2025
QIB (Ex Anchor)1.76
NII0.17
NII (> ₹10L)0.19
NII (< ₹10L)0.12
Retail0.23
Total0.43
DayDay 2
Sep 30, 2025
QIB (Ex Anchor)1.76
NII1.12
NII (> ₹10L)1.51
NII (< ₹10L)0.35
Retail0.60
Total0.96
DayDay 3
Oct 1, 2025
QIB (Ex Anchor)1.84
NII3.08
NII (> ₹10L)3.77
NII (< ₹10L)1.71
Retail1.47
Total2.12
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 07-10-2025 | 129.00 | 0(0.00%) | 129 |
| 06-10-2025 | 129.00 | 0(0.00%) | 129 |
| 05-10-2025 | 129.00 | 0(0.00%) | 129 |
| 04-10-2025 | 129.00 | 0(0.00%) | 129 |
| 03-10-2025 | 129.00 | 0(0.00%) | 129 |
| 02-10-2025 | 129.00 | 1(0.78%) | 130 |
| 01-10-2025 | 129.00 | 1(0.78%) | 130 |
| 30-09-2025 | 129.00 | 5(3.88%) | 134 |
| 29-09-2025 | 129.00 | 20(15.50%) | 149 |
| 28-09-2025 | 129.00 | 12(9.30%) | 141 |
| 27-09-2025 | 129.00 | 12(9.30%) | 141 |
| 26-09-2025 | 129.00 | 15(11.63%) | 144 |
| 25-09-2025 | 129.00 | 15(11.63%) | 144 |
| 24-09-2025 | 129.00 | 0(0.00%) | 129 |
| 23-09-2025 | 0(%) | (%) |
Date07-10-2025
Price129.00
GMP0(0.00%)
Estimate List Price129
Date06-10-2025
Price129.00
GMP0(0.00%)
Estimate List Price129
Date05-10-2025
Price129.00
GMP0(0.00%)
Estimate List Price129
Date04-10-2025
Price129.00
GMP0(0.00%)
Estimate List Price129
Date03-10-2025
Price129.00
GMP0(0.00%)
Estimate List Price129
Date02-10-2025
Price129.00
GMP1(0.78%)
Estimate List Price130
Date01-10-2025
Price129.00
GMP1(0.78%)
Estimate List Price130
Date30-09-2025
Price129.00
GMP5(3.88%)
Estimate List Price134
Date29-09-2025
Price129.00
GMP20(15.50%)
Estimate List Price149
Date28-09-2025
Price129.00
GMP12(9.30%)
Estimate List Price141
Date27-09-2025
Price129.00
GMP12(9.30%)
Estimate List Price141
Date26-09-2025
Price129.00
GMP15(11.63%)
Estimate List Price144
Date25-09-2025
Price129.00
GMP15(11.63%)
Estimate List Price144
Date24-09-2025
Price129.00
GMP0(0.00%)
Estimate List Price129
Date23-09-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Mon, Sep 29, 2025 |
| IPO Close Date | Wed, Oct 1, 2025 |
| Tentative Allotment | Fri, Oct 3, 2025 |
| Initiation of Refunds | Mon, Oct 6, 2025 |
| Credit of Shares to Demat | Mon, Oct 6, 2025 |
| Tentative Listing Date | Tue, Oct 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 1, 2025 |
IPO Open Date
Mon, Sep 29, 2025
IPO Close Date
Wed, Oct 1, 2025
Tentative Allotment
Fri, Oct 3, 2025
Initiation of Refunds
Mon, Oct 6, 2025
Credit of Shares to Demat
Mon, Oct 6, 2025
Tentative Listing Date
Tue, Oct 7, 2025
Cut-off time for UPI mandate confirmation
5 PM on Wed, Oct 1, 2025
IPO Lot Size
| 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 |
ApplicationRetail (Min)
Lots1
Shares114
Amount₹14,706
ApplicationRetail (Max)
Lots13
Shares1,482
Amount₹1,91,178
ApplicationS-HNI (Min)
Lots14
Shares1,596
Amount₹2,05,884
ApplicationS-HNI (Max)
Lots67
Shares7,638
Amount₹9,85,302
ApplicationB-HNI (Min)
Lots68
Shares7,752
Amount₹10,00,008
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025156.10
31 Mar 202481.72
31 Mar 202372.08
Period EndedTotal Income
31 Mar 2025942.55
31 Mar 2024499.39
31 Mar 2023478.77
Period EndedProfit After Tax
31 Mar 202556.14
31 Mar 202430.96
31 Mar 202322.44
Period EndedEBITDA
31 Mar 202578.45
31 Mar 202440.36
31 Mar 202333.47
Period EndedNET Worth
31 Mar 202598.53
31 Mar 202442.35
31 Mar 202311.52
Period EndedReserves and Surplus
31 Mar 202582.53
31 Mar 202441.35
31 Mar 202310.52
Period EndedTotal Borrowing
31 Mar 202522.14
31 Mar 20248.08
31 Mar 202330.61
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Glottis | 7.02 | 7.02 | 12.32 | 56.98 | ||
| Allcargo Logistics | 1.75 | 1.75 | 24.65 | 17.95 | 2.03 | 1.29 |
| Transport Corporation of India | 53.43 | 53.43 | 279.65 | 25.60 | 19.42 | 4.14 |
Company NameGlottis
EPS (Basic)7.02
EPS (Diluted)7.02
NAV (per share) (Rs)12.32
P/E (x)
RoNW (%)56.98
P/BV Ratio
Company NameAllcargo Logistics
EPS (Basic)1.75
EPS (Diluted)1.75
NAV (per share) (Rs)24.65
P/E (x)17.95
RoNW (%)2.03
P/BV Ratio1.29
Company NameTransport Corporation of India
EPS (Basic)53.43
EPS (Diluted)53.43
NAV (per share) (Rs)279.65
P/E (x)25.60
RoNW (%)19.42
P/BV Ratio4.14
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 71,39,622 (30.00%) | NA |
| − Anchor Investor Shares Offered | 42,83,755 (18.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 28,55,867 (12.00%) | NA |
| NII (HNI) Shares Offered | 71,39,622 (30.00%) | NA |
| − bNII > ₹10L | 47,59,748 (20.00%) | 2,982 |
| − sNII < ₹10L | 23,79,874 (10.00%) | 1,491 |
| Retail Shares Offered | 95,19,496 (40.00%) | 83,504 |
| Total Shares Offered | 2,37,98,740 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered71,39,622 (30.00%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered42,83,755 (18.00%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered28,55,867 (12.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered71,39,622 (30.00%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered47,59,748 (20.00%)
Maximum Allottees2,982
Investor Category− sNII < ₹10L
Shares Offered23,79,874 (10.00%)
Maximum Allottees1,491
Investor CategoryRetail Shares Offered
Shares Offered95,19,496 (40.00%)
Maximum Allottees83,504
Investor CategoryTotal Shares Offered
Shares Offered2,37,98,740 (100.00%)
Maximum Allottees
Information about company
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:
Ocean freight forwarding, including project cargo loads and full container loads for both import and export
Air freight forwarding for both import and export
Road transportation
Ancillary services such as warehousing, storage, cargo handling, third-party logistics (3PL), and customs clearance
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
One of the leading freight forwarding players operating in the Renewable Energy Industry
Wide network of Intermediaries coupled with optimum utilisation of our asset portfolio.
Scaled multimodal logistics operations with capabilities of handling diverse projects.
Longstanding relationship with a diverse set of customers across industries.
Widespread international presence.
Skilled and experienced management team with relevant industry experience.
Objectives of IPO
The Company Glottis IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding of capital expenditure requirements of our Company towards purchase of commercial vehicles and containers; and
132.54
2
General Corporate Purposes
Disclaimer
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