Glottis IPO Details
The key details of Glottis’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹307.00 Cr |
| Price Range | ₹120 - ₹129 |
| Retail Quota | 40% |
| QIB Quota | 30% |
| NII Quota | 30% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 114 |
| Investment (cut-off price) | ₹14,706 |
| Pre IPO Promotor Holding | 98.98% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Glottis IPO Timelines
The IPO process for Glottis includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
29/09/2025
Start Date01/10/2025
End Date06/10/2025
Refund Initiation06/10/2025
Credit of Shares to Demat Ac07/10/2025
Listing DateGlottis IPO Lot Size
The Glottis IPO has a fixed lot size of 114 shares, at an upper price band of ₹129 per share. For retail investors, the minimum application is 114 shares (1 lot) amounting to ₹14,706, while the maximum is 1,482 shares (13 lots) worth ₹1,91,178. For Small HNI (S-HNI) investors, the minimum application is 1,596 shares (14 lots) worth ₹2,05,884, while the maximum is 7,638 shares (67 lots) amounting to ₹9,85,302. Big HNI (B-HNI) investors need to apply for at least 7,752 shares (68 lots), totaling ₹10,00,008.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 114 | ₹14,706 |
| Retail Maximum | 13 | 1482 | ₹1,91,178 |
| S-HNI Minimum | 14 | 1596 | ₹2,05,884 |
| S-HNI Maximum | 67 | 7638 | ₹9,85,302 |
| B-HNI Minimum | 68 | 7752 | ₹10,00,008 |
Glottis IPO Subscription Status
The subscription status for Glottis IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Glottis IPO Company Financials
Glottis reports robust performance in FY2025 with Total Income of ₹942.55 crores, managing expenses at ₹866.68 crores, and achieving a strong PAT (Profit After Tax) of ₹56.14 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹478.77 | ₹445.45 | ₹22.44 |
| FY 2024 | ₹499.39 | ₹457.83 | ₹30.96 |
| FY 2025 | ₹942.55 | ₹866.68 | ₹56.14 |
About Company
Glottis Limited, incorporated in June 2024, is a logistics solutions provider offering comprehensive multimodal transportation services including ocean, air, and road logistics. The company specializes in end-to-end logistics, handling ocean freight forwarding for both project cargo and full container loads, air freight for imports and exports, and road transportation. It also provides ancillary services such as warehousing, cargo handling, third-party logistics, and customs clearance. In Fiscal Year 2024, Glottis Limited managed approximately 95,000 TEUs of ocean import cargo. As of February 2025, the company operates across India with eight branch offices in major cities and its corporate and registered offices located in Chennai.
The company has a global presence, exporting to regions including Europe, North America, South America, Africa, the Middle East, and Asia. It served 1,246 customers across 119 countries in the six months ending September 2024, with consistent growth over previous years. As of January 2025, Glottis Limited has built a strong network of 171 overseas agents, 98 shipping lines, 52 transporters, 43 customs house agents, 22 airlines, and 20 consol agents. The company also owns 17 commercial vehicles, enabling it to respond efficiently to increasing demand and capitalize on large-scale opportunities.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2024 | Logistics | Manikandan Kuttappan |
Know Before Investing
Glottis IPO Strengths
- Ocean freight contributes about 95% of Glottis’ revenues, with the company handling over 1,12,146 TEUs in FY24, reflecting strong market presence and operational scale.
- Operates in 125 countries supported by group entities in Singapore, UAE, and Vietnam, along with partnerships with 256 international freight forwarders and 124 shipping lines, enabling wide geographic coverage and network strength.
- Nearly 47% of revenue comes from logistics services for renewable energy sectors like solar, wind, and hydro, positioning the company well to benefit from India’s clean energy push.
- Leverages ERP-enabled systems for real-time shipment tracking, documentation automation, and efficient customer communication, enhancing service quality and operational efficiency.
- Served over 1,900 customers in FY25, including 871 repeat customers, indicating strong client retention and long-term revenue visibility.
- Provides integrated services including ocean freight, air freight, inland transport, warehousing, and customs clearance, making it a one-stop logistics provider.
- Expansion plans into warehousing and 3PL services in multiple Indian cities, and deepening presence in international markets like Africa, Australia, and South America promise scalable growth.
Glottis IPO Risks
- Nearly half of the company’s revenue comes from renewable energy logistics. Any slowdown or policy changes in this sector could significantly impact revenue.
- About 95% of revenue derives from ocean freight, exposing the company to freight rate volatility and global shipping market fluctuations.
- Heavy dependence on intermediary freight forwarders and shipping lines for operations could lead to service disruptions or quality control issues.
- The company’s warehousing facilities are mainly concentrated in Tamil Nadu, potentially limiting their ability to serve clients efficiently across other regions.
- A substantial portion of revenue is earned from a few large customers, making the business vulnerable if one or more of these customers reduce orders.
- Complex regulations across multiple jurisdictions relating to logistics, taxation, and labor could increase compliance costs or cause operational hiccups.
Swot Analysis for Glottis IPO
Strengths
Comprehensive Multimodal Logistics, Sector Specialization, National and International Reach
Weaknesses
Revenue Concentration in Renewable Energy, Third-Party Intermediary Depends, Limited Warehousing Footprint
Opportunities
India’s Infrastructure and Export Growth, Sector Diversification, Geographic Expansion
Threats
Logistics Market Competition, Supply Chain Disruptions, Client Retention Risk
Company Details
Glottis Ltd.
New No. 46, Old No. 311, 1st Floor, Thambu Chetty Street, Chennai – 600 001, Tamil Nadu, India.
Phone: +91 444266 5587
Email: info@glottislogistics.in
Website: https://www.glottislogistics.in/
IPO Registar Details
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: glottisltd.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
FAQs
The key objectives of Glottis IPO are:
- Funding of capital expenditure requirements of the Company towards purchase of commercial vehicles and containers; and
- General Corporate Purposes
Pantomath Capital Advisors Pvt. Ltd. is the book-running lead managers for the Glottis IPO.
Glottis IPO shows strong growth potential with revenue rising from ₹499.39 crore in FY24 to ₹942.55 crore in FY25 and profit reaching ₹56.14 crore. Its expertise in renewable energy logistics and presence in the fast-growing Indian freight market position it well despite operational risks.
The issue price for the Glottis IPO is set between ₹120 to ₹129 per share.
To invest in one lot of Glottis IPO, you need ₹13,680 at the lower price band (₹120 per share) or ₹14,706 at the upper price band (₹129 per share) for a lot size of 114 shares.
Glottis IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 7, 2025.
Refund/unblocking of funds for Glottis IPO will begin on October 6, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Glottis IPO shares on listing day (October 7, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.