Glottis IPO

2.03x

subscribed

Glottis IPO

Logistics
listed
₹13,680Min. investment
  1. Pre-apply
    26 Sep
  2. Bid start
    29 Sep
  3. Bid end
    1 Oct
  4. Allotment
    3 Oct
  5. Release of funds
    6 Oct
  6. Demat transfer
    6 Oct
  7. Listing
    7 Oct

About Glottis Limited

SectorLogistics
Price range₹120 – ₹129
IPO type
Regular
Lot size114 shares
Issue size₹307Cr
Red Herring Prospectus
Read
Market Cap
₹1,192CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹941.1CrHigher than sector avg
Growth rate3Y CAGR
40.28%Higher than sector avg

Glottis Limited IPO Overview

Glottis Limited IPO date

Glottis Limited IPO will open for subscription on September 29, 2025, and the closing date for the IPO is October 01, 2025. After this, investors are expected to be updated about the allotment status on October 03, 2025.

Investors who have been allotted shares can expect them to be credited to their demat account on October 06, 2025. The shares will be listed on the NSE and the BSE on Tuesday, October 07, 2025.

Glottis Limited IPO price band

The IPO includes a fresh issue and an offer for sale. The IPO price band has been set between ₹120 to ₹129 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising a fresh issue of ₹160 crore.

Glottis Limited's IPO listing price will be determined on October 07, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Glottis Limited IPO lot size

Glottis Limited IPO details have been declared. The minimum lot size for an application is 114 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹307 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹941.1Cr
This sector
₹711.28Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
40.28%
This sector
0.02%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹56.14Cr
This sector
-₹13.78Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹1,192Cr
This sector
₹1,677.75Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
18.38
This sector
34.35
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.22
This sector
0.59
Compare with companies

Objectives

Funding capital expenditure
82.84%
General corporate purposes
17.10%

Strength and Weakness

Leading freight player

With over two decades of experience, Glottis is one of the leading freight forwarding players operating in the renewable energy sector, import and export in India. Its expertise in handling complex and fragile cargo, global presence, and scalable operations position it strongly to benefit from rising renewable energy demand and industry tailwinds.

Wide network

The company had a network of 256 overseas agents, 124 shipping lines and agencies, 77 transporters, 59 customs house agents, 16 airlines, 32 consol agents and container freight stations, among others. As part of the ocean freight operations, the company obtains the majority of assets and services required for executing its orders from third parties, enabling it to mobilise larger volumes of cargo, reduce the cost and time involved in executing an order.

Scaled multimodal logistical operations

The company’s logistics services with multimodal capabilities across verticals, with ocean freight import contributing 82.97% of revenue, ocean freight export contributing 11.73%, air freight import 1.47%, air freight export 0.45 % and road transport contributing 3.38 % in FY25.

Diverse and long-standing customer base

The company has established long-standing customer relationships with 871 repeat customers served in FY25. It also has a diverse customer base and caters to 1,908 customers spread across multiple industries, including the renewable energy industry, engineering products, home appliances, etc

Widespread international presence

The operations were spread across 125 countries in FY25. It has operations across regions, including Asia, contributing 89.98% of revenue, North America contributing 3.77%, Africa contributing 2.24% and Europe contributing 2.10% in FY25.

About Glottis Limited

Glottis Limited is a multi-modal integrated logistics solutions company offering end-to-end freight management through ocean, air, and land transport. Its services include freight forwarding, warehousing, storage, cargo handling, third-party logistics (3PL), and customs clearance to various industries.
The company has established a good track record in mobilising large volumes of cargo, managing around 112,146 twenty-foot equivalent units (TEUs) of import volume through ocean freight during FY25.
The company is a prominent logistics partner in the renewable energy industry, which generated 47.54% of FY25 revenue, up from 42.42% in FY24 and only 13% in FY23. Its clients are top renewable power generators and component manufacturers in solar, wind, and hydro segments. Apart from renewables, engineering products contribute 12.69% of revenue, granite & minerals contribute 9.23%, timber contributes 5.65%, home appliances contribute 4.89% and agro products contribute 2.78% in FY25. Glottis has a presence in 125 nations with a robust intermediary network of 256 overseas agents, 124 shipping lines, 77 transporters, 59 customs house agents, 16 airlines, and 32 container freight stations as of August 31, 2025.
In the domestic market, the company has a pan-India presence through 8 branch offices that cover major transport hubs with the support of registered and corporate offices in Chennai. Globally, the company has served 125 countries across 6 continents, including Europe, North & South America, Africa, the Middle East, and Asia. It has a strong presence in China, Vietnam and Malaysia, with China contributing 33.18% of FY25 revenue.
The company’s business model balances owned assets with a strong reliance on intermediaries. As of FY25, Glottis owned 17 commercial vehicles but supplemented its operations with 4,209 trips via hired vehicles. Ocean freight remained its core vertical, accounting for 94.7% of FY25 revenue. Air Freight (Import) contributed 1.47%, Air Freight (Exports) 0.45% and road transport 3.38%.
Glottis has executed large-scale logistics projects, including the chartering of dedicated vessels for solar components from Vietnam, complex out-of-gauge cargo handling, and door-to-door logistics for marquee customers. Its strong referral-driven customer acquisition contributed 12.8% of FY25 revenue from renewables through referrals, highlighting the company’s reputation and long-standing relationships. In FY25, Glottis catered to 1,908 customers, with repeat customers forming a large share of its revenues.
The Indian Ocean freight market has expanded from $4.5 billion in FY19 to $7.8 billion in FY24 and is projected to reach $13.9 billion by FY29, with a robust CAGR of 11.9% over FY24-29. The company with a majority share of revenue from this segment is well-positioned to capitalise on this increase in demand. Additionally, the installed solar capacity is expected to grow at a strong CAGR of 23.8% from FY25-30. The company is positioned to gain from the industry tailwinds as it is one of the leading freight forwarding players operating in the renewable energy sector, import and export in India.
The company intends to increase its market share by expanding its asset portfolio and revenue streams, increasing its global footprint and augmenting growth. It is aiming to become a “total logistics provider by providing end-to-end solutions.
Now, Glottis Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹160 crore and an offer-for-sale worth ₹147 crore. The total issue size of the IPO is ₹307 crore. Its shares will be listed on the NSE and BSE.

IPO Subscription Status

Date
QIB
NII
Retail
Total
29-Sep-25
1.79 times (X)
0.16 times (X)
0.22 times (X)
0.42 times (X)
30-Sep-25
2.12X
0.96X
0.59X
0.94X
01-Oct-25
2.31X
2.77X
1.39X
2.03X

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Glottis IPO ?

The issue size of the Glottis IPO is 307 Cr.

What is 'pre-apply' for Glottis IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Glottis IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.