What are the open and close dates of the Glottis IPO ?

Glottis IPO will be open between 2025-09-29 and 2025-10-01.

What is the allotment date for the Glottis IPO ?

Glottis IPO allotment date is 2025-10-06. For Glottis IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Glottis IPO ?

For Glottis IPO, the IPO registrar is KFin Technologies Limited. You can check Glottis IPO allotment status on the website of the registrar.

Where is the Glottis IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.

When will Glottis IPO shares be credited to your demat account?

The Glottis IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.

What is the lot size and minimum order quantity of the Glottis IPO ?

The Glottis IPO lot size is 114 and minimum order quantity is 114.

What is the price band for the Glottis IPO ?

Glottis IPO has set the price band for its IPO at 129 per equity share with a face value of 2.

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Glottis IPO

Logistics

listed

₹13,680Min. investment

Pre-apply
26 Sep
Bid start
29 Sep
Bid end
1 Oct
Allotment
3 Oct
Release of funds
6 Oct
Demat transfer
6 Oct
Listing
7 Oct

Glottis Limited IPO Details

Issue size

₹307Cr

IPO type

Mainboard

Market Cap

₹1,192CrLower than sector avg

Price range

₹120 – ₹129

Listing ExchangeBSE, NSE

RevenueApr 2024 - Mar 2025

₹941.1CrHigher than sector avg

Lot size

114 shares

Red Herring Prospectus

Read

Growth rate3Y CAGR

40.28%Higher than sector avg

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

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3Y growth

Strong 3-year growth shows consistent progress and potential

This IPO

40.28%

This sector

0.02%

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PAT

Higher PAT means strong profitability and efficient cost management

This IPO

₹56.14Cr

This sector

-₹13.78Cr

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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

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D/E ratio

Lower ratio usually means fewer liabilities

This IPO

0.22

This sector

0.59

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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.

Glottis 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

Latest News on Glottis IPO

Proceeds from the fresh issue to the tune of ₹53 crore will be used for the purchase of commercial vehicles, ₹38 crore for debt payment and the remaining funds for general corporate purposes.

1 min read

Glottis IPO allotment: The Chennai-based company's IPO, with a price band of ₹120 to ₹129 per share, comprised a fresh issue of ₹160 crore and an offer for sale of up to ₹147 crore by the promoters.

3 min read

Frequently asked questions

How to invest in the Glottis IPO ?

Investors can apply for the Glottis 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.

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