Glottis IPO Details
Glottis IPO, a book-built issue worth Rs. 307 crore, comprises a fresh issue of 1.24 crore shares aggregating to Rs. 160 crore and an offer for sale of 1.14 crore shares aggregating to Rs. 147 crore. The IPO opens for subscription on September 29, 2025, and will close on October 1, 2025.
The price band has been fixed at Rs. 120–129 per share, with a lot size of 114 shares. For retail investors, the minimum application amount works out to Rs. 14,706 at the upper price band, while the investment requirement is Rs. 2,05,884 for sNII (14 lots) and Rs. 10,00,008 for bNII (68 lots). The shares are proposed to be listed on both BSE and NSE, with tentative listing scheduled for October 7, 2025.
Pantomath Capital Advisors Pvt. Ltd. is the book running lead manager, and Kfin Technologies Ltd. is the registrar to the issue.
đź•— Last Update: 7 October 2025, 6.00 AM
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 1.84 | 3.77 | 1.71 | 3.08 | 1.47 | 2.12 |
| Applications: 106,634 | |||||
| Subscription Review: Weak trend on thelast day |
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 IPO Key Dates
| Anchor portion | |
| IPO opens on | 29 Sept 2025 |
| IPO Closes on | 1 Oct 2025 |
| IPO Allotment on | 3 Oct 2025 |
| Unblocking of Asba | 6 Oct 2025 |
| Credit of Shares | 6 Oct 2025 |
| Listing of Shares | 7 Oct 2025 |
The promoters Â
The Promoters of the company are Ramkumar Senthilvel and Kuttappan Manikandan
The promoters hold 98.98% shares in the post IPO capital of the company.
Objects of IPO
The Offer comprises of fresh issue of capital and the offer for sale& the objects are
+Funding of capital expenditure requirements of our Company towards purchase of commercial vehicles and containers; andRs. 132 Crore
+General Corporate Purposes
Business :
IPO Details
| Â | |
| IPO opens on | 29 September 2025 |
| IPO closes on | 1 October 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 23798740 Shares / Rs 307 Crore |
| * Fresh Issue | Rs 160 Crore |
| * Offer for Sale | Rs 147 Crore |
| Â | Â |
| Face Value per share: | Rs. 2 |
| Price Band | Rs. 120-129 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. – per share |
| Retail Lot Size | 114 Shares |
| Listing will at | BSE, NSE |
How are the shares offered?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 30% of the Net Offer |
| Retail Shares Offered | Not more than 40% of the Net Offer |
| NII Shares Offered | Not more than 40% of the Net Offer |
How can the shares be applied?
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 114 | â‚ą14,706 |
| Retail (Max) | 13 | 1,482 | â‚ą1,91,178 |
| S-HNI (Min) | 14 | 1,596 | â‚ą2,05,884 |
| S-HNI (Max) | 67 | 7,638 | â‚ą9,85,302 |
| B-HNI (Min) | 68 | 7,752 | â‚ą10,00,008 |
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How to check Allotment Status
Allotment of this IPO will be announced on 3 October 2025 and the link to check allotment is given below:
| Registered Office of the company Glottis Ltd. New No. 46, Old No. 311 1st Floor Thambu Chetty Street Chennai, Tamil Nadu, 600001 Email: info@glottislogistics.in |
|
| The Lead Managers Pantomath Capital Advisors Pvt Ltd |
|
| Registrar to IPO | |
| Kfin Technologies ltd |
Financial Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 156.1 | 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 |
| Amount in Rs. Crore | |||
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Key Performance Indicators
| KPI | Values |
| ROE | 56.98% |
| ROCE | 72.58% |
| Debt/Equity | 29 |
| RoNW | 56.98% |
| PAT Margin | 5.97% |
| EBITDA Margin | 8.34% |
| Price to Book Value | 10.47 |
| EPS | 7.02 |
| PE R | 18.38 |
Peer Comparison
| Company Name | EPSÂ (Basic) | EPS (Diluted) |
| Glottis | 7.02 | 7.02 |
| Allcargo Logistics | 1.75 | 1.75 |
| Transport Corporation of India | 53.43 | 53.43 |
IPO Concise Review by Paresh Gordhandas, CA & Research Analyst
Glottis Limited has shown strong growth in the last three years. Total income nearly doubled from Rs. 499.39 crore in FY24 to Rs. 942.55 crore in FY25, while Profit After Tax rose from Rs. 30.96 crore to Rs. 56.14 crore. EBITDA margins have expanded steadily, reflecting operational efficiency. Net worth has also strengthened sharply to Rs. 98.53 crore, supported by rising reserves, while borrowings remain modest at Rs. 22.14 crore, giving the company a comfortable leverage position.
At the upper price band of Rs. 129, the IPO looks attractive considering the robust revenue growth, consistent profitability, strong global logistics network, and low debt-equity ratio. The company’s expansion across multiple modes of transport and global reach further add to its growth visibility. Investors may consider applying for the IPO for potential listing gains as well as medium-term growth prospects.
Glottis IPO dates
Glottis IPO price & Lot
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