Glottis Limited IPO
Glottis Limited IPO
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Having completed its public offering, Glottis Limited's is now listed and trading on the NSE, BSE exchange as of 07-10-2025. The IPO raised cumulative capital of 2,37,98,741 Shares, including 1,24,03,101 Shares in primary capital infusion and ₹147.00 Cr in secondary market transactions.
The IPO was conducted with a price range of ₹120 to ₹129 and minimum investment requirement of 114 shares. subscription activity between 29-09-2025 and 01-10-2025 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on 03-10-2025 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Glottis Limited IPO About Company
Glottis Limited, incorporated in June 2024, is a logistics solutions provider offering a full range of transportation services across ocean, air, and road networks. The company delivers end-to-end multimodal logistics solutions, including freight forwarding, warehousing, cargo handling, 3PL, and customs clearance, serving diverse sectors and regions. In FY 2024, it handled about 95,000 TEUs of ocean imports, highlighting its strong operational scale. Headquartered in Chennai with eight branch offices in key cities like New Delhi, Mumbai, and Kolkata, Glottis has built a global presence, exporting to regions such as Europe, North and South America, Africa, the Middle East, and Asia. Its customer base has steadily expanded, serving 1,246 clients in the six months ended September 2024, and over 1,600 in FY 2024, across more than 100 countries. The company’s robust network includes 171 overseas agents, 98 shipping lines, 52 transporters, 43 customs house agents, 22 airlines, and 20 consol agents, along with 17 owned commercial vehicles, giving it the capacity to meet growing demand and capitalize on large-scale opportunities in the logistics industry.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Glottis Limited IPO Strength Factors
- Leadership in Renewable Energy Logistics: A recognized leader in delivering logistics solutions for the fast-growing renewable energy sector.
- Efficient and Reliable Network: A strong mix of intermediaries and owned assets ensures smooth and dependable operations.
- Expertise in Multimodal Transport: Capable of handling complex projects through integrated ocean, air, and road logistics.
Glottis Limited IPO Risk Factors
- Heavy Reliance on Ocean Freight: More than 94–97% of revenue comes from ocean freight. Losing contracts or failing to renew them could significantly impact business.
- Rising Credit and Collection Risks: Longer credit periods (27 days in FY23 to 41 days in FY25) and increasing bad debts show higher risk of delayed payments and customer defaults.
- Operational Challenges with Owned Assets: Moving from rented to owned vehicles and containers may create maintenance issues and inefficiencies, affecting profitability.
Glottis Limited IPO Lead Manager(s)
- Pantomath Capital Advisors Private Limited
Glottis Limited IPO Promoter(s)
- Ramkumar Senthilvel
- Kuttappan Manikandan
Glottis Limited IPO FAQs
Glottis Limited IPO subscribed 2.12 times. The public issue subscribed 1.47 times in the retail category,1.84times in QIB, and 3.77 times in the HNI (10+) category byNovember 21, 2025 9:05:21 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Glottis Limited IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Glottis Limited IPO FAQs
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