Who is the CEO of Glottis Ltd?
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The promoters are Ramkumar Senthilvel and Kuttappan Manikandan.
Glottis Limited, incorporated in June 2024, has quickly positioned itself as a player in integrated logistics. Its offerings span ocean freight, air freight, and road transportation, backed by ancillary services like warehousing, customs clearance, and third-party logistics (3PL). In FY24, it handled around 95,000 TEUs of imports via ocean freight, a scale that highlights its operational reach.
The company’s business model is built on combining in-house infrastructure with a wide network of intermediaries. With 171 overseas agents, 98 shipping lines, and 22 airlines as partners, Glottis supports cargo movement across multiple geographies. Its footprint includes eight branch offices in India’s key trade hubs, while clients range from renewable energy firms to consumer businesses. The Glottis IPO marks its step into public markets, aimed at expanding capacity and funding new assets.
Particulars | Details |
IPO Size | ₹307.00 crore |
Fresh Issue | ₹160.00 crore (1.24 crore shares) |
Offer for Sale | ₹147.00 crore (1.14 crore shares) |
Issue Type | Book Building IPO |
Price Band | ₹120 – ₹129 per share |
Face Value | ₹2 per share |
Lot Size | 114 shares |
Listing | BSE, NSE |
Pre-Issue Shareholding | 8.00 crore shares |
Post-Issue Shareholding | 9.24 crore shares |
Funding capital expenditure for commercial vehicles and containers (₹132.54 crore).
General corporate purposes.
The IPO proceeds are largely targeted at expanding fleet and container capacity, while a smaller portion is reserved for corporate needs.
Event | Date |
IPO Opens | September 29, 2025 |
IPO Closes | October 1, 2025 |
Allotment Finalization | October 3, 2025 |
Refunds Initiation | October 6, 2025 |
Credit to Demat | October 6, 2025 |
Tentative Listing | October 7, 2025 |
The subscription window is short, with allotment and listing scheduled within a week of closure.
Price Band: ₹120 – ₹129 per share
Lot Size: 114 shares
Retail Minimum: 1 lot (₹14,706)
Retail Maximum: 13 lots (₹1,91,178)
sNII Minimum: 14 lots (₹2,05,884)
bNII Minimum: 68 lots (₹10,00,008)
Fixed in a narrow range, between ₹120 and ₹129 per share.
Retail investors can bid with just one lot, while HNI categories scale up significantly.
The application process is the same as other book-building IPOs, carried out online through broker platforms.
The offer structure ensures participation across investor categories.
Investor Category | Shares Offered (Approx.) | % of Offer |
QIB | 71,39,622 | Not more than 30% |
Retail | 95,19,496 | Not less than 40% |
NII | 71,39,622 | Not less than 30% |
The allocation follows SEBI guidelines for mainboard IPOs, with a larger slice earmarked for retail investors.
Revenue jumped from ₹499.39 crore in FY24 to ₹942.55 crore in FY25.
PAT grew 81% YoY, reaching ₹56.14 crore in FY25.
Net worth rose sharply to ₹98.53 crore in FY25.
Borrowings increased to ₹22.14 crore, though leverage remains moderate with a debt/equity of 0.22.
EBITDA margin expanded to 8.34%, while PAT margin stood at 5.97% in FY25.
Client count and global coverage continue to rise, with presence in over 119 countries.
The fleet expansion plan, funded by IPO proceeds, indicates an intent to handle larger cargo volumes.
Exposure to global trade cycles and freight rate fluctuations.
Rising competition in multimodal logistics from established players.
Dependency on international intermediaries for network strength.
Margins, though improving, remain sensitive to global shipping volatility.
Strong growth in India’s logistics sector, backed by government-led infrastructure projects.
Expanding renewable energy industry, where Glottis already has a foothold.
Established client base across industries and geographies.
Planned capital expenditure to increase owned assets, reducing reliance on third parties.
KPI | Values |
Market Capitalization | ₹1,192.00 Cr |
ROE | 56.98% |
ROCE | 72.58% |
Debt/Equity | 0.22 |
RoNW | 56.98% |
PAT Margin | 5.97% |
EBITDA Margin | 8.34% |
Price to Book Value | 10.47 |
EPS (Pre-Issue) | ₹7.02 |
EPS (Post-Issue) | ₹6.08 |
P/E (Pre-Issue) | 18.38x |
P/E (Post-Issue) | 21.23x |
Particulars | Details |
Registrar | Kfin Technologies Ltd. |
Registrar Email | glottisltd.ipo@kfintech.com |
Registrar Phone | 040-67162222, 040-79611000 |
Registrar Website | |
Lead Manager | Pantomath Capital Advisors Pvt. Ltd. |
Glottis Ltd New No. 46, Old No. 311, 1st Floor, Thambu Chetty Street, Chennai, Tamil Nadu – 600001
Phone: +91 444266 5587
Email: info@glottislogistics.in
Website: www.glottislogistics.in
Glottis Ltd has built its presence around multimodal logistics, covering ocean, air, and road freight with supporting services like warehousing and customs clearance. Its wide network of intermediaries and overseas agents strengthens its global reach.
The IPO proceeds will fund asset purchases, mainly vehicles and containers, and support corporate purposes. With strong revenue growth and expanding operations, the company is stepping into the public market with scale and industry positioning, while operating in a sector with both opportunities and competitive pressures.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Glottis IPO allotment status.
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The promoters are Ramkumar Senthilvel and Kuttappan Manikandan.
The IPO opens on September 29, 2025, and closes on October 1, 2025.
Glottis provides multimodal integrated logistics solutions including ocean, air, and road freight, along with ancillary services. Sustainability depends on trade volumes, operational efficiency, and industry demand.
₹307 crore, including ₹160 crore fresh issue and ₹147 crore offer for sale.
Pre-apply allows investors to submit IPO applications before the official opening date, subject to UPI confirmation.
1 lot = 114 shares. Minimum investment for retail is 1 lot (₹14,706).
Tentative allotment date is October 3, 2025.
Kfin Technologies Ltd.
No governance issues have been highlighted in the RHP.
Login to your broker platform, select IPO, enter bid details, provide UPI ID, and confirm application.
Yes, a Demat account is required.
Allotment status can be checked on the registrar’s website after finalization.
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