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How to Apply for the Glottis IPO: Step-by-Step Investment Guide

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.

Glottis IPO Details and Objectives

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

Purpose of the IPO

  • 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.

Timeline of Glottis IPO

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.

Pricing & Lot Size of Glottis IPO

  • 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)

Price Band for the IPO

Fixed in a narrow range, between ₹120 and ₹129 per share.

Minimum Lot Size and Application Details

Retail investors can bid with just one lot, while HNI categories scale up significantly.

Glottis IPO Application Process

The application process is the same as other book-building IPOs, carried out online through broker platforms.

Step 1: Login to Your Trading Platform

Step 2: Navigate to the IPO Section

Step 3: Select the Open IPO and Click Apply

Step 4: Enter the Quantity of Shares You Wish to Apply For

Step 5: Provide Your UPI ID

Step 6: Confirm the Application

Step 7: Complete the Process and Wait for IPO Allotment Status

Shares Offered in Glottis IPO

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.

Financial Health and Performance

Key Financial Metrics

  • 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.

Recent Performance and Growth Prospects

  • 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.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • 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.

Opportunities and Growth Potential

  • 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.

Key Performance Indicator (KPI)

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

Glottis IPO Registrar & Lead Managers

Particulars

Details

Registrar

Kfin Technologies Ltd.

Registrar Email

glottisltd.ipo@kfintech.com

Registrar Phone

040-67162222, 040-79611000

Registrar Website

IPO Status Link

Lead Manager

Pantomath Capital Advisors Pvt. Ltd.

Company Address of Glottis Ltd

Glottis Ltd New No. 46, Old No. 311, 1st Floor, Thambu Chetty Street, Chennai, Tamil Nadu – 600001

Conclusion

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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