IPO Details
Bidding Dates
29 Sept 25 - 01 Oct 25
Price Range ₹
120 - 129
Total Equity
₹ 0.00Cr
Lot Size
114
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
1.42×
Qualified Institutional Buyers
1.87×
Employees
0.00×
Retail Investors
1.42×
Total subscription Rate
2.05×
IPO Timeline
Offer start
29 Sept 2025
Offer end
01 Oct 2025
Allotment
03 Oct 2025
Refund initiation
06 Oct 2025
Demat transfer
06 Oct 2025
Listing
07 Oct 2025
Offer start
29 Sept 2025
Offer end
01 Oct 2025
Allotment
03 Oct 2025
Refund initiation
06 Oct 2025
Demat transfer
06 Oct 2025
Listing
07 Oct 2025
About Company
Glottis Limited, incorporated in June 2024, is a fast-growing logistics solutions company offering comprehensive multimodal transportation services through ocean, air, and road networks. The company provides end-to-end logistics, including ocean and air freight forwarding (imports and exports), road transportation, and value-added ancillary services such as warehousing, storage, cargo handling, third-party logistics (3PL), and customs clearance. During FY2024, it handled about 95,000 TEUs of imports via ocean freight, reflecting its operational scale. Domestically, Glottis operates through eight branch offices across major trade hubs including New Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru, and Cochin, with registered and corporate offices in Chennai. Internationally, the company has built a strong footprint, exporting to markets across Europe, North and South America, Africa, the Middle East, and Asia, and serving over 1,600 customers in FY2024 across more than 100 countries. As of January 2025, its global and domestic network spans 171 overseas agents, 98 shipping lines, 52 transporters, 43 customs house agents, 22 airlines, and 20 consol agents, supported by its fleet of 17 commercial vehicles.
Year Founded
18-04-2022
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.98 | 0 |
| Share Capital | 79984000 | 0 |
Project Details
- Repayment and/or pre-payment, in part or full, of certain borrowings availed by our - 380cr
- Funding capital expenditure requirements of our Company, towards purchase of commercial vehicles and - 132.542cr
Objectives
- Funding of capital expenditure requirements of our Company towards purchase of commercial vehicles and containers
- andGeneral Corporate Purposes.
Highlights
- Strong revenue (+89%) and PAT (+81%) growth, showing rapid scaling.
- Multimodal (ocean, air, road) + value-added services (3PL, warehousing, customs).
- Presence in 119 countries with 171 overseas agents, 98 shipping lines, and ties across industries.
- Strong ROE (57%), ROCE (73%), and low debt-to-equity (0.22).
- Established presence in renewable energy logistics, a fast-growing sector worldwide.
Challenges
- PAT margin (5.97%) and EBITDA margin (8.34%) are modest compared to asset-heavy logistics peers.
- Price-to-Book ratio of 10.47 suggests expensive valuation compared to traditional logistics players.
- Only 17 commercial vehicles, indicating reliance on third-party partnerships potential dependency risk.
- Incorporated in 2024, so limited operational track record compared to established competitors.
- Heavy reliance on international freight makes it vulnerable to geopolitical risks, currency fluctuations, and global trade slowdowns.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 808.98 | 10.00 | 225.71 | 225.71 | 2.8214 |
| 2025 | 1,555.52 | 160.00 | 309.58 | 309.58 | 3.8697 |
| 2023 | 716.73 | 10.00 | 561.44 | 561.44 | 7.018 |
