Glottis IPO Set to Open on September 29: All You Need to Know

Glottis Limited is launching its Initial Public Offering (IPO) through the book-building route, aiming to raise a total of ₹307 crore. The issue comprises:

• Fresh Issue: 1.24 crore equity shares aggregating to ₹160 crore
• Offer for Sale (OFS): 1.14 crore equity shares aggregating to ₹147 crore

Glottis IPO Timeline

• Subscription Opens: September 29, 2025
• Subscription Closes: October 1, 2025
• Basis of Allotment Finalisation: October 3, 2025
• Tentative Listing Date: October 7, 2025
• Exchanges: BSE and NSE
• Price Band: ₹120 – ₹129 per share
• Market Lot: 114 shares per lot
• Minimum Retail Investment: ₹14,706

Use of IPO Proceeds

The net proceeds from the fresh issue will be primarily utilised for:

1. Capital Expenditure: Procurement of commercial vehicles and containers to strengthen logistics infrastructure
2. General Corporate Purposes

About Glottis Limited

Incorporated in June 2024, Glottis Limited is a full-stack logistics solutions provider offering multimodal transportation services across ocean, air, and road. The company caters to a diverse range of industries by optimising the movement of goods across domestic and international routes.

• Ocean Freight Forwarding: Includes full container loads (FCL), project cargo, import & export services
• Air Freight Forwarding: Import and export logistics via air
• Road Transportation: Domestic cargo movement
• Ancillary Services: Warehousing, storage, cargo handling, customs clearance, and 3PL (third-party logistics)

Also Read: Upcoming IPO: Medicap Healthcare Filed DRHP with SEBI to Float ₹240 Crore IPO

In FY 2024, the company successfully handled approximately 95,000 TEUs (Twenty-foot Equivalent Units) of ocean import cargo, underlining its operational scale and capabilities.

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