Glottis Limited came to market through an IPO that opened on 29 September 2025 and closed on 1 October 2025, and the shares listed on 7 October 2025 on BSE, NSE. The price band was ₹120 to ₹129 per share and one lot was 114 shares, so the minimum application was ₹14,706. The issue size was ₹307 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Kfin Technologies Ltd was the registrar to the issue, and Pantomath Capital Advisors Pvt Ltd was the lead manager.
As of 1 October 2025.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Established in June 2024, Glottis Limited specializes in logistics solutions across complete transportation services by ocean, air, and land logistics. The organization is engaged in end-to-end multimodal logistics solutions across different industries, ensuring the most efficient movement of goods between regions. Our portfolio comprises:
Ocean freight forwarding, involving project cargo volumes as well as full container loads both import and export Air freight forwarding both import and export Road transport Ancillary operations like warehousing, storage, cargo handling, third-party logistics (3PL), and customs clearanceGlottis Limited processed about 95,000 TEUs of imports through ocean freight during Fiscal Year 2024.
The company has a presence in India as of Feb 2025 by way of 8 branch offices in New Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru, and Cochin, and registered and corporate offices in Chennai, spread over major transportation hubs.The products of the company have been exported to the nations like Europe, North America, South America, Africa, Middle East and Asia.During the six months ended September 2024 and Fiscals 2024, 2023, and 2022, the company has served 1,246, 1,662, 1,513, and 1,476 customers in 119, 100, 87, and 85 countries, respectively.
As of January 10, 2025, the company has 171 foreign agents, 98 shipping lines, 52 transporters, 43 customs house agents, 22 airlines, and 20 consol agents, established based on long-term relationships.As of January 10, 2025, the company possesses 17 commercial vehicles. Our large vehicle and agency network enables us to expand with growing demand and capture large business opportunities.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|
Glottis IPO: Anchor investors select Rs 55.3 crore worth of shares. Meru Investment Fund was the highest amongst them investor, buying 11.6 lakh shares for Rs 15 crore, followed by LC Pharos Multi Strategy Fund, and VPK Global Ventures Fund that bought 7.75 lakh shares each for Rs 10 crore. Abans Finance, M7 Global Fund, The Asio Fund, and Sunrise Investment Opportunities Fund were few of the other investors in the anchor book.
Ramkumar Senthilvel, Kuttappan Manikandan. Promoter holding 98.98% before the issue.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Glottis IPO was a ₹307 crore book-built issue, comprising a fresh issue of ₹160 crore and an offer for sale of ₹147 crore. It was priced at ₹120–₹129 per share with a lot size of 114 shares (₹14,706). The IPO was open from September 29 to October 1, 2025 and was subscribed 2.12x. Shares listed on BSE and NSE on October 7, 2025 at ₹84, a 34.9% discount to the issue price of ₹129. Kfin Technologies Ltd is the registrar.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Glottis IPO is ₹120 to ₹129 per share.
The lot size of Glottis IPO is 114 shares.
The minimum investment for Glottis IPO is approximately ₹14,706 based on the upper price band.
The allotment date of Glottis IPO is Oct 3, 2025.
Glottis IPO listed on Oct 7, 2025. It was issued at ₹84.0(NSE) and is currently around ₹55.01 as on 2-Nov-2026 3:30 PM, which is approximately -57.4% versus issue price. The 52-week high is ₹74.41.
You can check Glottis IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Glottis IPO allotment status on Rupix for quick and easy access.
₹120 to ₹129 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 114 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,706.
₹14,706, for one lot of 114 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 29 September 2025 and closed on 1 October 2025.
The basis of allotment was published on 3 October 2025 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 7 October 2025 on BSE, NSE.
The issue size was ₹307 crore. The fresh issue was 1,24,03,100 shares (aggregating up to ₹160 crore). The offer for sale was 1,13,95,640 shares (aggregating up to ₹147 crore).