India’s freight market is booming, growing from USD 6.2 Billion in FY19 to an expected USD 17.0 Billion by FY29. With this rising demand for smooth logistics, Glottis is stepping in with its IPO this September. Let’s get into more details in this blog.
Glottis IPO Details
The Glottis IPO is opening soon in September. Check all the Glottis IPO details here:
| IPO Start Date | 29 September 2025 |
| End Date | 1 October 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹120 – ₹129 Per Share |
| Issue size | ₹307.00 Cr |
| Lot size | 114 Shares |
| Sale Type | Fresh capital cum offer-for-sale |
| Offer for Sale | ₹147.00 Cr |
| Fresh Issue | ₹160.00 Cr |
| Issue Type | Book Built Issue |
| Listing At | NSE, BSE |
| Total Issue Size (₹ Cr) | ₹307.00 Cr |
| Reserved for Market Maker | NA |
| Net Offered to Public | NA |
| Minimum Investment | ₹14,706 |
| Retail Discount | NA |
Glottis IPO Timeline
The Glottis IPO timeline is explained in the table below:
| IPO Open Date | 29 September 2025 |
| IPO End Date | 1 October 2025 |
| Allotment (tentative) | 3 October 2025 |
| Initiation of Refunds | 6 October 2025 |
| Credit of Shares | 6 October 2025 |
| Tentative Listing Date | 7 October 2025 |
| Cut-off Time for UPI Mandate Confirmation | 1 October 2025 |
Glottis IPO Grey Market Premium (GMP)
The Glottis IPO GMP today is not disclosed. The Glottis IPO price is also given below:
| Date | GMP (₹) | Estimated Listing Price |
| 25 Sept 2025 | Undisclosed | ₹120 to ₹129 |
Glottis IPO Reservation
The following table highlights the Glottis IPO reservation quota:
| Category | %Shares Offered |
| QIB | Minimum 30% |
| NII (HNI) | Maximum 30% |
| Retail Shares Offered | Maximum 40% |
| Total | 100% |
Glottis IPO Key Performance Indicators
Here are the important Glottis’ KPIs:
| KPI | Values |
| ROE | 56.98% |
| ROCE | 72.58% |
| Debt to Equity Ratio | 29.00 |
| RoNW | 56.98% |
| PAT Margin | 5.97% |
| EBITDA Margin | 8.34% |
| Price to Book Value | 10.47 |
Glottis IPO Financials
Here’s how the Glottis’ key financials look like from the last three fiscal years.
(₹ in million)
| Particulars | Fiscal 2025 | Fiscal 2024 | Fiscal 2023 |
| Revenue from Operations | 9,411.73 | 4,971.77 | 4,782.73 |
| Total Assets | 1,561.00 | 817.22 | 720.78 |
| Profit / (Loss) After Tax | 561.44 | 309.58 | 224.37 |
Glottis IPO Lot Size
For the Glottis IPO, each lot size consists of 114 shares. See the lot size and minimum investment amount:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 114 | ₹14,706 |
| Retail (Max) | 13 | 1,482.00 | ₹1,91,178 |
| S-HNI (Min) | 14.00 | 1,596.00 | ₹2,05,884 |
| S-HNI (Max) | 67.00 | 7,638.00 | ₹9,85,302 |
| B-HNI (Min) | 68.00 | 7,752.00 | ₹10,00,008 |
Glottis IPO Promoter Holding
The Glottis IPO has the following shareholdings:
| Promoter Holding Pre-Issue | 98.98% |
| Promoter Holding Post Issue | – |
The promoters of Glottis are:
- Ramkumar Senthilvel
- Kuttappan Manikandan
Glottis IPO Anchor Investors Details
Let’s look at the anchor investor details of the Glottis IPO:
| Bid Date | 26 September 2025 |
| Shares Offered | Undisclosed |
| Anchor Portion Size (In Cr.) | Undisclosed |
| The lock-in for 50% of anchor shares (30 Days) ends on | 30 Oct 2025 |
| The lock-in for the remaining anchor shares (90 Days) ends on | 29 Dec 2025 |
Glottis IPO Prospectus
See these official documents of Glottis:
About Glottis
Established in 2004, Glottis is a logistics and freight forwarding service company. The company focuses on ocean shipping and supports industries such as clean energy, engineering projects, and everyday consumer products. Ramkumar Senthilvel, 47, is the Promoter and Managing Director of the company. A commerce graduate from the University of Madras, he first joined as a partner in the old Glottis firm back in June 2006. With more than 18 years in logistics, Ramkumar has been a driving force behind the company’s journey.
In FY25, the company managed around 112,146 TEUs of ocean imports, backed by its wide network of global freight partners. This experience has sharpened its skills in moving specialized goods for the renewable energy sector. With the ability to handle tough cargo and scale up volumes, the company has earned recognition across the industry.
Here’s the breakdown of their financials:
| Fiscal Year | Amount earned from services (₹ in million) | % of Revenue from Operations |
| 2025 | 4,474.29 | 47.54 |
| 2024 | 2,108.82 | 42.42 |
| 2023 | 622.44 | 13.01 |
Objectives of the Glottis IPO:
Let’s see how Glottis plans to use these proceeds:
| Particulars | Estimated Amount (₹ in million) |
| Purchase of commercial vehicles & containers | 1,325.42 |
| General corporate needs | Undisclosed |
| Total | Undisclosed |
Strengths Of Glottis IPO:
- Can do Tough Jobs: The company can manage complex and multimodal logistics.
- Well-Known in Green Energy: Over time, it has become a leading player in renewable energy transport.
- Efficient Use of Assets: Smart handling of resources and intermediary networks keeps operations smooth and cost-friendly.
- Global Reach: A presence across different countries adds credibility and shows steady growth.
Risk of Glottis IPO:
- Heavy Focus on Green Sector: With major revenue tied to renewable energy, any slowdown there could impact stability.
- Too much ocean focus: Since a big chunk of business rides on ocean freight, price changes and market swings can hit harder.
- Warehousing gaps: Most storage space is in Tamil Nadu, which means reaching other regions gets tricky.
- Relying on partners: If third-party collaborators face hiccups, everyday operations might slow down.
Other Recent IPO List
| Fabtech Technologies IPO | Solarworld Solutions IPO |
| Om Metallogic IPO | Jinkushal Industries IPO |
| VijayPD Ceuticals IPO | Atlanta Electricals IPO |
| Seshaasai Technologies IPO | VMS TMT IPO |
Conclusion
Glottis Limited makes transport easier for businesses. Glottis really does it all, from massive project cargo to full containers, import–export work, and even regular road deliveries. On top of that, they’ve got warehousing, storage, customs help, and 3PL support covered. With years of hustle in a competitive space, they’ve earned their name, and that’s exactly why their IPO looks exciting to watch.
FAQs
Glottis is a logistics solutions company offering ocean, air and road transport. It is launching on September 29, 2025 and will close on October 1, 2025.
Log in to your Zerodha account, go to the IPO / bids area on Console or Kite, locate the Glottis IPO, enter the bid quantity and price, then confirm the application and complete payment via the bank/UPI method. Keep your demat details ready and follow Zerodha’s on-screen steps to finish the bid.
The Glottis IPO opens on September 29, 2025, and closes on October 1, 2025. Its tentative allotment date is 3 October, 2025, and the listing date is 7 October, 2025.
The Glottis IPO lot size is 114 shares. The Glottis IPO share price band is between ₹120 and ₹129 per share. This means the minimum investment for a retail investor shall be ₹14,706 per lot.
Make sure you have a demat account and an active broker account, pick a broker platform, search for “Glottis IPO”, enter the number of lots you want, and submit the bid with payment authorization. After submission, check your broker’s IPO section for Glottis IPO subscription status and allotment updates.
The tentative allotment date for the Glottis IPO is Friday, 3 October 2025.
The tentative listing date for the Glottis IPO is Tuesday, 7 October 2025.
