Aliceblue ANTInstall and trade smarter everywhere
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Glottis Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹129
Per ShareLot Size
114 Shares
Minimum Investment
₹14,706
Issue Size
₹307 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
40%
QIB Quota
30%
NII Quota
30%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
98.98%
Promoter Holding (Post-Issue)
73.36%
Issue Type
Book Building
ISIN
INE0TQE01026
Our Company delivers end-to-end logistics solutions with multimodal capabilities across verticals to optimize the movement of goods across geographies including (i) ocean freight forwarding; (ii) air freight forwarding; (iii) road transportation; along with other ancillary services, including warehousing, storage, cargo handling, thirdparty logistics ("3PL") services and custom clearance, among others. We have handled ~112,146 TEUs of imports through ocean during the Fiscal 2025. For further details, and break up of our segment wise Revenue from Operations during Fiscal 2025, 2024 and 2023 along with a percentage of Revenue from Operations.
Indian ocean freight market has expanded from US$ 4.5B in FY19 to US$ 7.8B in FY24 and is projected to reach US$ 13.9B by FY29, with a robust CAGR of 11.9% over FY24-29. The Indian freight forwarding market has experienced steady growth, rising from US$ 6.2B in FY19 to US$ 10.1B in FY24, and is expected to reach US$ 17.0B by FY29, growing at a CAGR of 10.9% over FY24-29. With India's growing and diversifying economy, the demand for efficient and reliable freight forwarding services has significantly increased.
Revenue, profit after tax and total assets for the last reported financial year.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of up to 23,798,741 equity shares of face value of Rs. 2/- each ("Equity Shares") of the company for cash at a price of Rs. 129 per equity share (Including a Share Premium of Rs. 127 per Equity Share) ("Offer Price") aggregating up to Rs. 307.00 crores (the "Offer") comprising a fresh issue of up to 12,403,101 equity shares of face value of Rs. 2/- each aggregating up to Rs. 160.00 crores by the company (the "Fresh Issue") and an offer for sale of up to 11,395,640 equity shares of face value of Rs. 2/- each, comprising up to 5,697,820 equity shares of face value of Rs. 2/- each aggregating up to Rs. 73.50 crores by Ramkumar Senthilvel and up to 5,697,820 equity shares of face value of Rs. 2/- each aggregating up to Rs. 73.50 crores by Kuttappan Manikandan ("the Selling Shareholders" or "Promoter Selling Shareholders") ("Offer for Sale"). The offer constituted 25.76% of the post-offer paid-up equity share capital. Price Band: Rs. 120/- to Rs. 129/- for equity share of face value of Rs. 10 each. The floor price is 12.00 times times the face value and cap price is 12.90 times of the face value of the equity shares. Bids can made for a minimum of 114 equity shares and in multiples of 114 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Glottis Limited (our "Company" or the "Issuer") was originally formed as a partnership firm under the name `Glottis' pursuant to a deed of partnership dated June 24, 2004, executed between our Promoters, namely, Ramkumar Senthilvel and Kuttappan Manikandan. Subsequently, our Promoters entered into a fresh partnership deed dated June 19, 2006 for registering the erstwhile partnership firm, Glottis with the Registrar of Firms, pursuant to which a certificate dated June 19, 2006 bearing number FR/Chennai North/249/2006 was issued by the Registrar of Firms. Pursuant to a resolution passed by the partners of the erstwhile partnership firm, Glottis, at their meeting held on January 31, 2022, the partnership firm was converted into a private limited company under the Companies Act, 2013. Subsequent to such conversion, pursuant to a certificate of incorporation dated April 18, 2022, issued by the Deputy Registrar of Companies, Central Registration Centre, our Company was incorporated as a private limited company under the name and style of `Glottis Private Limited'. Our Company was converted into a public limited company pursuant to a resolution passed by the Board of Directors at its meeting held on February 15, 2024 and by the Shareholders at an Extraordinary General Meeting held on February 16, 2024 and a fresh certificate of incorporation dated May 14, 2024 was issued by the Registrar of Companies, Central Processing Centre. Consequent to the conversion of our Company, the name of our Company was changed to `Glottis Limited'.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY26.