Glottis Limited is a Chennai-based logistics solutions company offering comprehensive multimodal transportation services across ocean, air, and road networks. With over two decades of industry experience, the company provides end-to-end logistics solutions that optimize the movement of goods across regions and sectors.
🚢 Services Offered:
- Ocean Freight Forwarding – project cargo, full container loads (FCL), and less-than-container loads (LCL) for both imports and exports.
- Air Freight Forwarding – import and export cargo solutions.
- Road Transportation – nationwide connectivity for last-mile and inland logistics.
- Ancillary Services – warehousing, storage, cargo handling, third-party logistics (3PL), customs clearance, and supply chain support.
n FY24, Glottis Limited handled around 95,000 TEUs of ocean freight imports, serving a growing global base. The company catered to 1,246 customers across 119 countries in the six months ended September 2024, with its client reach steadily expanding from 1,476 customers in 85 countries (FY22) to 1,662 customers in 100 countries (FY24).
Glottis Limited operates 8 branch offices across India with its headquarters in Chennai, covering key transportation hubs.
Glottis Limited has built a strong global network, partnering with 171 overseas agents, 98 shipping lines, 52 transporters, 43 customs house agents, 22 airlines, and 20 consol agents (as of Jan 2025), enabling exports across Europe, the Americas, Africa, the Middle East, and Asia.
Owns 17 commercial vehicles, complemented by a vast agency and partner network, enabling scalability and handling of large projects.
Glottis IPO – Details
| IPO Opening Date | 29 September 2025 |
| IPO Closing Date | 01 October 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 2,37,98,740 Shares Worth ₹307.00 Crore Fresh Issue: 1,24,03,100 Shares Worth ₹160.00 Crore Offer For Sale: 1,13,95,640 Shares Worth ₹147.00 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹120 – ₹129 per share |
| Market Lot | 114 Shares |
| Min Order | 114 Shares [ 1 Lot ] |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 30% |
| NII (HNI) Shares Offered | 30% |
| Retail Shares Offered | 40% |
Glottis IPO – Date Schedule
| IPO Open Date | 29 September 2025 |
| IPO Close Date | 01 October 2025 |
| Basis of Allotment | 03 October 2025 |
| Initiation of Refund | 06 October 2025 |
| Credit of Shares to Demat Account | 06 October 2025 |
| IPO Listing Date | 07 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 01, 2025 |
Glottis IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 114 | ₹14,706 |
| Retail (Max) | 13 | 1,482 | ₹1,91,178 |
| S-HNI (Min) | 14 | 1,596 | ₹2,05,884 |
| S-HNI (Max) | 67 | 7,638 | ₹9,85,302 |
| B-HNI (Min) | 68 | 7,752 | ₹10,00,008 |
Competitive Strength
- One of the leading freight forwarding players operating in the Renewable Energy Industry.
- Wide network of Intermediaries coupled with optimum utilisation of our asset portfolio.
- Scaled multimodal logistics operations with capabilities of handling diverse projects.
- Longstanding relationship with a diverse set of customers across industries.
- Widespread international presence.
- Skilled and experienced management team with relevant industry experience.
Company Promoters
- Ramkumar Senthilvel
- Kuttappan Manikandan
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹478.77 Cr | ₹445.45 Cr | ₹22.44 Cr | ₹30.61 Cr |
| 31 March 2024 | ₹499.39 Cr | ₹457.83 Cr | ₹30.96 Cr | ₹8.08 Cr |
| 31 March 2025 | ₹942.55 Cr | ₹866.68 Cr | ₹56.14 Cr | ₹22.14 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 56.98% |
| ROCE | 72.58% |
| Debt/Equity | 0.22 |
| RoNW | 56.98% |
| PAT Margin | 5.97% |
| EBITDA Margin | 8.34% |
| Price to Book Value | 10.47 |
| Pre IPO | Post IPO | |
| EPS (₹) | 7.02 | 6.08 |
| P/E (x) | 18.38 | 21.23 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Funding of capital expenditure requirements of our Company towards purchase of commercial vehicles and containers; and | ₹132.54 |
| General corporate purposes. |
Glottis IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 2 | Allcargo Logistics Limited | 17.95 |
| 2 | 2 | Transport Corporation of India Limited | 25.60 |
✅Strengths
- trong in renewable energy logistics.
- End-to-end multimodal services with warehousing & 3PL.
- Wide global network across 100+ countries.
- Asset-light model with selective owned vehicles.
- Consistent growth & profitability.
- Experienced promoters & management.
⚠️Risks
- Dependence on third-party intermediaries.
- Limited owned assets may restrict control.
- Past regulatory & compliance lapses.
- Group company overlap may cause conflicts.
- High debt levels vs peers.
- IPO carries market & price risks.
Glottis IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 74.23% |
Glottis IPO Prospectus
Company Contact Information
| Glottis Ltd. New No. 46, Old No. 311 1st Floor Thambu Chetty Street Chennai, Tamil Nadu, 600001 Phone: +91 444266 5587 Email: info@glottislogistics.in Website: https://www.glottislogistics.in/ |
Glottis IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: glottisltd.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Glottis IPO Lead Manager(s)
| 1. Pantomath Capital Advisors Pvt.Ltd. |
Glottis IPO FAQs
| What is Glottis IPO? Glottis IPO is a main-board IPO. The issue is priced at ₹120 to ₹129 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will Glottis IPO open? The IPO is to open on 29 September 2025 for QIB, NII, and Retail Investors. |
| What is Glottis IPO Investors Portion? The investors’ portion for QIB – 30%, NII – 30%, and Retail – 40%. |
| What is Glottis IPO Size? Glottis IPO size is ₹307.00 Crore. |
| What is the Glottis IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 114 Shares with ₹14,706, while the maximum bid is 1482 Shares with ₹1,91,178. |
| What is the Glottis IPO Allotment Date? Glottis IPO allotment date is 03 October 2025. |
| What is the Glottis IPO Listing Date? Glottis IPO listing date is 07 October 2025. The IPO is to be listed on BSE and NSE. |
