Glottis Limited IPO Details

Introduction

Glottis Limited, incorporated in June 2024 and headquartered in Chennai, has rapidly emerged as one of India’s prominent multi-modal logistics solution providers. Handling over 95,000 TEUs of ocean freight imports in its first year, Glottis now connects global supply chains across 119 countries. The company’s comprehensive offerings—spanning ocean, air, road transport, warehousing, 3PL, and customs—make it an essential partner for clients in energy, technology, infrastructure, and manufacturing. With a growing fleet, an extensive intermediary network, and focus on project cargo, Glottis blends speed, trust, and seamless delivery into every shipment.

IPO Details

Issue Date

29 Sep - 1 Oct'25

Investment/lot

₹14,706

Price Range

₹120-₹129

Lot Size

114

IPO Size

₹307 Cr

Overall Subscription

0.42x

Schedule of Glottis

Start date

29/09/2025

End date

01/10/2025

Allotment of bids

03/10/2025

Refund Initiation

06/10/2025

Listing on exchange

07/10/2025

Glottis IPO Lot Size

Retail (Min)	1	114	₹14,706
Retail (Max)	13	1482	₹1,91,178
HNI (Min)	14	1596	₹2,05,884

Glottis IPO Company Profit & Loss

Parameter	FY25	FY24	FY23
Total Income	942.546	499.391	478.766
Profit Before Tax	75.864	41.560	33.318
profit for the year	56.144	30.958	22.437
EBITDA	78.450	40.358	33.471
EPS (₹)	7.02	3.87	65.92

Business Model

Glottis provides integrated freight solutions via ocean, air, and road, serving both time-sensitive and bulk shipments. Its services include project cargo & FCL, LCL, customs clearance, smart warehousing, inventory management, and third-party logistics (3PL). By managing supply chain complexities for clients in renewable energy, high-tech, and commodities, Glottis leverages Indian logistics hubs through eight branch offices and a robust partner network (171 global agents, 98 shipping lines, 52 transporters, and key customs house agents).

Strengths

• Rapidly scaled operations: 95,000 TEUs handled in FY24, over 1,600 clients yearly
• International network across 119 countries, global partnerships, and multi-sector reach
• Asset ownership: 17 vehicles for flexible road transport, strategic Indian branch offices in key cargo corridors
• Industry emphasis on energy infrastructure/renewables supports aggressive growth
• Experienced management team, technology-driven cargo tracking and documentation.

Risks

• Revenue concentration in the renewable energy sector and ocean freight volumes
• Heavy reliance on third-party intermediaries and partners for service continuity
• Warehousing presence mainly in Tamil Nadu, possibly limiting pan-India reach
• Recurring business concentrated among a few large clients
• Vulnerability to cyclical market shifts and freight rate volatility.

How To Apply for the Online?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs

Q 1: What’s the Glottis IPO subscription window?
September 29 – October 1, 2025; listing slated for October 7.

Q 2: What’s the minimum retail investment?
114 shares per lot, starting ₹14,706 at upper band.

Q 3: What are Glottis’s main business strengths?
Multi-modal logistics, global partnership network, asset-backed operations, consistent cargo growth, and a focus on energy infrastructure projects.

Q 4: How will IPO proceeds be used?
Primarily for purchase of vehicles and containers, plus general corporate purposes.

Q 5: Who are Glottis’s main clients?
A mix of energy, infrastructure, manufacturing, and high-tech companies operating globally.

Q 6: Where can investors check the IPO allotment status?
On Kfin Technologies Ltd site or exchange portals after October 3.