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Open
29 Sep to 1 Oct, 2025
✓
Close
29 Sep to 1 Oct, 2025
3
Allotment
—
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Listing
Tue, Oct 7, 2025
Price Band
₹120 to ₹129
Issue Size
2,37,98,640 shares (agg. up to ₹307 Cr)
Lot Size
114 Shares
Listing Date
Tue, Oct 7, 2025
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
07-10-2025₹0Est. ₹129+0%
06-10-2025₹0Est. ₹129+0%
05-10-2025₹0Est. ₹129+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.95x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 156.10 | 81.72 | 72.08 |
| Total Income | 942.55 | 499.39 | 478.77 |
| Profit After Tax | 56.14 | 30.96 | 22.44 |
| EBITDA | 78.45 | 40.36 | 33.47 |
| NET Worth | 98.53 | 42.35 | 11.52 |
| Reserves and Surplus | 82.53 | 41.35 | 10.52 |
| Total Borrowing | 22.14 | 8.08 | 30.61 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Om Freight Forwarders Ltd. | Mainboard | ₹122.31 Cr | ₹135 | 19.56 | ₹85.57 | -36.61% | ₹92.48 (-2.83%) |
| Dhillon Freight Carrier Ltd. | SME | ₹10.08 Cr | ₹72 | 10.49 | ₹54.72 | -24.00% | ₹34.50 (-7.01%) |
| BLT Logistics Ltd. | SME | ₹9.72 Cr | ₹75 | 6.84 | ₹95.49 | +27.32% | ₹30.55 (-2.68%) |
| Blue Water Logistics Ltd. | SME | ₹40.50 Cr | ₹135 | 10.12 | ₹148.05 | +9.67% | ₹414.95 (+0.29%) |
| Iware Supplychain Services Ltd. | SME | ₹27.13 Cr | ₹95 | 9.31 | ₹80.90 | -14.84% | ₹513.75 (+5.00%) |
| Rapid Fleet Management Services Ltd. | SME | ₹43.87 Cr | ₹192 | 12.25 | ₹200.90 | +4.64% | ₹184.00 (+2.22%) |
| Paradeep Parivahan Ltd. | SME | ₹44.86 Cr | ₹98 | 7.4 | ₹82.32 | -16.00% | ₹224.80 (+0.83%) |
| PDP Shipping & Projects Ltd. | SME | ₹12.65 Cr | ₹135 | 11.89 | ₹102.85 | -23.81% | ₹50.01 (+0.00%) |
| Tejas Cargo India Ltd. | SME | ₹105.84 Cr | ₹168 | 22.35 | ₹168.00 | +0.00% | ₹385.00 (+1.32%) |
| GB Logistics Commerce Ltd. | SME | ₹25.07 Cr | ₹102 | 12.03 | ₹81.75 | -19.85% | ₹28.87 (+4.98%) |
| Pranik Logistics Ltd. | SME | ₹22.47 Cr | ₹77 | 15.33 | ₹82.95 | +7.73% | ₹44.00 (-2.22%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards purchase of commercial vehicles and containers | 132.54 |
| 2 | General Corporate Purposes | 12.66 |
| 3 | Issue Expenses | 28.39 |
| Total | 173.60 |
About Glottis IPO
Incorporated in June 2024, Glottis Limited is a logistics solutions company that offers comprehensive transportation services through ocean, air, and road logistics. The company provides end-to-end logistics solutions with multimodal capabilities across various sectors, optimizing the movement of goods across different regions. Our services include: Ocean freight forwarding, including project cargo loads and full container loads for both import and export Air freight forwarding for both import and export Road transportation Ancillary services such as warehousing, storage, cargo handling, third-party logistics (3PL), and customs clearance During Fiscal Year 2024, Glottis Limited handled approximately 95,000 TEUs of imports via ocean freight. As of Feb 2025, the company operates in India through 8 branch offices in New Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru, and Cochin, with registered and corporate offices in Chennai, covering major transportation hubs. The company has exported its products to the countries such as Europe, North America, South America, Africa, Middle East and Asia. For the six months ended September 2024 and for Fiscals 2024, 2023, and
Contact Details
Glottis Ltd. AddressNew No.46, Old No.3111st FloorThambu Chetty StreetChennai, Tamil Nadu, 600001+91 444266 5587info@glottislogistics.inVisit Website