MUMBAI, 24 SEPTEMBER, 2025 (GPN/ SACHIN MURDESHWAR 📞 8108510506) : Glottis Limited IPO price band has been fixed in the range of Rs.120 to Rs.129 per equity share of the face value of Rs.2. The Glottis IPO date of subscription is scheduled for Monday, September 29 and will close on Wednesday, October 1. The allocation to anchor investors for the Glottis IPO is scheduled to take place on Friday, September 26.

The floor price is 60 times the face value of the equity shares and cap price is 64.50 times the face value of the equity shares. The Glottis IPO lot size is 114 equity shares and in multiples of 114 equity shares thereafter.

Glottis IPO has reserved not more than 30% of the shares in the public issue for qualified institutional buyers (QIB), not less than 30% for non-institutional Institutional Investors (NII), and not less than 40% of the offer is reserved for retail investors.

Tentatively, Glottis IPO basis of allotment of shares will be finalised on Friday, October 3 and the company will initiate refunds on Monday, October 6 while the shares will be credited to the demat account of allottees on the same day following refund. Glottis share price is likely to be listed on BSE and NSE on Tuesday, October 7.

Glottis Management Team Details:
1. Ramkumar Senthilvel, Promoter & Managing Director, Glottis Limited
2. Kuttappan Manikandan, Promoter & Managing Director, Glottis Limited
3. Ms Rajasree, CFO, Glottis Limited

The Glottis IPO comprises the issuance of new shares valued at Rs.160 crore, with both promoters, Ramkumar Senthilvel and Kuttappan Manikandan, selling 1.1 crore shares through the offer-for-sale method.

It intends to allocate Rs. 132.5 crore of the proceeds from the fresh issue towards acquiring commercial vehicles and containers, while the remainder will be used for general corporate purposes.

Pantomath Capital Advisors is serving as the merchant banker for the Glottis IPO, and Kfin Technologies Ltd. functions as the issue’s registrar.Glottis Limited FY25 revenue from operations was Rs. 941 crores, recording a jump of 89.30% over FY24. During the last three Fiscals, Ocean freight volume increased by 88.74% from 59,417 TEUs in Fiscal 2023 to 112,146 TEUs in Fiscal 2025.As of February 2025, the company has a presence in India with 8 branch offices located in New Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru, and Cochin, along with its registered and corporate offices in Chennai, which serve major transportation hubs.The company has delivered its products to countries including Europe, North America, South America, Africa, the Middle East, and Asia.

Chennai headquartered Glottis Limited is a multi-modal, integrated logistics service provider and a leading freight forwarding player operating in the renewable energy industry. The company which was originally formed as a partnership firm in 2004, delivers end-to-end logistics solutions with multimodal capabilities across verticals to optimize the movement of goods across geographies including ocean freight forwarding, air freight forwarding, road transportation; along with other ancillary services, including warehousing, storage, cargo handling, third-party logistics (3PL) services and custom clearance.