Glottis Limited launched its initial public offering (IPO) for public bidding today, September 29, with the issue subscribed 8 per cent so far, as per provisional exchange data. The logistics solutions provider aims to raise Rs 307 crore from the public offering.
Glottis IPO subscription status:
By noon, investors have bid for 16.17 lakh shares out of the total 2.01 crore shares on offer, with Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) subscribing 0.14 times, 0.03 times and 0.06 times, respectively.
In terms of shares, QIBs have bid for 3.87 lakh shares, NIIs have bid for 2.31 lakh shares, and RIIs have bid for 9.98 lakh shares out of their respective allotted portion so far.
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Glottis IPO details:
The IPO is a book-built issue of Rs 307 crore, comprising a fresh issue of Rs 160 crore and an offer-for-sale (OFS) of Rs 147 crore. The price band of shares is fixed at Rs 120 to Rs 129 apiece with a face value of Rs 2 per equity share.
The issue has 28.13 lakh shares reserved for the QIBs quota, 74.18 lakh shares allotted for the NIIs category and 98.91 lakh shares reserved for the RIIs portion.
The company plans to utilise the IPO proceeds for funding capital expenditure and for general corporate purposes.
Price band: Rs 120 to Rs 129 per equity share
Face value: Rs 2 per equity share
Subscription date: September 29 to October 1, 2025
Lot size: 114 shares, with a minimum application amount of Rs 14,706
Allotment date: October 3, 2025
Listing date: October 7, 2025
Company profile:
Founded in 2004, Glottis Limited is an Indian integrated logistics and supply chain solutions provider, offering services across air, ocean, and road freight, alongside warehousing, customs clearance, and third-party logistics (3PL) for domestic and international clients, particularly specialising in the energy sector.
Financially, the company reported revenue of Rs 942.55 crore and Profit After Tax (PAT) of Rs 56.14 crore in FY25.
