Summary of this article
Glottis IPO GMP hints at a debut with modest listing gains. The current GMP of Rs 12 hints at a listing price of Rs 141 apiece.
Glottis IPO GMP: Glottis Ltd IPO (Glottis IPO) subscription window opened on September 29. The logistics solutions provider’s public issue saw modest investor interest on the first day of bidding. Here’s a look at some key details applicants should know before applying for Glottis IPO:
Glottis IPO GMP
Glottis’ unlisted shares are commanding a grey market premium (GMP) is Rs 12 per share according to multiple websites that monitor the movement of unlisted shares in the grey market. Given the GMP of Rs 12, shares of Glottis Ltd are expected to list at Rs 141 apiece, indicating a modest premium of 9.3 per cent.
Glottis IPO Subscription
On the first day of subscription Glottis IPO was booked 30 per cent cumulatively receiving applications for over 6.38 million shares compared to the 20.12 million shares on offer. Retail individual investors placed bids for 1.97 million shares of Glottis Ltd against the 9.89 million shares reserved for the category, leading to the issue being booked 20 per cent in the retail category. Qualified institutional buyers applied for 3.48 million shares compared to 2.81 million shares set aside for the category. Glottis IPO was booked 1.24 times in the QIB category. Non-institutional investors applied for 9,29,556 shares of Glottis Ltd compared to the 7.41 million shares reserved for them. Glottis IPO was subscribed 13 per cent in the NII category.
Glottis IPO Offer Size, Listing Date, Price Band
Glottis IPO issue size aggregates to Rs 307 crore. The logistics provider’s public issue includes a fresh issuance of 12.4 million shares aggregating to Rs 160 crore and an offer for sale of 11.4 million shares amounting to Rs 147 crore.
Glottis IPO price band has been fixed at Rs 120 to Rs 129 per share. Retail Individual Investors (RIIs) can apply for the logistics company’s public issue by placing bids for 114 shares or 1 lot aggregating to an investment of Rs 14,706.
The logistics company will declare the share allotment status on October 3. Successful applicants will receive shares of Glottis in their demat accounts on October 6. Shares of Glottis will tentatively list on the BSE and NSE. Glottis Ltd shares will tentatively list on October 7.
Glottis: Key Financials
In the fiscal ended March 31, 2025 Glottis’ total income stood at Rs 942.55 crore rising by over 88 per cent compared to Rs 499.39 crore in the preceding fiscal. The profit-after-tax of the company for the fiscal under review grew by over 81 per cent to Rs 56.14 crore compared to Rs 30.96 crore in the preceding fiscal. Glottis net worth also increased by more than 132 per cent to Rs 98.53 crore in the fiscal ended March 31, 2025 compared to Rs 42.35 crore in the financial year ended March 31, 2024.
Glottis IPO: Reservation
Glottis Ltd has set aside 30 per cent for the qualified institutional buyer category, 30 per cent for the non-institutional investor category and 40 per cent of the net issue for retail investors.
Glottis IPO: Registrar
The book running lead manager for Glottis IPO is Pantomath Capital Advisors Pvt Ltd and the registrar for the issue is Kfin Technologies Ltd.
Glottis: Promoters
Glottis Ltd’s promoters include Ramkumar Senthilvel and Kuttappan Manikandan. The promoters of the logistics company held 98.98 per cent stake in the company prior to the issue.
Glottis IPO: Objective
Glottis aims to use the proceeds of the public issue for purchasing commercial vehicles and containers; and for other general corporate purposes.
About Glottis Ltd
Glottis Ltd provides logistics solutions and comprehensive transportation services through ocean, air, and road logistics. The company also provides end-to-end logistics solutions.
