
Logistics · NSE / BSE
Glottis Limited, incorporated in June 2024, is a logistics solutions provider offering a full range of transportation services across ocean, air, and road networks. The company delivers end-to-end multimodal logistics solutions, including freight forwarding, warehousing, cargo handling, 3PL, and customs clearance, serving diverse sectors and regions. In FY 2024, it handled about 95,000 TEUs of ocean imports, highlighting its strong operational scale. Headquartered in Chennai with eight branch offices in key cities like New Delhi, Mumbai, and Kolkata, Glottis has built a global presence, exporting to regions such as Europe, North and South America, Africa, the Middle East, and Asia. Its customer base has steadily expanded, serving 1,246 clients in the six months ended September 2024, and over 1,600 in FY 2024, across more than 100 countries. The company’s robust network includes 171 overseas agents, 98 shipping lines, 52 transporters, 43 customs house agents, 22 airlines, and 20 consol agents, along with 17 owned commercial vehicles, giving it the capacity to meet growing demand and capitalize on large-scale opportunities in the logistics industry.
Price Band
₹120 – ₹129
Issue Size
₹307 Cr
Lot Size
114 shares
GMP
Est. Listing
₹129
at current GMP
Subscribed
2.12x
overall
Open
29 Sep 2025
Close
1 Oct 2025
Allotment
3 Oct 2025
Refund
4 Oct 2025
Demat Credit
5 Oct 2025
Listing
7 Oct 2025
Designated Registrar: Kfin Technologies Limited
Allotment Date
3 Oct 2025
Basis finalization
Refunds Initiate
4 Oct 2025
Mandate release
Demat Credit
5 Oct 2025
Shares in demat
Listing Debut
7 Oct 2025
Trading begins
Glottis Limited is bringing an initial public offering (IPO) in the Logistics sector with an aggregate issue size of ₹307 Crores. The shares are offered at a price band of ₹120 to ₹129 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 114 shares (approx. ₹14,706 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-10-05, while un-allotted funds or UPI block mandates will be released on 2025-10-04.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.