Glottis IPO Day 1: Check Subscription Status, Key Highlights, and More
The Initial Public Offering (IPO) of Glottis Limited, a logistics service provider, opened for subscription today, September 29, 2025. The company aims to raise ₹307 crore through a combination of a fresh issue and an offer for sale.
Glottis IPO: Issue Details
Glottis IPO is a book-building issue of ₹307 crore, comprising a fresh issue of 160 crore shares and an offer for sale (OFS) of ₹147 crore.
The price band is set between ₹120 and ₹129 per share. The basis of allotment will be finalised by October 3, 2025, and the tentative listing date on BSE and NSE is October 7, 2025.
Glottis IPO Day 1 Subscription Status
[29-September-2025 11:12:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
Nil |
|
Non-Institutional Investors |
0.02 |
|
Retail Individual Investors (RIIs) |
0.07 |
|
Total |
0.04 |
Utilisation of IPO Proceeds
The net proceeds from the fresh will be used to:
- Fund capital expenditure requirements towards the purchase of commercial vehicles and containers
- General corporate purposes
Glottis Business Overview
Glottis provides multi-modal logistics solutions via ocean, air, and road networks. Their core services include ocean freight forwarding (handling project cargo, full container loads, imports, and exports), air freight forwarding (for both imports and exports), and road transportation.
In addition to this, the company offers a range of other services, including warehousing, cargo storage, cargo handling, third-party logistics (3PL), and customs clearance.
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