Glottis Ltd. | Globe Capital Market LTD.
Glottis Ltd.
Closed
Price Band
₹120 to ₹129 per share
IPO Issue Period
September 29, 2025 to October 1, 2025
Issue Size
₹307 Cr
Face value
₹2 per share
Fresh issue
₹160 Cr
Offer for sale
₹147 Cr
Minimum Shares for Retail
114 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Kfin Technologies Ltd.
Tentative Listing Date
Tue, Oct 7, 2025
QIB
30%
NII
30%
Retail
40%

Pantomath Capital Advisors Pvt.Ltd.

Glottis Limited is an integrated logistics solutions provider offering comprehensive, multi-modal transportation services spanning ocean, air, and road networks. The company focuses on delivering end-to-end solutions with capabilities including full container load and project cargo forwarding, alongside crucial ancillary services like warehousing, 3PL, and customs clearance. This asset-light model leverages a robust network of intermediaries and a small owned fleet to maintain flexibility and scalability.

Glottis has developed a competitive advantage by proactively pre-booking shipping slots to guarantee capacity and secure favorable rates, which helps maintain consistent margins and predictable costs for customers. The company has a notable track record, handling approximately 112,146 TEUs of ocean imports in Fiscal 2025. With an emphasis on complex supply chains, Glottis serves a diverse clientele across multiple industries, with a particular focus on the renewable energy sector. The company’s structured, organized service model provides a competitive edge over unorganized players in the highly fragmented Indian logistics market.

For the year/period ended (Rs. in Cr.)

FY25 FY24 FY23
Total Revenue 942.55 499.39 478.77
Profit After Tax 56.14 30.96 22.44
EPS 7.02 3.87 65.92
EBITDA Margin (%) 8.34 8.12 7.00
PAT Margin (%) 5.97 6.23 4.69

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY25
Net Profits(Cr.)
FY25
Glottis Limited 1192* 129 10.47 21.23 942.55 56.14
Allcargo Logistics Ltd 3316 33.7 1.38 16022 49
Transport Corporation of India Limited 9364 1200 4.34 21.9 4492 416

*Market cap @upper band

 

  • Integrated Logistics Model: Offers end-to-end multi-modal solutions (ocean, air, road), integrating in-house assets with a wide network for flexible, start-to-finish service.
  • Renewable Energy Focus: A leading forwarder in the Renewable Energy sector, specializing in complex logistics for fragile and specialized components like solar panels.
  • Extensive Global Network: Leverages 256 overseas agents and 124 shipping lines for an asset-light model, facilitating mobilization of large volumes and maximizing margins.
  • Scalable Experience and Growth: Backed by two decades of experience, the company demonstrates strong financial growth and a widespread international presence across 125 countries.

The Company GLOTTIS LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • Funding of capital expenditure requirements of our Company towards purchase of commercial vehicles and containers (₹ 132.54 Cr.)

General Corporate Purposes

At the upper band of IPO ₹ 129, the stock is valued at 21.23 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.

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