Glottis IPO

About the company

Glottis Limited is a multi-modal integrated logistics solutions company offering end-to-end freight management through ocean, air, and land transport. Its services include freight forwarding, warehousing, storage, cargo handling, third-party logistics (3PL), and customs clearance to various industries. The company has established a good track record in mobilising large volumes of cargo, managing around 112,146 twenty-foot equivalent units (TEUs) of import volume through ocean freight during FY25. The company is a prominent logistics partner in the renewable energy industry, which generated 47.54% of FY25 revenue, up from 42.42% in FY24 and only 13% in FY23. Its clients are top renewable power generators and component manufacturers in solar, wind, and hydro segments. Apart from renewables, engineering products contribute 12.69% of revenue, granite & minerals contribute 9.23%, timber contributes 5.65%, home appliances contribute 4.89% and agro products contribute 2.78% in FY25. Glottis has a presence in 125 nations with a robust intermediary network of 256 overseas agents, 124 shipping lines, 77 transporters, 59 customs house agents, 16 airlines, and 32 container freight stations as of August 31, 2025. In the domestic market, the company has a pan-India presence through 8 branch offices that cover major transport hubs with the support of registered and corporate offices in Chennai. Globally, the company has served 125 countries across 6 continents, including Europe, North & South America, Africa, the Middle East, and Asia. It has a strong presence in China, Vietnam and Malaysia, with China contributing 33.18% of FY25 revenue. The company’s business model balances owned assets with a strong reliance on intermediaries. As of FY25, Glottis owned 17 commercial vehicles but supplemented its operations with 4,209 trips via hired vehicles. Ocean freight remained its core vertical, accounting for 94.7% of FY25 revenue. Air Freight (Import) contributed 1.47%, Air Freight (Exports) 0.45% and road transport 3.38%. Glottis has executed large-scale logistics projects, including the chartering of dedicated vessels for solar components from Vietnam, complex out-of-gauge cargo handling, and door-to-door logistics for marquee customers. Its strong referral-driven customer acquisition contributed 12.8% of FY25 revenue from renewables through referrals, highlighting the company’s reputation and long-standing relationships. In FY25, Glottis catered to 1,908 customers, with repeat customers forming a large share of its revenues. The Indian Ocean freight market has expanded from $4.5 billion in FY19 to $7.8 billion in FY24 and is projected to reach $13.9 billion by FY29, with a robust CAGR of 11.9% over FY24-29. The company with a majority share of revenue from this segment is well-positioned to capitalise on this increase in demand. Additionally, the installed solar capacity is expected to grow at a strong CAGR of 23.8% from FY25-30. The company is positioned to gain from the industry tailwinds as it is one of the leading freight forwarding players operating in the renewable energy sector, import and export in India. The company intends to increase its market share by expanding its asset portfolio and revenue streams, increasing its global footprint and augmenting growth. It is aiming to become a “total logistics provider by providing end-to-end solutions. Now, Glottis Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹160 crore and an offer-for-sale worth ₹147 crore. The total issue size of the IPO is ₹307 crore. Its shares will be listed on the NSE and BSE.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   29 Sept 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   01 Oct 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   03 Oct 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   06 Oct 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   06 Oct 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   07 Oct 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.