Glottis Ltd. IPO opens today: Should you subscribe?
Glottis Ltd., an integrated logistics solutions provider, opened its IPO today aiming to raise ₹307 crore—₹160 crore via fresh shares and ₹147 crore through an offer-for-sale.
Shares are priced between ₹120-₹129 each (face value ₹2). The company is valued at up to ₹3,073 crore at the top end.
Logistics across ocean, air, and road
Glottis handles logistics across ocean, air, and road—think warehousing, customs clearance, cargo handling, and third-party logistics.
They blend an asset-light model with growing vehicle/container ownership.
In FY2025 alone, they served nearly 2,000 customers in 125 countries and moved over 1.12 lakh TEUs of ocean freight.
Revenue doubled in FY2025
You can apply for a minimum lot of 114 shares (about ₹14.7k per lot). The IPO is open till October 1.
Revenue jumped from ₹497 crore in FY2024 to ₹941 crore in FY2025; nearly half came from renewable energy services.
Brokerages like SBI Securities recommend subscribing if you're interested in the sector's growth story.