| Price | Lot Size | Issue Date | Issue Size |
|---|---|---|---|
| ₹ 120 to ₹129 | 114 | 29th Sep, 2025 –01st Oct, 2025 | ₹310 Cr |
Glottis Ltd
Glottis Ltd. offers multi-modal integrated logistics solutions, including end-to-end transportation services through ocean, air, and road logistics. Its comprehensive logistics offerings, with multimodal capabilities, cater to diverse industries by optimising the movement of goods across geographies. The company’s services include ocean freight forwarding (project cargo and full container load, both import and export), air freight forwarding (import and export), road transportation, along with ancillary solutions such as warehousing, storage, cargo handling, third-party logistics (3PL), and customs clearance. The company handled ~112,146 TEUs of imports through ocean during FY25. By integrating the services of intermediaries with its in-house infrastructure, Glottis delivers start to finish logistical solutions. Its service offerings, combined with the capabilities of its intermediaries, enable assistance across geographically dispersed locations while modifying operating volumes, optimising loads, and maintaining flexibility to meet customers’ capacity requirements. Glottis has a track record of mobilising large cargo volumes for clients across multiple industries due to its extensive global network of freight forwarding agencies, which provide insights on available carriers, route management, and prevailing freight rates worldwide. This enhances the company’s ability to secure carrier space in advance at competitive prices, ensuring reliable delivery commitments. The company operates PAN-India through eight branch offices located in New Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru, and Cochin, with registered and corporate offices in Chennai covering major transportation hubs. Over the years, it has also expanded its operations internationally through arrangements with local freight forwarding agents and continues to explore new markets. With a global footprint and expertise in managing complex supply chains, Glottis serves customers across multiple industries, with a strong focus on energy infrastructure and renewable energy projects. Over the years, the company has built a track record of providing freight forwarding services to diverse industries, including renewable energy, engineering products, home appliances, granite and minerals, timber, agro-products, automobile chemicals, textiles, and machinery. It continues to expand its share of business with existing clients by offering logistics support across their supply chains. Its expertise to handle complex cargo and mobilising large volumes provides Glottis with a competitive edge and has garnered industry recognition.
Objective of the Glottis Ltd IPO
The company proposes to utilize net proceeds from the offer towards the following objects:
- Funding of capital expenditure requirements of the company towards the purchase of commercial vehicles and containers; and
- General corporate purposes.
Rationale To Glottis Ltd IPO
Strategically positioned to benefit from India’s expanding renewable energy sector
With over two decades of experience, Glottis has established itself as one of the leading freight forwarding players in India, particularly in the renewable energy sector’s import and export segment. Providing logistics solutions for specialised products has high entry barriers, such as the ability to achieve large cargo volumes, a reliable and extensive intermediary network, market intelligence, lead time and expenditure for securing advance commitments with shipping lines, and the need to build customer confidence and long-term relationships with intermediaries across geographies. These capabilities can only be developed through a long gestation period, market knowledge, and the ability to forecast and achieve volumes required to attain economies of scale. Over the years, the company has built a specialised customer base comprising power generation and component manufacturing companies in the renewable energy industry. Leveraging its intermediary network, Glottis has executed complex orders involving the transportation of fragile and highly specialised products across the supply chain. With the growing demand for renewable energy, driven by its sustainability, cost-effectiveness, and environmental benefits, the company’s service offerings are complementary to this industry. Therefore, the demand for Glottis’ services is closely linked to the rising demand for renewable energy products. India’s solar energy sector is expected to witness strong growth, with installed capacity projected to expand at a CAGR of 23.8% between FY25 and FY30, supported by favorable market conditions, strategic policy interventions, and technological innovations. Backed by its global presence, strategic locations, and scalable business model, Glottis is well positioned to capitalize on the positive tailwinds in the global renewable energy logistics industry.
Scaled multimodal logistics operations drive growth
With over two decades of operational experience in multimodal logistics services across different verticals, Glottis has developed strong internal intelligence on trade flows and volumes across routes, seasonality impact on volumes and freight across global routes, diverse customer base to enable two-way business with minimum wastage of empty runs for business partners. Glottis offers customised logistics solutions to a wide range of customers and industries across more than 125 countries, supported by a network of eight branch offices as of March 31, 2025. Its focus on quality, providing customised solutions, and timely execution of orders has helped establish and sustain long-term client relationships. Through customer referrals, the company has been able to expand its offerings to new clients in similar industries, further growing its customer base and geographic reach. Owing to its extensive experience, Glottis has executed projects involving the supply chain of critical and sensitive components, including solar panels, solar cells, glass panels, and advanced equipment for manufacturing solar cells, etc. The company has built a track record of executing complex and customised orders, particularly for customers in the renewable energy sector. Additionally, its expertise allows it to gather and study route data for optimisation, enabling cost efficiency for clients while maintaining a scalable and flexible service portfolio.
Valuation of Glottis Ltd IPO
Glottis Ltd. delivers end-to-end logistics solutions with multimodal capabilities across verticals optimizing the movement of goods across geographies, including (i) ocean freight forwarding, (ii) air freight forwarding, (iii) road transportation, along with other ancillary services, such as warehousing, storage, cargo handling, third-party logistics (“3PL”) services and custom clearance, among others. The Indian freight forwarding market has witnessed steady growth, and is expected to reach USD 17 billion by FY29, growing at a CAGR of 10.9% over FY24-29. The Indian ocean freight market is projected to reach USD 13.9 billion by FY29, registering a CAGR of 11.9% over FY24-29. With India’s growing and diversifying economy, the demand for efficient and reliable freight forwarding services continues to rise. Glottis’s expertise in providing comprehensive logistics for specialised products having high entry barriers gives it a competitive edge over unorganized players. The installed capacity of India’s solar energy sector is expected to grow at a CAGR of 23.8% between FY25 and FY30, which will be beneficial for Glottis given its strong presence in the renewable energy sector’s import and export segment. The company’s focus on developing strong internal intelligence, ensuring quality and timely execution, has enabled it to maintain long-standing customer relationships while also acquiring new clients through referrals. Financially, Glottis has delivered a healthy performance, with revenue growing at a CAGR of 40.3%, EBITDA at 53.1%, and PAT at 58.2% over FY2023-25 period. Backed by a strong business model, deep market understanding, and customer retention capabilities, along with favorable industry tailwinds, the company is well positioned for long-term sustainable growth. At the upper price band, the company is valued at a P/E multiple of 18.4x based on FY25 earnings. We, thus, recommend a “SUBSCRIBE” rating for this issue.
What is the Glottis Ltd IPO?
The initial public offer (IPO) of Glottis Ltd offers an early investment opportunity in Glottis Ltd . A stock market investor can buy Glottis Ltd IPO shares by applying in IPO before All Glottis Ltd shares get listed at the stock exchanges. An investor could invest in Glottis Ltd IPO for short term listing gain or a long term.
How to apply for the Glottis Ltd IPO through StoxBox?
To apply for the Glottis Ltd IPO through StoxBox one can apply from the website and also from the app. Click here
When will the Glottiss Ltd IPO open?
Glottis Ltd IPO is opening on 29th Sep 2025. Apply Now
What is the lot size of the Glottis Ltd IPO?
The Lot Size of Glottis Ltd IPO is 114 equity shares. Login to your account now.
When is the Glottis Ltd allotment date?
The allotment Date for Glottis Ltd IPO is 03rd Oct 2025. Login to your account now.
When is the Glottis Ltd IPO listing date?
The listing Date for Glottis Ltd IPO is 7th Oct 2025. Login to your account now
What is the minimum investment required for the Glottis Ltd IPO?
In the Retail segment the minimum investment required is Rs. 14,705. Login to your account now
What is the maximum investment allowed for the Glottis Ltd IPO?
In the Retail segment the maximum investment requirement is Rs. 1,191,178. Login to your account now
What are the risks associated with investing in the Glottis Ltd IPO?
- Thecompany derives the majority of its revenue from the ocean freight (import and export) segment, which has constituted more than 90% of revenue over the past three financial years. The company’s financial condition could be materially and adversely affected if it fails to secure new contracts, renew contracts with existing customers, or if current contracts in this segment are terminated.
- The company extends post-billing credit terms to its customers and may experience delays in payments even beyond the agreed credit period. Inability to collect receivables from customers in a timely manner, or at all, could adversely impact the company’s business, financial condition, results of operations, and cash flows.
- Thecompanyrequires third parties to execute a portion of its orders, which presents numerous risks. It relies on its network partners, intermediaries, and vendors/suppliers for certain aspects of operations. Instances of unsatisfactory services by such parties, or the company’s inability to maintain these relationships, could disrupt operations.
When will the Glottis Ltd IPO shares be credited to my Demat account?
The Glottis Ltd IPO be credited to the account on allotment date which is 06th Oct 2025. Login to your account now
Where can I find the Glottis Ltd IPO prospectus?
The prospectus of Glottis Ltd IPO prospectus can be find on the website of SEBI, NSE and BSE
