Glottis Limited IPO
Glottis is a prominent player in the logistics and freight forwarding industry, offering multi-modal integrated logistics solutions across ocean, air, and road transport services. The company specializes in end-to-end logistics services, handling goods through ocean freight, air freight, and road transportation, and also provides warehousing, storage, cargo handling, third-party logistics (3PL) services, and customs clearance. As of Fiscal 2025, Glottis managed 112,146 TEUs of imports through ocean freight, demonstrating its significant presence in the logistics sector.
Expertise in Freight Management
Glottis excels in freight management services, offering ocean, air, and road freight services, with a special focus on ocean freight due to high demand, attractive margins, and efficient logistics. The company ensures timely deliveries, maintains capacity through pre-booked shipping slots, and offers flexibility to handle urgent requests, ensuring reliable services for global logistics.
Focus on Renewable Energy Industry
Glottis has carved out a niche in the renewable energy sector, offering specialized freight forwarding services for industries like solar, wind, and hydro energy. Company collaborates with power producers and manufacturers of energy components such as solar cells and solar wafers, positioning itself as a leading logistics provider in the renewable energy supply chain.
Global Network and Expansion
With a global footprint, Glottis operates 8 branch offices across India, including in major logistics hubs like Delhi, Mumbai, Coimbatore, and Bengaluru. The company has expanded its operations internationally through partnerships with freight forwarding agents in Europe, North America, South America, Africa, the Middle East, and Asia. It also operates through group companies in Singapore, the UAE, and Vietnam, allowing seamless international operations.
Competitive Strengths
1) Leadership in Renewable Energy Logistics: Glottis specializes in freight forwarding for the renewable energy sector, ensuring efficient logistics for power producers and energy component manufacturers.
2) Wide Network of Intermediaries: Glottis has a vast network of intermediaries like agents, shipping lines, and transporters, enabling smooth and global logistics operations.
3) Multimodal Logistics Capabilities: By integrating ocean, air, and road transport services, Glottis offers flexible and comprehensive logistics solutions across multiple channels.
4) Strong Customer Relationships: Glottis has built long-term relationships with a diverse customer base, ensuring trust, loyalty, and consistent business growth.
Objects of the Glottis Limited IPO:
Glottis Limited IPO Details:
Open Date: | Sep 29 2025 |
Close Date: | Oct 01 2025 |
Total Shares: | 2,37,98,740 |
Face Value: | ₹ 2 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 307 Cr. |
Lot Size: | 114 Shares |
Issue Price: | ₹ 120-129 Per Equity Share |
Listing At: | NSE,BSE |
Listing Date: | Oct 07 2025 |
Promoters And Management:
Financials of Glottis Limited IPO:
Particulars ( IN CR) | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
Revenue from Operations | 941.17 | 497.1 | 478.2 |
EBITDA | 78.4 | 40.3 | 33.4 |
EBITDA Margins | 8.34% | 8.12% | 7.00% |
PAT | 56.1 | 30.9 | 22.5 |
PAT Margins | 5.97% | 6.23% | 4.69% |
ROCE | 72.58% | 95.91% | 256.67% |
Debt to Equity Ratio(In Times) | 0.22 | 0.19 | 2.66 |
Operating Cash Flows | 1.09 | 6.8 | 25.2 |
Comparison With Peers:
Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
Glottis Limited | 941.17 | 8.34% | 5.97% | 72.58% | 0.22 | 1192 | 21.25 |
Allcargo Logistics Limited | 16022 | 3.00% | -0.02% | 3.85% | 0.84 | 3,169 | - |
Transport Corporation of India Limited | 4492 | 10.00% | 9.26% | 20.50% | 0.11 | 9266 | 21.6 |
Lead Manager of Glottis Limited IPO:
Registrar of Glottis Limited IPO:
Discussion on Glottis Limited IPO:
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