Glottis Sets IPO Price Band at ₹120–129; Issue Opens September 29

New Delhi, September 24, 2025: Chennai-based logistics services provider Glottis has fixed the price band for its upcoming initial public offering (IPO) between ₹120 and ₹129 per equity share. At the higher end of the price band, the issuer will raise around ₹307 crore, valuing the company at almost ₹1,200 crore.

Glottis is a complete multi-modal logistics service provider company with an emphasis on energy supply chain solutions. The company caters to diverse industries like renewable energy, engineering products, granite and minerals, home appliances, timber and agro products, consumer durables, automobiles, chemicals, plywood, textiles, construction materials, medical products, and FMCG.

With its pan-India presence, Glottis operates eight branch offices across New Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru, and Cochin, which enables it to cater to a large client base from across industries.

IPO Size and Schedule

IPO will open for subscription on September 29, 2025, and close on October 1, 2025, with the anchor book opening one day earlier on September 26, 2025. The issue consists of a fresh issue of equity shares amounting to ₹160 crore and an offer for sale (OFS) of up to 1.14 crore equity shares amounting to ₹147 crore at the highest price band.

Amount raised from the new issue will be utilized for commercial vehicle acquisition, debt repayment, and general corporate purposes.

Lead Manager and Listing Plans

The IPO is being managed by Pantomath Capital Advisors as the sole book-running lead manager. Glottis’s shares are scheduled to list on October 7, 2025.

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