Glottis IPO Day 2: Check Subscription Status & Key Highlights
The Glottis IPO, valued at ?307 crore, is midway through its book-building process. The subscription window, which opened on September 29, 2025, will remain active until October 1, 2025. The basis of allotment is expected by October 3, 2025, and the tentative listing date is set for October 7, 2025, across both NSE and BSE.
Glottis IPO Structure & Details
- Offer type: A mix of fresh equity issue and Offer for Sale (OFS)
- Total issue size: 2.38 crore equity shares (approx.)
- Price range: ?120 - ?129 per share
- Lot size: 114 shares per lot
- Minimum investment amount: ?14,706 (based on the upper band)
- Lead manager: Pantomath Capital Advisors Pvt. Ltd.
- Registrar: KFin Technologies Ltd.
Glottis IPO Day 2 Subscription Status
[30-September-2025, 17:03:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
1.79 |
|
Non-Institutional Investors |
1.08 |
|
Retail Individual Investors (RIIs) |
0.58 |
|
Employees |
- |
|
Total |
0.93 |
Utilisation of Proceeds
The company intends to use a significant portion of the net proceeds to expand its fleet and acquire containers, thereby strengthening its logistics capabilities. The remaining capital will be allocated to general corporate requirements, ensuring operational stability and supporting future growth.
Company Overview
Glottis Ltd. operates in the transportation and logistics industry, with a core focus on containerised freight and road transport. Its asset base comprises a vast fleet of commercial vehicles, catering to the industrial needs of clients across India and providing comprehensive logistics solutions nationwide. With a growing presence across multiple states, the company aims to capitalise on India’s rising demand for efficient cargo movement.
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