Glottis Limited
Minimum investment
Bidding date
29 Sep - 01 Oct 2025
Price range
—
Minimum quantity
114
Minimum investment
₹13,680
Issue size
—
IPO doc (link)
RHP docsListing exchange
NSE/BSE
Category | Subscription |
|---|---|
Qualified Institutional Buyers | 1.87x |
Retail Individual Investor | 0.91x |
Non-Institutional Investor | 1.98x |
Others | - |
Total | 0.91x |
Incorporated in June 2024, Glottis Limited is a logistics solutions provider offering multimodal transportation services through ocean, air, and road logistics. The company delivers end-to-end logistics solutions, including freight forwarding, warehousing, storage, third-party logistics (3PL), cargo handling, and customs clearance.
During FY 2024, Glottis Limited handled approximately 95,000 TEUs of imports via ocean freight. The company has a strong presence in India with 8 branch offices located in major cities such as New Delhi, Mumbai, Kolkata, Bengaluru, and Chennai.
Glottis has established an extensive international network across Europe, North America, South America, Africa, the Middle East, and Asia. As of January 2025, the company works with 171 overseas agents, 98 shipping lines, 52 transporters, 43 customs house agents, 22 airlines, and 20 consol agents. It also owns 17 commercial vehicles to support its growing logistics operations.
Strong Industry Position: Glottis Ltd. has established itself as a leading logistics player, especially in the renewable energy sector. Its expertise in handling complex logistics projects provides a competitive edge in the market.
Multimodal Operations: The company operates across ocean, air, and road transport, enabling it to offer diversified and scalable logistics solutions to a wide range of industries.
Wide Global Footprint: With an extensive network of overseas agents, shipping lines, airlines, and intermediaries, Glottis has built strong international connections that support its global expansion strategy.
Experienced Management Team: The leadership team of Glottis Ltd. brings deep industry knowledge and years of operational expertise, which strengthens decision-making and execution capabilities.
Financial Growth: The company has shown robust financial performance, with revenue rising by 89% and profit after tax increasing by 81% in FY 2025 compared to FY 2024.
Competitive Market Environment: The logistics sector is highly competitive, with several domestic and international players, which may impact margins and growth.
Dependence on Global Trade Cycles: Glottis’ business performance is closely tied to global trade activities. Any slowdown or disruption in international trade could affect operations.
Moderate Leverage Risk: The company’s debt-to-equity ratio stands at 29.00, reflecting moderate leverage that could pose financial risks in case of downturns.
Reliance on Partner Networks: A large part of operations depends on overseas agents, shipping partners, and intermediaries. Any disruption in these networks may impact business continuity.
Thin Profit Margins: Despite strong revenue growth, the PAT margin remains at 5.97%, which is relatively thin and common in the logistics industry.
N/A
N/A
N/A
Active IPOs | |
|---|---|
Company name | Bid starts |
Cmr Green Technologies | 03-06-2026 |
Hexagon Nutrition | 05-06-2026 |