Glottis IPO, a prominent logistics and freight forwarding firm headquartered in Chennai, is preparing for its public debut with a ₹307 crore IPO set to run from 29 September to 1 October 2025, with anchor investor bidding beginning 26 September. The IPO is priced between ₹120 and ₹129 per share (face value ₹2), and is structured as a mix of ₹160 crore fresh issue and an Offer for Sale (OFS) of roughly 1.14 crore shares by the promoters. Retail investors can bid in lots of 114 shares, which corresponds to about ₹14,706 at the upper price band. The share allocation is designed to favor retail participation (40%), while the rest is split equally between Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) at 30% each.

A major portion of the fresh issue proceeds, approximately ₹132.54 crore, has been earmarked for the purchase of commercial vehicles and containers to strengthen the company’s logistics assets, while the remaining funds will support general corporate purposes and growth initiatives. Glottis offers multi-modal logistics services covering road, sea, and air forwarding, anchored by its integrated operations and partnerships across sectors such as renewable energy, consumer goods, industrial goods, and infrastructure. In FY 2025, Glottis witnessed a significant jump in operations: revenue climbed to ~₹941 crore (vs ~₹497 crore in FY 2024), and the bottom line expanded to ~₹56.14 crore from ~₹30.96 crore previously. Its margins and scale reflect healthy performance in a competitive logistics sector.

Investors are closely monitoring the IPO GMP, which refers to the premium at which the IPO shares trade in the grey market before listing. Early signals of a positive premium hint at robust investor interest and expectations of a strong listing. The IPO allotment is poised for finalization on 3 October 2025, with refunds and demat credits on 6 October, and the listing scheduled for 7 October on both NSE and BSE. With its strong fundamentals, asset acquisition plans, and encouraging IPO GMP trends, Glottis IPO stands out as a logistics play to watch in 2025.