Glottis IPO GMP Price Dates, Analysis, and the Latest on Glottis IPO

The Glottis IPO GMP has become a point of interest for investors as Glottis Ltd., a leading logistics and freight forwarding company with a strong foothold in India’s renewable energy supply chain, prepares for its Mainboard IPO. The company aims to raise ₹307 Cr through a combination of fresh issue and offer for sale, offering investors an opportunity to participate in its growth journey.


Glottis IPO Key Dates and Price Details

The Glottis IPO is a mix of a fresh issue of shares (₹160 Cr) and an Offer for Sale (OFS) by existing shareholders (₹147 Cr).

Detail

Value

IPO Opening Date

September 29, 2025

IPO Closing Date

October 01, 2025

Price Band

₹120 to ₹129 per Share

Face Value

₹2 per Share

Total Issue Size

₹307 Crores

Lot Size (Retail)

114 Shares

Tentative Listing Date

October 07, 2025

Retail Investment Details

Investor Category

Minimum Lot Size

Minimum Investment Amount (at upper band)

Retail

1 Lot (114 Shares)

₹14,706

S-HNI

14 Lots (1,596 Shares)

₹2,05,884

Glottis IPO GMP (Grey Market Premium)

The Grey Market Premium (GMP) provides early sentiment on listing expectations.

As of September 26, 2025, the Glottis IPO GMP is reported at ₹15.

  • Estimated Listing Price: ₹129 (Upper Price Band) + ₹15 (Current GMP) = ₹144

This indicates a modest premium, though investors must remember that GMP trends are speculative and may fluctuate until listing.

Company Overview: Logistics and Renewable Energy Focus

Glottis Ltd. operates with a diversified logistics portfolio that covers:

  • Ocean Haulage and Air Freight Forwarding

  • Road Transportation (FTL, LTL, express services)

  • Warehousing, 3PL, and Customs Clearance

The company’s standout strength is its contribution to renewable energy logistics. By FY25, Glottis had supported the haulage of 21.09 GW of solar capacity, accounting for nearly 19.8% of India’s installed solar base.

Objectives of the Issue

Proceeds from the IPO will be used primarily for:

  1. Acquisition of new commercial vehicles and containers (~ ₹132.54 Cr).

  2. General corporate purposes.

Financial Performance (Amount in Lac)

Period (As of 31 Mar)

FY25

FY24

FY23

Total Income

942.55

499.39

478.77

Profit After Tax (PAT)

56.14

30.96

22.44

Net Worth

98.53

42.35

11.52

Highlight: PAT grew nearly 4x between FY23 and FY25, underscoring operational efficiency and scalability.

Valuation and Investment Rationale

  • P/E Ratio: 18.37x (based on FY25 EPS of ₹7.02 at upper band).

  • Peer Range: Peers like Allcargo Logistics and Transport Corporation of India trade between 17.95x – 25.60x.

Strengths & Weaknesses

Strengths

Weaknesses

Strong role in renewable energy logistics (solar).

High exposure to freight volatility and fuel prices.

Diversified logistics network across ocean, air, and road.

Reliance on government policies for solar and energy growth.

Robust PAT growth and low debt (Debt/Equity 0.22).

Lower EBITDA margins (8.34%) vs some peers.

Conclusion

The Glottis IPO presents a promising opportunity to invest in a logistics leader with a unique edge in renewable energy supply chain management. Strong financial growth, healthy balance sheet, and attractive valuations relative to peers make it appealing. However, investors must factor in external risks like freight volatility and policy dependence. For those monitoring early sentiment, the Glottis IPO GMP provides valuable insight into listing expectations. Always consult your financial advisor before making investment decisions.

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