Glottis Limited fixes IPO worth band at 120-129 per share

Chennai based mostly Glottis Limited, which presents multi-modal built-in logistics options, has introduced to faucet the capital market to boost upto ₹160 crore by means of a contemporary problem of its fairness shares and ₹147 crore through Offer for Sale (OFS) by Ramkumar Senthilvel and Kuttappan Manikandan, the Promoter Selling Shareholders.

The worth band has been mounted between ₹120-₹129 per fairness share of face worth ₹2 every. Bids might be made for no less than 114 fairness shares and multiples of 114 shares. The IPO will open on Monday (September 29, 2025) and shut on Wednesday (October 1, 2025).

From the proceeds of the contemporary problem an quantity of ₹130 crore to ₹135 crore can be utilised to purchase 150 industrial autos (vehicles) and 1,000 containers as a part of the corporate’s backward integration technique.

For FY25 the corporate has reported a topline of ₹941 crore and internet revenue of ₹56 crore. As in contrast with the business progress of 6% to 7% the corporate has been rising at a CAGR of 18% to 23%, the promoters mentioned.

The promoters who’ve grown the corporate to this measurement from its inception in 2004 with none Private Equity or Venture Capital funding, can be diluting their stake by 25% to 26% through this IPO.

“We are very conservative however formidable and bullish,” mentioned Ramkumar Senthilvel and Kuttappan Manikandan, each of whom are Managing Director of the corporate.