The initial public offering (IPO) of Glottis Limited closed for public bidding on October 1, with the issue subscribed 2.05 times, according to provisional exchange data.
The logistics solutions company aimed to raise Rs 307 crore through this public offering.
The basis of allotment is expected to be finalized on October 3, after which successful bidders will have their shares credited to their demat accounts.
Refunds for unsuccessful applicants will be initiated soon after.
The Glottis IPO is scheduled to list on October 7, 2025, on both the NSE and BSE.
How to Check Your IPO Allotment Status
Investors can check their allotment on the BSE, NSE, or the issue registrar Kfin Technologies websites.
NSE allotment check:
Visit the NSE website
Select Equity & SME IPO bid details
Choose Glottis Limited
Enter your PAN and application number
Click Submit
BSE allotment check:
Visit the BSE website
Select Equity as the issue type
Choose Glottis Limited
Enter your PAN or application number
Click Search
Kfin Technologies allotment check:
Visit the Kfin Technologies website
Select Glottis Limited
Enter your PAN, application number, or Demat ID
Click Submit
Subscription Highlights
Investors bid for 4.12 crore shares against 2.01 crore shares on offer.
QIBs subscribed 1.87 times, NIIs 2.97 times, and RIIs 1.42 times.
Share-wise: QIBs bid for 52.62 lakh shares, NIIs 2.20 crore, and RIIs 1.40 crore.
Glottis IPO Details
Issue size: Rs 307 crore (Fresh Issue: Rs 160 crore, OFS: Rs 147 crore)
Price band: Rs 120–129 per share
Face value: Rs 2 per equity share
Subscription period: September 29 to October 1, 2025
Lot size: 114 shares (minimum application Rs 14,706)
Listing date: October 7, 2025
Reservation: 28.13 lakh shares for QIBs, 74.18 lakh for NIIs, 98.91 lakh for RIIs
The IPO proceeds will be used for capital expenditure and general corporate purposes.
About Glottis Limited
Founded in 2004, Glottis Limited is an integrated logistics and supply chain solutions provider in India.
It offers services across air, ocean, and road freight, warehousing, customs clearance, and third-party logistics (3PL), focusing especially on the energy sector.
Financially, in FY25, Glottis reported:
Revenue: Rs 942.55 crore
Profit After Tax (PAT): Rs 56.14 crore
Glottis’ IPO success highlights strong investor interest in logistics and supply chain companies in India.
