Glottis Restricted launched its preliminary public providing (IPO) for public bidding at present, September 29, with the problem subscribed 8 per cent up to now, as per provisional alternate knowledge. The logistics options supplier goals to lift Rs 307 crore from the general public providing.
Glottis IPO subscription standing:
By midday, buyers have bid for 16.17 lakh shares out of the overall 2.01 crore shares on provide, with Certified Institutional Patrons (QIBs), Non-Institutional Traders (NIIs) and Retail Particular person Traders (RIIs) subscribing 0.14 instances, 0.03 instances and 0.06 instances, respectively.
When it comes to shares, QIBs have bid for 3.87 lakh shares, NIIs have bid for two.31 lakh shares, and RIIs have bid for 9.98 lakh shares out of their respective allotted portion up to now.
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Glottis IPO particulars:
The IPO is a book-built problem of Rs 307 crore, comprising a recent problem of Rs 160 crore and an offer-for-sale (OFS) of Rs 147 crore. The value band of shares is fastened at Rs 120 to Rs 129 apiece with a face worth of Rs 2 per fairness share.
The difficulty has 28.13 lakh shares reserved for the QIBs quota, 74.18 lakh shares allotted for the NIIs class and 98.91 lakh shares reserved for the RIIs portion.
The corporate plans to utilise the IPO proceeds for funding capital expenditure and for basic company functions.
Worth band: Rs 120 to Rs 129 per fairness share
Face worth: Rs 2 per fairness share
Subscription date: September 29 to October 1, 2025
Lot dimension: 114 shares, with a minimal software quantity of Rs 14,706
Allotment date: October 3, 2025
Itemizing date: October 7, 2025
Firm profile:
Based in 2004, Glottis Restricted is an Indian built-in logistics and provide chain options supplier, providing companies throughout air, ocean, and highway freight, alongside warehousing, customs clearance, and third-party logistics (3PL) for home and worldwide purchasers, significantly specialising within the power sector.
Financially, the corporate reported income of Rs 942.55 crore and Revenue After Tax (PAT) of Rs 56.14 crore in FY25.
