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Glottis Limited is a multi-modal integrated logistics solutions provider offering end-to-end transportation services via ocean, air, and road. The company specializes in handling complex supply chains and serves a diverse range of industries, with a significant focus on the renewable energy sector. Operating with a global footprint, Glottis Limited leverages a combination of in-house infrastructure and a wide network of intermediaries to deliver services such as freight forwarding, warehousing, cargo handling, and customs clearance.
Opening Date
Sep 29, 2025
Closing Date
Oct 01, 2025
Listing Date
Oct 07, 2025
IPO Type
Mainboard
IPO Status
Closed
Issue Size
307 Cr
Fresh Issue
160 Cr
Offer for Sale
147 Cr
Price Band
₹120 - ₹129
Lot Size
114
The main objectives of the issue are to utilize the Net Proceeds from the Fresh Issue for the following purposes:
Funding capital expenditure requirements of up to ₹132.54 crores towards the purchase of commercial vehicles and containers to expand and scale existing operations, increase the owned asset base, and reduce dependency on third parties.
Funding general corporate purposes, which may include meeting working capital requirements, business development, and other corporate expenses not exceeding 25% of the gross proceeds.
P/E Ratio
9.57
EPS
12.62
ROE
56.98%
ROCE
72.58%
RONW
56.98%
Debt to Equity Ratio
0.22
PAT Margin
5.97%
EBITDA Margin
8.34%
P/B
10.47
Leading freight forwarding player with strong specialization and market presence in the high-growth renewable energy sector.
An asset-light business model complemented by a wide network of intermediaries, providing operational flexibility and scalability.
Longstanding relationships with a diverse customer base across multiple industries, reducing dependency on a single sector.
Widespread international presence with operations across 125 countries and local offices in key strategic regions.
High revenue concentration from the renewable energy industry, making the company vulnerable to sector-specific downturns.
Significant reliance on third-party intermediaries for core logistics services, which could affect service quality control and margins.
Limited ownership of key assets such as commercial vehicles and containers, leading to dependency on hired fleets.
Operational margins that are potentially lower than some industry competitors, indicating room for efficiency improvements.
Capitalize on government initiatives like the National Logistics Policy and 'Make in India' to drive growth.
Expand into new revenue streams by increasing the owned asset portfolio, such as vehicles and containers.
Leverage the projected growth of the Indian logistics market, which is expected to reach ₹37 trillion by FY30.
Increase wallet share from existing customers by cross-selling integrated solutions like warehousing and in-house customs clearance.
Vulnerability to global supply chain disruptions caused by geopolitical events, pandemics, and natural disasters.
High volatility in global freight rates due to fluctuations in fuel prices and demand-supply imbalances, impacting profitability.
The highly fragmented and competitive nature of the logistics industry, with pressure on pricing from numerous unorganized players.
Fluctuations in international trade volumes and changes in global tariff policies impacting shipping demand and operational efficiency.