Home / Business and Economy / Glottis IPO Sees Robust Demand, Listing Gains Anticipated
Glottis IPO Sees Robust Demand, Listing Gains Anticipated
29 Sep
Summary
- Glottis IPO 42% subscribed on Day 1
- Shares trading at 5.4% premium in grey market
- Company focuses on renewable energy logistics
On October 1, 2025, the Rs 307 crore initial public offering (IPO) of logistics company Glottis entered its second day of bidding. At the end of Day 1, the issue was 42% subscribed, with investors placing bids for 84.72 lakh shares against 2.01 crore shares on offer.
In the grey market, Glottis shares are currently trading at a 5.4% premium to the issue price, down from the 9% premium seen on the first day. Priced in the range of Rs 120-129 per share, the IPO will remain open for subscription until October 1.
Glottis is a full-service multimodal logistics provider offering transportation via ocean, air, and road, as well as warehousing, 3PL, and customs clearance services. A key strength of the company is its focus on renewable energy logistics, specializing in the movement of solar glass, wafers, and cells - a segment benefiting from India's push toward clean energy.
Glottis delivered a strong financial performance in FY25, with revenue reaching Rs 941 crore, nearly double FY23's Rs 478 crore, reflecting its expanding operations and growing market presence. Profitability also improved, with net profit rising from Rs 22 crore in FY23 to Rs 56 crore in FY25.
