Chennai-based logistics firm Glottis is set to launch its initial public offering (IPO) on September 29. The price band for the offering has been established at ₹120-129 per share, with each share carrying a face value of ₹2. Investors can place bids for a minimum of 114 equity shares.
The IPO includes a fresh issue amounting to ₹160 crore and an offer for sale of up to 1.14 crore shares by existing shareholders, specifically 56.98 lakh shares each from Ramkumar Senthilvel and Kuttappan Manikandan.
The company’s shares are intended to be listed on both BSE Ltd and the National Stock Exchange of India Ltd.
Glottis specializes in multi-modal integrated logistics solutions, providing comprehensive transportation services that encompass ocean, air, and road logistics. Their offerings include ocean freight forwarding for project cargo and full container load, air freight services for both imports and exports, road transportation, warehouse storage, cargo handling, third-party logistics, and customs clearance.
According to its Draft Red Herring Prospectus (DRHP), Glottis reported handling approximately 95,000 twenty-foot equivalent units (TEUs) of imports via ocean freight during the fiscal year 2024.
Published on September 24, 2025.
