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Glottis IPO

Glottis IPO — date, price band, lot size & details 2025

Glottis listed on 7 Oct 2025 at ₹84, 34.9% below the ₹129 issue price.

**Glottis IPO** is a fresh opportunity for investors looking at growth-focused companies. The company plans to raise funds through the public issue to expand its business operations and strengthen its financial position. Investors should check key details like price band, lot size, financial performance, and business model before applying. As always, it is important to review risk factors and overall market conditions before making any investment decision.

Stock price

Glottis is listed — here is the live share price.

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Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 6 October.

Key dates Listed
  1. Open 29 Sep 2025
  2. Close 01 Oct 2025
  3. Allotment 03 Oct 2025
  4. Refund/credit 06 Oct 2025
  5. Listing 07 Oct 2025

Issue summary

The terms of the offer, as filed.

IPO Dates 29 Sep to 1 Oct, 2025
Price Band ₹120 – ₹129
Face Value ₹2
Lot Size 114 Shares
Issue Size ₹307 Cr
Sale Type Fresh capital cum OFS
Listing On BSE & NSE
Registrar KFin Technologies Limited
Min Investment ₹ 14,706
Reservation
QIB 30%
NII 30%
Retail 40%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 114 shares at the ₹129 cut-off. Drag to size your application.

shares
1 lot lots
Application Lots Shares Amount
Retail (min) 1 114 ₹14,706
Retail (max) 13 1,482 ₹1,91,178
S-HNI (min) 14 1,596 ₹2,05,884
S-HNI (max) 67 7,638 ₹9,85,302
B-HNI (min) 68 7,752 ₹10,00,008

Three years of numbers

All figures in ₹ crore, as reported in the Glottis offer document.

Total income
942.55
479
499
943
31 Mar 202331 Mar 202431 Mar 2025
Profit after tax
56.14
22
31
56
31 Mar 202331 Mar 202431 Mar 2025
EBITDA
78.45
33
40
78
31 Mar 202331 Mar 202431 Mar 2025
Metric 31 Mar 2025 31 Mar 2024 31 Mar 2023
Revenue 942.55 499.39 478.77
OPM % 8.3 8.1 7.0
EBITDA 78.45 40.36 33.47
Net Profit 56.14 30.96 22.44
Debt 22.14 8.08 30.61
Assets 156.10 81.72 72.08

See how this IPO compares — view listing performance of all mainboard IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Glottis RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
18.38
EPS (₹)
7.02
RoCE
73.58
RoNW
56.98
PAT Margin
5.97%

Glottis IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹7.02
P/E Ratio (x) 18.38
Market Cap at Offer Price (₹ Cr) ₹1,031.63

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹129 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹173.59 Cr of the issue is earmarked to named objects.

Funding of capital expenditure requirements of the Company towards purchase of commercial vehicles and containers ₹132.54 Cr
General Corporate Purposes ₹12.66 Cr
Issue Expenses ₹28.39 Cr

About the company

Glottis is a growing company focused on delivering innovative solutions in its domain, with a foundation built on technical expertise and customer-centricity. Established by experienced promoters with a strong industry background, the company has steadily expanded its presence by catering to diverse client requirements. Over the years, Glottis has developed capabilities in designing and delivering specialized products/services, ensuring quality, reliability, and compliance with industry standards. Its consistent focus on innovation and operational efficiency has helped it build long-term relationships with clients.

The company’s business model revolves around offering tailored solutions backed by strong execution capabilities and efficient supply chain management. Glottis generates revenue through a mix of project-based assignments and repeat business from existing customers, supported by its reputation for timely delivery and competitive pricing. With promoters actively involved in strategic decision-making and day-to-day operations, the company continues to focus on scaling its operations, improving margins, and exploring new market opportunities to strengthen its overall growth trajectory.

Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.

Promoters
Kuttappan Manikandan, Ramkumar Senthilvel
Promoter holding
80000000 → 92403000
Pre-issue → post-issue
Registered office
New No. 46, Old No. 311 1st Floor Thambu Chetty Street Chennai, Tamil Nadu, 600001
+91 444266 5587
Registrar

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
Pantomath Capital Advisors Pvt Ltd View track record →
Red Herring Prospectus
SEBI filing
Final offer document — price band, financials and risk factors. This page is built from it.
Open the RHP
Draft RHP
SEBI filing
The draft filed ahead of approval, useful for comparing what changed.
Open the DRHP

Glottis IPO Documents

Read the filings this page is built from.

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

Listed in Profit 66.7% 4 of 6 listed
Avg Listing Gain +8% across 6 issues
Listed Below Issue 2 of 6 listed

Best listing: Ardee Industries (+35.8%). Weakest: Vidya Wires (0.0%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Glottis
Email

Frequently asked

What is the GMP of Glottis?

The current Grey Market Premium is ₹0.

What is the Glottis IPO price band?

₹120 to ₹129, on a face value of ₹2.

When is the allotment?

The basis of allotment is 3 October 2025, with listing on 7 October 2025.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.

Glottis IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹0
Subscribed
--
Min bid
₹14,706
Size my application