The Glottis IPO has garnered strong interest from investors, with the issue getting subscribed 93% on Day 2 (September 30, 2025). The initial public offering (IPO) of the logistics solutions provider received bids for 1,88,15,244 shares against 2,01,23,929 shares on offer, according to NSE data.
Glottis IPO Subscription Status Day 2
Investor demand has been particularly robust among institutional categories:
- Qualified Institutional Buyers (QIBs): 179% subscribed
- Non-Institutional Investors (NIIs): 108% subscribed
- Retail Individual Investors (RIIs): 58% subscribed
The IPO had earlier raised ₹55 crore from anchor investors on September 26, reflecting confidence from large institutions ahead of the main issue.
Glottis IPO Details
- Total IPO Size: ₹307 crore
- Fresh Issue: Equity shares worth ₹160 crore
- Offer for Sale (OFS): Up to 1.14 crore shares worth ₹147 crore (at upper price band)
- Price Band: ₹120–₹129 per share
- Valuation: Around ₹1,200 crore at upper end
- Issue Closing Date: October 1, 2025
- Expected Listing Date: October 7, 2025
Utilization of IPO Proceeds:
- Purchase of commercial vehicles
- Debt repayment
- General corporate purposes
Glottis Company Overview
Glottis Ltd is a leading multi-modal, integrated logistics service provider with a specialized focus on energy supply chain solutions. Headquartered in Chennai, the company caters to industries such as:
- Renewable energy
- Consumer durables
- Automobile & engineering products
- Textiles, chemicals, plywood & timber
- Agro and FMCG sectors
With eight branch offices across India including New Delhi, Mumbai, Kolkata, Gandhidham, Coimbatore, Bengaluru, Tuticorin, and Cochin, Glottis has established a pan-India operational presence.
Glottis IPO GMP Today
According to market trackers, the Glottis IPO GMP (Grey Market Premium) stood at ₹4 as of September 30 (5 pm). Based on the upper price band of ₹129, the estimated listing price could be around ₹133 per share, implying a potential 3.1% listing gain.
While the GMP indicates moderate premium expectations, actual listing performance will depend on overall market sentiment and investor demand closer to debut.
Should You Apply for Glottis IPO?
The strong response from QIBs and NIIs shows confidence in the company’s long-term growth potential in India’s rapidly expanding logistics and supply chain sector. However, retail investor subscription remains under 60% so far, reflecting cautious sentiment.
For investors eyeing short-term listing gains, the current GMP of ₹4 suggests limited upside. But for those seeking exposure to a logistics company with diversified industry linkages, Glottis may offer long-term value.
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