Glottis IPO: Check IPO Date, Lot Size, Price & Details

Introduction:

Glottis Limited is an integrated multi-modal logistics solutions provider headquartered in Chennai, Tamil Nadu. Incorporated in 2006, the company offers comprehensive logistics and supply chain management services spanning ocean, air, and land transportation, supported by warehousing, customs clearance, and project logistics capabilities. Its service portfolio covers freight forwarding, transportation, third-party logistics (3PL), container leasing, and cargo handling, enabling it to serve as a one-stop logistics partner for its customers.

The company has built a network of 28 branches strategically located across major logistics hubs in India, along with a strong international presence through partnerships and agents in more than 100 countries. This global footprint allows Glottis to handle complex cross-border shipments efficiently and to cater to industries with global supply chain requirements. It has established itself in specialized sectors such as renewable energy logistics (solar modules, wind components), infrastructure, and industrial project cargo, positioning it as a preferred partner for high-growth industries.

Financially, Glottis has demonstrated strong performance, with revenue increasing from approximately ₹499 crore in FY2024 to ₹942.5 crore in FY2025, and profit after tax rising to about ₹56.1 crore. This growth underscores its ability to scale operations rapidly while maintaining profitability. The company follows a hybrid model—asset-light in freight forwarding and asset-backed in fleet and container ownership—balancing scalability with operational control.

IPO Details:

Objectives of Issue:

• Funding of capital expenditure requirements of our Company towards purchase of commercial vehicles and containers
• General Corporate Purposes

Key Strengths:

• Integrated multi-modal capabilities & sector focus- By offering services across ocean, air, and land logistics along with warehousing, customs clearance and 3PL, Glottis can provide seamless end-to-end logistics solutions to customers. This reduces fragmentation of service providers and can be an advantage against players specializing only in one mode. Moreover, it has carved a niche in energy / renewable supply chain logistics (e.g. solar module transport), which is a high growth vertical in India’s green transition push.
• Established client relationships and repeat business– Glottis has developed relationships with several long-standing customers across industries, which supports revenue visibility and reduces customer acquisition costs. Repeat business indicates customer trust in service quality, reliability, and pricing. This strengthens the company’s positioning in a highly competitive industry where retaining clients is critical.
• Asset-light elements of business model- Although Glottis is investing in fleet and containers, a significant portion of its operations—like freight forwarding and agent tie-ups—follows an asset-light model. This allows scalability without proportional capital commitments, improves return ratios, and provides flexibility in adjusting operations in response to changing market conditions.

Risks

• Competitive intensity & margin pressure- The logistics sector in India is highly competitive, with a mix of organized and unorganized players. Larger incumbents (e.g. Allcargo, TCI, Blue Dart, etc.) have deep networks, greater bargaining power, and lower cost of capital, which can put pricing pressure. Also, volatility in fuel, freight rates, currency fluctuations (for international operations), and input costs can squeeze profit margins, particularly in thin-margin forwarding businesses
• Exposure to global trade cycles- As a multi-modal logistics and freight forwarding company, Glottis is exposed to global trade dynamics. Any slowdown in global trade, disruptions due to geopolitical tensions, pandemics, or regulatory changes (e.g. import/export restrictions) could directly impact volumes, realizations, and profitability.
• Sectoral dependence on renewable and project cargo logistics- While Glottis has diversified offerings, a meaningful part of its growth comes from renewable energy and project cargo logistics. Any slowdown in government push for solar, wind, or large infrastructure projects could reduce demand, affecting revenue visibility in these niche verticals.

Financial Snapshot:

Peer Comparison