Abhishek Sinha
Updated: October 3, 2025 | Market Desk
The basis of allotment for Glottis IPO is likely to be finalized on Friday, October 3, 2025. Applicants can expect to receive updates via SMS, email, or bank alerts regarding mandate approvals, debits, or revocations by the weekend or latest by Monday, October 6, 2025.
Glottis IPO Details
- IPO Opened: September 29, 2025
- IPO Closed: October 1, 2025
- Price Band: ₹120 – ₹129 per share
- Lot Size: 114 shares and multiples thereafter
- Issue Size: ₹307 crore
- Fresh Issue: 1,24,03,100 equity shares
- Offer-for-Sale (OFS): 1,13,95,640 equity shares worth ₹147 crore
- Lead Manager: Pantomath Capital Advisors
- Registrar: Kfin Technologies Ltd
- Listing Date (Tentative): October 7, 2025 (BSE & NSE)
Subscription Status
The IPO received a muted response from investors:
- Overall Subscription: 2.05 times
- QIBs (Qualified Institutional Buyers): 1.87 times
- NIIs (Non-Institutional Investors): 2.97 times
- Retail Investors: 1.42 times
The issue saw nearly 1.06 lakh applications and bids worth around ₹500 crore.
Grey Market Premium (GMP)
The Glottis IPO GMP witnessed a steep fall amid weak investor sentiment.
- Current GMP: ₹1–₹2 per share (suggesting a flat listing)
- GMP at Issue Opening: ₹20 per share
This correction indicates limited listing gains for investors.
Company Profile – Glottis Limited
Incorporated in June 2024 and headquartered in Chennai, Glottis is a comprehensive logistics solutions provider. The company operates across ocean, air, and road logistics, offering end-to-end multimodal transportation to clients across diverse sectors. Its focus lies in optimizing supply chains and providing cost-efficient solutions for the movement of goods.
How to Check Glottis IPO Allotment Status
On BSE Website:
- Visit BSE IPO Allotment Page
- Select Equity under issue type
- Choose Glottis Limited from the dropdown menu
- Enter your Application Number
- Enter your PAN details
- Complete the captcha and click Search
On KFin Technologies Portal:
- Visit KFinTech IPO Status Page
- Select Glottis Limited (available once allotment is finalized)
- Choose one of the following modes:
- Application Number
- Demat Account Number
- PAN ID
- Select application type: ASBA or Non-ASBA
- Fill in details and captcha, then click Submit
The registrar, KFin Technologies, will handle allotment processing, share credits, refunds, and investor queries as per SEBI regulations.
Bottom Line
The Glottis IPO raised ₹307 crore but received only moderate investor demand, reflecting cautious sentiment in the primary market. With the GMP slipping drastically, listing gains are expected to remain limited. Investors should track the official allotment updates before planning next steps.
