Glottis IPO Price Band, Lot Size, And Issue Composition Details
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IPO Price Band and Lot Size
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Price band set between ₹120 and ₹129 per share.
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Lot size is 114 shares, requiring a minimum investment of ₹14,706 for retail investors.
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IPO Issue Composition
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Fresh issue of 1.24 crore shares worth ₹160 crore.
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Offer for sale (OFS) of 1.14 crore shares worth ₹147 crore.
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Glottis IPO Fund Use And Share Allocation Explained
This is how Glottis intends to spend the money it will raise in its IPO: A substantial portion of the capital will be used to purchase commercial vehicles and containers that will assist the company to expand and enhance its logistics services. The remaining portion of the funds will be invested in the general corporate requirements to ensure that the business operates well.
In terms of sharing, Glottis has ensured that everybody has something to share. A minimum of 30 percent of shares are earmarked to big investors known as Qualified Institutional Buyers (QIBs). The other 30% is allocated to Non-Institutional investors (NIIs) such as smaller funds or companies. And in the case of individual retail investors, at least 40 percent of the shares are held in trust just for you.
Thus, all kinds of investors have a chance to have a share of Glottis!Glottis IPO Listing Set for October 7 With Strong Grey Market Premium; Allotment Finalized October 3
IPO Listing Timeline
- Basis of share allotment to be finalized on October 3, 2025.
- IPO to list on NSE and BSE on October 7, 2025.
- Pantomath Capital Advisors is the merchant banker.
- Kfin Technologies Ltd. is the registrar.
Glottis IPO Grey Market Premium (GMP) and Listing Price
- Glottis IPO is trading at a grey market premium of ₹12 (GMP +12).
- Estimated listing price is around ₹141, about 9.3% higher than the upper IPO price of ₹129.
(With Inputs)
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