Glottis IPO: Price Band set at £ 120-129 per share; Check the key dates, outreach details, more

Glottis IPO Price Band is set in the vicinity of £ 120 to £ 129 per equity share of the face value of £ 2. The Glottis IPO date of subscription is scheduled for Monday 29 September and will close on Wednesday 1 October. The award to anchor investors for the Glottis IPO will be scheduled on Friday, September 26. The floor price is 60 times the face value of the shares and the price of the cap is 64.50 times the face value of the equity shares. The size of the IPO Lot of Glottis is 114 shares and in multiples of 114 stocks. Glottis IPO has not reserved more than 30% of the shares in the public issue for qualified institutional buyers (QIB), no less than 30% for non-institutional Institutional Investors (NII), and no less than 40% of the offer is reserved for retail investors. Tenentatively, Glottis IPO base of the award of shares will be completed on Friday, October 3, and the company will initiate refunds on Monday, October 6, while the shares will be credited on the same day after the repayment on the Demat account of Allottees. Glottis share price is likely to be listed on BSE and NSE on Tuesday, October 7. Glottis IPO details The glottis IPO involves issuing new stocks worth £ 160, with both promoters, Ramkumar Senthilvel and Kuttappan Manikandan, which sells 1.1 crore shares through the offer-for-salad method. It aims to award £ 132.5 crore of the returns from the new edition for the acquisition of commercial vehicles and containers, while the rest will be used for general corporate activities. Pantomath Capital Advisors serve as the Merchant Banker for the Glottis IPO, and KFin Technologies Ltd. function as the registrar of the issue. Company Details Glottis Limited is a company that specializes in logistical solutions, which offers a variety of transport services through ocean, air and pad logistics. The firm provides complete logistics solutions with multimodal capabilities in different industries, increasing the efficiency of goods movement across different regions. In the financial year 2024, Glottis Limited drove about 95,000 thus imports through the load of the ocean. From February 2025, the company has a presence in India with 8 branch offices in New -Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru and Cochin, with its registered and corporate offices in Chennai, which serves the most important transport. The Logistics Solutions provider that works across various modes is competing with public traded companies such as Allcargo Logistics (with a P/E of 17.95) and Transport Corporation of India (with a P/E of 25,60). The company sent its products to countries, including Europe, North America, South America, Africa, the Middle East and Asia. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.