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Glottis Limited is a logistics solutions company that offers comprehensive transportation services through ocean, air, and road logistics. Indian ocean freight market has expanded from US$ 4.5B in FY19 to US$ 7.8B in FY24 and is projected to reach US$ 13.9B by FY29, with a robust CAGR of 11.9% over FY24-29.
Company's growth is being driven by Surging domestic manufacturing and consumption, Infrastructural improvements, Government initiatives and Export promotion for MSMEs.
| Revenue | ₹497.18 cr | ₹941.17 cr (+89.30%) | |
| PAT | ₹30.96 cr | ₹56.14 cr (+81.33%) | |
| PAT Margin | 6.23 % | 5.96 % (-4.33%) | |
| EBITDA | ₹40.36 cr | ₹79.81 cr (+97.75%) | |
| EBITDA Margin | 8.12 % | 8.48 % (+4.43%) | |
| ROE | 73.11 % | 56.98 % (-22.06%) | |
| ROCE | 95.91 % | 72.58 % (-24.32%) | |
| D/E | 0.19 | 0.22 (+15.79%) |
The company provides end-to-end logistics solutions with multimodal capabilities across various sectors. Major services include:
PE Ratio: 21.23x Average Sector PE Ratio: 22.22x
| QIB Shares Offered: | 7139622 |
| - Anchor Investor Shares Offered: | 4283755 |
| − QIB (Ex. Anchor) Shares Offered : | 2855867 |
| NII (HNI) Shares Offered: | 7139622 |
| - bNII > ₹10L: | 4759748 |
| - sNII < ₹10L: | 2379874 |
| Retail Shares Offered: | 9519496 |
| Total Shares Offered: | 23798740 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 114 | ₹14706 |
| Retail (Max) | 114 | 1482 | ₹191178 |
| S-HNI (Min) | 14 | 1596 | ₹205884 |
| S-HNI (Max) | 67 | 7638 | ₹985302 |
| B-HNI (Min) | 68 | 7752 | ₹1000008 |
Avg IPO Size (Sector Based):
₹ 1,036.47 cr.
Average Sector PE Ratio:
22.22 X
Listing Price:
₹ 84.00
Glottis is a leading multi-modal, integrated logistics service provider with a specialized focus on the energy supply chain solutions. India has a solar potential of 749 GW, assuming that solar PV modules cover 3% of the waste land area. Comparatively, India had an installed cumulative capacity of 82 GW of as on March 2024. Glottis has been instrumental in ocean haulage / freight movement of 13.8GW (cumulative) as on March 2024, indicating 16.83% of the total installed solar capacity. Glottis has supported in shipment of ~6GW solar panels in FY24 which attributes to ~40% of the installed solar capacity in FY24 (15GW solar capacity installed in FY24). India aims to create Solar power capacity of 280 GW by 2030. Glottis delivers end-to-end logistics solutions with multimodal capabilities across verticals to optimize the movement of goods across geographies including (i) ocean freight forwarding (project cargo load and full container load, import as well as export); (ii) air freight forwarding (import as well as export); (iii) road transportation; along with other ancillary services, including warehousing, storage, cargo handling, third-party 159 logistics (3PL) services and custom clearance, among others. Glottis have handled ~95,000 TEUs of imports during the Fiscal 2024.
Pantomath Capital Advisors Private Limited, based in Mumbai is the Lead Manager (BRLM) of Glottis IPO. Pantomath Capital Advisors Private Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Pantomath Capital Advisors Private Limited .
Glottis IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Glottis Financial Review Page
Merchant Banker(s) of Glottis IPO: Pantomath Capital Advisors Private Limited
Glottis IPO subscription was 2.12 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Glottis IPO listed at a listing price of 84.00 against the offer price of 129.00.
The current market price of Glottis is 82.75.
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