Glottis Limited has announced the launch of its Initial Public Offering (Glottis IPO), which will open for subscription on Monday, September 29, 2025, and close on Wednesday, October 1, 2025. The Anchor Investor Bidding will take place on Friday, September 26, 2025.
Glottis IPO Price Band and Bid Details
The Glottis IPO has a price band set between ₹120 and ₹129 per equity share, each with a face value of ₹2. Investors can place bids for a minimum of 114 equity shares and in multiples of 114 thereafter.
Fresh Issue and Offer for Sale
The offering includes a fresh issue of equity shares aggregating up to ₹160 crore and an Offer for Sale (OFS) of up to 1,13,95,640 equity shares by selling shareholders. This includes 56,97,820 equity shares each from promoters Ramkumar Senthilvel and Kuttappan Manikandan.
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Allocation Structure of Glottis IPO
The Glottis IPO will be conducted through the Book Building Process under SEBI ICDR Regulations:
- Qualified Institutional Buyers (QIBs): Up to 30% of the offer, with up to 60% of this portion available to Anchor Investors.
- Non-Institutional Bidders (NIBs): Not less than 30% of the offer, subdivided into categories for application sizes between ₹0.20 million to ₹1 million and above ₹1 million.
- Retail Individual Bidders (RIBs): Not less than 40% of the offer reserved for retail participation.
- Investors, other than Anchor Investors, must apply using the ASBA process, including UPI for retail applicants.
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Listing and Lead Manager
The equity shares of Glottis Limited are proposed to be listed on both BSE and NSE. Pantomath Capital Advisors Private Limited is the Book Running Lead Manager (BRLM) for the issue.
For more details, investors can refer to the Red Herring Prospectus (RHP) dated September 22, 2025 here.
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