Glottis Limited will launch its initial public offering (IPO) on Monday, September 29, 2025, with the issue closing on Wednesday, October 1, 2025. The Anchor Investor Bidding will take place on Friday, September 26, 2025. The price band has been fixed at ₹120–₹129 per equity share of face value ₹2 each. Investors can bid for a minimum of 114 equity shares and in multiples thereafter.
Offer Structure and Size
The IPO comprises a fresh issue of shares worth ₹160 crore and an offer for sale of 1.13 crore shares by selling shareholders, including 56.97 lakh shares each by promoters Ramkumar Senthilvel and Kuttappan Manikandan. The shares will be offered through the book building process in compliance with SEBI regulations.
Allocation Details
As per SEBI norms, not more than 30% of the offer will be reserved for Qualified Institutional Buyers (QIBs), of which up to 60% may be allocated to anchor investors. At least 30% will be available for Non-Institutional Bidders (NIBs) with sub-categories based on application size, while not less than 40% will be reserved for Retail Individual Bidders (RIBs). Applications must be made through the ASBA process, with UPI payment option for retail investors.
Listing and Lead Manager
The company’s equity shares are proposed to be listed on both BSE and NSE. Pantomath Capital Advisors Pvt. Ltd. is acting as the Book Running Lead Manager (BRLM) to the offer. Investors can access the Red Herring Prospectus (RHP) dated September 22, 2025, on SEBI, BSE, NSE, the company’s website, and the BRLM’s portal.
