Glottis Ltd. has announced public offering of 23798740 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 127.00 per share. The gross proceeds of the issue are expected to be Rs 30,700.37 lakhs.
The company's initial public offer (IPO) will open on 29 September 2025 and is expected to close on 01 October 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 120.00-129.00 per share.
The IPO includes a fresh Issue of 23798740 Equity Shares of the Company at an price of Rs 129.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 114 shares with bids in multiples of 114.
Glottis Ltd. anticipates using the proceeds of the issue for Funding of capital expenditure requirements of the Company towards purchase of commercial vehicles and containers General Corporate Purposes.
Pantomath Capital Advisors Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.