Incorporated in June 2024, Glottis Limited is a logistics solutions company that offers comprehensive transportation services through ocean, air, and road logistics.The company provides end-to-end logistics solutions with multimodal capabilities across various sectors, optimizing the movement of goods across different regions. Our services include:Ocean freight forwarding, including project cargo loads and full container loads for both import and exportAir freight forwarding for both import and exportRoad transportationAncillary services such as warehousing, storage, cargo handling, third-party logistics (3PL), and customs clearanceDuring Fiscal Year 2024, Glottis Limited handled approximately 95,000 TEUs of imports via ocean freight. As of Feb 2025, the company operates in India through 8 branch offices in New Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru, and Cochin, with registered and corporate offices in Chennai, covering major transportation hubs.The company has exported its products to the countries such as Europe, North America, South America, Africa, Middle East and Asia.For the six months ended September 2024 and for Fiscals 2024, 2023, and 2022, the company served 1,246, 1,662, 1,513, and 1,476 customers across 119, 100, 87, and 85 countries, respectively.As of January 10, 2025, the company had a network of 171 overseas agents, 98 shipping lines, 52 transporters, 43 customs house agents, 22 airlines, and 20 consol agents, built on longstanding relationships.As of January 10, 2025, the company owns 17 commercial vehicles. Our extensive vehicle and agency network allows us to scale with increasing demand and seize large business opportunities.Competitive StrengthOne of the leading freight forwarding players operating in the Renewable Energy IndustryWide network of Intermediaries coupled with optimum utilisation of our asset portfolio.Scaled multimodal logistics operations with capabilities of handling diverse projects.Longstanding relationship with a diverse set of customers across industries.Widespread international presence.Skilled and experienced management team with relevant industry experience.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min — 2 Lots) | 2 | 228 | ₹29,412 |
| Retail (Max — 13 Lots) | 13 | 1,482 | ₹191,178 |
| S-HNI (Min — 14 Lots) | 14 | 1,596 | ₹205,884 |
| S-HNI (Max — 66 Lots) | 66 | 7,524 | ₹970,596 |
| B-HNI (Min — 67 Lots) | 67 | 7,638 | ₹985,302 |
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 942.55 | 499.39 | 478.77 |
| EBITDA | 78.45 | 40.36 | 33.47 |
| Profit After Tax (PAT) | 56.14 | 30.96 | 22.44 |
| Net Worth | 98.53 | 42.35 | 11.52 |
| Total Assets | 156.10 | 81.72 | 72.08 |
| Reserves & Surplus | 82.53 | 41.35 | 10.52 |
| Total Borrowings | 22.14 | 8.08 | 30.61 |
| EBITDA Margin (%) | 8.34% | — | — |
| PAT Margin (%) | 5.97% | — | — |
Glottis Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI: