The shares of Glottis Ltd were first listed on the stock exchanges on 07 Oct 2025.
Price Band / Share
Issue Size
Min Investment
Times Subscribed
Lot size
Price Band / Share
Issue Size
Min Investment
Times Subscribed
Lot size
Initial public offering of up to 23,798,741 equity shares of face value of Rs. 2/- each (Equity Shares) of the company for cash at a price of Rs. 129 per equity share (Including a Share Premium of Rs. 127 per Equity Share) (Offer Price) aggregating up to Rs. 307.00 crores (the Offer) comprising a fresh issue of up to 12,403,101 equity shares of face value of Rs. 2/- each aggregating up to Rs. 160.00 crores by the company (the Fresh Issue) and an offer for sale of up to 11,395,640 equity shares of face value of Rs. 2/- each, comprising up to 5,697,820 equity shares of face value ofRs. 2/- each aggregating up to Rs. 73.50 crores by Ramkumar Senthilvel and up to 5,697,820 equity shares of face value of Rs. 2/- each aggregating up to Rs. 73.50 crores by Kuttappan Manikandan (the Selling Shareholders or Promoter Selling Shareholders) (Offer for Sale). The offer constituted 25.76% of the post-offer paid-up equity share capital.Price Band: Rs. 120/- to Rs. 129/- for equity share of face value of Rs. 10 each.The floor price is 12.00 times times the face value and cap price is 12.90 times of the face value of the equity shares.Bids can made for a minimum of 114 equity shares and in multiples of 114 equity shares thereafter.
The shares of Glottis Ltd were first listed on the stock exchanges on 07 Oct 2025.
The total issue size of the Glottis Ltd IPO is 307.00
The minimum lot size for Glottis Ltd public issue was 114.00 shares.
The price band of the IPO of Glottis Ltd was 129.00 to 0.00 per equity shares.
Glottis Limited (our Company or the Issuer) was originally formed as a partnership firm under the name `Glottis' pursuant to a deed of partnership dated June 24, 2004, executed between our Promoters, namely, Ramkumar Senthilvel and Kuttappan Manikandan. Subsequently, our Promoters entered into a fresh partnership deed dated June 19, 2006 for registering the erstwhile partnership firm, Glottis with the Registrar of Firms, pursuant to which a certificate dated June 19, 2006 bearing number FR/Chennai North/249/2006 was issued by the Registrar of Firms. Pursuant to a resolution passed by the partners of the erstwhile partnership firm, Glottis, at their meeting held on January 31, 2022, the partnership firm was converted into a private limited company under the Companies Act, 2013. Subsequent to such conversion, pursuant to a certificate of incorporation dated April 18, 2022, issued by the Deputy Registrar of Companies, Central Registration Centre, our Company was incorporated as a private limited company under the name and style of `Glottis Private Limited'. Our Company was converted into a public limited company pursuant to a resolution passed by the Board of Directors at its meeting held on February 15, 2024 and by the Shareholders at an Extraordinary General Meeting held on February 16, 2024 and a fresh certificate of incorporation dated May 14, 2024 was issued by the Registrar of Companies, Central Processing Centre. Consequent to the conversion of our Company, the name of our Company was changed to `Glottis Limited'.
KFin Techologies Ltd is the registrar and share transfer agent of Glottis Ltd IPO.