Glottis IPO allotment: How to check status online, GMP and listing outlook – News Air Insight

Glottis, the logistics solutions provider, is set to finalise the basis of allotment for its Rs 307 crore IPO on Friday. The issue, which was open for subscription between September 29 and October 1, drew a strong response from investors, being subscribed 2.12 times overall.

The IPO comprised a fresh issue of Rs 160 crore and an offer for sale of Rs 147 crore. The price band was fixed at Rs 120–129 per share. The company will make its market debut on October 7 on both NSE and BSE.

Market watchers said the grey market premium (GMP) for the issue is currently at just Rs 1, suggesting muted listing-day gains are expected.

Subscription details

The IPO saw healthy demand from non-institutional investors, with the NII category subscribed 3.08 times. Qualified institutional buyers (QIBs) subscribed 1.84 times, while the retail portion was booked 1.47 times. The issue received a total of 1,06,634 applications.

How to check allotment status

Investors who applied for the IPO can check their allotment status once the registrar completes the process on October 3. The registrar for Glottis IPO is Kfin Technologies.The status can be checked in two main ways:1. On the BSE website

Visit bseindia.com/investors/appli_check.aspx

Select ‘Equity’ under issue type.

Choose ‘Glottis Ltd’ from the dropdown menu.

Enter your application number and PAN details.

Click on ‘Search’ to view allotment status.

2. On the registrar’s website (Kfin Technologies)

Visit kfintech.com IPO allotment page (https://ipostatus.kfintech.com/)

Select the IPO name (Glottis Ltd).

Enter your PAN, application number, or DP/Client ID.

Click on ‘Submit’ to see allotment details.

If shares are allotted, they will be credited to investors’ demat accounts by October 6 while refunds for non-allottees will also be initiated on the same date.

Company background

Glottis provides multimodal logistics solutions including ocean freight, air freight, road transport, warehousing, and customs clearance. The company reported revenue of Rs 942.55 crore in FY25, an 89% jump over the previous year, with profit after tax rising 81% to Rs 56.14 crore.

Outlook

While the strong subscription shows investor interest, analysts remain cautious given the low GMP and competitive nature of the logistics sector. The muted premium suggests that investors may have to wait for long-term business performance rather than expect sharp listing-day gains.