Glottis Ltd - IPO

Glottis Ltd IPO Details

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 of Rs. 2/- each aggregating up to Rs. [*] 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 will constitute [*] % of the post-offer paid-up equity share capital. the offer price is [*] times the face value of the equity shares. the price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding capital expenditure requirements of the company towards purchase of commercial vehicles and containers. General corporate purposes.

Glottis Ltd Contact Details

Glottis Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@glottislogistics.in

Website - www.glottislogistics.in