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 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.

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