Glottis Ltd - IPO

Glottis Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs. 2 each (equity shares) of Glottis Limited (the company or the issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (offer price) aggregating up to Rs. [*] crores (the offer) comprising a fresh issue of up to [*] equity shares of face value of Rs. 2 each aggregating up to Rs. 200.00 crores by the company (the fresh issue) and an offer for sale of upto 14,571,000 equity shares of face value of Rs. 2 each comprising 7,285,500 equity shares of face value of Rs. 2 each by Ramkumarsenthilvel and upto 7,285,500 equity shares of face value of Rs. 2 each by Kuttappan Manikandan (the selling shareholder or promoter selling shareholders) (offer for sale).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 exp requirements of the company towards purchase of commercial vehicles. Repayment and ore pre-payment in part of certain borrowings availed by the company. 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