Ahmedabad, September 25, 2025: Glottis Limited proposes to open an initial public offering (IPO) of its equity shares with a face value of ₹2 each on Monday, September 29, 2025. The Anchor Investor Bidding Date is one working day prior to the bid/offer opening date, i.e., Friday, September 26, 2025. The Bid/Offer Closing Date is Wednesday, October 1, 2025, the company announced today.

As per an official release of the company, “The price band of the offer has been fixed from ₹120 per equity share of face value ₹2 each to ₹129 per equity share of face value ₹2 each. Bids can be made for a minimum of 114 equity shares of face value ₹2 each and in multiples of 114 equity shares thereafter.”

The IPO comprises a fresh issue of equity shares aggregating up to ₹160 crore and an offer for sale of up to 1,13,95,640 equity shares by the selling shareholders. This includes up to 56,97,820 equity shares each by Ramkumar Senthilvel and Kuttappan Manikandan.

“The equity shares of the company are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). Pantomath Capital Advisors Private Limited is the Book Running Lead Manager (“BRLM”) to the offer,” the press release further states.