Glottis Ltd Share Price

History of Glottis Ltd

Glottis Limited was originally formed as a Partnership Firm named M/s Glottis' pursuant to a Deed of Partnership dated June 24, 2004. Subsequently, the Partnership Firm was converted into a Private Limited Company pursuant to a Certificate of Incorporation dated April 18, 2022, issued by the Deputy Registrar of Companies, Central Registration Centre and Company got incorporated as Glottis Private Limited'. The status of the Company converted into a Public Limited Company dated May 14, 2024 and the name was changed to Glottis Limited'. Glottis is primarily engaged in the provision of freight forwarding and logistical services, along with associated business operations. The Company delivers end-to-end logistics solutions with multimodal capabilities across verticals to optimize the moveme ...nt of goods across geographies including (i) ocean freight forwarding (project cargo load and full container load, import as well as export); (ii) air freight forwarding (import as well as export); (iii) road transportation; along with other ancillary services, including warehousing, storage, cargo handling, third-party logistics (3PL) services and custom clearance, among others. The Company was entrusted with the responsibility of handling a significant logistics operation for a prominent player in the renewable energy sector. The project involved transportation of solar panels and glass of 870 TEUs to the Vishakhapatnam Port and 960 TEUs to Chennai Port for multiple solar energy projects. Given the scale of the cargo and the specific requirements of the customer, Company was required to plan and implement numerous vessels to ensure the safe and timely delivery of the materials. The Company in a short span of time, chartered a dedicated 900 TEU vessel and ensured that cargo was delivered in a timely and secure manner, meeting the high expectations of customer. Additionally, through custom house agents, also managed all customs clearance, ensuring that cargo processed swiftly and without delays at each port. Upon arrival at each of the ports, Company coordinated for unloading, storage, and onward transportation of cargo to project location of customer. As a result, it offered an end to end logistical service, through its intermediary network, encompassing planning, execution, and compliance, with minimal requirements for customer involvement. The Company expanded the operations to additional industries, by offering freight forwarding services to customers engaged in timber and consumer durables industries in 2014. In 2016, it further extended the service verticals with freight forwarding services for fragile products such as glass and glass components. The Company entered into the renewable energy industry by offering freight forwarding services to a leading sustainable and renewable energy company and a leading renewable energy producer in 2017; it diversified into warehouse handling services to a leading producer of renewal energy in 2018. The Company has handled ~95,000 TEUs of imports during the year 2024. The Company is planning an IPO by raising funds from public aggregating to Rs 200 crore Fresh Issue of Equity Shares and by issuing upto 14,571,000 Equity Shares of Face Value of Rs 2 each through Offer for Sale.