Glottis gets SEBI’s nod for IPO
he shares of the company are proposed to be listed on the BSE and the NSE
Glottis has received Securities and Exchange Board of India’s (SEBI) go-ahead to raise funds through initial public offering (IPO). The company’s IPO is a mix of a fresh issue of equity shares worth Rs 160 crore and an OFS of up to 1.45 crore shares by promoters.
Proceeds from the fresh issue will be utilised to fund the capital expenditure requirements towards purchase of commercial vehicles and containers, and general corporate purposes. Pantomath Capital Advisors is the sole book-running lead manager to the issue. The shares of the company are proposed to be listed on the BSE and the NSE.
Glottis is a leading multi-modal, integrated logistics service provider with a specialised focus on energy supply chain solutions.
