GB Logistics Commerce IPO Details
SME
GB Logistics Commerce IPO opens for subscription on 24 Jan 2025 and closes on 28 Jan 2025. The IPO will be listed on BSE with the tentative listing date set for 31 Jan 2025.
GB Logistics Commerce IPO price band has been fixed at ₹95 – ₹102 per share.The face value is ₹10 per share with a lot size of 1200.
GB Logistics Commerce IPO total issue size comprises 24,57,600 shares (aggregating up to ₹25.07 Cr). This includes a fresh issue of 24,57,600 shares (aggregating up to ₹25.07 Cr). Pre-issue shareholding stands at 57,36,848, which will increase to 81,94,448 post-issue.
GB Logistics Commerce IPO carries a ₹16 (15.69%) GMP, reflecting investor sentiment.
GB Logistics Commerce IPO Lot Size : Retail Minimum is 1 lot (1,200 shares) amounting to ₹122,400. Retail Maximum is 1 lot (1,200 shares) amounting to ₹122,400. SHNI Minimum is 2 lots (2,400 shares) amounting to ₹244,800.
The Lead Managers for GB Logistics Commerce IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is SKI Capital Services Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Svcm Securities. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the GB Logistics Commerce Limited RHP.
GB Logistics Commerce IPO Details
GB Logistics Commerce IPO Subscription
GB Logistics Commerce IPO Application Wise Breakup
GB Logistics Commerce IPO Dates
- 24 Jan 2025Opening dateOpen
- 28 Jan 2025Closing dateClose
- 29 Jan 2025Allotment Date Allotment
- 30 Jan 2025Initiation of RefundsRefund
- 30 Jan 2025Credit of SharesCredit
- 31 Jan 2025Listing dateListing
GB Logistics Commerce IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹122,400 |
| Retail Maximum | 1 | 1200 | ₹122,400 |
| SHNI Minimum | 2 | 2400 | ₹244,800 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
GB Logistics Commerce IPO Reservation
Promoter Holding
GB Logistics Commerce IPO Valuations
GB Logistics Commerce Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 59.28 | 58.6 | ||||||||||||||||||||||||||||||||||||||
| Revenue | 50.85 | 115.63 | ||||||||||||||||||||||||||||||||||||||
| Profit After Tax | 2.53 | 4.86 | 0.77 | 0.96 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 20.55 | 17.77 | 1.8 | 1.03 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 14.81 | 12.04 | ||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 20.07 | 15.72 | 4.92 | 1.18 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
About GB Logistics Commerce IPO
Incorporated in 2019, GB Logistics Commerce Limited is engaged in the business of Logistics.
The company offers qualified drivers, a fleet of vehicles, and a charter network for flexibility, responsiveness, and high-capacity transportation.
The company offers full truckload freight services to large and medium-sized enterprises, leveraging both its own and third-party transportation resources to efficiently manage logistics.
Business Segments:
- Logistics: The company offers Full Truck Load, special handling, godown-to-godown transportation, above-ground floor deliveries, and expertise in Out of Delivery Area (ODA) shipments to remote and challenging locations.
- Trading of Agricultural Commodities: GB Logistics Commerce Limited focuses on logistics near agricultural commodities, capitalizing on incidental trading opportunities to generate additional revenue, and diversifying income while supporting the agricultural and logistics sectors.
As of January 15, 2024, the company has 39 full-time employees.
Competitive Strength:
- Robust Fleet and Infrastructure
- Expertise and Experience
- Strategic Partnerships
Strength Of GB Logistics Commerce IPO
1. Strong partnerships, alliances and affiliations with nodal agencies in the areas of agriculture and skill development.
2. Robust systems and processes across all functions of the company.
3. Strong technology backbone supported by a dedicated team of experienced professionals.
4. Favourable macro environment.
Risk Of GB Logistics Commerce IPO
1. The average price/earnings ("P/E") ratio of the listed industry peer set was 78.73x while our P/E ratio will be at premium of [*] times at the higher price band and [*] times at the lower price band. The trading price of our Equity Shares may fluctuate based on a comparison of the P/E ratio of the listed industry peer set and our Company.
2. There are certain recovery proceedings that are initiated against the Promoter of the Company.
3. The company has recently acquired its Material Subsidiary from its Promoter.
4. The company does not own its registered office and the locations from which the company operates.
5. There are certain pending legal proceedings involving the Company as well as the Promoter and Directors of the Company. Any adverse outcome on such proceedings may affect its business, financial condition and reputation.
6. The company has not complied with certain statutory provisions of the Companies Act. Such non-compliance may attract penalties and other actions against the Company and its Directors which could impact the financial position of it to that extent.
7. Its Material Subsidiary has not complied with certain statutory provisions of the Companies Act. Such non-compliance may attract penalties and other actions against the Company and its Directors which could impact the financial position of it to that extent.
8. Its business is dependent on the road network and the company ability to utilize its vehicles in an uninterrupted manner. Any disruptions or delays in this regard could adversely affect it and lead to a loss of reputation and/ or profitability.
9. The company is significantly dependent on its freight brokers for procuring business and may not be able to exercise complete control over the services offered by them.
10. We have experienced negative cash flows from operating and investing activities in the past.
Objectives GB Logistics Commerce IPO
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company
- Working Capital Requirements
- Fund expenditure towards the purchase of truck chassis and truck bodies
- General corporate purposes
Company Contact Details
GB Logistics Commerce Limited
B-3,
Saptak Plaza,
Shivaji Nagar, Nagpur 440010
Phone: 9881078877
Email: info@gblogisticsindia.com
Website: https://gblogisticsindia.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
GB Logistics Commerce IPO - FAQs
The GB Logistics Commerce IPO is a SME public issue comprising 2457600 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹25.07 Cr. The issue price has been fixed at ₹102 per equity share, and the minimum application size is 1200 shares.
The IPO opens for subscription on 24 Jan 2025, and closes on 28 Jan 2025.
Maashitla Securities Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹16 (15.69%).