The GB Logistics IPO will open on January 24, 2025, and close on January 28, 2025. It is a Book Built Issue, with the company aiming to raise approximately ₹25.07 crores through the IPO. This includes a fresh issue of ₹25.07 crores and an offer for sale of equity shares with a face value of ₹10 each.
The price band for the GB Logistics IPO is ₹95 to ₹102 per share. The allocation for the IPO is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The shares are expected to be listed on the Bombay Stock Exchange (BSE) on January 31, 2025, with the allotment date set for January 29, 2025.
In 2024, the company reported a revenue of ₹115.63 crores and a profit of ₹4.86 crores. Based on the financials, investors are encouraged to apply for the IPO with a long-term investment perspective.
GB Logistics IPO Details
- IPO Opening Date: January 24, 2025
- IPO Closing Date: January 28, 2025
- Face Value: ₹10 per Equity Share
- Price Band: ₹95 to ₹102 per Share
- Issue Size: Approximately ₹25.07 Crores
- Fresh Issue: Approximately ₹25.07 Crores
- Issue Type: Book Built Issue
- Listing: BSE SME
- Retail Quota: Up to 35%
- QIB Quota: Up to 50%
- NII Quota: Up to 15%
- DRHP Draft Prospectus: [Click Here]
- RHP Draft Prospectus: [Click Here]
- Anchor Investors List: [Click Here]
GB Logistics IPO Market Lot Details
The minimum market lot for the GB Logistics IPO is 1,200 shares, with an application amount of ₹1,22,400.
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,200 | ₹1,22,400 |
| Retail Maximum | 1 | 1,200 | ₹1,22,400 |
| S-HNI Minimum | 2 | 2,400 | ₹2,44,800 |
GB Logistics IPO Schedule
The GB Logistics IPO will open on January 24, 2025, and close on January 28, 2025. The allotment of shares will be finalized on January 29, 2025. Refunds will be processed on January 30, 2025, and the shares will be credited to Demat accounts on the same day. The IPO will be listed on the stock exchange on January 31, 2025.
- IPO Open Date: January 24, 2025
- IPO Close Date: January 28, 2025
- Basis of Allotment: January 29, 2025
- Refunds: January 30, 2025
- Credit to Demat Account: January 30, 2025
- IPO Listing Date: January 31, 2025
Promoters of GB Logistics IPO
The promoter of GB Logistics is Prashant Natwarlal Lakhani.
About GB Logistics IPO
GB Commerce Limited is a well-regarded company in the logistics industry, known for its excellent reputation in providing transportation services across various sectors. Founded in 2019, the company offers skilled and dependable drivers, a fleet of vehicles, and efficient, flexible services. To ensure optimal logistics efficiency, GB Logistics utilizes its own trucks along with partner resources to provide reliable and timely services, fostering customer trust. The company operates in two key segments: logistics and agricultural commodities trading. In logistics, it offers Full Truck Load services, specialized handling, door-to-door transportation, deliveries to upper floors, and expertise in reaching remote and hard-to-access areas (Out of Delivery Area shipments). The agricultural commodities segment provides incidental trading opportunities, enhancing revenue generation. GB Logistics currently employs 39 full-time staff members.
GB Logistics IPO Financial Report
GB Logistics reported a revenue of ₹115.63 crores and a profit of ₹4.86 crores for the year 2024.
Financial Overview (₹ in Crores)
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2024 | ₹115.63 | ₹108.87 | ₹4.86 | ₹58.6 |
| September 2024 | ₹50.85 | ₹47.46 | ₹2.53 | ₹59.28 |
GB Logistics IPO Valuation – FY2024
Here are the key valuation metrics for GB Logistics:
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 27.36% |
| Return on Capital Employed (ROCE) | 14.51% |
| EBITDA Margin | 8.01% |
| Profit After Tax (PAT) Margin | 4.21% |
| Debt to Equity Ratio | 0.88 |
| Earnings Per Share (EPS) | ₹8.48 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 27.36% |
| Net Asset Value (NAV) | ₹30.98 |
Peer Group Comparison
Here is a comparison of GB Logistics with its peers:
| Company | EPS | P/E Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| VRL Logistics Limited | – | 56.74 | – | – | ₹2888.62 Cr. |
| Ritco Logistics Limited | – | 30.60 | – | – | ₹933.30 Cr. |
| Orissa Bengal Carrier Limited | – | 32.90 | – | – | ₹335.18 Cr. |
Objects of the Issue
The funds raised through the IPO will be used for the following purposes:
- Prepayment or repayment of a portion of the company’s outstanding borrowings.
- Working capital requirements to support business operations.
- Expenditure towards the purchase of truck chassis and truck bodies.
- General corporate purposes.
GB Logistics IPO Review
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GB Logistics IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: Maashitla Allotment Status
IPO Lead Managers (Merchant Bankers)
- SKI Capital Services Limited
Company Address
GB Logistics Commerce Limited
B-3, Saptak Plaza,
Shivaji Nagar, Nagpur 440010
Phone: 9881078877
Email: info@gblogisticsindia.com
Website: GB Logistics India
GB Logistics IPO FAQs
What is GB Logistics IPO?
GB Logistics IPO is an SME IPO where the company plans to raise ₹25.07 crores. The issue is priced between ₹95 and ₹102 per equity share, and it will be listed on the BSE.
When will the GB Logistics IPO open for subscription?
The IPO will open for subscription on January 24, 2025, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors. The IPO will close on January 28, 2025.
What is the investors’ portion in the GB Logistics IPO?
The investor portion is divided as follows:
- QIB: 50%
- NII: 15%
- Retail: 35%
How to apply for the GB Logistics IPO?
You can apply for the GB Logistics IPO via ASBA online through your bank account or via UPI through your stock broker. Alternatively, you can apply offline by filling up the form through your stock broker.
What is the issue size of GB Logistics IPO?
The GB Logistics IPO issue size is ₹25.07 crores.
What is the price band for the GB Logistics IPO?
The price band for the GB Logistics IPO is ₹95 to ₹102 per share.
What is the lot size for the GB Logistics IPO?
The minimum bid is for 1,200 shares, amounting to ₹1,22,400.
What is the GB Logistics IPO allotment date?
The allotment date for the GB Logistics IPO is January 29, 2025.
What is the GB Logistics IPO listing date?
The listing date for the GB Logistics IPO is January 31, 2025, and it will be listed on the BSE.
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