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GB Logistics Commerce IPO vs Rikhav Securities IPO

Comparison between GB Logistics Commerce IPO and Rikhav Securities IPO.

IPO Details

GB Logistics Commerce IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Rikhav Securities IPO is a SME Bookbuilding proposed to list at BSE SME.

 GB Logistics Commerce IPORikhav Securities IPO
LogoGB Logistics Commerce IPO LogoRikhav Securities IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersSKI Capital Services Ltd.Smart Horizon Capital Advisors Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerSvcm Securities Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of GB Logistics Commerce IPO is up to ₹23.81 Cr whereas the issue size of the Rikhav Securities IPO is up to ₹84.31 Cr. The final issue price of GB Logistics Commerce IPO is ₹102.00 per share and of Rikhav Securities IPO is ₹86.00 per share.

 GB Logistics Commerce IPORikhav Securities IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹95.00 per share₹82.00 per share
Issue Price (Upper)₹102.00 per share₹86.00 per share
Issue Price (Final)₹102.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size1200 shares1600 shares
Fresh Issue Size23,34,000 shares78,03,200 shares
Fresh Issue Size (Amount)up to ₹23.81 Crup to ₹67.11 Cr
OFS Issue Size0 shares20,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹17.20 Cr
Issue Size Total23,34,000 shares98,03,200 shares
Issue Size Total (Amount)up to ₹23.81 Crup to ₹84.31 Cr

IPO Timetable

GB Logistics Commerce IPO opens on Jan 24, 2025, while Rikhav Securities IPO opens on Jan 15, 2025. The closing date of GB Logistics Commerce IPO and Rikhav Securities IPO is Jan 28, 2025, and Jan 17, 2025, respectively.

 GB Logistics Commerce IPORikhav Securities IPO
Anchor Bid DateJan 23, 2025Jan 14, 2025
Issue OpenJan 24, 2025Jan 15, 2025
Issue CloseJan 28, 2025Jan 17, 2025
Basis Of Allotment (Tentative)Jan 29, 2025Jan 20, 2025
Initiation of Refunds (Tentative)Jan 30, 2025Jan 21, 2025
Credit of Share (Tentative)Jan 30, 2025Jan 21, 2025
Listing date (Tentative)Jan 31, 2025Jan 22, 2025
Anchor Lockin End date 1Mar 02, 2025Feb 19, 2025
Anchor Lockin End date 2May 02, 2025Apr 20, 2025

Financials & KPIs

GB Logistics Commerce IPO P/E ratio is 12.03, as compared to Rikhav Securities IPO P/E ratio of 6.04.

 GB Logistics Commerce IPORikhav Securities IPO
Financials

GB Logistics Commerce Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets59.2858.6
Total Income50.85115.63
Profit After Tax2.534.860.770.96
Net Worth20.5517.771.81.03
Reserves and Surplus14.8112.04
Total Borrowing20.0715.724.921.18
Amount in ₹ Crore

Rikhav Securities Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets33,791.4930,206.8218,772.0118,070.69
Total Income9,615.8311,134.265,452.434,298.31
Profit After Tax5,037.324,264.631,910.271,762.47
Net Worth18,845.0613,807.749,496.217,585.94
Reserves and Surplus17,346.8612,309.547,998.017,086.54
Total Borrowing2,598.064,806.11994.271,506.12
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)74.8590.55
Promoter Shareholding (Post-Issue)52.4065.63
P/E Ratio12.036.04
Market Cap₹83.58 Cr.₹329.31 Cr.
ROE27.36%36.60%
ROCE14.51%29.48%
Debt/Equity0.880.35
EPS₹8.48₹14.23
RoNW27.36%30.89%

Shares Offered

In the GB Logistics Commerce IPO Retail Individual Investors (RII) are offered 8,17,200 shares while in Rikhav Securities IPO retail investors are offered 8,17,200 shares. Qualified Institutional Buyers (QIB) are offered 4,66,800 shares in GB Logistics Commerce IPO and 19,55,200 shares in Rikhav Securities IPO.

 GB Logistics Commerce IPORikhav Securities IPO
Anchor Investor Reserveration6,99,600 shares29,20,000 shares
Market Maker Reserveration1,23,600 shares5,24,800 shares
QIB4,66,800 shares19,55,200 shares
NII3,50,400 shares14,80,000 shares
RII8,17,200 shares34,48,000 shares
Employee0 shares0 shares
Others
Total23,34,000 shares98,03,200 shares

Bids Received (Subscription)

GB Logistics Commerce IPO subscribed 184.64x in total, whereas Rikhav Securities IPO subscribed 307.00x.

 GB Logistics Commerce IPORikhav Securities IPO
QIB (times)25.10x170.92x
NII (times)543.55x616.42x
Big NII (times)
Small NII (times)
RII (times)121.88x251.36x
Employee (times)
Other (times)
Total (times)184.64x307.00x