Bookbuilding IPO | ₹25 Cr | Listed at BSE SME | Fri, Jan 24, 2025 - Tue, Jan 28, 2025
GB Logistics Commerce IPO is a book build issue of ₹25.07 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹25.07 crore.
GB Logistics Commerce IPO bidding started from Jan 24, 2025 and ended on Jan 28, 2025. The allotment for GB Logistics Commerce IPO was finalized on Jan 29, 2025. The shares got listed on BSE SME on Jan 31, 2025.
GB Logistics Commerce IPO price band is set at ₹102 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,22,400 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,44,800.
SKI Capital Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Svcm Securities Pvt.Ltd..
Refer to GB Logistics Commerce IPO RHP for detailed Information.
IPO Open
Fri, Jan 24, 2025
IPO Close
Tue, Jan 28, 2025
Issue Price
₹102 per share
Market Cap (Pre-IPO)
₹83.58 Cr
| IPO Date | 24 to 28 Jan, 2025 |
| Listed on | Fri, Jan 31, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹102 |
| Issue Price | ₹102 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 24,57,600 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 1,23,600 shares Svcm Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 23,34,000 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 23,34,000 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 57,36,848 shares |
| Share Holding Post Issue | 81,94,448 shares |
| BSE Script Code | 544348 |
| ISIN | INE0RWU01016 |
GB Logistics Commerce IPO comprises a total issue size of 24,57,600 shares. The net offer to the public is 23,34,000 shares, after excluding 1,23,600 shares allotted on a firm basis. Of the Net offer 11,66,400 (49.97%) are allocated to QIB, 3,50,400 (15.01%) allocated to NII 8,17,200 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 11,66,400 | 49.97% | 47.46% |
| − Anchor Investor Shares Offered | 6,99,600 | 28.47% | |
| − QIB (Ex. Anchor) Shares Offered | 4,66,800 | 18.99% | |
| NII (HNI) Shares Offered | 3,50,400 | 15.01% | 14.26% |
| Retail Shares Offered | 8,17,200 | 35.01% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,23,600 | 5.03% | |
| Total Shares Offered | 24,57,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,22,400 |
| Retail (Max) | 1 | 1,200 | ₹1,22,400 |
| HNI (Min) | 2 | 2,400 | ₹2,44,800 |
GB Logistics Commerce IPO raises ₹7.14 crore from anchor investors. GB Logistics Commerce IPO Anchor bid date is January 23, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jan 23, 2025 |
| Shares Offered | 6,99,600 |
| Anchor Portion (₹ Cr.) | 7.14 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Mar 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Fri, May 2, 2025 |
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.
The company operates in two Business Segments Logisticsand Trading of Agricultural Commodities.
In 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.
In Trading of Agricultural Commodities the company 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:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 59.28 | 58.60 | ||
| Total Income | 50.85 | 115.63 | ||
| Profit After Tax | 2.53 | 4.86 | 0.77 | 0.96 |
| NET Worth | 20.55 | 17.77 | 1.80 | 1.03 |
| Reserves and Surplus | 14.81 | 12.04 | ||
| Total Borrowing | 20.07 | 15.72 | 4.92 | 1.18 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of a portion of certain outstanding borrowings availed by our Company | 5.00 |
| 2 | Working Capital Requirements | 9.38 |
| 3 | Fund expenditure towards purchase of truck chassis and truck bodies | 3.80 |
| 4 | General Corporate Purposes | 4.79 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 27.36% |
| ROCE | 14.51% |
| Debt/Equity | 0.88 |
| RoNW | 27.36% |
| PAT Margin | 4.21% |
| Price to Book Value | 3.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.48 | 6.17 |
| P/E (x) | 12.03 | 16.53 |
| Promoter Holding | 74.85% | 52.4% |
| Market Cap | ₹83.58 Cr. |
The GB Logistics IPO is subscribed 184.64 times on January 28, 2025 5:04:49 PM (Day 3). The public issue subscribed 121.88 times in the retail category, 25.1 times in the QIB category, and 543.55 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 25.1 | 4,66,800 | 1,17,16,800 | 2 |
| NII* | 543.55 | 3,50,400 | 19,04,60,400 | 140 |
| Retail | 121.88 | 8,17,200 | 9,95,98,800 | 4,182 |
| Total | 184.64 | 16,34,400 | 30,17,76,000 | 1,04,260 |
Total Application : 1,04,260
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission, advisors and other experts. | 1.70 |
| 2 | Brokerage, selling commission and upload fees. | 0.02 |
| 3 | Registrars to the Issue | 0.03 |
| 4 | Legal Advisors | 0.04 |
| 5 | Peer Review Auditor | 0.04 |
| 6 | Advertising and marketing expenses | 0.11 |
| 7 | Regulators including stock exchanges | 0.09 |
| 8 | Printing and distribution of issue stationary | 0.02 |
| 9 | Others, if any include Bankers to the Issue, Depository, certifications, miscellaneous, etc. | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹102.00 |
| Open | ₹81.60 |
| Low | ₹77.55 |
| High | ₹85.65 |
| Last Trade | ₹81.75 |
Lead Manager Reports
GB Logistics Commerce IPO is a SME IPO of 24,57,600 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Jan 24, 2025, and closes on Tue, Jan 28, 2025.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in GB Logistics Commerce IPO using UPI as a payment gateway. Zerodha customers can apply in GB Logistics Commerce IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GB Logistics Commerce IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GB Logistics Commerce IPO opens on Fri, Jan 24, 2025 and closes on Tue, Jan 28, 2025.
GB Logistics Commerce IPO lot size is 1200, and the minimum amount required for application is ₹1,22,400.
You can apply in GB Logistics Commerce IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for GB Logistics Commerce IPO will be done on Wednesday, January 29, 2025, and the allotted shares will be credited to your demat account by Thu, Jan 30, 2025. Check the GB Logistics Commerce IPO allotment status.
The GB Logistics Commerce IPO listing date is on Fri, Jan 31, 2025.
