January 17, 2025
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Subscription status of GB Logistics IPO
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GB Logistics IPO (Day 1) Price Rs. ? Lot ? shares, Rs. ?Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of GB Logistics?
Founded in 2019, GB Logistics Commerce Limited specializes in the logistics industry. The company provides a range of services, including qualified drivers, a fleet of vehicles, and a charter network, ensuring flexibility, responsiveness, and high-capacity transportation solutions.
GB Logistics Commerce offers full truckload (FTL) freight services to both large and medium-sized enterprises, utilizing a combination of its own transportation resources and third-party providers to optimize logistics operations.
Business Segments:
- Logistics: The company offers a variety of services, including Full Truck Load (FTL), special handling, godown-to-godown transportation, above-ground floor deliveries, and expertise in managing Out of Delivery Area (ODA) shipments to remote and difficult-to-reach locations.
- Trading of Agricultural Commodities: GB Logistics Commerce Limited also engages in logistics related to agricultural commodities. The company capitalizes on incidental trading opportunities, diversifying its revenue streams while supporting both the agricultural and logistics sectors.
As of January 15, 2024, the company employs 39 full-time staff members.
Get more information about the company @ https://gblogisticsindia.com/
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GB Logistics IPO Details |
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| IPO opens on | 24 January 2025 |
| IPO closes on | 28 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2457600 Shares / Rs ? Crore |
| * Fresh Issue | 2457600 Shares / Rs ? Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 123600 Shares |
| Net offer to Public | 2334000 Shares/ Rs.? Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. ? |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | – | – |
| HNI (15%) | ||
| RII (35%) | ||
| Total Shares | 2334000 | ? |
| Retail portion will be oversubscribed by |
? | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | ? Shares | Rs.? |
| Min HNI Application | ? Shares | Rs. ? |
Who are the Promoters of GB Logistics?
Prashant Natwarlal Lakhani is the promoter of the company.
What are the Objects of GB Logistics IPO?
The Offer comprises of fresh issue of shares.
The Company intends to utilize the funds which are being raised towards funding the following objects:
- 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
Tentative timetable |
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| IPO opens on | 24 January 2024 |
| IPO Closes on | 28 January 2025 |
| IPO Allotment on | 29 January 2025 |
| Refund Initiation | 30 January 2025 |
| Credit of Shares | 30 January 2025 |
| Listing on | 31 January 2025 |
| Registered Office of the Company GB Logistics Commerce Limited B-3, Saptak Plaza, Shivaji Nagar, Nagpur 440010 |
| Who is the Lead Manager of this IPO? SKI Capital Services ltd |
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Who is the Registrar to IPO? Maashitla Securities Pvt Ltd |
GB Logistics IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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GB Logistics IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | ||||
| 2022-23 | 62.89 | 0.64 | ||
| 2023-24 | 83.01 | 4.53 | 5.69 | 56.24 |
| Book Value of the Share on 31.03.2024 |
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| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 145 | ||
Key Performance
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| Price/EPS of 23-24 | 25.49 |
| Price/BV Ratio | |
| Debt/Equity Ratio | 0.97 |
How GB Logistics IPO compares with the Peers?
| As per RHP | FV | PE | RoNW |
| Ratio | Ratio | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
GB Logistics IPO Review by Paresh Gordhandas, CA & Research Analyst.
The lead manager: Horizon Management Pvt Ltd has 6:5 ratio of Positive:Negative listings.
+ from fundamental angle: May Apply
+ from grey market angle:
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