GB Logistics Commerce Ltd. was incorporated on December 24, 2019. The company operates in two key verticals: logistics and agricultural commodity trading. It offers full-truckload freight services to enterprises, leveraging proprietary and third-party transport, with services including specialized handling, go-down logistics, above-ground delivery, and out-of-delivery area shipments
| Bidding Dates |
|---|
| 24 Jan 2025 - 28 Jan 2025 |
| Subscription |
|---|
| 172.29x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 1200 | 2.5 M | ₹95 - ₹102 | 52.4 % | ₹233.5 M - ₹250.7 M | RHP DOC |
GB Logistics Commerce Ltd. IPO SUBSCRIPTION STATUS
28 Jan '25GB Logistics Commerce Ltd. IPO overall subscription rate was 172.29 times the total available shares
GB Logistics Commerce Ltd. IPO retail subscription rate was 162.13 times in the retail segment
GB Logistics Commerce Ltd. IPO non-institutional investor subscription rate was 722.74 times in the non-institutional investor category
GB Logistics Commerce Ltd. IPO Qualified Institutional Bidder subscription rate was 14.26 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
28 Jan 2025 (Day 3) | 162.13x | 722.74x | 14.26x |
27 Jan 2025 (Day 2) | 22.09x | 11.61x | 3.72x |
24 Jan 2025 (Day 1) | 8.15x | 4.84x | 3.72x |
GB Logistics Commerce Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 25.3 | 508.4 | 10.9 | 7.7 | 9.0% |
| FY24 | 48.6 | 1,156.2 | -206.1 | -202.9 | 8.0% |
GB Logistics Commerce Ltd. IPO SUBSCRIPTION STATUS DETAILS
GB Logistics Commerce Ltd. had 2.5 M shares on offer
GB Logistics Commerce Ltd. IPO offer price was in the range ₹95 - ₹102
GB Logistics Commerce Ltd. IPO minimum Investment was ₹114000
GB Logistics Commerce Ltd. IPO issue size was ₹ 233.5 M - ₹ 250.7 M
GB Logistics Commerce Ltd. had a minimum lot size of 1200 Shares per application
GB Logistics Commerce Ltd. NUMBER OF SHARES ON OFFER
GB Logistics Commerce Ltd. IPO IMPORTANT DATES
| Issue Open Date | 24 Jan 2025 |
| Issue close Date | 28 Jan 2025 |
| Allotment Date | 29 Jan 2025 |
| Refund Date | 30 Jan 2025 |
| Demat Account Credit Date | 30 Jan 2025 |
| Listing Date | 31 Jan 2025 |
| Listing on Exchange(s) | BSE |
| GB Logistics Commerce Ltd. Allotment Status | Exchange |
GB Logistics Commerce Ltd. IPO subscription opened on 24 Jan 2025, and closed on 28 Jan 2025
IPO allotment for GB Logistics Commerce Ltd. was finalized on Wednesday, 29 Jan 2025
IPO listing for GB Logistics Commerce Ltd. was on BSE on Friday, 31 Jan 2025
GB Logistics Commerce Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 102.0 |
| Listing Open Price | 81.6 |
| Listing Close Price | 81.8 |
| Listing Gain% | -20.0% |
| Current Gain% | -75.5% |
GB Logistics Commerce Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GB Logistics Commerce Ltd. | 25 | 20.5 | 2.3 | 0.9 | 0.2 | 15.3 | 7.3 | 135.7 | -34.1 | 9 | 2.6 | 11 | 2.6 |
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
GB Logistics Commerce Ltd. INFORMATION ON IPO ISSUE
About GB Logistics Commerce Ltd.
GB Logistics Commerce Ltd. was incorporated on December 24, 2019. The company operates in two key verticals: logistics and agricultural commodity trading. It offers full-truckload freight services to enterprises, leveraging proprietary and third-party transport, with services including specialized handling, go-down logistics, above-ground delivery, and out-of-delivery area shipments
Object of the Issue
- Working capital requirements
- Fund expenditure towards the purchase of truck chassis and truck bodies
- General corporate purposes
GB Logistics Commerce Ltd. - PROMOTERS
| Name |
|---|
| Prashant Natwarlal Lakhani |
GB Logistics Commerce Ltd. Lead Manager of the Issue
SKI Capital Services Limited
glcl@skicapital.net
GB Logistics Commerce Ltd. Registrar to the issue
Maashitla Securities Private Limited
investor.ipo@maashitla.com
GB Logistics Commerce Ltd. Strengths
Robust fleet & infrastructure
The company maintains an efficient fleet of trucks, ensuring reliable and timely deliveries. Its robust logistics infrastructure supports smooth operations and the management of large cargo volumes
Expertise & experience
The company benefits from a highly skilled workforce with deep expertise in logistics and transportation. Its experienced management ensures effective decision-making and adeptly navigates industry challenges
Strategic partnerships
The company has formed strategic collaborations with third-party transportation services, enhancing its service capabilities and ensuring flexibility in meeting customer demands
GB Logistics Commerce Ltd. Risks
Dependent on road network
The business depends on the road network and uninterrupted use of its vehicles. Any disruptions or delays could negatively impact operations, leading to potential reputation damage or loss of profitability
Dependent on brokers
The business relies on brokers for key operations like consignment booking and marketing. Losing key brokers or experiencing a significant decline in volume could negatively affect operations and financial performance
Transportation risks
Adverse events such as infrastructure disruptions, natural disasters, political unrest, workforce issues, and changes in economic conditions or government policies could negatively impact operations
IPO FAQs
The promoter of the company is Prashant Natwarlal Lakhani.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 95.0 - 102.0.
The IPO application opens on Jan 24, 2025 and closes on Jan 28, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 122,400.0.
This IPO will be allotted on Jan 29, 2025.
The refund will be credited to your account on Jan 30, 2025.
The allotted shares will be credited to your demat on Jan 30, 2025.
GB Logistics Commerce Ltd.’s shares listed on the stock exchanges on Jan 31, 2025.