The bidding starts for GB Logistics Commerce IPO will be on 24th June 2024 and last till 28 Jan 2025. The price range for GB Logistics Commerce IPO ₹95 to ₹102. The lot size is 1200 shares and the minimum investment amount will become ₹1,14,000. The IPO will be allocated on 29th Jan 2025.
The face value of GB Logistics Commerce IPO is rupees 10 per share. The IP will be listed on BSE SME only. The total issue size is ₹25 crores. The issue is all the fresh and there is no offer for sale for this IPO. There is no discount for retailers and employees of GB Logistics Commerce. Promoted holding before the IPO is around 75% and public group holding is around 25%. After the IPO the promoter’s holding will become 52.4% and public group holding will become 47.6%.
GB Logistics Commerce IPO GMP
Below is the live GPM price for GB Logistics Commerce IPO.
| Date | GMP | Trends | Kostak | Subject to Sauda |
|---|---|---|---|---|
| 23 Jan 2025 | – | – | – | – |
| 22 Jan 2025 | – | – | – | – |
| 21 Jan 2025 | – | – | – | – |
About GB Logistics Commerce
GB Logistics Commerce was incorporated in 2019 and currently operates its business in the logistics sector, and dealing with Agricultural Commodities. GB Logistics Commerce Limited provides logistics services across the various sectors it provides end-to-end logistic support from picking to delivering the product. It provides services with the help of various trucks such as light open-body trucks, heavy open-body, closed-body/container, and trailer trucks. It owns a subsidiary named GB Hospitality (India) Private Limited which also deals in such business.
GB Logistics Commerce Limited traded in agricultural commodities such as Chana Dal (also known as Chickpea Lentils) and Tor Dal (also known as Pigeon Peas). Its main business was in Maharastra which contributes around 80% of total revenue. From the top 5 Customers, the revenue contributes around 65% and the top 10 customers contribute almost 82% of total revenue. As of the Filing of DRHP, it has a total of 9 employees across sectors.
The Objective of GB Logistics Commerce IPO
Below the objectives which are mentioned in DRHP for GB Logistics Commerce IPO:-
- The primary objective is to repay borrowing.
- It will utilize the fund for the expenditure of the fleet and will purchase the truck chassis and bodies.
- It will use funds for working capital and general corporate purposes.
- Use funds for expenses of issue
GB Logistics Commerce IPO Details
| Stock Symbol | GBL |
| Industry | Logistric |
| Issue Size | ₹25Cr |
| Lot Size | 1200 |
| Price Range | ₹95 – ₹102 |
| Bid Start Date | 24 Jan 2025 |
| Bid End Date | 28 Jan 2025 |
| Allotment Date | 29 Jan 2025 |
| Refund and Share Credit Date | 30 Jan 2025 |
| Listing Date | 31 Jan 2025 |
| Mandate End Date | 12 Feb 2025 |
| Lock-in end Date | 29 Apr 2025 |
| Prospectus | Download |
| Address | B-3, Saptak Plaza, Shivaji Nagar, Nagpur-440010 India |
| Email Id | compliance@gblogisticsindia.com |
| Phone No | +91 9881078877 |
GB Logistics Commerce Valuation
All the valuations are in crores(Cr) INR for the Capital Numbers Infotech IPO valuation. If you want to see more detail on the IPO then follow my blog here.
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2022 March | 11.49 | 17.32 | 0.96 |
| 2023 March | 21.88 | 40.44 | 0.76 |
| 2024 March | 48.36 | 64.45 | 3.6 |
| 2024 Sep | 42.54 | 26.22 | 1.71 |