The GB Logistics IPO is scheduled to open for subscription on January 24, 2025, and will close on January 28, 2025. The company aims to raise approximately ₹25.07 crores through this Book Built Issue, which consists of a fresh issue of 24.58 lakh shares with a face value of ₹10 each.
The price band for the IPO is set at ₹95 to ₹102 per share. The retail quota is 35%, the Qualified Institutional Buyers (QIB) quota is 50%, and the High Net-Worth Individuals (HNI) quota is 15%. The allotment for the GB Logistics IPO is expected to be finalized on January 29, 2025, and the listing will occur on the BSE SME with a tentative date of January 31, 2025.
Retail investors are required to invest a minimum of ₹1,22,400 for a lot size of 1,200 shares, while HNIs must apply for a minimum of two lots (2,400 shares), amounting to ₹2,44,800. The company reported revenue of ₹115.63 crores and a profit of ₹4.86 crores in 2024. Based on its strong financial performance, the IPO is recommended for long-term investors seeking opportunities in the logistics sector.
Overview of Contents
GB Logistics IPO Overview
| Details | Information |
|---|---|
| IPO Open Date | January 24, 2025 |
| IPO Close Date | January 28, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹95 to ₹102 Per Share |
| Issue Size | Approx ₹25.07 Crores |
| Fresh Issue | Approx ₹25.07 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
| Lot Size | 1,200 Shares |
| Total Issue Size | 24,57,600 Shares (aggregating up to ₹25.07 Cr) |
| Share Holding Pre Issue | 57,36,848 Shares |
| Share Holding Post Issue | 81,94,448 Shares |
| Market Maker Portion | 1,23,600 Shares |
| DRHP | Click here |
| RHP | Click here |
GB Logistics IPO Market Lot Size
Investors interested in the GB Logistics IPO can apply for a minimum of 1,200 shares. The following table outlines the investment amounts required by retail investors and High Net-Worth Individuals (HNI) based on the number of shares.
| Investor Type | Application | Shares | Investment Amount |
|---|---|---|---|
| Retail Investor (Min) | 1 Lot | 1,200 | ₹1,22,400 |
| Retail Investor (Max) | 1 Lot | 1,200 | ₹1,22,400 |
| HNI Investor (Min) | 2 Lots | 2,400 | ₹2,44,800 |
GB Logistics IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | Friday, January 24, 2025 |
| IPO Closing Date | Tuesday, January 28, 2025 |
| Allotment Basis Finalization | Wednesday, January 29, 2025 |
| Refund Initiation | Thursday, January 30, 2025 |
| Credit of Shares to Demat | Thursday, January 30, 2025 |
| Listing Date | Friday, January 31, 2025 |
| UPI Mandate Confirmation Cut-off | 5 PM on January 28, 2025 |
GB Logistics IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
GB Logistics IPO Promoter Holding
| Promoter | Share Holding Pre Issue | Share Holding Post Issue |
|---|---|---|
| Prashant Natwarlal Lakhani | 74.85% | [Post Issue Percentage] |
About GB Logistics IPO
GB Logistics Commerce Limited, founded in 2019, specializes in logistics and agricultural commodity trading. The company offers full truckload services, specialized handling, and transportation to remote areas, using both its fleet and third-party resources for efficient logistics. In addition, GB Logistics focuses on incidental trading of agricultural commodities to diversify income. With a dedicated workforce of 39 full-time employees, the company has built a strong reputation for reliable, flexible, and timely services. Its strategic partnerships and robust infrastructure enhance its market position.
Objects of the Issue
- 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
GB Logistics IPO Company Financial Report
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2024 | 115.63 | 108.87 | 4.86 | 58.6 |
| September 2024 | 50.85 | 47.46 | 2.53 | 59.28 |
GB Logistics IPO Valuation – FY2024
| Key Performance Indicator (KPI) | Value |
|---|---|
| Return on Equity (ROE) | 27.36% |
| Return on Capital Employed (ROCE) | 14.51% |
| EBITDA Margin | 8.01% |
| Profit After Tax (PAT) Margin | 4.21% |
| Debt to Equity Ratio | 0.88 |
| Earnings Per Share (EPS) | ₹8.48 (Basic) |
| Price to Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 27.36% |
| Net Asset Value (NAV) | ₹30.98 |
Peer Group Comparison
| Company Name | Earnings Per Share (EPS) | Price to Earnings (P/E) Ratio | Return on Net Worth (RoNW) % | Net Asset Value (NAV) | Income |
|---|---|---|---|---|---|
| VRL Logistics Limited | – | 56.74 | – | – | ₹2888.62 Cr. |
| Ritco Logistics Limited | – | 30.60 | – | – | ₹933.30 Cr. |
| Orissa Bengal Carrier Limited | – | 32.90 | – | – | ₹335.18 Cr. |
GB Logistics IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Managers aka Merchant Bankers
SKI Capital Services Limited
Company Address
GB Logistics Commerce Limited
B-3,
Saptak Plaza,
Shivaji Nagar, Nagpur 440010
Phone: 9881078877
Email: info@gblogisticsindia.com
Website: https://gblogisticsindia.com/
GB Logistics IPO FAQs
What is the GB Logistics IPO open date?
The GB Logistics IPO will open on January 24, 2025.
When will the GB Logistics IPO close?
The IPO will close on January 28, 2025.
What is the price band for the GB Logistics IPO?
The price band for the GB Logistics IPO is ₹95 to ₹102 per share.
How many shares are being offered in the GB Logistics IPO?
GB Logistics is offering approximately 24,57,600 shares in the IPO, aggregating to ₹25.07 crores.
What is the minimum investment amount for retail investors?
The minimum investment for retail investors is ₹1,22,400 for 1 lot (1200 shares).
What is the listing date for the GB Logistics IPO?
The GB Logistics IPO is expected to list on the BSE SME on January 31, 2025.
Who is the promoter of GB Logistics?
The promoter of GB Logistics is Prashant Natwarlal Lakhani.
What are the company’s revenue and profit figures for 2024?
For the financial year 2024, GB Logistics reported revenue of ₹115.63 crores and profit after tax of ₹4.86 crores.
What is the lot size for the GB Logistics IPO?
The lot size for the IPO is 1200 shares. Retail investors can apply for a minimum of 1 lot.