GB Logistics IPO Listed at 20% discount on BSE at ₹81.60

GB Logistics IPO is listed with a discount of 20% at ₹81.60 on the BSE (Bombay Stock Exchange). The IPO GMP was Rs 30 last heard.

GB Logistics IPO subscribed overall 184.64 times on the last day, while A retail quota was subscribed at 121.88 times, QIB subscribed 25.1 and NII quota subscribed 543.55 times respectively.

Details About GB Logistics

GB Logistics got approval from SEBI for an IPO of ₹25.07 crores via IPO that comprises a fresh issue of ₹25.07 crores to raise funds and maintain financial stability. The face value of each share was Rs 10. Moreover, the company has set up a price band between₹95 to ₹102 per share. In this IPO, a total of 1200 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 1200 shares in 1 lot size, while S-HNI (Min) total of 2,400 shares in 2 lot size.

To invest in this IPO, each investor category has specific investment amounts:

  • Retail Investors: Minimum investment of ₹1,22,400 and maximum investment of ₹1,22,400.
  • Small HNI (S-HNI): Minimum investment of ₹2,44,800.

Subscription duration of GB Logistics 

GB Logistics IPO was opened for subscription on January 24, 2025, and was closed for subscription on January 28, 2025. The Allotment status of GB Logistics was finalized on January 29, 2025, whereas the IPO listing is to be announced on January 31, 2025.

Funds Deployment of This Company

The company plans to use the money raised from the new shares for the following purposes:

  • The proceeds will be used to prepay or repay the existing old borrowings taken by the Company.
  • The company will use the funds in the expenses of Working Capital Requirements of the company.
  • Implement the raised Funds for the expenses towards the purchase of truck chassis and truck bodies
  • At last, the remaining funds will be utilized for general corporate purposes.

About GB Logistics IPO

One of the leading and most successful companies, GB Logistics incorporated in 2019, engaged in the logistics business by providing various full truckload freight services to large and medium-sized enterprises. The company provides logistics services by using both its own and third-party transportation services. GB Logistics Commerce Limited is renowned for establishing itself as a trustworthy partner to numerous businesses across sectors offering Cargo movement solutions. They own a subsidiary, GB Hospitality (India) Private Limited, which operates in a similar field. GB Logistics Commerce is also involved in utilizing secondary agricultural trade opportunities for extra revenue while also maintaining its main business of logistics. As of now, the company has a full-time staff of 39 employees. 

GB Logistics IPO Financial Background

In 2024, GB Logistics announced a revenue of ₹115.63 crores. In 2024, the company published a profit of  ₹4.86 crores in 2024.

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