GB Logistics IPO Subscribed 5.85x on Day 1 

GB Logistics IPO Subscribed over 5.85x on its first-day subscription wherein QIB subscribed 7, NII subscribed 3.64x, and RII subscribed 6.14x.
GB Logistics IPO

GB Logistics IPO subscription started on Friday, 24th January 2025, and will close on January 28th, 2025, as per the schedule. The price band is set at ₹95 to ₹102 per share with a face value of ₹10.

GB Logistics IPO Subscription Status

GB Logistics IPO Subscribed over 5.85x on its first day till 5.00 PM on January 24th, 2025.

  • GB Logistics IPO subscription QIB investors’ portion was 7 times, while NII subscribers subscribed 3.64 times, and RII investors subscribed 6.14 times.
  • The company has received bids for 95,60,400 shares against 16,34,400 on offer for the First-day subscription. 
  •  GB Logistics IPO Subscribed over 5.85x on its first day.

About GB Logistics Company

GB Commerce Limited is one of the satisfactory companies in terms of logistics business, made good reputations in providing services, transportation services in different types of industrial. This firm was founded in 2019. It provides qualified and reliable drivers, a fleet of vehicles, and adaptable fast services. Mostly, to get good efficiency in logistics in a market it uses its own trucks and partners’ resources for reliable and timely services and enhances trust of customers. As it has two segments logistics and trading in agricultural commodities, logistics provides Full Truck Load services, specialized handling, door-to-door transportation, deliveries to upper floors, and expertise in delivering to remote and hard-to-reach areas (Out of Delivery Area shipments). While agricultural commodities get incidental trading opportunities to get more revenue. It has 39 full-time staff.

GB Logistics Financial Report

The company reported revenue of ₹115.63 crores in 2024. The company reported a profit of ₹4.86 crores in 2024.

GB Logistics IPO GMP:

GB Logistics IPO GMP was ₹20 as of Friday, 24th January 2025. That indicates the IPO is trading at ₹122 a with ₹102 premium in the grey market against the issue price of ₹102. 

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