GB Logistics Commerce IPO Closed
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Schedule of GB Logistics Commerce
| Issue open date | 24 Jan 2025 |
| Issue close date | 28 Jan 2025 |
| UPI mandate deadline | 28 Jan 2025 (5 PM) |
| Allotment finalization | 29 Jan 2025 |
| Refund initiation | 30 Jan 2025 |
| Share credit | 30 Jan 2025 |
| Listing date | 31 Jan 2025 |
| Mandate end date | 12 Feb 2025 |
| Lock-in end date for anchor investors (50%) | 28 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 29 Apr 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About GB Logistics Commerce
GB Logistics Commerce Limited is a diversified company operating in the logistics and agricultural commodities trading sectors. The company specializes in full truckload freight services, utilizing a mix of owned and third-party transportation to cater to large and medium-sized enterprises across India. With a focus on market expansion, operational efficiency, and specialised handling, GB Logistics aims to be a leading player in the logistics landscape. The company also engages in the trading of agricultural commodities, leveraging its logistics network to enhance its revenue streams.
Financials of GB Logistics Commerce
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹25.07 crores |
| Fresh Issue | ₹25.07 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Partial debt repayment | 5.00 (19.93%) |
| Working capital requirements | 9.37 (37.36%) |
| Truck acquisition costs | 3.80 (15.15%) |
| General corporate purposes | 6.90 (27.56%) |
Strengths
- Strong focus on full truckload freight services
- Flexible mix of owned and third-party transport
- Experienced leadership ensures growth
- Growing revenue shows financial strength
Risks
- Regulatory compliance challenges.
- Legal cases may affect trust.
- Fuel price volatility impacts costs.
- High short-term debt raises risk
Allotment Status for GB Logistics Commerce
To check your allotment status – click here.
Subscription Figures for GB Logistics Commerce
Subscription numbers as of 5:00 PM on 27 Jan 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 4.66 | 32.68 | 7.00x |
| HNI (₹2L+) | 4.74 | 30.61 | 6.46x |
| Retail (upto ₹2L) | 8.17 | 135.94 | 16.64x |
| Total | 17.58 | 199.24 | 11.33x |