GB Logistics IPO Details: This IP is going to open tomorrow, check this information immediately before investing…

GB Logistics IPO Details: The IPO of GB Logistics Commerce Limited is going to open for subscription on 24 January. Here are 10 things related to GB Logistics Commerce Limited IPO, which investors need to know before subscribing.

What is the business details of GB Logistics Commerce Limited?

GB Logistics Commerce Limited is engaged in the business of logistics. The company provides qualified drivers, fleet of vehicles and charter network for flexible, responsive and high capacity transportation.

The company provides full truckload freight services to large and medium-sized enterprises. It leverages its own and third-party transportation resources to manage logistics efficiently.

What is the current GMP of GB Logistics IPO?

According to market analysts, GB Logistics IPO GMP in the unlisted market is Rs 0.

What is the size of GB Logistics IPO?

This is a book built issue of Rs 25.07 crore. This is a brand new issue of 24.58 lakh shares. Prashant Natwarlal Lakhani is the promoter of the company.

GB Logistics IPO Details: What is the price band of GB Logistics IPO?

The price band of GB Logistics IPO has been fixed at Rs 95-102 per share. The minimum lot size with one application is 1200 shares. The minimum investment amount for retail investors is Rs 1 lakh 22 thousand 400.

What is the issue structure of GB Logistics IPO?

About 50 percent of the public offering is reserved for qualified institutional buyers, about 35 percent for retail investors and the remaining 15 percent for non-institutional investors.

How is the financial performance of GB Logistics?

In the financial year 2024, the company's revenue was Rs 115.63 crore and profit after tax was Rs 4.86 crore. In the current financial year for the period ending September 30, 2024, the company's revenue is Rs 50.85 crore and profit after tax is Rs 2.53 crore.

What are the objectives of IPO?

The company will use the funds raised from this issue to prepay or repay certain outstanding borrowings, meet working capital requirements, purchase truck chassis and truck bodies and for general corporate purposes.

When is the share allotment and listing date of GB Logistics IPO?

The IPO will open on 24 January and close on 28 January. The share allotment will probably be finalized on January 29. The shares will be credited to the demat account on January 30 and the company is expected to list the shares on BSE SME on January 31.

Who is the book-running lead manager for GB Logistics IPO?

SKI Capital Services Limited is the book running lead manager for the GB Logistics IPO.

Who is the registrar for GB Logistics IPO?

Mashitala Securities Private Limited is the registrar for this issue.