GB Logistics Commerce IPO: Open/Close Date, Price, Lot Size, Allotment & Subscription

IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

Up to 24,57,600 equity shares aggregating up to ₹ [●] lakh

Investor category and sub category

Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) | Eligible employees |

About GB Logistics Commerce Limited

GB Logistics Commerce Limited, founded on December 24, 2019, by Mr. Prashant Natwarlal Lakhani, specialises in full truckload freight services tailored for large and medium-sized enterprises. By harnessing a blend of proprietary and third-party transportation services, the company orchestrates logistics operations with efficiency. It prides itself on being a dependable partner for businesses spanning various sectors, offering complete solutions for cargo movement needs.

Originally known as "GB Logistics Private Limited," the company underwent name changes to reflect its evolving scope and identity better. Now operating under the name GB Logistics Commerce Limited. The company operates in two primary sectors: logistics and trading of agricultural commodities.

GB Logistics Commerce Limited is dedicated to providing exceptional customer service and is committed to excellence. Additionally, its wholly-owned subsidiary, GB Hospitality (India) Private Limited, shares the same commitment to delivering quality services in a similar line of business.

Industry Outlook:

The Indian logistics industry is projected to surge, with a predicted value of US$ 380 billion by 2025, growing at an impressive rate of 10%-12% annually. This exponential growth is attributed to the flourishing e-commerce sector and technological advancements. As the industry evolves with advancements like Transportation Management Systems (TMS) and Warehouse Management Systems (WMS), GB Logistics Commerce Limited can enhance its operational efficiency and offer superior customer service, thereby gaining a competitive edge.
In recent years, India has quickly become a net exporter of agricultural products. In FY 2022–2023 farm exports will reach $50.2 billion. The agriculture sector's robust growth, is fueled by strong Rabi sowing and rising exports of cereals and milled products. With wheat, rice, corn, and sugar leading the agricultural commodities market, the company can leverage its freight services and cargo solutions to meet transportation and trading demands for these staple crops.

GB Logistics Commerce Limited IPO Details

GB Logistics Commerce Limited IPO Dates

The exact dates are yet to be announced.

GB Logistics Commerce Limited IPO Price Band

The exact price range is yet to be announced.

GB Logistics Commerce Limited IPO Lot Size

The exact lot size is not announced yet.

GB Logistics Commerce Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

The company plans to utilise ₹500 lakh to prepay or repay a portion of outstanding borrowings, aiming to reduce debt burden and improve financial flexibility.
The company intends to allocate ₹937.77 lakh towards fulfilling working capital needs, ensuring smooth day-to-day operations and sustaining business growth.
Allocating ₹380 lakhs to fund the purchase of truck chassis and bodies, enhancing fleet capacity and efficiency in providing freight services.
The remaining proceeds will be used for general corporate purposes to support various operational needs and strategic initiatives.

Peer Details

The following are the listed peers of GB Logistics Commerce Limited:

VRL Logistics Limited
Ritco Logistics Limited
Orissa Bengal Carrier Limited

How to Check the Allotment Status of the GB Logistics Commerce Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of GB Logistics Commerce Limited IPO

Registered office: B-3, Saptak Plaza, Shivaji Nagar, Nagpur-440010, India
Phone: +91 9881078877
E-mail:compliance@gblogisticsindia.com

IPO Financials

Particulars	As at October 31, 2023	Year ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Revenue from Operations (in ₹ lakh)	3,316.63	4,029.93	1,723.97	263.81
Profit After Tax (PAT) (in ₹ lakh)	189.52	76.86	96.05	6.39
Cash and Cash Equivalents (in ₹ lakh)	544.50	131.00	39.03	34.67
Return on Net Worth (%)	31.53%	42.65%	92.95%	87.66%
Debt-Equity Ratio	2.31	2.73	1.14	3.67
Return on Equity (%)	0.24	0.43	0.93	0.88
Return on Capital Employed (RoCE) (%)	28%	36%	60%	88%
EBITDA (in ₹ lakh)	363.43	151.67	150.87	8.60

Know before investing

Strengths

GB Logistics Commerce Limited maintains a strong fleet of trucks, ensuring reliable and timely delivery services. The company's well-established logistics infrastructure enables smooth operations and efficient handling of large cargo volumes, enhancing its competitive edge.
GB Logistics Commerce Limited has a team that is highly skilled and experienced, and it has an extensive understanding of the logistics and transportation sectors. The company's skilled management group can effectively navigate obstacles and make well-informed judgments, which promotes resilience and adaptation.
By forming strategic alliances with other transportation providers, GB Logistics Commerce Limited has expanded its service offerings and guaranteed flexibility in satisfying client requests. Through these alliances, the business strengthens its position in the market and may take advantage of synergies to drive long-term growth.
There are several opportunities for GB Logistics Commerce Limited to grow its market share by offering its services in new geographic areas. The organisation may enhance its market share and leverage new possibilities by deliberately focusing on growth areas.

Risks

GB Logistics Commerce Limited's P/E ratio may not align with industry peers, potentially impacting investor perception and share price stability, leading to market volatility.
The company's reliance on third-party services exposes it to external risks, such as pricing fluctuations or service disruptions, which may compromise service quality and reliability.
Ensuring full compliance with evolving industry regulations presents challenges for GB Logistics Commerce Limited, with potential legal and operational repercussions if compliance standards are not met, posing a threat to the company's reputation and financial stability.
Dependency on leased premises and geographic concentration in Maharashtra expose GB Logistics Commerce Limited to risks such as lease renewal uncertainties, regional disruptions, and adverse weather conditions, impacting operational continuity and financial stability.