IPO Details
Bidding Dates
24 Jan '25 - 28 Jan '25
Minimum Investment
₹1,22,400 / 1 Lot (1200 Shares)
Price Range
₹95 - ₹102
Maximum Investment
₹1,22,400 / 1 Lot (1200 Shares)
Retail Discount
To be announced
Issue Size
₹25.07 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |GB Logistics IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jan 24, 25
IPO Closing Date
Jan 28, 25
Basis of Allotment
Jan 29, 25
Initiation of Refunds
Jan 30, 25
IPO Listing Date
Jan 31, 25
GB Logistics IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
|
Day 1Jan 23, 2025 |
3.64 | 6.14 | 5.85 |
|
Day 2Jan 26, 2025 |
8.38 | 16.64 | 12.12 |
|
Day 3Jan 27, 2025 |
543.55 | 121.88 | 184.64 |
About GB Logistics IPO
GB Logistics IPO is a book-built issue and it includes a fresh issue of up to 24,57,600 equity shares of ₹10 each, aggregating up to ₹25.07 crore. The IPO opens for subscription today i.e. January 24, 2025, and closes on January 28, 2025. The allotment is expected to be finalised on February 1, 2025, with a tentative listing date of February 5, 2025, on the BSE SME platform.
The IPO price will be set within a price band of ₹95 to ₹102 per share. Retail investors can apply for a minimum investment of ₹1,22,400 for one lot, while HNI investors must apply in at least two lots, amounting to ₹2,44,800.
SKI Capital Services Limited is the book-running lead manager for this issue, while Maashitla Securities Private Limited serves as the registrar. SVCM Securities Private Limited is the market maker.
For detailed financial and operational information, investors can refer to the GB Logistics IPO RHP. This IPO presents an opportunity to invest in a growing enterprise listed on the SME platform of the BSE.
Industry Outlook
- India's logistics industry is set for significant growth, driven by infrastructure development, technology adoption, and rising demand for efficient transportation. The full truckload freight segment is evolving with innovations like vehicle tracking and route optimisation.
- Government initiatives such as Bharatmala Pariyojana and PM Gati Shakti are improving freight corridors and reducing logistics costs, supporting the sector's efficiency. Despite challenges like fuel price fluctuations, the logistics market remains critical for India's expanding economy, catering to growing demand from e-commerce, manufacturing, and agriculture sectors.
GB Logistics IPO Objectives
The company plans to allocate the net proceeds from the issuance to achieve the following objectives:
- Enhance operational capacity by acquiring truck chassis and bodies, thereby expanding its logistics fleet.
- Reduce outstanding borrowings, improving the company's overall financial health and stability.
- Address working capital requirements to support day-to-day business operations and maintain operational efficiency.
- Allocate funds towards general corporate purposes to strengthen the company’s strategic initiatives and future growth prospects.
About GB Logistics Limited
GB Logistics Limited, founded on December 24, 2019, is headquartered in Nagpur, Maharashtra. The company specialises in full truckload freight services, providing tailored cargo movement solutions to businesses across various sectors. Its operations leverage a mix of proprietary and third-party transportation networks to ensure seamless and reliable logistics services.
Over the years, the company has expanded its capabilities by integrating technological advancements like vehicle tracking and route optimisation. These innovations have enhanced operational efficiency and customer satisfaction, enabling GB Logistics to cater to the dynamic needs of its clients. The company's strong focus on technology-driven solutions positions it as a leader in the logistics industry.
GB Logistics partners with large and medium-sized enterprises to deliver efficient and timely freight services. Its comprehensive approach ensures clients benefit from cost-effective and reliable cargo transportation. The company’s customer-centric philosophy drives its commitment to maintaining high standards of service quality.
GB Logistics aims to strengthen its market presence and contribute to the evolving logistics sector in India. By focusing on innovation, strategic partnerships, and operational excellence, the company is well-positioned to support the nation’s growing economy and emerging infrastructure needs.
How To Check the Allotment Status of the GB Logistics 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.
How To Apply for GB Logistics IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the GB Logistics IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of GB Logistics IPO
Registered Office:
B-3, Saptak Plaza, Shivaji Nagar, Nagpur-440010, Maharashtra, India
Phone: +91 9881078877
E-mail:info@gblogisticsindia.com
GB Logistics IPO Reservation
|
Investor Category |
Shares Offered |
|
Anchor Investor Shares |
6,99,600 (28.47%) |
|
Market Maker Shares |
1,23,600 (5.03%) |
|
QIB Shares |
4,66,800 (18.99%) |
|
NII (HNI) Shares |
3,50,400 (14.26%) |
|
Retail Shares |
8,17,200 (33.25%) |
GB Logistics IPO Anchor Investors Details
GB Logistics IPO Secures ₹7.14 Crore from Anchor Investors.
|
Bid Date |
January 23, 2025 |
|
Shares Offered |
6,99,600 |
|
Anchor Portion Size (In ₹ crore) |
7.14 |
|
Anchor lock-in period end date for 50% shares (30 Days) |
February 28, 2025 |
|
Anchor lock-in period end date for remaining shares (90 Days) |
April 29, 2025 |
GB Logistics IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1200 |
₹1,22,400 |
|
Retail (Max) |
1 |
1200 |
₹1,22,400 |
|
HNI (Min) |
2 |
2400 |
₹2,44,800 |
GB Logistics IPO Promoter Holding
The promoters of the company are Prashant Natwarlal Lakhani.
|
Share Holding Pre-Issue |
74.85% |
|
Share Holding Post Issue |
- |
Key Performance Indicators for GB Logistics IPO
As of March 31, 2024, the market capitalisation of GB Logistics's IPO is ₹83.58 crore. Here are the KPIs of GB Logistics:
|
KPI |
Value |
|
RoE (%) |
27.36 |
|
RoCE (%) |
14.51 |
|
EBITDA Margin (%) |
8.01 |
|
PAT Margin (%) |
4.21 |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
EPS (₹) |
8.48 |
6.17 |
|
P/E (x) |
12.03 |
16.53 |
Note: GB Logistics Limited’s pre-IPO EPS is based on pre-issue shareholding and FY earnings as of March 31, 2024. Post-IPO EPS considers post-issue shareholding and annualised earnings as of September 30, 2024, offering insights into earnings per share before and after the IPO.
GB Logistics IPO Prospectus
GB Logistics IPO Registrar and Lead Managers
GB Logistics IPO Lead Managers
- SKI Capital Services Limited
Registrar for GB Logistics IPO
Maashitla Securities Private Limited
- Contact Number: +91-11-45121795
- Email Address: investor.ipo@maashitla.com
GB LogisticsIPO Registrar
Financial Performance of GB Logistics Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operations (in ₹ lakh) | 11,562.48 | 4,029.93 | 263.81 |
| PAT (in ₹ lakh) | 486.24 | 76.86 | 96.05 |
| EBITDA (in ₹ lakh) | 926.62 | 151.67 | 150.87 |
| ROE (%) | 27.36 | 42.65 | 92.95 |
| ROCE (%) | 14.51 | 11.44 | 43.41 |
| PAT Margin (%) | 4.21 | 1.91 | 5.57 |
| EBITDA Margin (%) | 8.01 | 3.76 | 8.75 |
Know before investing
Strengths
8-
Comprehensive full truckload freight services cater to diverse industries, providing reliable and efficient cargo transportation.
-
Strategic integration of technology, including vehicle tracking and route optimisation, enhances operational efficiency and customer satisfaction.
-
Strong partnerships with large and medium-sized enterprises drive consistent demand and establish a stable revenue base.
-
Government initiatives like Bharatmala Pariyojana and PM Gati Shakti create opportunities for infrastructure expansion and logistics efficiency.
-
A robust B2B model ensures repeat business and fosters long-term relationships with key clients across sectors.
-
Focus on innovation and sustainable practices positions the company as a competitive player in the evolving logistics landscape.
-
Well-organised operational processes and systematic delivery frameworks ensure timely services, catering to growing sectors like e-commerce and manufacturing.
-
Geographic reach and adaptability to local market needs strengthen the company's market presence and ability to scale operations effectively.
Risks
8-
Ongoing or potential legal proceedings could result in liabilities, penalties, or reputational damage, adversely impacting operations and profitability.
-
Reliance on overcoming challenges in logistics operations, including route optimisation and timely delivery, is critical; failure in these areas could hinder growth.
-
Intense competition within the logistics sector may lead to pricing pressures, reduced margins, and increased operational costs.
-
Dependence on third-party transportation networks poses risks of delays, defective services, or supply chain disruptions.
-
Regional concentration of operations exposes the company to risks from adverse local economic or political developments.
-
Customer-driven pricing pressures could impact profit margins and overall operational efficiency.
-
Fluctuating fuel prices and regulatory changes may significantly affect operational costs and profitability.
-
Operations based on leased facilities are subject to risks from lease renewals, disputes, or terminations, potentially disrupting logistics services.
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GB Logistics Limited Peer Details Comparison
| Company Name | EBITDA Margin (%) | PAT Margin (%) | ROE (%) | ROCE (%) |
|---|---|---|---|---|
| GB Logistics Limited | 8.01 | 4.21 | 27.36 | 14.51 |
| VRL Logistics Limited | 14.35 | 3.08 | 9.42 | 7.27 |
| Ritco Logistics Limited | 8.46 | 3.50 | 17.99 | 7.41 |
| Orissa Bengal Carrier Limited | 1.63 | 1.10 | 4.12 | 3.58 |
GB Logistics IPO FAQs
GB Logistics IPO is a book-built issue IPO. It will open for subscription from January 24, 2025, to January 28, 2025.
The Basis of Allotment will take place on January 29, 2025.
The IPO subscription window will open on January 24, 2025.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1200 shares.
The listing date for GB Logistics Limited is expected to be on January 31, 2025, on the SME platform of the BSE.
The issue size is up to ₹25.07 crore, consisting of a fresh issue of ₹25.07 crore.
The IPO will open on January 24, 2025, and close on January 28, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read GB Logistics’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the GB Logistics IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Maashitla Securities Private Limited is the registrar managing the IPO allotment process and handling investor-related queries.
GB Logistics IPO proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).
