GB Logistics IPO opened for subscription on January 24, 2025, and closed on January 28, 2025.
It was a book-built issue of ₹25.07 crore. The issue was a fresh issue of 24.58 lakh shares. The GB Logistics IPO price band was set at ₹95 to ₹102 per share.
On Day 3 of subscription, January 28, as of 5:04 PM, GB Logistics IPO was subscribed 184.64 times. QIBs subscribed 25.1x, NIIs subscribed 543.55x, and retail investors subscribed 121.88x.
The share allotment was finalised on January 29, 2025, and the shares were listed on BSE SME on January 31, 2025.
On the listing day, on the BSE, at 10:35 AM, GB Logistics share price was trading at ₹79.50, down by 2.57% from its opening price of ₹81.60 and 22.06% down from its issue price of ₹102.00. As of the same time, the stock touched its day’s low at ₹77.55. The company’s market cap was ₹65.15 crore.
GB Logistics Commerce Limited operates through two key business segments: logistics and the trading of agricultural commodities. In logistics, the company offers comprehensive full-truckload freight services tailored to large and medium-sized enterprises. Utilising both owned and third-party transportation resources, GB Logistics delivers a range of services, including standard full-truckload transport, special handling requirements, go-down-to-go-down transportation, deliveries above the ground floor, and shipments to out-of-delivery areas.
Their diverse fleet, consisting of light, heavy, closed-body, and trailer trucks, ensures broad domestic coverage and prompt deliveries. Beyond logistics, GB Logistics is also involved in trading agricultural commodities. This secondary activity allows the company to leverage incidental opportunities arising from its core logistics operations.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 31, 2025, 11:30 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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