GB Logistics Commerce Ltd IPO
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GB Logistics Commerce Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 24.58 L | TBA | ₹ 8.17 L | ₹ 42.94 L | BSE | ₹ 25.07 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 24 Jan, 25 | 28 Jan, 25 | 1200 | ₹ 1,14,000 | Book Building - SME | 31 Jan, 25 |
GB Logistics Commerce Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 10.75x | 1166400 | 12535200 |
| NII | 543.91x | 350400 | 190586400 |
| Retail | 122.07x | 817200 | 99756000 |
| Employee | 0x | 0 | 0 |
| Total | 123.24x | 2457600 | 302877600 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
GB Logistics Commerce Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 115.62 | 1.26 | 1.49 |
| EBITDA | 5.61 | 1.47 | 1.69 |
| PAT | 3.60 | 0.77 | 0.96 |
| Total Assets | 44.98 | 20.90 | 10.40 |
| Share Capital | 5.74 | 0.01 | 0.01 |
| Total Borrowings | 12.11 | 5.38 | 1.72 |
| Operating Activities (Net Cash) | 3.90 | 0.98 | 1.16 |
| Investing Activities (Net Cash) | 1.94 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 12.11 | 5.38 | 1.72 |
| Net Cashflow | 0.17 | 1.31 | 0.39 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About GB Logistics Commerce Ltd
Our Company was originally incorporated as a private limited company under the Companies Act, 2013 in the name and style of GB Logistics Private Limited bearing Corporate Identification Number U63030MH2019PTC334896 dated December 24, 2019 issued by the Registrar of Companies, Mumbai.
The Indian full truckload freight services industry plays a pivotal role in the country's logistics landscape, facilitating the transportation of goods for diverse sectors. Characterized by a competitive landscape with numerous players, the industry is driven by the growing demand for efficient and reliable cargo movement. Key factors include the extensive road network, technological advancements, and the integration of both owned and third-party fleets. Challenges such as regulatory compliance and fuel price fluctuations impact operational dynamics. As the economy expands, the industry continues to evolve, adapting to changing market dynamics and embracing innovations for enhanced efficiency and cost-effectiveness.
Established on December 24, 2019, by Mr. Prashant Natwarlal Lakhani, GB Logistics Commerce Limited specializes in full truckload freight services for large and medium-sized enterprises. Utilizing both proprietary and third-party transportation services, the company efficiently conducts logistics operations. GB Logistics Commerce Limited positions itself as a partner for businesses across sectors, providing comprehensive cargo movement solutions. Additionally, the company has a wholly owned subsidiary, GB Hospitality (India) Private Limited, engaged in a similar line of business.
Peer Comparison:
- VRL Logistics Ltd
- Ritco Logistics Ltd
- Orissa Bengal Carrier Ltd
GB Logistics Commerce Ltd IPO Key Points
Strengths
- Strong partnerships, alliances and affiliations with nodal agencies in the areas of agriculture and skill development.
- Robust systems and processes across all functions of the company.
- Strong technology backbone supported by a dedicated team of experienced professionals.
- Favourable macro environment.
Risk
- The average price/earnings (P/E) ratio of the listed industry peer set was 78.73x while its P/E ratio will be at premium of [*] times at the higher price band and [*] times at the lower price band. The trading price of its Equity Shares may fluctuate based on a comparison of the P/E ratio of the listed industry peer set and the Company.
- There are certain recovery proceedings that are initiated against the Promoter of the Company.
- The company has recently acquired its Material Subsidiary from its Promoter.
Strategy
- Market Expansion and Coverage.
- Operational Efficiency and Flexibility.
- Specialized Handling and Value-Added Services.
- Technological Integration for Efficiency.
- Focus on Remote and Challenging Deliveries.
- Strong partnerships, alliances and affiliations with nodal agencies in the areas of agriculture and skill development.
- Robust systems and processes across all functions of the company.
- Strong technology backbone supported by a dedicated team of experienced professionals.
- Favourable macro environment.
How To Apply for GB Logistics Commerce Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
