GB Logistics Commerce IPO Allotment Status: Check GMP Details, Steps to Verify
GB Logistics Commerce IPO allotment is scheduled for today, January 29, 2025. Founded in 2019, GB Logistics Commerce operates in two major sectors: logistics and agricultural commodity trading. The IPO for GB Logistics Commerce was open for bidding from January 24, 2025 to January 28, 2025. The IPO will be listed on the BSE, with the tentative listing date scheduled for Friday, January 31, 2025.
Steps to Check GB Logistics Commerce IPO Allotment Status on BSE
Here is the process to check GB Logistics Commerce IPO Allotment Status on BSE
- Open the Application Status page of BSE here.
- Choose 'equity' as the issue type.
- Select 'GB Logistics Commerce’ from the list of companies.
- Enter your IPO application number and PAN details.
- Verify the captcha by clicking on the 'I am not a Robot' box.
- Click on the submit button to check the details of the share allotment.
IPO Details
The GB Logistics Commerce IPO was open for bidding from January 24, 2025, to January 28, 2025, with the allotment scheduled today, Wednesday, January 29, 2025. The IPO, priced within a band of ₹95 to ₹102 per share, is set to list on the BSE, with the listing date scheduled for Friday, January 31, 2025.
Use of Proceeds
The company intend to utilise the net proceeds from the issue for the following purposes:
- Prepayment or repayment of a portion of certain outstanding borrowings availed by our Company
- Working Capital Requirements
- Fund expenditure towards purchase of truck chassis and truck bodies
- General Corporate Purposes
GB Logistics Commerce IPO - Overall Subscription Status
(January 28, 2025, end of the day)
The GB Logistics Commerce IPO was subscribed 184.64 times by the end of the subscription period, as per data available on the BSE. Retail investors subscribed 121.88 times, and non-institutional investors (NII) subscribed 543.55 times to the public issue, followed by Qualified Institutional Buyers (QIBs), who subscribed 25.1 times.
GB Logistics Commerce IPO GMP (Grey Market Premium) Details
The GMP (Grey Market Premium) for the GB Logistics Commerce IPO was Rs 30 as of Jan 28, 2025 at 7:33 p.m., according to NDTV Profit. As per the latest GMP trends, the listing price of the shares is likely to be Rs 132 a piece.
GB Logistics Commerce Business Overview
GB Logistics Commerce, established in 2019, operates primarily in two key sectors: logistics and agricultural commodity trading. The company offers integrated logistics solutions, specializing in the transportation of goods across industries, while also engaging in the trading of agricultural commodities. GB Logistics Commerce aims to enhance operational efficiency by providing innovative, end-to-end supply chain solutions.
In addition to logistics services, the company is focused on growing its presence in the agricultural sector, leveraging its expertise to streamline the trading of commodities. The IPO proceeds will be utilized to prepay outstanding borrowings, fund working capital requirements, purchase truck chassis and bodies, and support general corporate purposes. With a strong vision for growth, GB Logistics Commerce is positioning itself to expand its business operations and further strengthen its market footprint.
Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market, nor do we recommend or endorse trading in the grey market.