Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
GB Logistics Commerce IPO
GB Logistics Commerce Ltd
₹1,14,000 /1200 sharesMinimum Investment
GB Logistics Commerce IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹102.00 | ₹81.60 | -₹20.40 (20.00%) |
GB Logistics Commerce IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 24 Jan ‘25 - 28 Jan ‘25 | ₹1,14,000 | 1,200 | ₹95 - ₹102 |
| Issue Size | IPO Doc |
|---|---|
| 25.07Cr | RHP PDF |
Subscription rate
As of 28 Jan'25, 05:00 PM
| Qualified Institutional Buyers | 26.85x |
| Non-Institutional Investor | 542.98x |
| Retail Individual Investor | 104.74x |
| Total | 117.35x |
About GB Logistics Commerce
Founded in
2019
Managing director
Mr. Prashant Natwarlal Lakhani
Parent organisation
GB Logistics Commerce Ltd
Strengths & Financials of GB Logistics Commerce
Strengths
Risks
GB Logistics operates a diverse fleet that includes light trucks, heavy trucks, closed-body vehicles, and trailers. The company claims that this helps them make on-time deliveries.
The company claims to have formed strategic partnerships with third-party transportation providers, enhancing its service capacity and offering flexibility to meet varying customer needs effectively.
The company focuses on market expansion, improving operational efficiency, adopting advanced technology, and offering handling services. The company claims that this has helped it to establish itself as a reliable logistics partner.
The company, its directors and promoters are currently involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
The company is dependent on a limited number of customers for revenue. The top 10 customers contributed Rs 37.61 crore (73.98%) as of September 30, 2024, and Rs 92.60 crore (80.09%), Rs 21.86 crore (54.24%), and Rs 10.42 crore (60.43%) to the revenue from operations in FY24, FY23, and FY22, respectively. Any loss of any major client or a reduction in business from them could adversely impact the company’s operations and finances.
The company’s operations rely heavily on the road network and uninterrupted use of its vehicles. Any disruptions or delays in these road networks could negatively impact its operations.
A major share of the company’s revenue is generated from Maharashtra. Any adverse developments such as economic downturns, political instability or regulatory changes in the region could negatively affect the company's financial performance and operations.
As of September 30, 2024, the company had outstanding loans totaling Rs 20.07 crore. Any inability to repay or service these loans could adversely affect the company’s financial position.
GB Logistics Commerce Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of GB Logistics Commerce IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹95 - 102 | ₹2 - 5 Lakh |
| High Networth Individual | ₹95 - 102 | ₹2 - 5 Lakh |
For GB Logistics Commerce IPO, eligible investors can apply as Regular.