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GB Logistics Commerce IPO
GB Logistics Commerce Ltd
₹1,14,000 /1200 sharesMinimum investment
IPO details
Minimum investment
₹1,14,000
Price range
₹95 - ₹102
Lot size
1,200
Issue size
25.07 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers26.85x
Non-Institutional Investor542.98x
Retail Individual Investor104.74x
Total117.35x
As of 28 Jan'25, 05:00 PM
Schedule
24 Jan 2025
IPO open date
28 Jan 2025
IPO close date
29 Jan 2025
Allotment date
29 Jan 2025
Funds unblock or debit
31 Jan 2025
Tentative listing date
About
Founded in
2019
MD/CEO
Mr. Prashant Natwarlal Lakhani
Parent organisation
GB Logistics Commerce Ltd
GB Logistics Commerce Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
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.
Application details
For GB Logistics Commerce IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹95 - ₹102 | ₹2 - ₹5 Lakhs | 1200 |
| High Networth Individual | ₹95 - ₹102 | ₹2 - ₹5 Lakhs | 1200 |