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Global Ocean Logistics IPO
Global Ocean Logistics India Ltd
₹2,36,800 /1600 sharesMinimum Investment
Global Ocean Logistics IPO Details
| Bidding dates | Minimum investment | Lot size | Price range |
|---|---|---|---|
| 17 Dec ‘25 - 19 Dec ‘25 | ₹2,36,800 | 1,600 | ₹74 - ₹78 |
| Issue size | IPO doc | Tentative allotment date | Tentative listing date |
|---|---|---|---|
| -- | RHP PDF | 22 Dec ‘25 | 24 Dec ‘25 |
| Face value |
|---|
| 10 |
About Global Ocean Logistics
Founded in
2021
MD/CEO
Mr Niraj Nandkishor Narsaria
Parent organisation
Global Ocean Logistics India Ltd
Strengths & Risks of Global Ocean Logistics
Strengths
Risks
Global Ocean Logistics India claims to have long-term relationships with a wide range of customers across industries. The company served 704, 633, and 589 customers in FY25, FY24, and FY23, respectively. It also claims to have 182 customers associated for more than three years. The client mix includes hazardous goods, project logistics, and fast-moving consumer goods (FMCG), and the company reports having two dangerous-goods-certified employees for air and sea movements.
The company claims to operate an asset-light model via partners for containers, vehicles, warehouses, and multi-axle transporters, and to use application programming interface (API)-based tracking for visibility and delay reduction. It reports licenses/certifications, including Multimodal Transport Operator (MTO), International Air Transport Association (IATA), Federal Maritime Commission (FMC), Authorised Economic Operator (AEO), and Federation of Freight Forwarders’ Associations in India (FFFI/FFFAI). It also cites memberships of the World Cargo Alliance (WCA) and JCTRANS Logistics Network (JCtrans), providing access to a network of 20,000 agents.
Global Ocean Logistics claims to offer a broad multimodal suite covering ocean freight forwarding, road/rail transport, air freight forwarding, container freight station (CFS) activities, customs clearances, and related services. The company states that, combined with an asset-light model, this portfolio helps maintain lower fixed costs and operational control while addressing varied client requirements across industries.
The company claims to operate through Indian locations such as Nhava Sheva, Hazira, Tumb, Pune, Mundra, and Chennai, with pan-India coverage across over 20 states via four marketing offices, and it provides services overseas through agent networks for cross-country logistics.
The top five suppliers accounted for 27.08 percent, 25.68 percent, and 25.27 percent of the company’s total purchases for FY25, FY24, and FY23, respectively. Any loss of these providers or reduced capacity/less favourable rates could impair operations. Additionally, the growing use of digital freight marketplaces could disintermediate the company, weaken pricing control, and shift volumes to competitors.
The top customer accounted for Rs 35.40 crore (18.58 percent) of the company’s revenue in FY25, Rs 13.61 crore (13.32 percent) in FY24, and Rs 14.33 crore (7.58 percent) in FY23. Failure to retain this key customer or expand the customer base could adversely affect the company’s business and financial standing.
The company depends on clients operating in chemical & allied products, textiles & commodities, and machine equipment. They accounted for 50.26 percent, 56.83 percent, and 53.81 percent of the company’s revenue in FY25, FY24, and FY23, respectively. Any adverse sectoral downturns, driven by demand shifts, regulation, input/fuel costs, or technology-led disruption, could reduce volumes from these customers and negatively impact revenue and profitability.
The company reported outstanding trade receivables of Rs 23.05 crore in FY25, of which the amount overdue beyond six months was Rs 1.24 crore. This is an increase from Rs 11.99 crore in FY24 and Rs 8.38 crore in FY23. Any failure to collect these receivables on time or at all could adversely affect liquidity, cash flows, and the company’s financial condition.
Maharashtra accounted for Rs 90.68 crore (47.59 percent) of the company’s revenue in FY25, Rs 51.32 crore (50.21 percent) in FY24, and Rs 102.01 crore (53.97 percent) in FY23. Any adverse political, social, or economic developments in this region can negatively impact the company’s business, financial condition, and results of operations.
A major share of the company’s freight-forwarding revenue comes from ocean freight. It accounted for 63.85 percent, 53.52 percent, and 77.80 percent of the company’s freight forwarding revenue in FY25, FY24, and FY23, respectively. Any disruption in ocean transportation, or a shift of customers to alternative modes, could reduce orders, delay deliveries, trigger payment delays, and adversely affect results; mishaps or accidents (including at third-party carriers) could also lead to liabilities or contract termination and harm operations.
The company reported negative cash flow from operating activities amounting to Rs 1.76 crore in FY25 and Rs 0.27 crore in FY23. This was mainly due to an increase in trade receivables and a decrease in trade payables. Additionally, negative cash flow from investing activities amounted to Rs 0.27 crore in FY25, Rs 0.52 crore in FY24, and Rs 0.45 crore in FY23, largely from fixed-asset and investment purchases. The company also reported negative cash flow from financing activities amounting to Rs 0.18 crore in FY24 and Rs 0.04 crore in FY23. Sustained negative cash flow may strain liquidity and adversely affect operations and financial stability.
The company, its KMPs, and SMPs are involved in certain ongoing legal proceedings, including criminal and tax-related disputes. Adverse judgments in any of these cases could hurt the company’s business prospects.
Global Ocean Logistics was incorporated on January 8, 2021, and therefore has a relatively short track record as a corporate entity. Its limited operating history makes it difficult to accurately assess long-term performance, business sustainability, and the impact of changing market conditions.
Global Ocean Logistics Financials
*All values are in Rs. Cr
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Application Details of Global Ocean Logistics IPO
| Apply as | Price band | Apply Range | Lot size |
|---|---|---|---|
| Individual investor | ₹74 - 78 | ₹2 - 5 Lakh | 1600 |
For Global Ocean Logistics IPO, eligible investors can apply as Individual investor.