Incorporated in 2019, GB Logistics Commerce Limited is engaged in the business of Logistics.
The company offers qualified drivers, a fleet of vehicles, and a charter network for flexibility, responsiveness, and high-capacity transportation.
The company offers full truckload freight services to large and medium-sized enterprises, leveraging both its own and third-party transportation resources to efficiently manage logistics.
The company operates in two Business Segments Logisticsand Trading of Agricultural Commodities.
In Logistics the company offers Full Truck Load, special handling, godown-to-godown transportation, above-ground floor deliveries, and expertise in Out of Delivery Area (ODA) shipments to remote and challenging locations.
In Trading of Agricultural Commodities the company focuses on logistics near agricultural commodities, capitalizing on incidental trading opportunities to generate additional revenue, and diversifying income while supporting the agricultural and logistics sectors.
As of January 15, 2024, the company has 39 full-time employees.
Competitive Strength:
- Robust Fleet and Infrastructure
- Expertise and Experience
- Strategic Partnerships
| Purpose | Amount (₹ Cr) |
|---|---|
| Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company | — |
| Working Capital Requirements | — |
| Fund expenditure towards the purchase of truck chassis and truck bodies | — |
| General corporate purposes | — |
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 59 | 59 | — |
| Revenue | 51 | 116 | — |
| PAT | 3 | 5 | 1 |
| Net Worth | 21 | 18 | 2 |
| Reserves | 15 | 12 | — |
| Total Borrowing | 20 | 16 | 5 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,166,400 (47%) | — |
| NII / HNI | — | 350,400 (14%) | — |
| Retail (RII) | — | 817,200 (33%) | — |
| Market Maker | — | 123,600 (5%) | — |
| Total | — | 2,457,600 (100%) | — |
* Amount calculated at upper price band (₹102) · ** Total includes all investor categories
- 1 Initiation of Refund 30 Jan 2025
- 2 Credit of Shares to Demat 30 Jan 2025
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 17x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹8 compares to post-issue EPS of ₹6 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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