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GB Logistics IPO
Price Band
₹95.0–102.0
Issue Size
₹25.07 Cr
Lot Size
1,200 shares
Min Investment
₹122,400
GMP
+₹16.0 (15.69%)
Issue Price
₹102.0
Subject to Sauda
₹14600
Paid only if allotted
GB Logistics IPO AI Summary
- GB Logistics IPO is listed on BSE SME.
- Price band: ₹95.0–₹102.0 per share, lot size 1,200 shares (min. investment ₹122,400).
- Subscription window: 24 Jan–28 Jan 2025, listing on 31 Jan 2025.
- Current GMP is +₹16.0 (15.69%), an estimated listing price of ₹118 — unofficial and can change daily.
GB Logistics Commerce Limited is set to list on January 31, 2025, with a focus on logistics and trading of agricultural commodities. The IPO aims to raise ₹25.07 Cr, with a price band of ₹95.0 to ₹102.0, and a minimum investment of ₹122,400.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
GB Logistics IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 28 Jan 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
GB Logistics IPO Grey Market Premium (GMP) Today
GMP
+₹16.0
GMP %
+15.69%
Est. Listing
₹118.0
Updated: 25 Jul 2026 14:31
About the Company
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
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 59.28 | 58.60 | ||
| Total Income | 50.85 | 115.63 | ||
| Profit After Tax | 2.53 | 4.86 | 0.77 | 0.96 |
| NET Worth | 20.55 | 17.77 | 1.80 | 1.03 |
| Reserves and Surplus | 14.81 | 12.04 | ||
| Total Borrowing | 20.07 | 15.72 | 4.92 | 1.18 |
Key Ratios
EPS
₹8.48
NAV
₹30.98
ROE
27.36%
ROCE
14.51%
RoNW
27.36%
P/B Value
3.29
P/E Ratio
12.03
Market Cap
₹83.58 Cr
PAT Margin
4.21%
Debt/Equity
0.88
Peer Comparison
| Company | P/E (x) |
|---|---|
| Orissa Bengal Carrier Ltd | 32.9 |
| Ritco Logistics Ltd | 30.6 |
| Vrl Logistics Ltd | 56.74 |
| GB Logistics Commerce Limited This IPO | — |
Promoters
Prashant Natwarlal Lakhani
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company 5.00 2 Working Capital Requirements 9.38 3 Fund expenditure towards purchase of truck chassis and truck bodies 3.80 4 General Corporate Purposes 4.79 5 Issue Expenses 2.10 Total 25.07
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹115.63 Cr in the year ending 31 Mar 2024, which decreased to ₹50.85 Cr by 30 Sep 2024. Though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹4.86 Cr for the year ending 31 Mar 2024, which declined to ₹2.53 Cr by 30 Sep 2024. Again, this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹102.0, the company's implied P/E ratio is approximately 12.03, compared to its peers trading at P/E ratios ranging from 30.6 to 56.74.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, as they can be subject to significant price fluctuations.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs experience a surge in price upon listing, others may not perform as well. Investors should be prepared for potential volatility and should not rely solely on listing gains as a measure of an IPO's success.
This evaluation is generated from GB Logistics's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is GB Logistics IPO GMP today?
GB Logistics IPO GMP today is +₹16.0 (15.69%), indicating an estimated listing price of ₹118. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of GB Logistics IPO?
The price band of GB Logistics IPO is ₹95.0–₹102.0 per share.
When does GB Logistics IPO open and close?
GB Logistics IPO opens on 24 January 2025 and closes on 28 January 2025.
When does GB Logistics IPO list on the stock exchange?
GB Logistics IPO listed on 31 January 2025 at ₹118.0.
What is the lot size for GB Logistics IPO?
The lot size for GB Logistics IPO is 1200 shares, requiring a minimum investment of ₹122,400.
What is the price band for the IPO?
The price band for the IPO is ₹95.0 to ₹102.0.
What is the minimum investment required?
The minimum investment required is ₹122,400.
What is the lot size for the IPO?
The lot size for the IPO is 1200 shares.
When is the listing date?
The listing date is set for January 31, 2025.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected premium or discount at which the stock may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Jan 2025
Close
28 Jan 2025
Allotment
29 Jan 2025
Listing
31 Jan 2025
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