GB Logistics Commerce Limited, established in 2019, specializes in logistics and trading services across India. The company is set to launch its GB Logistics Commerce IPO on January 24, 2025, with the subscription period closing on January 28, 2025.
GB Logistics Commerce IPO Dates
| Event | Date |
| IPO Open Date | January 24, 2025 |
| IPO Close Date | January 28, 2025 |
| Basis of Allotment | January 29, 2025 |
| Initiation of Refunds | January 30, 2025 |
| Credit of Shares to Demat | January 30, 2025 |
| Listing Date | January 31, 2025 |
IPO Details:
- Issue Size: The IPO comprises a fresh issue of 2,457,600 equity shares, aggregating up to ₹25.07 crores.
- Price Band: The price band for the IPO is set between ₹95 to ₹102 per share.
- Lot Size: The minimum lot size details are yet to be announced.
- Listing: The shares are proposed to be listed on the BSE SME platform, with a tentative listing date of January 31, 2025.
The GB Logistics Commerce Limited IPO will open for subscription on January 24, 2025, and close on January 28, 2025.
GB Logistics Commerce IPO Price
The IPO price band for GB Logistics Commerce Limited is set between ₹95 and ₹102 per share. Investors can bid for shares within this range during the subscription period, from January 24, 2025, to January 28, 2025.
The minimum lot size for bidding is 1,200 shares, meaning the minimum investment required would be ₹114,000 (at the lower price band) or ₹122,400 (at the upper price band).
Financial Highlights:
For the fiscal year ending in 2024, GB Logistics Commerce Limited reported:
- Revenue: ₹115.63 crores
- Profit After Tax: ₹4.86 crores
- Return on Net Worth (RoNW): 42.65%
- Debt-Equity Ratio: 2.73
These figures reflect the company’s strong operational performance in the logistics and trading sectors.
Company Overview:
GB Logistics Commerce Limited offers comprehensive road transportation solutions, including full truckload services and specialized handling. The company emphasizes efficiency, reliability, and customer satisfaction, aiming to be a premier provider of road transportation solutions in India.
Investors interested in the IPO should review the Red Herring Prospectus (RHP) for detailed information and consult with financial advisors to assess the suitability of this investment.
GB Logistics Commerce IPO Returns
GB Logistics Commerce Limited, established in 2019, is a logistics company specializing in road freight services across India.
The company has demonstrated significant financial growth in recent years. Below is a summary of its financial performance:
| Financial Metric | FY 2022 | FY 2023 | FY 2024 (up to Sep 30) |
| Revenue (₹ Crore) | 1.49 | 1.26 | 50.85 |
| Profit After Tax (₹ Crore) | 0.96 | 0.77 | 2.53 |
| Total Assets (₹ Crore) | 10.40 | 20.90 | 59.28 |
| Net Worth (₹ Crore) | 1.03 | 1.80 | 20.55 |
| Total Borrowings (₹ Crore) | 1.18 | 4.92 | 20.07 |
These figures indicate a substantial increase in revenue and assets, reflecting the company’s expansion and operational efficiency.
Additionally, GB Logistics Commerce Limited is set to launch its Initial Public Offering (IPO) from January 24 to January 28, 2025, aiming to raise approximately ₹25.07 crore. The IPO price band is set between ₹95 to ₹102 per share.
GB Logistics Commerce IPO Growth
Below is a table summarizing the growth metrics of GB Logistics Commerce Ltd over the years, highlighting their financial progress:
| Metric | FY 2022 | FY 2023 | FY 2024 (up to Sep 30) | Growth Rate (2022 to 2024) |
| Revenue (₹ Crore) | 1.49 | 1.26 | 50.85 | 3,311% |
| Profit After Tax (₹ Crore) | 0.96 | 0.77 | 2.53 | 164% |
| Total Assets (₹ Crore) | 10.40 | 20.90 | 59.28 | 470% |
| Net Worth (₹ Crore) | 1.03 | 1.80 | 20.55 | 1,895% |
| Total Borrowings (₹ Crore) | 1.18 | 4.92 | 20.07 | 1,600% |
Key Growth Insights:
- Revenue Surge: The company experienced a massive revenue boost, increasing over 33 times in just three years.
- Profit Growth: Despite the rapid expansion, profitability remained strong, with profits almost tripling.
- Asset Expansion: A near fivefold increase in total assets reflects significant investment in infrastructure and operations.
- Enhanced Equity: Net worth rose sharply, indicating robust financial health and effective reinvestment strategies.
- Leverage Utilization: Borrowings increased, likely funding the company’s aggressive growth and asset acquisition.
GB Logistics Commerce Ltd is positioned as a rapidly expanding entity in the logistics sector, with sustained profitability and strong asset growth. This performance highlights its potential for future market dominance.
Strengths of GB Logistics Commerce IPO:
(1) Attractive Industry Prospects:
- The logistics sector in India is expected to grow significantly due to increasing e-commerce penetration, infrastructure development, and supply chain advancements.
(2) Diversified Revenue Streams:
- GB Logistics operates in logistics and agricultural commodity trading, reducing dependency on a single business vertical.
(3) Experienced Management Team:
- The company is led by a team with substantial expertise in logistics, which can drive strategic growth.
(4) High Return on Net Worth (RoNW):
- With an RoNW of 42.65% in FY24, the company demonstrates efficient capital utilization.
(5) Listing on BSE SME Platform:
- SMEs often have higher growth potential, and listing on the SME platform could provide greater visibility and access to capital for expansion.
(6) Focus on Strategic Partnerships:
- Collaborations with third-party logistics providers enhance service quality and geographic coverage.
Risks of GB Logistics Commerce IPO:
(1) High Debt Levels:
- The company’s debt-equity ratio of 2.73 indicates significant financial leverage, which could pressure profitability and future growth.
(2) SME IPO Risks:
- SME IPOs generally carry higher risk due to smaller-scale operations and limited liquidity compared to mainboard IPOs.
(3) Industry Competition:
- The logistics industry is highly competitive, with established players and new entrants offering similar services, impacting market share and pricing power.
(4) Dependency on Economic Cycles:
- The company’s revenue is closely tied to economic conditions, making it vulnerable to slowdowns or trade disruptions.
(5) Fluctuating Costs:
- Rising fuel prices, maintenance costs, and operational expenses could impact margins.
(6) Client Concentration:
- Dependence on a few key clients for a significant portion of revenue poses a risk if these relationships change.
(7) Regulatory Challenges:
- Logistics operations are subject to various regulations, and changes in policies could increase compliance costs or operational restrictions.
(8) Limited Scalability:
- As a smaller player in the market, the company may face challenges in scaling up operations to compete effectively with larger logistics providers.
IPO Details:
| Parameter | Details |
| IPO Open Date | January 24, 2025 |
| IPO Close Date | January 28, 2025 |
| Price Band | ₹95 to ₹102 per share |
| Lot Size | 1,200 shares |
| Minimum Investment | ₹114,000 (at ₹95/share) |
| Maximum Investment | ₹122,400 (at ₹102/share) |
| Total Issue Size | ₹25.07 crores |
| Fresh Issue | 2,457,600 equity shares |
| Listing Platform | BSE SME |
| Listing Date | January 31, 2025 |
Company Overview:
(1) Business Activities:
- Logistics Services: Offers full truckload (FTL) services for the transportation of goods.
- Trading of Agricultural Commodities: Trades products like wheat, rice, and other staples, leveraging its logistics capabilities.
(2) Operational Infrastructure:
- The company has its own fleet of vehicles and collaborates with third-party logistics providers for operational flexibility.
(3) Established Presence:
- GB Logistics has built a strong client base in India, focusing on reliability, timely deliveries, and customized solutions.
IPO Objectives:
(1) Working Capital Requirements:
- A significant portion of the funds will be used to support the company’s working capital needs.
(2) General Corporate Purposes:
- The funds will also be utilized for corporate expenses to improve operational efficiency.
(3) Debt Repayment:
- Some proceeds may go toward reducing the company’s debt levels.
Subscription Information:
- Investors can subscribe through ASBA (Application Supported by Blocked Amount) via online banking or UPI-based platforms.
- SME IPOs generally require higher investment amounts, so retail investors should consider the risks carefully.
Investor Note:
While the company operates in a high-growth sector, prospective investors should review the Red Herring Prospectus (RHP) for a comprehensive understanding of the company, financials, and risk factors. Consulting a financial advisor is recommended before making an investment decision.
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