GB Logistics Commerce came to market through an SME IPO that opened on 24 January 2025 and closed on 28 January 2025, and the shares listed on 31 January 2025 on BSE SME. The price band was ₹95 to ₹102 per share and one lot was 1200 shares, so the minimum application was ₹1,22,400. The issue size was ₹25.07 crore. The whole issue was fresh shares, so the money raised went to the company.
Maashitla Securities Private Limited was the registrar to the issue, and SKI Capital Services Limited was the lead manager.
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GB Logistics Commerce Limited incorporated in 2019 is in the business of Logistics. The company provides qualified drivers, a fleet of vehicles, and a charter network for flexibility, responsiveness, and high-capacity transportation. The company provides full truckload freight services to large and medium-sized enterprises, using its own as well as third-party transportation resources, to manage logistics efficiently. The company operates in two Business Segments Logisticsand Trading of Agricultural Commodities.
The logistics provides Full Truck Load, special handling, godown-to-godown transportation, above-ground floor deliveries, and expertise in Out of Delivery Area (ODA) shipments to the remote and difficult locations. Trading of Agricultural Commodities focuses on logistics near agricultural commodities, takes advantage of incidental trading opportunities to create further revenue, diversifies income, and supports both the agricultural and logistics sectors. As of January 15, 2024, the company has 39 full-time employees.
As described in the offer document.
Prashant Natwarlal Lakhan. Promoter holding 74.85% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
GB Logistics Commerce IPO was a ₹25.07 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹95–₹102 per share with a lot size of 1,200 shares (₹1,22,400). The IPO was open from January 24 to January 28, 2025. Shares listed on BSE SME on January 31, 2025 at ₹81.60, a 20.0% discount to the issue price of ₹102. Maashitla Securities Private Limited is the registrar. SKI Capital Services Limited is the book running lead manager.
The price band of GB Logistics Commerce IPO is ₹95 to ₹102 per share.
The lot size of GB Logistics Commerce IPO is 1200 shares.
The minimum investment for GB Logistics Commerce IPO is approximately ₹1,22,400 based on the upper price band.
The allotment date of GB Logistics Commerce IPO is Jan 29, 2025.
GB Logistics Commerce IPO's final recorded GMP before listing was ₹15 per share (a 15% premium over the ₹102 upper price band). The shares listed at ₹81.6. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check GB Logistics Commerce IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the GB Logistics Commerce IPO allotment status on Rupix for quick and easy access.
₹95 to ₹102 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,22,400. After listing, SME shares also trade in lots rather than one share at a time.
₹1,22,400, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 January 2025 and closed on 28 January 2025.
The basis of allotment was published on 29 January 2025 by Maashitla Securities Private Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 31 January 2025 on BSE SME.
The issue size was ₹25.07 crore. The fresh issue was 24,57,600 shares (aggregating up to ₹25.07 crore).