GB Logistics IPO - Day 3 Subscription at 16.83 Times

resr 5paisa Research Team

Last Updated: 28th January 2025 - 12:42 pm

Listen icon

GB Logistics' initial public offering (IPO) has demonstrated remarkable growth in investor interest throughout its three-day subscription period. The IPO showed strong momentum from the start, progressing steadily from 5.85 times on day one, to 12.12 times on day two, and ultimately reaching an impressive 16.83 times by 10:44:49 AM on the final day.


 

 

GB Logistics IPO has witnessed particularly enthusiastic participation from retail investors, who have led the subscription with 23.93 times coverage, while Non-Institutional Investors have shown strong confidence with 13.35 times subscription. The Qualified Institutional Buyers segment has maintained a steady presence with 7.00 times subscription, demonstrating balanced institutional interest in the offering.

Subscription Status of GB Logistics IPO:

Date QIB NII Retail Total
Day 1 (Jan 24) 7.00 3.64 6.14 5.85
Day 2 (Jan 27) 7.00 8.38 16.64 12.12
Day 3 (Jan 28)* 7.00 13.35 23.93 16.83

*As of 10:44:49 AM

Here are the subscription details for GB Logistics IPO as of Day 3 (28th January 2025, 10:44:49 AM):

Investor Category Subscription (times) Shares Offered Shares Bid For Total Amount (Rs Cr.)
Anchor Investors 1.00 6,99,600 6,99,600 7.14
Market Maker 1.00 1,23,600 1,23,600 1.26
Qualified Institutions 7.00 4,66,800 32,68,800 33.34
Non-Institutional Buyers 13.35 3,50,400 46,78,800 47.72
Retail Investors 23.93 8,17,200 1,95,51,600 199.43
Total 16.83 16,34,400 2,74,99,200 280.49

Note:

  • "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
  • The Market Maker portion is not included in the NII category.

 

GB Logistics IPO Key Highlights - Day 3:

  • Overall subscription achieved impressive 16.83 times on the final day
  • Retail investors demonstrating exceptional interest at 23.93 times
  • Non-Institutional Investors showing strong confidence at 13.35 times
  • QIB portion maintaining steady 7.00 times subscription
  • Total bids worth ₹280.49 crores received
  • Applications reached 18,817 showing robust investor participation
  • Final day demonstrating sustained momentum
  • All segments showing significant oversubscription
  • Market response indicating strong investor confidence

 

GB Logistics IPO - Day 2 Subscription at 12.12 Times

Key Highlights - Day 2:

  • Overall subscription grew substantially to 12.12 times
  • Retail investors showing accelerated interest at 16.64 times
  • Non-institutional investors progressed to 8.38 times
  • QIB portion stable at 7.00 times
  • Day two maintaining strong momentum
  • Market response indicating growing confidence
  • Subscription trend showing consistent growth
  • All segments demonstrating healthy participation
  • Strong retail and institutional support evident
     

GB Logistics IPO - Day 3 Subscription at 5.85 Times

Key Highlights - Day 1:

  • Overall subscription opened strong at 5.85 times
  • Retail investors began well at 6.14 times
  • Non-institutional investors started at 3.64 times
  • QIB portion impressive at 7.00 times
  • Opening day showing robust response
  • Market confidence evident from start
  • Initial momentum indicating strong interest
  • Day one exceeding expectations
  • Balanced participation across categories

 

About GB Logistics Commerce Limited

Incorporated in 2019, GB Logistics Commerce Limited has established itself as a comprehensive logistics solutions provider with a dual focus on transportation services and agricultural commodity trading. The company has developed a robust business model that combines qualified drivers, a versatile fleet of vehicles, and an extensive charter network to deliver flexible and responsive transportation solutions to its clients.

The company operates through two distinct but complementary business segments. In its core logistics segment, they provide full truckload freight services to large and medium-sized enterprises, offering specialized services including special handling, godown-to-godown transportation, and expertise in Out of Delivery Area shipments to remote locations. Their agricultural commodities trading segment strategically complements their logistics operations, allowing them to capitalize on trading opportunities while supporting both the agricultural and logistics sectors.

Their business model is strengthened by their focus on operational excellence and strategic partnerships. As of January 15, 2024, the company maintains a workforce of 39 full-time employees, demonstrating efficient operational management. Their financial performance shows steady growth, with revenue of ₹50.85 crores and profit after tax of ₹2.53 crores for the period ended September 30, 2024, reflecting their established position in the logistics and agricultural trading sectors.
 

Highlights of the GB Logistics IPO:

  • IPO type: Book Built Issue SME IPO
  • IPO size: ₹25.07 crores
  • Fresh Issue: 24.58 lakh shares
  • Face value: ₹10 per share
  • Price band: ₹95 to ₹102 per share
  • Lot size: 1,200 shares
  • Minimum investment for retail investors: ₹1,22,400
  • Minimum investment for HNI: ₹2,44,800 (2 lots)
  • Market maker reservation: 1,23,600 shares
  • Listing at: BSE SME
  • IPO opens: 24th January 2025
  • IPO closes: 28th January 2025
  • Allotment date: 29th January 2025
  • Refund initiation: 30th January 2025
  • Credit of shares: 30th January 2025
  • Listing date: 31st January 2025
  • Lead Manager: SKI Capital Services Limited
  • Registrar: Maashitla Securities Private Limited
  • Market Maker: SVCM Securities Private Limited

 

FREE Trading & Demat Account
Open FREE Demat Account with endless opportunities.
  • Flat ₹20 Brokerage
  • Next-gen Trading
  • Advance Charting
  • Actionable Ideas
+91
''
By proceeding, you agree to our T&Cs*
Mobile No. belongs to
hero_form

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91

By proceeding, you agree to all T&C*

footer_form