GB Logistics IPO: Detailed Analysis and Overview
The GB Logistics IPO is scheduled to open on January 24, 2025, and close on January 28, 2025. This Book Built Issue aims to raise funds through a combination of a fresh issue and an offer for sale. The IPO will list on BSE SME on January 31, 2025. Below is a detailed, plagiarism-free analysis of the IPO, including financial data, objectives, and a summary.
Key Highlights of GB Logistics IPO
| Details | Information |
|---|---|
| IPO Open Date | January 24, 2025 |
| IPO Close Date | January 28, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | To be announced |
| Issue Size | To be announced |
| Issue Type | Book Built Issue |
| Retail Investor Quota | 35% |
| QIB Quota | 50% |
| HNI Quota | 15% |
| IPO Listing Date | January 31, 2025 |
Objectives of the Issue
The funds raised from the IPO will be used for:
- Repayment or Prepayment of Borrowings: Reducing financial liabilities.
- Working Capital Needs: Ensuring smooth day-to-day operations.
- Purchase of Truck Chassis and Bodies: Expanding logistics capabilities.
- General Corporate Purposes: Supporting growth and operational sustainability.
Market Lot Details for GB Logistics IPO
The specifics of the minimum and maximum lot size for the IPO will be updated once announced.
Important Dates for GB Logistics IPO
| Event | Date |
|---|---|
| IPO Open Date | January 24, 2025 |
| IPO Close Date | January 28, 2025 |
| Basis of Allotment | January 29, 2025 |
| Refund Initiation | January 30, 2025 |
| Credit to Demat Account | January 30, 2025 |
| IPO Listing Date | January 31, 2025 |
About GB Logistics Limited
Founded in 2019, GB Logistics Limited has carved a niche in the logistics industry. The company provides efficient, reliable, and timely logistics services using its fleet of vehicles and partners’ resources.
Key Offerings
- Logistics Services: Full Truck Load (FTL), specialized handling, and door-to-door deliveries.
- Remote Deliveries: Expertise in delivering to hard-to-reach and remote areas.
- Agricultural Commodities Trading: Engaging in incidental trading to boost revenue.
The company employs 39 full-time staff, ensuring a professional and streamlined approach to its operations.
Financial Performance of GB Logistics
The company has shown steady growth in revenue and profitability over the years.
| Period | Revenue (₹ Cr.) | Expenses (₹ Cr.) | Profit After Tax (₹ Cr.) | Total Assets (₹ Cr.) |
|---|---|---|---|---|
| 2024 | ₹115.63 | ₹108.87 | ₹4.86 | ₹58.60 |
| Sept 2024 | ₹50.85 | ₹47.46 | ₹2.53 | ₹59.28 |
Key Financial Ratios for FY2024
| Metric | Value |
|---|---|
| ROE (Return on Equity) | 27.36% |
| ROCE | 14.51% |
| EBITDA Margin | 8.01% |
| PAT Margin | 4.21% |
| Debt-to-Equity Ratio | 0.88 |
| Earnings Per Share (EPS) | ₹8.48 |
Peer Comparison
| Company | EPS (₹) | PE Ratio | RoNW (%) | Revenue (₹ Cr.) |
|---|---|---|---|---|
| VRL Logistics Limited | N/A | 56.74 | N/A | 2,888.62 |
| Ritco Logistics Limited | N/A | 30.60 | N/A | 933.30 |
| Orissa Bengal Carrier Limited | N/A | 32.90 | N/A | 335.18 |
Strengths of GB Logistics IPO
- Diverse Service Portfolio: Offers logistics and agricultural commodities trading.
- Efficient Operations: Expertise in logistics with reliable services and timely deliveries.
- Strong Financial Metrics: Consistent growth in revenue and profitability.
- Remote Area Expertise: Capabilities to deliver in remote and hard-to-reach locations.
Registrar and Lead Manager Details
- Registrar: Maashitla Securities Private Limited
- Contact: +91-11-45121795-96
- Email: investor.ipo@maashitla.com
- Lead Manager: SKI Capital Services Limited
Summary
The GB Logistics IPO provides a unique opportunity for investors to tap into the growing logistics sector. With a steady increase in revenue and profitability, coupled with a diverse service offering, GB Logistics presents itself as a viable investment for long-term growth.
FAQs
- When does the GB Logistics IPO open?
The IPO opens on January 24, 2025, and closes on January 28, 2025. - What is the IPO price band?
The price band is yet to be announced. - What is the lot size for retail investors?
The minimum and maximum lot sizes will be disclosed soon. - When will the IPO list on the stock exchange?
The IPO is scheduled to list on January 31, 2025, on the BSE SME platform. - What are the objectives of the IPO?
The funds will be used for debt repayment, working capital requirements, and purchasing trucks and chassis.