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GB Logistics IPO

Bidding Dates24 Jan 25 - 28 Jan 25
Min. Investment₹122400
Lot Size1200
Price Range₹95 - ₹102
Issue Size₹25.07
IPO DocRHP PDF

About GB Logistics IPO

GB Logistics IPO Overview

The GB Logistics IPO is a fresh issue of 24.58 lakh shares, aiming to raise ₹25.07 crores. This book-built issue provides investors with an opportunity to participate in the growth of a promising logistics company.

Key Dates

  • Subscription Period: Opens on January 24, 2025, and closes on January 28, 2025.
  • Allotment Finalization: Expected on Wednesday, January 29, 2025.
  • Tentative Listing Date: Friday, January 31, 2025, on the BSE SME platform.

Price Band & Investment Details

  • Price Range: ₹95 to ₹102 per share.
  • Minimum Lot Size: 1,200 shares, requiring a minimum investment of ₹1,22,400 for retail investors.
  • HNI Investment: Minimum of 2 lots (2,400 shares), amounting to ₹2,44,800.

Key Stakeholders

  • Book Running Lead Manager: SKI Capital Services Limited.
  • Registrar: Maashitla Securities Private Limited.
  • Market Maker: Svcm Securities Private Limited.

For comprehensive details, investors are encouraged to refer to the GB Logistics IPO Red Herring Prospectus (RHP).

This IPO presents a strategic opportunity for investors to be part of a growing logistics enterprise. Mark your calendars and stay informed to make well-timed investment decisions.

Timeline

EventDate
IPO Open Date24 Jan 25
IPO Close Date28 Jan 25
Cut-off time for UPI mandate confirmation28 Jan 25
Allotment Date29 Jan 25
Initiation of Refunds30 Jan 25
Credit of Shares to Demat30 Jan 25
Listing Date31 Jan 25

Lot Size

ApplicationLotSharesAmount
Retail1 - 11200 - 1200₹122400 - ₹122400
HNI2 - 22400 - 2400₹244800 - ₹244800

Objective

The net proceeds raised through the GB Logistics IPO will be allocated towards the following objectives:

  • Prepayment or Repayment of Borrowings: A portion of the funds will be used to prepay or repay certain outstanding borrowings availed by the company, thereby reducing interest costs and improving financial stability.
  • Working Capital Requirements: The proceeds will also be utilized to meet the company’s working capital needs, ensuring smooth operations and sustained growth.
  • Purchase of Truck Chassis and Truck Bodies: Funds will be allocated towards the acquisition of truck chassis and truck bodies to expand and modernize the company’s fleet.
  • General Corporate Purposes: The remaining funds will be used for general corporate purposes, including strategic initiatives and other business-related expenses.

This allocation of funds reflects the company’s commitment to strengthening its financial position, enhancing operational efficiency, and achieving long-term growth objectives.

GB Logistics IPO
Allotment Probability Calculator
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Note: The allotment probability is an estimate based on the current subscription rate and reservation data. This calculator does not guarantee allotment and should be used for informational purposes only.