{"id":48161,"date":"2025-01-23T10:11:30","date_gmt":"2025-01-23T04:41:30","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2025\/01\/23\/gb-logistics-commerce-limited-ipo-opens-on-24th-january-2025\/"},"modified":"2025-01-23T10:11:30","modified_gmt":"2025-01-23T04:41:30","slug":"gb-logistics-commerce-limited-ipo-opens-on-24th-january-2025","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2025\/01\/23\/gb-logistics-commerce-limited-ipo-opens-on-24th-january-2025\/","title":{"rendered":"GB Logistics Commerce Limited IPO Opens On 24th January 2025"},"content":{"rendered":"<div>\n<p><span data-sheets-root=\"1\"><strong>Nagpur (Maharashtra) [India], January 23:<\/strong> <\/span>GB Logistics Commerce Limited, operating in Logistics sector, has announced its plan to go public with an IPO on January 24, 2025, aiming to raise \u20b9 25.07 Crores, with shares to be listed on the BSE SME platform.<\/p>\n<p>The issue size is\u00a0Up To\u00a0<a name=\"_Hlk187851013\"><\/a>24,57,600\u00a0equity shares at\u00a0a\u00a0face value of\u00a0\u20b9\u00a010\u00a0each.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<ul>\n<li><strong>QIB Anchor Portion<\/strong> \u2013 Up to 6,99,600 Equity Shares<\/li>\n<li><strong>Qualified Institutional Buyers (QIB)<\/strong> \u2013 Up to 4,66,800Equity Shares<\/li>\n<li><strong>Non-Institutional Investors (NII)<\/strong> \u2013 <a name=\"_Hlk172717439\"><\/a>Not less than\u00a03,50,400Equity Shares<\/li>\n<li><strong>Retail Individual Investors (RII)<\/strong> \u2013 Not less than 8,17,200Equity Shares<\/li>\n<li><strong>Market Maker<\/strong> \u2013 Up to 1,23,600 Equity Shares<\/li>\n<\/ul>\n<p>The net proceeds from the Issue will be utilized primarily for Prepayment\u00a0or Repayment\u00a0of\u00a0a\u00a0Portion\u00a0of Certain Outstanding Borrowings, Working Capital Requirements, Expenditure Towards\u00a0the Purchase\u00a0of Truck Chassis\u00a0&amp;\u00a0Truck Bodies,\u00a0&amp;\u00a0General Corporate Purposes.\u00a0The anchor portion will open on January\u00a023, 2025. The issue will open for public on January24, 2025\u00a0and the issue will close on January\u00a028, 2025.<\/p>\n<p>The\u00a0Book Running\u00a0Lead Manager to the Issue is\u00a0<a name=\"_Hlk187848842\"><\/a>SKI Capital Services Limited,\u00a0The Registrar to the Issue is\u00a0Maashitla Securities Private Limited.<\/p>\n<p>Mr. Prashant N Lakhani,\u00a0Managing Director\u00a0of\u00a0GB Logistics Commerce Limited\u00a0expressed,\u00a0\u201cThis IPO represents an important step forward in our journey and highlights the progress we have made in the logistics. Since our inception, GB Logistics has been focused on full truckload freight services across India. By utilizing both proprietary and third-party logistics solutions, we have established a foundation for operational\u00a0stability.<\/p>\n<p>The IPO proceeds will be directed toward repaying a portion of our borrowings and investing in truck chassis and bodies to strengthen our logistics capabilities. These investments are aimed at reducing third-party reliance,\u00a0contributing towards our\u00a0operations,\u00a0andcontrol over operations and profitability.<\/p>\n<p>This IPO will support our plans to expand operations, increase market presence, and reinforce our corporate identity.\u201d<\/p>\n<p>Mr.\u00a0Ghanisht Nagpal, Partner Investment Banking\u00a0of\u00a0SKICapital\u00a0Services Limited\u00a0said,\u00a0\u201cThe IPO of GB Logistics marks a\u00a0new\u00a0milestone in the company\u2019s growth journey. With the ongoing industrialization, infrastructure development, and technological advancements, the logistics industry in India is evolving rapidly, offering opportunities for companies like GB Logistics to expand within the full truckload freight services segment.<\/p>\n<p>The company emphasizes\u00a0on\u00a0operations, technology integration, and service diversification to align with sector requirements. The IPO proceeds will be utilized to expand operations and achieve strategic objectives.<\/p>\n<p>We are pleased to be a part of this process and believe the company will contribute positively to India\u2019s logistics ecosystem.\u201d<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nagpur (Maharashtra) [India], January 23: GB Logistics Commerce Limited, operating in Logistics sector, has announced its plan to go public with an IPO on January 24, 2025, aiming to raise [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48162,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":151},"categories":[686,680,864,683,9],"tags":[685],"class_list":["post-48161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-finance","category-gb-logistics-commerce-limited","category-pnn-news","category-press-release","tag-finance","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/48161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=48161"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/48161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/48162"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=48161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=48161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=48161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}