Skip to content
  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
Daily News India

Daily News India

Just another WordPress site

  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Toggle search form
  • Ramayana Actor Indira Krishna Applauds Producer Prerna Arora and Her Upcoming Thriller Jatadhara Entertainment
  • Jack Daniel’s turns out in Bold Fashion this festive season in India with its Barrel Tree installation Business
  • Your Partner in IT Certification Success: Exam Dumps App Delivers Quality Exam Dumps Education
  • India’s Plumbing Powerhouse: Plumbex India 2024 Promises Innovation and Connections Business
  • Future Guru Nainesh Joshi’s Take On Growing Global Reliance On Astrological Solutions Post Pandemic Business
  • Maharashtra’s New Student Insurance Program Aims to Secure Futures Business
  • IMMA Summit discusses ‘Ease of Doing Business’ and Unveils AI-Driven Drones and Digitization as the Future of Farming in India Business
  • KISNA Diamond and Gold Jewellery Launches its 1st Exclusive Showroom in Jaipur Business

GB Logistics Commerce Limited IPO Opens On 24th January 2025

Posted on January 23, 2025 By

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 ₹ 25.07 Crores, with shares to be listed on the BSE SME platform.

The issue size is Up To 24,57,600 equity shares at a face value of ₹ 10 each.

Equity Share Allocation

  • QIB Anchor Portion – Up to 6,99,600 Equity Shares
  • Qualified Institutional Buyers (QIB) – Up to 4,66,800Equity Shares
  • Non-Institutional Investors (NII) – Not less than 3,50,400Equity Shares
  • Retail Individual Investors (RII) – Not less than 8,17,200Equity Shares
  • Market Maker – Up to 1,23,600 Equity Shares

The net proceeds from the Issue will be utilized primarily for Prepayment or Repayment of a Portion of Certain Outstanding Borrowings, Working Capital Requirements, Expenditure Towards the Purchase of Truck Chassis & Truck Bodies, & General Corporate Purposes. The anchor portion will open on January 23, 2025. The issue will open for public on January24, 2025 and the issue will close on January 28, 2025.

The Book Running Lead Manager to the Issue is SKI Capital Services Limited, The Registrar to the Issue is Maashitla Securities Private Limited.

Mr. Prashant N Lakhani, Managing Director of GB Logistics Commerce Limited expressed, “This 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 stability.

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, contributing towards our operations, andcontrol over operations and profitability.

This IPO will support our plans to expand operations, increase market presence, and reinforce our corporate identity.”

Mr. Ghanisht Nagpal, Partner Investment Banking of SKICapital Services Limited said, “The IPO of GB Logistics marks a new milestone in the company’s 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.

The company emphasizes on operations, technology integration, and service diversification to align with sector requirements. The IPO proceeds will be utilized to expand operations and achieve strategic objectives.

We are pleased to be a part of this process and believe the company will contribute positively to India’s logistics ecosystem.”

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.

Finance Tags:Finance

Post navigation

Previous Post: Sonu Builders and Developers to develop 2 Acres land parcel in Bopele, Neral with lavish amenities
Next Post: Doner & Gyros Opens in Paschim Vihar, Delhi

Related Posts

  • Rajkot Municipal Corporation Issues Rs 100 Crore Bond to Boost Infrastructure and Services Finance
  • Union Budget 2025 – Progressive and Growth-Oriented – Chairman, MATEXIL Finance
  • Institute of Actuaries of India Unveils Global Conference of Actuaries (GCA) with a Focus on “Data, Disruptions, and the Actuary” Finance
  • ATD Finance Joins Hands with ATD Money to Offer Hassle-Free Instant Salary Advances to Employees Finance
  • Lagnam Spintex announces FY24 results, PAT Zooms to YoY 380% at Rs 7.30 cr in Q4FY24, Declares Dividend of Rs. 0.50/- per share Finance
  • Zero to Hero Stock Market: Empowering Beginners to Navigate the Stock Market Confidently Finance

Recent Posts

  • Alyana Rehabilitation Foundation Emerges as a Leading Rehab Center in Kolkata
  • 150+ Venture Capitalists and Investors participate in Masters’ Union Demo Day 2025
  • On Door Concepts Reports Remarkable FY25 Performance with Total Revenue Surpassing INR 270 Plus Crores
  • Grand Launch Of Southern Street Premier League (SSPL) South India’s Biggest Cricket Extravaganza!
  • Affordable Marketing: 10 Key Benefits of Indian SMM Panels

Recent Comments

  • Unknown on Participants Reap Rewards in Wellman’s 8-Week Digital Campaign: IPL Tickets, Autographed Virat Kohli Merchandise, and More!
  • Ramayana Actor Indira Krishna Applauds Producer Prerna Arora and Her Upcoming Thriller Jatadhara Entertainment
  • Jack Daniel’s turns out in Bold Fashion this festive season in India with its Barrel Tree installation Business
  • Your Partner in IT Certification Success: Exam Dumps App Delivers Quality Exam Dumps Education
  • India’s Plumbing Powerhouse: Plumbex India 2024 Promises Innovation and Connections Business
  • Future Guru Nainesh Joshi’s Take On Growing Global Reliance On Astrological Solutions Post Pandemic Business
  • Maharashtra’s New Student Insurance Program Aims to Secure Futures Business
  • IMMA Summit discusses ‘Ease of Doing Business’ and Unveils AI-Driven Drones and Digitization as the Future of Farming in India Business
  • KISNA Diamond and Gold Jewellery Launches its 1st Exclusive Showroom in Jaipur Business

Copyright © 2025 Daily News India.

Powered by PressBook News WordPress theme