GB Logistics Commerce IPO Itemizing: Logistics firm shared upset, listing on 20% deficit – INA NEWS

GB Logistics Commerce Itemizing: The itemizing of Logistics sector firm GB Logistics Commerce Restricted on 31 January upset IPO traders. The IPO’s higher worth band on the share BSE SME was listed at Rs 81.60 with a reduction of Rs 102 from Rs 102 to Rs 81.60. Instantly the inventory fell by 5 % and a decrease circuit at Rs 77.55.

The corporate’s public difficulty of Rs 25.07 crore was opened on January 24 and closed on 28 January. In the meantime, it was subscribed to 184.64 occasions. Reserve half for certified institutional consumers, 25.1 occasions, reserve for non -institutional traders 543.55 occasions and reserved share for retail traders crammed 121.88 occasions. Solely 24.58 lakh new shares had been issued within the difficulty. Earlier than IPO, GB Logistics Commerce raised Rs 7.14 crore from anchor traders.

Tips on how to use IPO cash

Prashant N. Lakhani, managing director of GB Logistics Commerce Restricted, says that the corporate makes use of revenue obtained from this IPO for reimbursement of debt, working capital wants, assembly truck chassis and truck our bodies for bills and for normal firm wants Will do it

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Monetary standing of GB Logistics Commerce

The corporate had a consolidated income of Rs 115.62 crore in FY 2024. In the meantime, web revenue was recorded at Rs 4.86 crore. GB logistics income was Rs 50.85 crore and web revenue of Rs 2.53 crore through the April-September 2024 interval. The borrowing was Rs 20.07 crore.

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