Value band fastened for GB Logistics Commerce IPO, cash could be invested from January 24 – INA NEWS

GB Logistics Commerce IPO: The general public subject of Rs 25.07 crore of logistics sector firm GB Logistics Commerce Restricted is opening on January 24. The corporate has fastened the value band of Rs 95-102 per share for this. Lot measurement is 1200. The corporate stated in a press release that the closing of the IPO shall be on January 28. After this, the allotment of shares shall be finalized on January 29 and the shares could be listed on BSE SME on January 31.

The corporate desires to lift Rs 25.07 crore from its IPO. Solely 24.58 lakh new shares shall be issued within the subject. SKI Capital Companies Restricted is the e book operating lead supervisor for the GB Logistics IPO. Maashitla Securities Non-public Restricted is the registrar and Svcm Securities Non-public Restricted is the market maker.

How will the IPO cash be used?

Prashant N Lakhani, Managing Director of GB Logistics Commerce Restricted, says that the corporate will use the earnings from this IPO to repay the mortgage, meet working capital necessities, buy of truck chassis and truck physique and for normal firm wants. Will do. 50 p.c share in IPO shall be for certified institutional consumers, 35 p.c share for retail buyers and 15 p.c share for non-institutional buyers. There’s reserve for.

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Monetary place of GB Logistics Commerce

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