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News Details

( As on 20/01/2025 14:30)

GB Logistics Commerc announces launch of initial public offering

GB Logistics Commerce Ltd. has announced public offering of 2457600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 92.00 per share. The gross proceeds of the issue are expected to be Rs 2,506.75 lakhs.

The company's initial public offer (IPO) will open on 24 January 2025 and is expected to close on 28 January 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 95.00-102.00 per share.

The IPO includes a fresh Issue of 2457600 Equity Shares of the Company at an price of Rs 102.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

GB Logistics Commerce Ltd. anticipates using the proceeds of the issue for .

SKI Capital Services Limited as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.