GB Logistics Commerce Ltd - IPO

GB Logistics Commerce Ltd IPO Details

The issue comprise of a public issue of 24,57,600 equity shares of face value of Rs. 10/- each fully paid (the Equity Shares) for cash at a price of Rs. 102/- per equity shares (including a premium of Rs. 92/- per equity share) aggregating to Rs. 25.07 crores (The Issue) by the company. The issue comprises a reservation of which 1,23,600 equity shares of Rs. 10/- each will be reserved for subscription by market maker reservations portion and a net issue to the public of 23,34,000 equity shares of Rs. 10/- each is hereinafter referred to as the net issue. The issue and the net issue will constitute 29.99% and 28.48% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each. The floor price is 10.20 times of the face value.

Objective of issue

Prepayment or repayment of a portion of certain outstanding borrowings availed by the company. Working capital requirements. Funding expenditure towards purchase of track chassis and truck bodies. General corporate purposes.

GB Logistics Commerce Ltd Contact Details

GB Logistics Commerce Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - compliance@gblogisticsindia.com

Website - www.gblogisticsindia.com