NewsIPOGlobal Ocean Logistics Lists at 1.5% Premium on BSE SME Platform Following Oversubscribed IPOGlobal Ocean Logistics Lists at 1.5% Premium on BSE SME Platform Following Oversubscribed IPO
Global Ocean Logistics listed on BSE SME platform at ₹79.20 per share, marking a 1.5% premium over its IPO price of ₹78.00. The ₹30.00 crore IPO was oversubscribed 13.64 times, with strong demand from non-institutional investors at 29.5 times subscription. The freight forwarding company reported impressive financial growth with 85% revenue increase and 159% PAT growth between FY24 and FY25, achieving total income of ₹191.60 crore and PAT of ₹6.82 crore for FY25.
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Global Ocean Logistics made its market debut on the BSE SME platform on Wednesday, listing at ₹79.20 per share against the IPO price of ₹78.00, delivering a modest premium of 1.5% to investors. The listing performance aligned with grey market premium expectations, which had indicated a subdued opening with zero premium ahead of the debut.
IPO Subscription and Pricing Details
The ₹30.00 crore IPO, structured entirely as a fresh issue, closed for subscription on December 19 and witnessed robust investor interest across categories. The issue was priced in a band of ₹74.00 to ₹78.00 per share, with the final issue price fixed at the upper end of the range.
| Investor Category: | Subscription Multiple |
|---|---|
| Overall Subscription: | 13.64 times |
| Non-Institutional Investors: | 29.50 times |
| Retail Investors: | 12.00 times |
| Qualified Institutional Buyers: | 4.80 times |
At the issue price of ₹78.00, Global Ocean Logistics achieved a pre-IPO market capitalisation of approximately ₹113.00 crore. Prior to the public offering, the company raised ₹8.65 crore from anchor investors on December 16, involving over 11.00 lakh shares subject to lock-in periods as per SME norms.
Business Operations and Network
Global Ocean Logistics India operates as a comprehensive freight forwarding company, offering multi-modal logistics solutions through an asset-light business model. The company's service portfolio encompasses ocean freight forwarding, road and rail transport, air freight forwarding, container freight station services, customs clearance, and allied logistics solutions.
The company maintains operations through major Indian ports including Nhava Sheva, Mundra, Hazira, and Chennai, with pan-India coverage spanning more than 23 states and union territories. Marketing offices are strategically located in Visakhapatnam, Jaipur, Pune, and Tuticorin to support nationwide operations.
| Operational Metrics: | Performance |
|---|---|
| Global Ports Handled: | 263 ports |
| Bills of Lading Processed: | 25,000 |
| Shipments (FY23-FY25): | 25,000 |
| TEUs Handled: | 73,000 |
| Employee Strength: | 55 employees |
Financial Performance
The company has demonstrated significant financial growth between FY24 and FY25, though with some volatility characteristic of the freight forwarding sector. The business primarily serves importers sourcing goods from Europe, the US, South Africa, China, Southeast Asia, and Gulf countries through a network of overseas agency partners.
| Financial Highlights: | FY25 Performance |
|---|---|
| Total Income: | ₹191.60 crore |
| Profit After Tax: | ₹6.82 crore |
| Revenue Growth (FY24-FY25): | 85% |
| PAT Growth (FY24-FY25): | 159% |
Fund Utilisation
The IPO proceeds are earmarked to support business expansion initiatives and meet working capital requirements. Consistent with its asset-light operational strategy, the company has not disclosed any major capital expenditure plans, focusing instead on leveraging its network and operational expertise for growth.
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