GB Logistics Commerce IPO Shatters Records with 172.3 Times Subscription

In a remarkable display of investor interest, GB Logistics Commerce's IPO was oversubscribed by an astonishing 172.3 times on its final day, January 28, 2025. The offering aimed to raise ₹25.07 crore, attracting bids for over 30.28 crore shares. Notably, non-institutional investors led the charge, subscribing 402 times their allotted shares. The shares are set for allotment on January 29 and will commence trading on the BSE SME platform on January 31. The price band was fixed between ₹95 and ₹102 per share, with a grey market premium of approximately ₹20 noted ahead of listing.

Source: Economic Times