Global Ocean Logistics India
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 24 Dec 2025 | ₹0 | 0.00% | ₹0 | ₹78 | ₹0 |
| 23 Dec 2025 | ₹0 | 0.00% | ₹0 | ₹78 | ₹0 |
| 22 Dec 2025 | ₹0 | 0.00% | ₹0 | ₹78 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 17 Dec 2025 – 19 Dec 2025
- Listing date
- 24 Dec 2025
- Face value
- ₹1 per share
- Issue price
- ₹78 per share
- Lot size
- 1,600 shares
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹30.41 Cr
- Market cap at offer price
- ₹113 Cr
- Promoter holding
- 82.00% → 59.86% pre-issue → post-issue
- ISIN
- INE1ITY01011
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.
- Registered office
- C-101, Business Square, Andheri Kurla Road, Andheri (west), Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 11,08,800 | — | — |
| Market maker | 1,95,200 | — | — |
Application size
Minimum 1,600 shares per lot, in multiples, at ₹78
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,24,800 |
| S-HNI (min) | 2 | 3,200 | ₹2,49,600 |
| S-HNI (max) | 8 | 12,800 | ₹9,98,400 |
| B-HNI (min) | 9 | 14,400 | ₹11,23,200 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹78 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 6.46 | 6.29 |
| P/E (×) | 12.07 | 12.40 |
| Price to book (×) | 4.73 | — |
| Market cap | — | ₹113 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 39.19%
- ROCE
- 53.00%
- Debt / equity
- 0.07
- PAT margin
- 3.58%
- EBITDA margin
- 4.93%
- NAV per share
- ₹16.49
- Price to book
- 4.73
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Global Ocean Logistics India
Global Ocean Logistics India Limited, incorporated on January 8, 2021, and converted to a public limited company on December 26, 2024, is a freight forwarding company with multimodal logistics solutions. The company provides diverse logistics services including ocean freight forwarding (shipping/coastal transportation including ODC), road/rail transportation, air cargo, container freight station (CFS) solutions, custom clearance, and integrated logistics including project logistics and third-party logistics (3PL). Operating through major Indian ports including NHAVA Sheva, Hazira, Tumb, Pune, Mundra, and Chennai, with pan-India presence across over 23 states and union territories through 4 marketing offices in Vishakhapatnam, Jaipur, Pune, and Tuticorin, the company has served 522 customers in the period ended September 30, 2025, handling approximately 30,520 shipments and 91,968 TEUs from Fiscal 2023 to September 30, 2025. The company operates through an asset-light business model, relying on third-party service providers and a network of over 20,000 agents through memberships in WCA and JCtrans.
Company Analysis
from RHPGlobal Ocean Logistics India Limited is a multimodal freight forwarding company providing ocean, air, rail, and road transportation services along with custom clearance and integrated logistics solutions across Indian ports and pan-India operations.
Global Ocean Logistics India Limited, incorporated on January 8, 2021, and converted to a public limited company on December 26, 2024, is a freight forwarding company with multimodal logistics solutions. The company provides diverse logistics services including ocean freight forwarding (shipping/coastal transportation including ODC), road/rail transportation, air cargo, container freight station (CFS) solutions, custom clearance, and integrated logistics including project logistics and third-party logistics (3PL). Operating through major Indian ports including NHAVA Sheva, Hazira, Tumb, Pune, Mundra, and Chennai, with pan-India presence across over 23 states and union territories through 4 marketing offices in Vishakhapatnam, Jaipur, Pune, and Tuticorin, the company has served 522 customers in the period ended September 30, 2025, handling approximately 30,520 shipments and 91,968 TEUs from Fiscal 2023 to September 30, 2025. The company operates through an asset-light business model, relying on third-party service providers and a network of over 20,000 agents through memberships in WCA and JCtrans.
Objects of the Issue
- Meeting working capital requirements ₹ 2,126.85 lakhs p.25
- General corporate purposes [●] (not to exceed 15% of gross proceeds or ₹ 1,000 lakhs, whichever is lower) p.25
- Funding working capital requirements of our Company Up to 2,126.85 Lakhs p.86
- General corporate purposes [●] p.86
Issue Structure
- Total Issue
- Upto 38,99,200 Equity Shares aggregating upto ₹ [●] Lakhs
- Fresh Issue
- Upto 38,99,200 Equity Shares aggregating upto ₹ [●] lakhs
- Offer for Sale
- Not Applicable
- Price Band
- [●] (Floor Price) to [●] (Cap Price)
- Lot Size
- [●] Equity Shares (two lots) and multiples of [●] thereafter
- Face Value
- ₹ 10/- per equity share
Business Model
The company earns revenue through freight forwarding services across multiple modes of transportation including ocean freight, air cargo, road/rail transport, and custom clearance. Revenue is generated by charging customers for logistics and freight forwarding services on spot confirmation basis, typically without formal long-term agreements. The company primarily services chemical & allied products, textiles & commodities, and machinery equipment industries.
Business Segments
SWOT Analysis
- • GPS-tracked vehicle fleet for cargo security(p.50)
- • Strong relationship with diverse customer base(p.95)
- • Asset-light business model for efficiency(p.95)
- • Risk management and credit scoring capability(p.95)
- • Comprehensive service portfolio(p.95)
- • Strategic geographic presence(p.95)
- • Diverse customer base across industries reducing concentration risk(p.124)
- • Established long-standing relationships with customers(p.124)
- • Pan-India geographic presence with strategic port operations(p.122)
- • Asset-light business model with operational flexibility(p.122)
- • Multimodal transport capabilities and regulatory certifications(p.122)
- • Experienced management team with decade-plus industry expertise(p.127)
- • Clean regulatory and financial standing of promoters(p.163)
- • No governance conflicts among key stakeholders(p.163)
- • Absence of regulatory sanctions(p.163)
- • Clean group company structure with no insolvency(p.166)
- • Operational integration and cost efficiency(p.204)
- • Strong customer retention and loyalty(p.204)
- • Profitability improvement trajectory(p.215)
- • Dependence on promoter services(p.51)
- • Promoter concentration and control risk(p.56)
- • Related party transaction risks(p.51)
- • Internal controls and fraud risk(p.50)
- • Limited experience with public company operations(p.52)
- • Undisclosed funding appraised by no independent entity(p.51)
- • High revenue concentration from top 10 customers(p.124)
- • Volatile and declining revenue performance(p.123)
- • Heavy dependence on business partner network with limited control(p.137)
- • High working capital intensity(p.123)
- • Small in-house team relative to operations(p.122)
- • Significant dependence on handful of key customers(p.204)
- • High concentration in top customer base(p.219)
- • Dependence on limited set of suppliers(p.218)
- • Negative operating cash flows in recent periods(p.215)
- • High leverage on group-related party transactions(p.184)
- • Substantial trade receivables concentration(p.209)
- • Incremental working capital deployment to support growth(p.87)
- • Extended credit terms to drive customer acquisition(p.90)
- • Leverage improved vendor relationships for better rates(p.90)
- • Expansion into new market segments via flexible payment terms(p.90)
- • India's high growth trajectory and logistics sector expansion(p.112)
- • Logistics cost reduction driven by government infrastructure initiatives(p.118)
- • India's services sector driving employment and logistics demand(p.115)
- • E-commerce and domestic express logistics growth(p.118)
- • Strategic focus on integrated end-to-end solutions(p.127)
- • Technology upgradation and automation to improve efficiency(p.128)
- • Government support for maritime logistics expansion(p.204)
- • Pan-India expansion through network growth(p.204)
- • Revenue growth from volume expansion(p.204)
- • Cross-sell through integrated service capabilities(p.211)
- • Strategic partnerships for rate optimization(p.211)
- • Continued market-driven pricing power(p.192)
- • Cargo theft and loss during transit(p.50)
- • Customer dependence and outsourcing volatility(p.52)
- • Customer outsourcing decision risk(p.52)
- • Government regulation and policy changes(p.54)
- • Tax and levies impact on profitability(p.54)
- • Political instability and policy uncertainty(p.54)
- • Natural calamities impact(p.55)
- • Global economic volatility(p.55)
- • Global protectionism and trade uncertainty affecting logistics demand(p.108)
- • Highly fragmented and competitive logistics industry with low barriers to entry(p.138)
- • Larger competitors with greater financial and operational resources(p.138)
- • Dependency on third-party service providers and suppliers(p.137)
- • Emerging market vulnerability to global financial shocks(p.109)
- • Insurance claims potentially exceeding aggregate policy limits(p.139)
- • Volatility in global trade volumes affecting demand(p.203)
- • Ocean freight rate volatility and port disruptions(p.204)
- • Macro-economic sensitivity of customer base(p.204)
- • Risk of customer loss and margin pressure(p.204)
- • Exposure to rising operating and labor costs(p.217)
- • Cyclicality in freight forwarding and logistics industry(p.204)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Niraj Nandkishor Narsaria | Promoter | 50.80% | — |
| Anand Mehta | Promoter | 30.00% | — |
| Niraj Nandkishor Narsaria | Promoter | 50.80% | [●] |
| Anand Mehta | Promoter | 30.00% | [●] |
| Shreekanta Narsaria | Promoter Group | 1.20% | [●] |
| Niraj Nandkishor Narsaria | Promoter | 50.80% | — |
| Anand Mehta | Promoter | 30.00% | — |
| Niraj Nandkishor Narsaria | Promoter | 50.80% | — |
| Anand Mehta | Promoter | 30.00% | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.