Global Ocean Logistics Files DRHP for IPO
By Ankur Chandra | Updated at: Oct 6, 2025 07:11 PM IST
Mumbai, July 8, 2025 – Global Ocean Logistics India Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a 100% book-built SME IPO on the BSE platform. The public issue comprises a fresh issue of up to 40,00,000 equity shares of face value ₹10 each, with no offer for sale component.
The IPO will follow the book-building process, allocating shares among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Individual Investors (IIs), with a portion reserved for a market maker to ensure post-listing liquidity.
IPO Structure & Market Participation
The issue will be made through the book-building route as per SEBI ICDR Regulations, with allocations to Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Individual Investors (IIs). A portion will also be reserved for a market maker to provide liquidity support post-listing.
| Particulars | Details |
|---|---|
| Fresh Issue | Up to 40,00,000 equity shares |
| Face Value | ₹10 per share |
| Issue Type | 100% Book Built |
| Offer for Sale (OFS) | None |
| Listing Platform | BSE SME |
| Price Band, Issue Dates | To be disclosed |
| Market Maker | [●] |
| Book Running Lead Manager | Marwadi Chandarana Intermediaries |
| Registrar to the Issue | Kfin Technologies Ltd |
Utilization of Funds
The company proposes to utilize the net proceeds primarily for:
| Purpose | Estimated Amount (₹ in lakhs) |
|---|---|
| Working Capital Requirements | Up to 2,126.85 |
| General Corporate Purposes | [●] |
| Total (Net Proceeds) | [●] |
Financial Highlights (Restated)
| (₹ in Lakhs) | FY25 | FY24 | FY23 |
|---|---|---|---|
| Revenue from Operations | 19,055.91 | 10,220.24 | 18,900.95 |
| Net Profit | 681.51 | 263.35 | 382.59 |
| EBITDA Margin | 4.93% | 3.87% | 2.53% |
| PAT Margin | 3.58% | 2.58% | 2.02% |
| Net Worth | 1,738.79 | 857.27 | 593.92 |
| Total Assets | 3,521.86 | 2,355.55 | 1,806.86 |
| EPS (Basic & Diluted) | ₹6.98 | ₹2.75 | ₹3.97 |
| Return on Net Worth (RoNW) | 39.19% | 30.72% | 64.42% |
Shareholding Pattern
Pre-issue, the promoters Niraj Nandkishor Narsaria and Anand Mehta collectively hold 80.8% of the equity. The promoter group, including Shreekanta, Namita, and Tanishka Narsaria, holds an additional 1.2%, bringing the total promoter and promoter group holding to 82%.
| Name | Shares Held | % of Pre-Issue Capital |
|---|---|---|
| Niraj N Narsaria | 53,55,787 | 50.80% |
| Anand Mehta | 31,62,927 | 30.00% |
| Promoter Group (Total) | 1,26,817 | 1.20% |
| Others (Top 10) | 18,97,960 | 18.00% |
Strategic Outlook
With government push via initiatives like the National Logistics Policy and major port privatization reforms, India’s logistics sector is poised for strong growth. The company aims to capitalize on e-commerce-led demand, growing LTL shipments, and rising export-import activity, positioning itself as a key player in the organized logistics space. IPO investors should watch for the upcoming price band, minimum lot size, and anchor participation details.
About the Company
Incorporated in 2021, Global Ocean Logistics India Limited is a multimodal freight forwarding company offering integrated logistics solutions. Its services span ocean, air, and land transport, customs clearance, container freight stations, and project logistics. Operating through major ports like Nhava Sheva, Mundra, and Chennai, it has managed over 24,782 shipments and 73,052 TEUs between FY23 and FY25.
The company follows an asset-light model and maintains a robust network of over 20,000 agents globally through memberships like WCA and JCTrans.
REF: https://www.bsesme.com/download/344670/SME_IPO InPrinciple/DRHPGlobal07072025_20250707225105.pdf
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