Global Ocean Logistics

Global Ocean Logistics IPO brings a play on India’s EXIM and coastal logistics activity, via an asset-light freight forwarding and logistics company with improving profitability.​

Global Ocean Logistics IPO – Key Details

• Company: Global Ocean Logistics India Ltd.
• Sector: Freight forwarding, multimodal logistics, EXIM and coastal cargo solutions.
• IPO Type: SME IPO (book-built, fresh issue).
• IPO Open Date: 17 December 2025
• IPO Close Date: 19 December 2025
• Basis of Allotment: 22 December 2025
• Refunds / Demat Credit: 23 December 2025
• Listing Date: 24 December 2025 (SME platform).​
• Price Band :- Rs. 74 to Rs 78
• Market Lot: 3,200 shares; minimum retail application = 3,200 shares
• Total Issue Size :- 30.41 crore
• Retail Max: 3,200 shares; S‑HNI: 4,800–12,800 shares; B‑HNI: 14,400 shares.​
• Promoters: Niraj Nandkishor Narsaria and Anand Mehta.
• Promoter Holding: 82.00% pre‑issue; 1,44,42,691 shares post‑issue (percentage to be updated in RHP).​

Business & Financial Snapshot

• Global Ocean Logistics provides freight forwarding and logistics services across sea, air and land modes, catering to exporters/importers and domestic clients through a network and tie‑ups rather than owning large hard assets.​

Financials (₹ in crore):​

Global Ocean Logistics India Ltd.'s revenue increased by 85% and profit after tax (PAT) rose by 159% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	46.51	35.22	23.56	18.07
Total Income	108.31	191.60	103.45	191.43
Profit After Tax	4.54	6.82	2.63	3.83
EBITDA	6.05	9.40	3.96	4.78
NET Worth	21.93	17.39	8.57	5.94
Reserves and Surplus	11.39	6.84	7.57	4.94
Total Borrowing	4.17	1.15	4.03	5.39
Amount in ₹ Crore

Objective of the Issue:​

• Funding working capital requirements – ₹21.27 crore.
• General corporate purposes.

IPO Reservation

Global Ocean Logistics IPO offers total 38,99,200 shares. Out of which 18,49,600 (47.44%) allocated to QIB, 7,39,200 (18.96%) allocated to QIB (Ex- Anchor), 5,56,800 (14.28%) allocated to NII 12,97,600 (33.28%) allocated to RII and 11,10,400 (28.48%) allocated to Anchor investors.

IPO Lot Size

Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.  The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.

Key Strengths

• Asset-light logistics model with low debt (0.07 D/E).
• PAT nearly doubled from FY24 to FY25.
• Strong RoNW of ~39% on a growing equity base.
• Diversified EXIM and coastal logistics services.
• Working-capital-focused IPO to support scale-up.
• Experienced promoters with sector background.

Key Risks

• Thin margins (EBITDA ~5%, PAT ~3.6%) in competitive logistics space.
• Volatile revenue pattern (FY24 dip vs FY23 and FY25).
• High working-capital dependence and receivable risk.
• Exposure to global trade cycles, freight rates and currency moves.
• SME listing with high minimum ticket size and lower liquidity.
• Competitive pressure from larger listed logistics peers.

How To Apply for the IPO ?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs – Global Ocean Logistics IPO

Q1. What are Global Ocean Logistics IPO dates and listing schedule?

The issue opens on 17 December 2025 and closes on 19 December 2025. Basis of allotment is on 22 December, refunds and Demat credit on 23 December, and listing on 24 December 2025.​

Q2. What is the lot size and minimum investment for retail investors?

The minimum lot size is 3,200 shares, requiring a minimum investment of ₹2,49,600 for retail applicants.​

Q3. How is the IPO reserved among investor categories?

As per SME norms, 50% of the net issue is reserved for QIBs, 15% for NIIs and 35% for retail investors.​

Q4. How will the IPO proceeds be utilized?

Primarily to fund working capital requirements (₹21.27 crore) and for general corporate purposes to support business growth.​

Q5. How has the company performed financially recently?

Revenue recovered to ₹191.60 crore in FY25 from ₹103.45 crore in FY24, with PAT rising to ₹6.82 crore and RoNW at 39.19%.​

Q6. Who are the peer companies listed for comparison?

SJ Logistics India Ltd, Blue Water Logistics Ltd and Tiger Logistics Ltd are mentioned as peers in the logistics space.