Global Ocean Logistics IPO subscribed 5.06 times so far on Day 3: Check allotment date and steps

Global Ocean Logistics IPO: The initial public offering of freight forwarding and multimodal logistics solutions provider Global Ocean Logistics India Ltd has been subscribed 5.06 times so far on the final day of bidding on Friday, December 19.

It has secured bids for 1,41,10,400 shares as against 27,90,400 shares on offer, according to the BSE data until 2:22 pm.

The ₹30.41 crore initial share sale, with a price band of ₹74 to ₹78 per share, is exclusively a fresh issuance of 38,99,200 shares.

The fresh issue proceeds will be utilised for funding working capital requirements and general corporate purposes.

A lot consists of 1,600 shares. The minimum investment for an individual investor is 3,200 shares.

Global Ocean Logistics India is a freight forwarding firm having multimodal logistics solutions. It provides logistics services with diverse capabilities across verticals like shipping/coastal transportation, road/rail transportation, air cargo, container freight station solutions, customs clearance and other services. It also offers integrated logistics solutions, including third-party logistics and project logistics.

Global Ocean Logistics IPO allotment and listing date

Global Ocean Logistics IPO allotment is likely to be finalised on Monday, December 22. The listing on the BSE SME platform will occur on December 24.

How to check Global Ocean Logistics IPO allotment status online on BSE

• Visit BSE's IPO status page: https://bseindia.com/investors/appli_check.aspx
• Issue type should be kept as ‘Equity’
• Select 'Global Ocean Logistics India Ltd' from the IPOs
• Fill in PAN or IPO application number
• Hit the ‘Search’ button

Steps to check Global Ocean Logistics IPO allotment status online on Kfin Technologies

• Visit the registrar's website: https://ipostatus.kfintech.com/
• In the ‘Select IPO’ list, pick ‘Global Ocean Logistics’
• Choose IPO application number, Demat account number or PAN
• Click on ‘Submit’

Global Ocean Logistics IPO GMP

According to investorgain.com and media reports, Global Ocean Logistics' unlisted shares are reflecting a grey market premium of 0% against the upper price band of ₹78.