Global Ocean Logistics shares list at 2% premium over IPO price on BSE SME platform

Global Ocean Logistics made a flat debut on the BSE SME platform on Wednesday, listing at Rs 79.20 per share against the IPO price of Rs 78, a modest 1.5% premium. The listing matched GMP expectations, which had indicated a subdued opening, with the stock showing zero grey market premium ahead of debut.

The Rs 30 crore IPO, which was entirely a fresh issue, closed for subscription on December 19. The issue was subscribed to 13.64 times overall, driven largely by robust demand from non-institutional and retail investors. The NII category was subscribed nearly 29.5 times, while retail investors bid almost 12 times the shares reserved for them. Qualified institutional buyers subscribed about 4.8 times the portion available to them, excluding anchor investors.

Global Ocean Logistics offered its shares in a price band of Rs 74 to Rs 78 per share and has fixed the issue price at Rs 78. At this price, the company is valued at a pre-IPO market cap of about Rs 113 crore.


Ahead of the public issue, Global Ocean Logistics raised about Rs 8.65 crore from anchor investors on December 16. The anchor portion included over 11 lakh shares, with a portion subject to a 30-day and 90-day lock-in, as per SME norms.

Global Ocean Logistics India operates as a freight forwarding company offering multi-modal logistics solutions. Its services span ocean freight forwarding, road and rail transport, air freight forwarding, container freight station services, customs clearance and allied logistics solutions. The company follows an asset-light model, relying on its network and operational expertise rather than owning heavy infrastructure.

The company operates through major Indian ports including Nhava Sheva, Mundra, Hazira, Chennai and others, and has pan-India coverage across more than 23 states and union territories. It also maintains marketing offices in Visakhapatnam, Jaipur, Pune and Tuticorin. Globally, the company has handled shipments across 263 ports and processed close to 25,000 bills of lading, reflecting its international reach despite being a relatively young firm.

Between FY23 and FY25, Global Ocean Logistics handled nearly 25,000 shipments and over 73,000 TEUs. As of December 2025, the company had an in-house team of about 55 employees. Its business is focused on serving importers sourcing goods from regions such as Europe, the US, South Africa, China, Southeast Asia and Gulf countries, supported by a network of overseas agency partners.

Financially, the company has reported sharp growth in recent years, albeit with some volatility typical of the freight forwarding business. Between FY24 and FY25, revenue rose 85% while profit after tax increased 159%. For FY25, total income stood at Rs 191.6 crore, with a PAT of Rs 6.82 crore.

The IPO proceeds are expected to support business expansion and working capital needs, although the company has not disclosed any large capex plans, consistent with its asset-light strategy.

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