In December 2025, the primary market continues to witness steady activity, with several SME companies coming to the market to raise growth capital. As investors track new-age and services-led businesses, logistics and freight forwarding companies are also drawing attention due to their role in enabling trade flows and supply chain movement.
Against this backdrop, Global Ocean Logistics India Limited is set to open its IPO on December 17, 2025. Here is a detailed insight into Global Ocean Logistics India Limited, its IPO, and the company overview based on the details provided.
About Global Ocean Logistics India Ltd.
Incorporated in January 2021, Global Ocean Logistics India Limited is a freight forwarding company providing multi-modal logistics solutions. The company offers logistics services across various verticals, including:
- Shipping/coastal transportation with ODC (Ocean Freight Forwarding)
- Road/rail (Transport)
- Air cargo (Air Freight Forwarding)
- Container Freight Station (CFS)
- Custom Clearance
- Other services
The company operates through major Indian ports like NHAVA Sheva, Hazira, Tumb, Pune, Mundra, and Chennai, with pan-India coverage across over 23 states and union territories via four marketing offices in Vishakhapatnam, Jaipur, Pune, and Tuticorin.
From Fiscal 2023 to 2025, the company served 263 ports globally, handling about 24,782 shipments and 73,052 TEUs. As of March 31, 2025, the company has processed over 24,000 Bill of Lading of various countries. As of May 31, 2025, the company has an in-house team consisting of 55 personnel.
The company specialises in providing services to importers sourcing goods from key regions, including Europe, the USA, South Africa, China, Southeast Asia, and the Gulf countries, supported by its network of agency partners.
Competitive Strengths
- Longstanding relationship with a diverse set of customers across industries
- Asset-light business model resulting in higher efficiencies
- Offers a range of services including Ocean and Air Freight Forwarding, Transport, CFS, customs clearances, and others to help clients improve service, reduce costs, and enhance supply chain quality, scalability, and visibility
- Promoter-led management team and an experienced in-house team
Global Ocean Logistics India IPO Details
Global Ocean Logistics IPO is a book build issue of ₹30.41 crores. The issue is entirely a fresh issue of 0.39 crore shares aggregating to ₹30.41 crores.
The IPO opens for subscription on Dec 17, 2025 and closes on Dec 19, 2025. The IPO will list on BSE SME, with a tentative listing date fixed as Dec 24, 2025.
The IPO price band is set at ₹74 to ₹78 per share, and the lot size for an application is 1,600 shares.
- Minimum investment for retail: ₹2,49,600 (3,200 shares) based on upper price
- Minimum lot size investment for HNI: 3 lots (4,800 shares) amounting to ₹3,74,400
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Important IPO Timeline
| Event | Date |
| IPO Open Date | Wed, Dec 17, 2025 |
| IPO Close Date | Fri, Dec 19, 2025 |
| Tentative Allotment | Mon, Dec 22, 2025 |
| Initiation of Refunds | Tue, Dec 23, 2025 |
| Credit of Shares to Demat | Tue, Dec 23, 2025 |
| Tentative Listing Date | Wed, Dec 24, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 19, 2025 |
Key IPO Details
| Particulars | Details |
| IPO Date | Wed, Dec 17, 2025 to Fri, Dec 19, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹74 to ₹78 |
| Lot Size | 1,600 shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Market Cap (Pre-IPO) | ₹112.65 Cr |
| Total Issue Size | 38,99,200 shares (₹30.41 Cr) |
| Reserved for Market Maker | 1,95,000 shares (₹1.52 Cr) |
| Net Offered to Public | 37,04,200 shares (₹28.89 Cr) |
| Shareholding Pre Issue | 1,05,43,491 shares |
| Shareholding Post Issue | 1,44,42,691 shares |
Global Ocean Logistics India IPO Reservation
| Investor Category | Allocation |
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII | Not less than 15% of the Net Issue |
Global Ocean Logistics India IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereafter.
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,49,600 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,49,600 |
| S-HNI (Min) | 3 | 4,800 | ₹3,74,400 |
| S-HNI (Max) | 8 | 12,800 | ₹9,98,400 |
| B-HNI (Min) | 9 | 14,400 | ₹11,23,200 |
Global Ocean Logistics India Ltd. Financials
Global Ocean Logistics India Limited’s revenue increased by 85% and profit after tax (PAT) rose by 159% between FY25 and FY24.
Key Company Financials (Restated Consolidated)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets (₹ Cr) | 35.22 | 23.56 | 18.07 |
| Total Income (₹ Cr) | 191.60 | 103.45 | 191.43 |
| Profit After Tax (₹ Cr) | 6.82 | 2.63 | 3.83 |
| EBITDA (₹ Cr) | 9.40 | 3.96 | 4.78 |
| Net Worth (₹ Cr) | 17.39 | 8.57 | 5.94 |
| Reserves and Surplus (₹ Cr) | 6.84 | 7.57 | 4.94 |
| Total Borrowing (₹ Cr) | 1.15 | 4.03 | 5.39 |
Key Performance Indicators (KPI)
KPI as of Mon, Mar 31, 2025:
| KPI | Value |
| ROE | 53% |
| ROCE | 53% |
| Debt/Equity | 0.07 |
| RoNW | 39.19% |
| PAT Margin | 3.58% |
| EBITDA Margin | 4.93% |
| Price to Book Value | 4.73 |
| Market Cap (Pre-IPO) | ₹112.65 Cr |
Pre IPO vs Post IPO
| Metric | Pre IPO | Post IPO |
| EPS (₹) | 6.46 | 4.72 |
| P/E (x) | 12.07 | 16.53 |
Promoter Holding (Pre IPO): 82.00%
Promoters: Niraj Nandkishor Narsaria and Anand Mehta
Objects of the Issue
The company proposes to utilise the Net Proceeds towards:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
| 1 | Funding working capital requirements of the company | 21.27 |
| 2 | General corporate purposes | – |
Global Ocean Logistics India IPO: Peer Comparison
Global Ocean Logistics India IPO can be compared with peers such as Allcargo Logistics Ltd, TCI Express Ltd, Container Corporation of India Ltd, VRL Logistics Ltd, and Blue Dart Express Ltd. Reviewing these companies helps investors gauge Global Ocean Logistics India’s positioning within the freight forwarding and logistics services sector and better assess its business scale, operational model, and growth potential relative to established players.
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Conclusion
Global Ocean Logistics India Limited operates an asset-light, multi-modal freight forwarding model covering ocean, air, transport, CFS and customs clearance services. With operations linked to major ports, a pan-India marketing presence and global port coverage, the company has positioned itself across multiple logistics verticals. The IPO is a fresh issue, with proceeds primarily earmarked for working capital requirements and general corporate purposes.
As this is a BSE SME listing, investors typically evaluate such issues with attention to liquidity, business scale and risk profile, along with the company’s financial trends and stated objectives.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
