Global Ocean Logistics India Ltd IPO
Status: Closed
Overview
IPO date
17 Dec 2025 to 19 Dec 2025
Face value
₹ 10 per share
Price
₹ 74 to ₹78 per share
Issue Size
3,899,200 shares
(aggregating up to ₹ 30.41 Cr)
(aggregating up to ₹ 30.41 Cr)
Allotment Date
22 Dec 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Logistics
Objectives of Global Ocean Logistics India Ltd IPO
Global Ocean Logistics India Ltd IPO Strategy
About Global Ocean Logistics India Ltd
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T&C*
Strengths vs Risks of Global Ocean Logistics India Ltd
Know the pros & cons
Strengths
Longstanding relationship with diverse set of customers across industries.- Asset-light' business model resulting into higher efficiencies.
- Risk management and credit scoring model.
- Comprehensive Service Portfolio.
- Strategic Geographical Presence.
Risks
- The company is mainly dependent on third party service providers to effectively carry out its logistics operations. Any deficiency/delay in services provided by them or failures to maintain relationships with them could result in disruption in the company operations, which could have an adverse effect on its business, financial condition, results of operations and cash flows.
- If the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
- Its top ten customers contribute about representing 48.55%, 42.21%%, 44.43% and 36.53% of our revenues for period ended September 30, 2025, Fiscal 2025, 2024 and 2023. Any loss of business from one or more of them may adversely affect the company revenues and profitability.
- The company depends significantly on its clients from different industries and are highly dependent on the performance of their industry. A loss of, or a significant decrease in their business could adversely affect the company business and profitability.
- Its typically does not have long term agreements with its customers. If the company customers choose not to source their requirements from it, there may be a material adverse effect on its business, financial condition, cash flows and results of operations.
- The company is exposed to the risk of delays or bad debts by its clients and other counterparties, which may also result in cash flow mismatches.
- Its generates a substantial portion of revenue from Maharashtra and Gujarat. Any adverse developments affecting the company operations in the Maharashtra and Gujarat could have an adverse impact on its revenue and results of operations.
- The Company is currently operating through an asset-light business model and accordingly its freight forwarding business depends upon a network of partners to fulfill logistics needs. Disruptions in this network may adversely affect customer satisfaction and business.
- Majority of its freight forwarding business is dependent on ocean freight services, any adverse impact on the ocean transportation services may have an adverse effect on the company results of operations and financial condition.
- Its net cash flows from operating activities have been negative in some years in the past. Any negative cash flow in the future may affect the company liquidity and financial condition.
- There is delayed filing noticed in some of its corporate records relating to forms filed with the Registrar of Companies.
- There have been several instances of delay/ default in payment of statutory dues and filing of statutory returns by the Company in the past.
- The company does not own the premises in which the company registered office is located, the same are on lease arrangement and marketing offices located are on a master access and usage shared with its group company. Any termination of such lease/license and/or non-renewal thereof and attachment by property owner could adversely affect the company operations.
- The company has working capital requirements. If its experience insufficient cash flows to make required payments on the company debt or fund working capital requirements, there may be an adverse effect on its results of operations.
- The company is susceptible to risks relating to fluctuations in currency exchange rates.
- The company does not have a formal hedging policy and accordingly, face foreign exchange risks that could adversely affect the company results of operations and cash flows.
- The Company, and its KMPs and SMPs are party to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company business, results of operations and financial condition.
- Its may be unable to sufficiently obtain, maintain, protect, or enforce the company intellectual property and other proprietary rights.
- The company insurance coverage may not adequately protect it against all material hazards, which may adversely affect its business, results of operations and financial condition.
- The Company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operates its business, any failures to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the company operations.
- Its business has grown rapidly and the company may not be able to sustain its historical growth rates.
- Unsecured loans taken by the Company by the lenders.
- Foreign trade restrictions could materially and adversely affect its business, financial condition and results of operations.
- The company does not verify the contents of the cargo transported by it, thereby exposing it to the risks associated with the transportation of goods in violation of applicable regulations.
- The company's business is exposed to uncertain weather conditions.
- The company business is heavily reliant on information technology systems, and any disruption, failures, or security breach of these systems could materially harm its operations and reputation.
- Failures to adopt emerging technologies could lead to competitive disadvantage and technological obsolescence.
- The company's operations are subject to complex international trade, customs, and sanctions laws, and any violation could result in severe penalties and reputational damage.
- The company's faces competition in the company business from organized and unorganized players, which may adversely affect its business operations and financial condition.
- The company faces challenges in passing on cost increases from third-party service providers to its customers, as well as difficulty in adjusting prices downward to reflect any decline in prices the company charge its customers to the company third-party service providers.
- The Company may not be able to delivers the consignment on timely basis due to which its could become liable to claims by the company customers, suffer negative publicity and incur substantial cost as result of deficiency in its service which could adversely affect the company results of operations.
- The company's inability to effectively manage the company growth or to successfully implement its business plan and growth strategies could have an adverse effect on the company business, results of operations and financial condition. The success of its business will depends greatly on the company ability to effectively implement its business and growth strategies.
- Increasing focus on Environmental, Social, and Governance (ESG) matters and new environmental regulations may increase its costs and adversely affect the company business.
- Internal or external fraud or misconduct could adversely affect its reputation, business, results of operations and financial condition.
- Any failures or significant weakness of its internal controls system could cause operational errors or incidents of fraud, which would adversely affect the company profitability and reputation.
- The determination of the Prices Band is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market prices of the Equity Shares after the Issue.
- The company's has in the past entered into related party transactions and may continue to do so in the future.
- The company funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect its business and results of operations.
- There may be potential conflicts of interest if its Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as the company business operations.
- The company's success largely depends upon the knowledge and experience of the company Promoters, Directors, its Key Managerial Personnel and Senior Management as well as the company ability to attract and retain personnel with technical expertise. Any loss of its Promoter, Directors, Key Managerial Personnel, Senior Management or the company ability to attract and retain them and other personnel with technical expertise could adversely affect the company business, financial condition and results of operations.
- Some of its Directors do not have experience of being a director of a public listed company.
- In addition to normal remuneration or benefits and reimbursement of expenses, some of its directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- The company's business operations depend on the company ability to generate sufficient volumes to achieve acceptable profit margins or avoid losses.
- The company is dependents on its customers' business performance and developments in their markets and industries and their continuing outsourcing of logistics operations.
- The company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available on the internet.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'.
- There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
- The continuing effect of the COVID-19 pandemic on its business and operations is highly uncertain and cannot be predicted.
- Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certains compliance requirements, including prior Shareholders' approval.
- The requirements of being a public listed company may strain its resources and impose additional requirements.
Global Ocean Logistics India Ltd Peer Comparison
Understand the company’s industry standing
Global Ocean Logistics Limited
SJ Logistics India Ltd
Blue Water Logistics Limited
Face Value
10
10
10
Standalone / Consolidated
Standalone
Consolidated
standalone
Total Income Rs. Cr.
190.5591
331.1972
196.1804
EPS-Basis
6.98
35.76
13.34
EPS-Diluted
---
---
---
NAV Per Share
16.49
113.72
25
P/E-Basic EPS
---
12.05
12.07
P/E-Diluted EPS
---
---
---
RONW(%)
39.19
24.13
41
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 17 Dec 2025 & closes on 19 Dec 2025.
Global Ocean Logistics India Limited was originally registered as a private Company as 'Global Ocean Logistics India Private Limited' dated January 8, 2021. Further, the status converted into a Public company and the name was changed to Global Ocean Logistics India Limited', via fresh Certificate of Incorporation dated December 26, 2024 issued by Registrar of Companies, Central Registration Centre.
Promoter Niraj Nandkishor Narsaria, embarked on his journey in logistics industry by establishing a partnership firm under the name and style 'Global Ocean Logistics' in 2011. In 2021, this venture was restructured into a corporate entity under the name 'Global Ocean Logistics India Private Limited'. The Company developed and increased the services which includes multimodal transportation, regulatory compliance like custom clearance and other related services. Under the leadership of Promoter and the support of employees, it has evolved into a company which is providing multimodal logistic solutions to the customer along with project and heavy-lift logistics solutions involve movements of odd and oversized cargo.
Global Ocean Logistics India Limited is a freight forwarding company having multi modal logistics solutions. It has logistics services with diverse capabilities across verticals include (i) shipping/coastal transportation including ODC (Over Dimensional Cargo) (Ocean Freight Forwarding); (ii) road/rail transportation (iii) air cargo; (iv) Container Freight Station solution (CFS); (iv) Custom Clearance (v) and; other services. It operates through major Indian ports, including NHAVA Sheva, Hazira, Tumb, Pune, Mundra and Chennai and have pan-India operations through a network of 4 marketing offices in the city of Vishakhapatnam, Jaipur, Pune, Tuticorin.
Since it operate in a globalized economy, it is essential for businesses to expand their reach and customer base across countries and sometimes across borders to compete in the market. Thus, to transport their products to these different markets whether within countries or across borders, they need to hire logistics services to assist them. Company operate through different agents for providing services in overseas locations. It take advantage of these opportunities as it provide the services to customer which are diversified across India and around the globe and also provide cross country logistic services.
Company is planning the initial public Issue of 40,00,000 Equity Shares of face value of Rs 10 per share through fresh issue.
Global Ocean Logistics India Ltd IPO will close on 19 Dec 2025.
- Longstanding relationship with diverse set of customers across industries.
- Asset-light' business model resulting into higher efficiencies.
- Risk management and credit scoring model.
- Comprehensive Service Portfolio.
- Strategic Geographical Presence.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Niraj Nandkishor Narsaria | 5355787 | 50.8 | 5355787 | 37.08 |
| 2 | Anand Mehta | 3162927 | 30 | 3162927 | 21.9 |
| 3 | Shreekanta Narsaria | 126623 | 1.2 | 126623 | 0.88 |
| 4 | Tanishka Narsaria | 97 | --- | 97 | --- |
| 5 | Namita Narsaria | 97 | --- | 97 | --- |
- The company is mainly dependent on third party service providers to effectively carry out its logistics operations. Any deficiency/delay in services provided by them or failures to maintain relationships with them could result in disruption in the company operations, which could have an adverse effect on its business, financial condition, results of operations and cash flows.
- If the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
- Its top ten customers contribute about representing 48.55%, 42.21%%, 44.43% and 36.53% of our revenues for period ended September 30, 2025, Fiscal 2025, 2024 and 2023. Any loss of business from one or more of them may adversely affect the company revenues and profitability.
- The company depends significantly on its clients from different industries and are highly dependent on the performance of their industry. A loss of, or a significant decrease in their business could adversely affect the company business and profitability.
- Its typically does not have long term agreements with its customers. If the company customers choose not to source their requirements from it, there may be a material adverse effect on its business, financial condition, cash flows and results of operations.
- The company is exposed to the risk of delays or bad debts by its clients and other counterparties, which may also result in cash flow mismatches.
- Its generates a substantial portion of revenue from Maharashtra and Gujarat. Any adverse developments affecting the company operations in the Maharashtra and Gujarat could have an adverse impact on its revenue and results of operations.
- The Company is currently operating through an asset-light business model and accordingly its freight forwarding business depends upon a network of partners to fulfill logistics needs. Disruptions in this network may adversely affect customer satisfaction and business.
- Majority of its freight forwarding business is dependent on ocean freight services, any adverse impact on the ocean transportation services may have an adverse effect on the company results of operations and financial condition.
- Its net cash flows from operating activities have been negative in some years in the past. Any negative cash flow in the future may affect the company liquidity and financial condition.
- There is delayed filing noticed in some of its corporate records relating to forms filed with the Registrar of Companies.
- There have been several instances of delay/ default in payment of statutory dues and filing of statutory returns by the Company in the past.
- The company does not own the premises in which the company registered office is located, the same are on lease arrangement and marketing offices located are on a master access and usage shared with its group company. Any termination of such lease/license and/or non-renewal thereof and attachment by property owner could adversely affect the company operations.
- The company has working capital requirements. If its experience insufficient cash flows to make required payments on the company debt or fund working capital requirements, there may be an adverse effect on its results of operations.
- The company is susceptible to risks relating to fluctuations in currency exchange rates.
- The company does not have a formal hedging policy and accordingly, face foreign exchange risks that could adversely affect the company results of operations and cash flows.
- The Company, and its KMPs and SMPs are party to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company business, results of operations and financial condition.
- Its may be unable to sufficiently obtain, maintain, protect, or enforce the company intellectual property and other proprietary rights.
- The company insurance coverage may not adequately protect it against all material hazards, which may adversely affect its business, results of operations and financial condition.
- The Company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operates its business, any failures to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the company operations.
- Its business has grown rapidly and the company may not be able to sustain its historical growth rates.
- Unsecured loans taken by the Company by the lenders.
- Foreign trade restrictions could materially and adversely affect its business, financial condition and results of operations.
- The company does not verify the contents of the cargo transported by it, thereby exposing it to the risks associated with the transportation of goods in violation of applicable regulations.
- The company's business is exposed to uncertain weather conditions.
- The company business is heavily reliant on information technology systems, and any disruption, failures, or security breach of these systems could materially harm its operations and reputation.
- Failures to adopt emerging technologies could lead to competitive disadvantage and technological obsolescence.
- The company's operations are subject to complex international trade, customs, and sanctions laws, and any violation could result in severe penalties and reputational damage.
- The company's faces competition in the company business from organized and unorganized players, which may adversely affect its business operations and financial condition.
- The company faces challenges in passing on cost increases from third-party service providers to its customers, as well as difficulty in adjusting prices downward to reflect any decline in prices the company charge its customers to the company third-party service providers.
- The Company may not be able to delivers the consignment on timely basis due to which its could become liable to claims by the company customers, suffer negative publicity and incur substantial cost as result of deficiency in its service which could adversely affect the company results of operations.
- The company's inability to effectively manage the company growth or to successfully implement its business plan and growth strategies could have an adverse effect on the company business, results of operations and financial condition. The success of its business will depends greatly on the company ability to effectively implement its business and growth strategies.
- Increasing focus on Environmental, Social, and Governance (ESG) matters and new environmental regulations may increase its costs and adversely affect the company business.
- Internal or external fraud or misconduct could adversely affect its reputation, business, results of operations and financial condition.
- Any failures or significant weakness of its internal controls system could cause operational errors or incidents of fraud, which would adversely affect the company profitability and reputation.
- The determination of the Prices Band is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market prices of the Equity Shares after the Issue.
- The company's has in the past entered into related party transactions and may continue to do so in the future.
- The company funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect its business and results of operations.
- There may be potential conflicts of interest if its Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as the company business operations.
- The company's success largely depends upon the knowledge and experience of the company Promoters, Directors, its Key Managerial Personnel and Senior Management as well as the company ability to attract and retain personnel with technical expertise. Any loss of its Promoter, Directors, Key Managerial Personnel, Senior Management or the company ability to attract and retain them and other personnel with technical expertise could adversely affect the company business, financial condition and results of operations.
- Some of its Directors do not have experience of being a director of a public listed company.
- In addition to normal remuneration or benefits and reimbursement of expenses, some of its directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- The company's business operations depend on the company ability to generate sufficient volumes to achieve acceptable profit margins or avoid losses.
- The company is dependents on its customers' business performance and developments in their markets and industries and their continuing outsourcing of logistics operations.
- The company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available on the internet.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'.
- There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
- The continuing effect of the COVID-19 pandemic on its business and operations is highly uncertain and cannot be predicted.
- Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certains compliance requirements, including prior Shareholders' approval.
- The requirements of being a public listed company may strain its resources and impose additional requirements.
The Issue type of Global Ocean Logistics India Ltd is Book Building - SME.
The minimum application for shares of Global Ocean Logistics India Ltd is 3200.
The total shares issue of Global Ocean Logistics India Ltd is 3899200.
Initial public offer of up to 38,99,200 equity shares of face value of Rs.10/- each ("Equity Shares") of Global Ocean Logistics India Limited ("the Company" or "the Issuer") at an issue price of Rs.78 per equity share (including a share premium of Rs. 68 per equity share) for cash, aggregating up to Rs.30.41 crores ("Public Issue") out of which 1,95,200 equity shares of face value of Rs.10/- each, at an issue price of Rs.78 per equity share for cash, aggregating Rs.1.52 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Issue of 37,04,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs.78 per equity share for cash, aggregating up to Rs. 28.89 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 27.00% and 25.65% respectively of the post- issue paid- up equity share capital of the company.
Price Band is Rs. 78 per equity share of face value Rs. 10/- each.
The floor price is 7.8 times of the face value of the equity shares.
Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.