The GB Logistics IPO opened for subscription on Jan. 24 with a price band of Rs 95 to Rs 102 per share.The company aims to raise Rs 25.07 crore through the IPO and has reserved 50% of the net offer size for qualified institutional buyers.GB Logistics reported a revenue of Rs 50.85 crore and a net profit of Rs 2.53 crore in the first half of the ongoing fiscal year.The projected listing price of GB Logistics shares is expected to be Rs 123 apiece, with a grey market premium of Rs 21.