21-Mar-2024
2 mins read
GConnect Logitech IPO is open for subscription starting from Tuesday, March 26, 2024, and will close on Thursday, March 28, 2024. The price of this upcoming IPO is decided at Rs 40 per share. The minimum lot size of this application for the retail category is 3000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 6000 shares. The minimum amount of investment required for retail category investors is Rs 1,20,000 (40 x 3000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,68,800 ( 40 x 6000 shares). GConnect Logitech IPO is a fixed- price issue of Rs 5.60 crores. This upcoming IPO issue is completely a fresh issue of 14.01 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Monday, April 1, 2024. GConnect Logitech IPO will be listed on NSE SME, and the listing date is fixed on Wednesday, April 3, 2024. The book-running lead manager of GConnect Logitech IPO is Fedex Securities Private Limited. The registrar for this IPO is Kfin Technologies Limited. The market maker for this IPO is Aftertrade Share Broking.
About GConnect Logitech and Supply Chain Limited
GConnect Logitech incorporated in July 2022, engaged in the business of surface logistics service including goods transport. Company’s promoter had an experience of over 20 years in the field of logistics. Company’s vision is to establish a robust network to enhance efficiency, reduce cost and position itself as a forward thinking industry player. The company’s service offerings include bulk loads, Full Truck Loads service and dedicated loads. The business runs in an asset light model and works with third parties to provide necessary assets such as vehicles. The core business of this company is bulk load service, which is intended to satisfy the particular transportation requirements. The strength of GConnect Logitech is Fast Transportation Service, Safety and reliability and Shipping PAN India.
Objectives of GConnect Logitech IPO
The net amount received from this issue will be used to purchase of Vehicles and bodybuilding. Other than this funds will be utilised to finance the website development and App designing. Moreover, the general corporate purposes will also be covered.
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Financials of GConnect Logitech Limited (Amt in Rs Lakhs)
GConnect Logitech posted a revenue of Rs 212.57 lakhs and profit after tax of Rs 22.83 lakhs for the quarter ending on 30 September 2023. However, on 31 March 2023, the company reported a revenue of Rs 101.03 and net profit of Rs 77.51 crore.
| Period Ended | 30-Sep-23 | 31-Mar-23 |
| Assets | 423.25 | 82.46 |
| Revenue | 212.57 | 101.03 |
| Profit After Tax | 22.83 | 10.86 |
| Net Worth | 398.15 | 77.51 |
| Reserves and Surplus | 166.29 | 60.1 |
Other Important Details of GConnect Logitech IPO
| IPO Date | March 26, 2024 to March 28, 2024 |
| Listing Date | 3-Apr-24 |
| Face Value | Rs 10 per share |
| Price | Rs 40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,401,000 shares amounting to Rs 5.60 crore |
| Fresh Issue | 1,401,000 shares amounting to Rs 5.60 crore |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 2,318,547 |
| Shareholding post issue | 3,719,547 |
| Market Maker portion | 75,000 shares |
Time-Table of GConnect Logitech IPO
| IPO Open Date | Tuesday, March 26, 2024 |
| IPO Close Date | Thursday, March 28, 2024 |
| Basis of Allotment | Monday, April 1, 2024 |
| Initiation of Refunds | Tuesday, April 2, 2024 |
| Credit of Shares to Demat | Tuesday, April 2, 2024 |
| Listing Date | Wednesday, April 3, 2024 |
| Cut-off time for UPI mandate | 5 PM on March 28, 2024 |
Lot Size of GConnect Logitech IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 3000 | Rs 120,000 |
| Retail - maximum | 1 | 3000 | Rs 120,000 |
| HNI - minimum | 2 | 6,000 | Rs 240,000 |
IPO Reservation of GConnect Logitech Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Key Performance Indicator of GConnect Logitech Limited IPO
| KPI | Values |
| ROE | 5.73% |
| ROCE | 7.67% |
| RoNW | 5.73% |
| P/BV | 2.33 |
| PAT Margin | 11.22% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 26.64 | 1.23 |
| P/E | 1.5 | - |
Promoters of GConnect Logitech Limited and Their Holdings
The promoters of GConnect Logitech company are Mr. Jigar Vinodbhai Sheth and Mr. Vinod Venilal Sheth.
Lead Manager(s) of GConnect Logitech IPO
The lead manager for GConnect Logitech IPO is Fedex Securities Private Limited.
How do you apply for the GConnect Logitech IPO?
Wait for the public issue to open for subscription, then click here to apply for the GConnect Logitech Limited IPO with Bigul.
How do you check the allotment status of GConnect Logitech IPO?
The registrar for GConnect Logitech IPO is Kfin Technologies Private Limited. To check your allotment status, please click here.
FAQs
- What is GConnect Logitech IPO?
GConnect Logitech IPO is a fixed- price issue of Rs 5.60 crores. This upcoming IPO issue is completely a fresh issue of 14.01 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Monday, April 1, 2024.
- Who are the lead managers for the GConnect Logitech Limited IPO?
Fedex Securities Private Limited is appointed as the lead manager for the IPO.
- What is the role of Bigshare Services Private Limited in this IPO?
Kfin Technologies Limited is the registrar for GConnect Logitech Limited, handling the IPO's administrative aspects.
- How can I apply for the GConnect Logitech IPO?
The public subscription of this new IPO will open on March 26, 2024. Click here to initiate the application process.
- How will the net proceeds from the IPO be utilised?
The net amount received from this issue will be used to purchase of Vehicles and bodybuilding. Other than this funds will be utilised to finance the website development and App designing. Moreover, the general corporate purposes will also be covered.
- How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the GConnect Logitech Limited IPO 2024 by visiting here.
- What is the financial performance of GConnect Logitech Limited?
GConnect Logitech posted a revenue of Rs 212.57 lakhs and profit after tax of Rs 22.83 lakhs for the quarter ending on 30 September 2023. However, on 31 March 2023, the company reported a revenue of Rs 101.03 and net profit of Rs 77.51 crore.
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