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GConnect Logitech IPO vs TAC Infosec IPO

Comparison between GConnect Logitech IPO and TAC Infosec IPO.

IPO Details

GConnect Logitech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while TAC Infosec IPO is a SME Bookbuilding proposed to list at NSE SME.

 GConnect Logitech IPOTAC Infosec IPO
LogoGConnect Logitech IPO LogoTAC Infosec IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerAftertrade Broking Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of GConnect Logitech IPO is up to ₹5.30 Cr whereas the issue size of the TAC Infosec IPO is up to ₹28.49 Cr. The final issue price of GConnect Logitech IPO is ₹40.00 per share and of TAC Infosec IPO is ₹106.00 per share.

 GConnect Logitech IPOTAC Infosec IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹100.00 per share
Issue Price (Upper)₹106.00 per share
Issue Price (Final)₹40.00 per share₹106.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1200 shares
Fresh Issue Size13,26,000 shares26,88,000 shares
Fresh Issue Size (Amount)up to ₹5.30 Crup to ₹28.49 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total13,26,000 shares26,88,000 shares
Issue Size Total (Amount)up to ₹5.30 Crup to ₹28.49 Cr

IPO Timetable

GConnect Logitech IPO opens on Mar 26, 2024, while TAC Infosec IPO opens on Mar 27, 2024. The closing date of GConnect Logitech IPO and TAC Infosec IPO is Mar 28, 2024, and Apr 02, 2024, respectively.

 GConnect Logitech IPOTAC Infosec IPO
Anchor Bid DateMar 26, 2024
Issue OpenMar 26, 2024Mar 27, 2024
Issue CloseMar 28, 2024Apr 02, 2024
Basis Of Allotment (Tentative)Apr 01, 2024Apr 03, 2024
Initiation of Refunds (Tentative)Apr 02, 2024Apr 04, 2024
Credit of Share (Tentative)Apr 02, 2024Apr 04, 2024
Listing date (Tentative)Apr 03, 2024Apr 05, 2024
Anchor Lockin End date 1May 03, 2024
Anchor Lockin End date 2Jul 02, 2024

Financials & KPIs

GConnect Logitech IPO P/E ratio is 1.5, as compared to TAC Infosec IPO P/E ratio of 15.98.

 GConnect Logitech IPOTAC Infosec IPO
Financials

GConnect Logitech and Supply Chain Limited Financial Information (Restated)

Period Ended30 Sep 202331 Mar 2023
Assets423.2582.46
Total Income212.57101.03
Profit After Tax22.8310.86
Net Worth398.1577.51
Reserves and Surplus166.2960.10
Amount in ₹ Lakhs

TAC Infosec Limited Financial Information (Restated)

TAC Infosec Limited's revenue increased by 93.7% and profit after tax (PAT) rose by 735.05% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,213.02977.65496.45404.00
Total Income531.101,014.28523.63516.49
Profit After Tax194.85507.2960.7561.13
Net Worth962.90768.05260.75200.00
Reserves and Surplus917.90723.05215.75155.00
Total Borrowing27.6835.9389.0622.29
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)76.7678.00
Promoter Shareholding (Post-Issue)47.8556.94
P/E Ratio1.515.98
Market Cap₹14.88 Cr.₹111.08 Cr.
ROE5.73%22.51%
ROCE7.67%22.75%
Debt/Equity
EPS₹26.64₹6.63
RoNW5.73%20.24%

Shares Offered

In the GConnect Logitech IPO Retail Individual Investors (RII) are offered 6,63,000 shares while in TAC Infosec IPO retail investors are offered 6,63,000 shares. Qualified Institutional Buyers (QIB) are offered in GConnect Logitech IPO and 5,37,600 shares in TAC Infosec IPO.

 GConnect Logitech IPOTAC Infosec IPO
Anchor Investor Reserveration8,06,400 shares
Market Maker Reserveration75,000 shares1,41,600 shares
QIB5,37,600 shares
NII6,63,000 shares4,03,200 shares
RII6,63,000 shares9,40,800 shares
Employee
Others
Total13,26,000 shares26,88,000 shares

Bids Received (Subscription)

GConnect Logitech IPO subscribed 57.38x in total, whereas TAC Infosec IPO subscribed 422.03x.

 GConnect Logitech IPOTAC Infosec IPO
QIB (times)141.29x
NII (times)42.90x768.89x
Big NII (times)
Small NII (times)
RII (times)71.74x433.80x
Employee (times)
Other (times)
Total (times)57.38x422.03x