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Eastern Logica Infoway IPO is a fixed price issue of ₹16.94 crores. The issue is a combination of fresh issue of 0.07 crore shares aggregating to ₹14.94 crores and offer for sale of 0.01 crore shares aggregating to ₹2.00 crores.
Eastern Logica Infoway IPO bidding started from Jan 5, 2023 and ended on Jan 9, 2023. The allotment for Eastern Logica Infoway IPO was finalized on Jan 12, 2023. The shares got listed on BSE SME on Jan 17, 2023.
Eastern Logica Infoway IPO price is ₹225.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,70,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Eastern Logica Infoway IPO RHP for detailed Information.
| IPO Date | January 5, 2023 to January 9, 2023 |
| Listing Date | January 17, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹225 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 7,53,000 shares (aggregating up to ₹16.94 Cr) |
| Reserved for Market Maker | 39,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.8775 Cr) |
| Fresh Issue (Ex Market Maker) | 6,25,200 shares (aggregating up to ₹14.07 Cr) |
| Offer for Sale | 88,800 shares of ₹10 (aggregating up to ₹2.00 Cr) |
| Net Offered to Public | 7,14,000 shares (aggregating up to ₹16.07 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 21,86,469 shares |
| Share Holding Post Issue | 28,50,669 shares |
Eastern Logica Infoway IPO offers total 7,53,000 shares. Out of which 3,57,000 (47.41%) allocated to NII, 3,57,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 39,000 (5.18%) |
| NII (HNI) Shares Offered | 3,57,000 (47.41%) |
| Retail Shares Offered | 3,57,000 (47.41%) |
| Total Shares Offered | 7,53,000 (100.00%) |
Eastern Logica Infoway IPO opens on January 5, 2023, and closes on January 9, 2023.
| IPO Open Date | Thu, Jan 5, 2023 |
| IPO Close Date | Mon, Jan 9, 2023 |
| Tentative Allotment | Thu, Jan 12, 2023 |
| Initiation of Refunds | Fri, Jan 13, 2023 |
| Credit of Shares to Demat | Mon, Jan 16, 2023 |
| Tentative Listing Date | Tue, Jan 17, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jan 9, 2023 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,35,000 |
| Retail (Max) | 1 | 600 | ₹1,35,000 |
| HNI (Min) | 2 | 1,200 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1995, Eastern Logica Infoway Limited is engaged in the business of multi-brand retail and retail selling. They also operate as a distributor of branded smartphones, IT hardware, software and allied accessories and services.
Another domain that Eastern Logica Infoway captures is providing networking and security solutions to the end customers. The company has built a strong presence in the market in the 25 years of its operations.
Eastern Logica Infoway has spread its operations in different parts of India and has established 4 offices, 11 retail stores, 2 distribution centres and virtual offices across 11 cities in the Country. They operate on a lease rental model with a focus on securing retail spaces, ensuring high visibility and easy accessibility to customers.
The company has built a strong chain of customers and some of its customers are - Eshaa Communication Private Limited, Checkers India Technology Private Limited, Balaji Solutions Limited, Aakanksha Distributors Private Limited, and Fareast Exim Venture Private Limited.
Eastern Logica Infoway can be located in West Bengal, Delhi, Haryana, Karnataka, Telangana, Maharashtra, Gujarat, and Tamil Nadu.
The company's services are divided into four broad categories:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 8490.92 | 49882.84 | 181.62 | 2832.66 | 2622.68 | 2931.84 |
| 31-Mar-21 | 10324.43 | 44702.9 | 233.59 | 3126.02 | 2911.37 | 4413.71 |
| 31-Mar-22 | 12663.71 | 61558.01 | 285.34 | 3470.3 | 3251.65 | 5967.53 |
| 30-Sep-22 | 12561.79 | 30504.16 | 133.14 | 3603.44 | 3384.79 | 5694.82 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Eastern Logica Infoway IPO is ₹64.14 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 24.09 |
The Company proposes to utilise the Net Proceeds from the Fresh Offer towards funding the following objects:
[Dilip Davda] The company is in a highly competitive multi-brand retailing and distribution segment. Though it posted growth in its top line, its margins are under pressure. Based on its financial data so far, the issue appears aggressively priced. Small paid-up equity capital base post IPO indicates longer gestation for migration to the mainboard. There is no harm in skipping this pricey bet. Read detail review...
| Listing Date | January 17, 2023 |
| BSE Script Code | 543746 |
| NSE Symbol | |
| ISIN | INE0BSU01018 |
| Final Issue Price | ₹225 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹225.00 |
| Open | ₹270.00 |
| Low | ₹256.50 |
| High | ₹283.50 |
| Last Trade | ₹283.50 |
Eastern Logica Infoway Ltd.
2 Saklat Place
1st Floor,
Kolkata, West Bengal 700072
Kolkata, West Bengal
Phone: 033 4058 0000
Email: cs@easternlogica.com
Website: http://www.easternlogica.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: easternlogica.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Eastern Logica Infoway IPO is a SME IPO of 7,53,000 equity shares of the face value of ₹10 aggregating up to ₹16.94 Crores. The issue is priced at ₹225 per share. The minimum order quantity is 600.
The IPO opens on January 5, 2023, and closes on January 9, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Eastern Logica Infoway IPO using UPI as a payment gateway. Zerodha customers can apply in Eastern Logica Infoway IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Eastern Logica Infoway IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Eastern Logica Infoway IPO opens on January 5, 2023 and closes on January 9, 2023.
Eastern Logica Infoway IPO lot size is 600, and the minimum amount required for application is ₹1,35,000.
You can apply in Eastern Logica Infoway IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Eastern Logica Infoway IPO will be done on Thursday, January 12, 2023, and the allotted shares will be credited to your demat account by Monday, January 16, 2023. Check the Eastern Logica Infoway IPO allotment status.
The Eastern Logica Infoway IPO listing date is on Tuesday, January 17, 2023.
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