Fixed Price IPO | ₹17 Cr | Listed at BSE SME | Thu, Jan 5, 2023 - Mon, Jan 9, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jan 5, 2023
IPO Close
Mon, Jan 9, 2023
Issue Price
₹225 per share
Market Cap (Pre-IPO)
₹64.14 Cr
| IPO Date | 5 to 9 Jan, 2023 |
| Listed on | Tue, Jan 17, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹225 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 7,53,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 39,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.8775 Cr) |
| Fresh Issue (Ex Market Maker) | 6,25,200 shares (agg. up to ₹14 Cr) |
| Offer for Sale | 88,800 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 7,14,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 21,86,469 shares |
| Share Holding Post Issue | 28,50,669 shares |
| BSE Script Code | 543746 |
| ISIN | INE0BSU01018 |
Eastern Logica Infoway IPO comprises a total issue size of 7,53,000 shares. The net offer to the public is 7,14,000 shares, after excluding 39,000 shares allotted on a firm basis. Of the Net offer 3,57,000 (50.00%) allocated to NII 3,57,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,57,000 | 50.00% | 47.41% |
| Retail Shares Offered | 3,57,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 39,000 | 5.18% | |
| Total Shares Offered | 7,53,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 125.62 | 126.64 | 103.24 | 84.91 |
| Total Income | 305.04 | 615.58 | 447.03 | 498.83 |
| Profit After Tax | 1.33 | 2.85 | 2.34 | 1.82 |
| NET Worth | 36.03 | 34.70 | 31.26 | 28.33 |
| Reserves and Surplus | 33.85 | 32.52 | 29.11 | 26.23 |
| Total Borrowing | 56.95 | 59.68 | 44.14 | 29.32 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the Working Capital requirements of the Company | 13.47 |
| 2 | General corporate purposes | 1.00 |
| KPI | |
|---|---|
| ROE | 8.22 |
| ROCE | 20.34 |
| Debt/Equity | 1.72 |
| RoNW | 8.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.24 | |
| P/E (x) | 24.09 | |
| Promoter Holding | 100.00% | 73.59% |
| Market Cap | ₹64.14 Cr. |
The Eastern Logica Infoway IPO is subscribed 1.74 times on January 9, 2023 3:41:00 PM (Day 3). The public issue subscribed 1.56 times in the retail category, [.] times in the QIB category, and 1.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.92 | 3,57,000 | 6,84,000 |
| Retail | 1.56 | 3,57,000 | 5,55,600 |
| Total | 1.74 | 7,14,000 | 12,39,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees | 0.23 |
| 2 | Registrar to the Offer | 0.01 |
| 3 | Legal Advisor | 0.04 |
| 4 | Advertising and marketing expenses | 0.03 |
| 5 | Regulators including stock exchanges | 0.03 |
| 6 | Printing and distribution of Offer stationary | 0.02 |
| 7 | Others, if any (market making, depositories, selling Commission, brokerage, marketing fees, underwriting fees, secretarial, peer review auditors, etc.) | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹225.00 |
| Open | ₹270.00 |
| Low | ₹256.50 |
| High | ₹283.50 |
| Last Trade | ₹283.50 |
Lead Manager Reports
Eastern Logica Infoway IPO is a SME IPO of 7,53,000 equity shares of the face value of ₹10 aggregating up to ₹17 Crores. The issue is priced at ₹225 per share. The minimum order quantity is 600.
The IPO opens on Thu, Jan 5, 2023, and closes on Mon, Jan 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 Thu, Jan 5, 2023 and closes on Mon, Jan 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 Mon, Jan 16, 2023. Check the Eastern Logica Infoway IPO allotment status.
The Eastern Logica Infoway IPO listing date is on Tue, Jan 17, 2023.
