Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Tue, Mar 26, 2024 - Thu, Mar 28, 2024
GConnect Logitech IPO is a fixed price issue of ₹5.60 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹5.60 crore.
GConnect Logitech IPO bidding started from Mar 26, 2024 and ended on Mar 28, 2024. The allotment for GConnect Logitech IPO was finalized on Apr 1, 2024. The shares got listed on BSE SME on Apr 3, 2024.
GConnect Logitech IPO price is ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Fedex Securities 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 Aftertrade Broking Pvt.Ltd..
Refer to GConnect Logitech IPO RHP for detailed Information.
IPO Open
Tue, Mar 26, 2024
IPO Close
Thu, Mar 28, 2024
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹14.88 Cr
| IPO Date | 26 to 28 Mar, 2024 |
| Listed on | Wed, Apr 3, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 14,01,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 75,000 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹0.3000 Cr) |
| Fresh Issue (Ex Market Maker) | 13,26,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 13,26,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 23,18,547 shares |
| Share Holding Post Issue | 37,19,547 shares |
| BSE Script Code | 544156 |
| ISIN | INE0QHY01011 |
GConnect Logitech IPO comprises a total issue size of 14,01,000 shares. The net offer to the public is 13,26,000 shares, after excluding 75,000 shares allotted on a firm basis. Of the Net offer 6,63,000 (50.00%) allocated to NII 6,63,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,63,000 | 50.00% | 47.32% |
| Retail Shares Offered | 6,63,000 | 50.00% | 47.32% |
| Firm Reservations | |||
| Market Maker Shares Offered | 75,000 | 5.35% | |
| Total Shares Offered | 14,01,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in July 2022, Gconnect Logitech and Supply Chain Limited provides surface logistics services, including goods transport.
The company's service offerings include bulk loads, Full Truck Loads (FTL) service, and dedicated loads.
The company has an asset-light model and works with third parties to provide necessary assets, such as vehicles.
As of September 30, 2023, the company serves approximately 24 customers, with over 8 customers having been associated with them for more than 4 years.
As of Oct. 30, 2023, the company had partnered with 4 fleet management firms and had 23 vehicles of various sizes to meet customer needs.
As of March 2024, the company has a total of 6 employees in various departments.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 4.23 | 0.82 |
| Total Income | 2.13 | 1.01 |
| Profit After Tax | 0.23 | 0.11 |
| NET Worth | 3.98 | 0.78 |
| Reserves and Surplus | 1.66 | 0.60 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Vehicles and Body Building | 4.10 |
| 2 | Finance the Website Development and App Designing; and | 0.49 |
| 3 | General Corporate Purpose | 0.46 |
| KPI | Sep 30, 2024 |
|---|---|
| ROE | 5.73% |
| ROCE | 7.67% |
| RoNW | 5.73% |
| PAT Margin | 11.22% |
| Price to Book Value | 2.33 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 26.64 | 1.23 |
| P/E (x) | 1.5 | |
| Promoter Holding | 76.76% | 47.85% |
| Market Cap | ₹14.88 Cr. |
The GConnect Logitech IPO is subscribed 57.38 times on March 28, 2024 7:02:09 PM (Day 3). The public issue subscribed 71.74 times in the retail category, [.] times in the QIB category, and 42.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 42.9 | 6,63,000 | 2,84,43,000 |
| Retail | 71.74 | 6,63,000 | 4,75,62,000 |
| Total | 57.38 | 13,26,000 | 7,60,92,000 |
Total Application : 21,562
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees | 0.18 |
| 2 | Fees payable to Advertising and marketing Expenses, Printing and Distribution of issue stationery, Brokerage, Selling, Commission and upload fees | 0.04 |
| 3 | Registrars to the Issue | 0.03 |
| 4 | Legal and other services | 0.03 |
| 5 | Regulators including Stock Exchanges | 0.10 |
| 6 | Others, if any (Market making, Other Intermediary fees, consultant fees, underwriting expenses, depositories, marketing fees etc.) | 0.18 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹42.00 |
| Low | ₹42.00 |
| High | ₹44.10 |
| Last Trade | ₹44.10 |
Lead Manager Reports
GConnect Logitech IPO is a SME IPO of 14,01,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Mar 26, 2024, and closes on Thu, Mar 28, 2024.
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 GConnect Logitech IPO using UPI as a payment gateway. Zerodha customers can apply in GConnect Logitech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GConnect Logitech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GConnect Logitech IPO opens on Tue, Mar 26, 2024 and closes on Thu, Mar 28, 2024.
GConnect Logitech IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in GConnect Logitech 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 GConnect Logitech IPO will be done on Monday, April 1, 2024, and the allotted shares will be credited to your demat account by Tue, Apr 2, 2024. Check the GConnect Logitech IPO allotment status.
The GConnect Logitech IPO listing date is on Wed, Apr 3, 2024.
