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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 ₹40.00 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). The minimum lot size investment for 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 Date | March 26, 2024 to March 28, 2024 |
| Listing Date | April 3, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,01,000 shares (aggregating up to ₹5.60 Cr) |
| Reserved for Market Maker | 75,000 shares Aftertrade Broking Pvt.Ltd. (aggregating up to ₹0.3000 Cr) |
| Net Offered to Public | 13,26,000 shares (aggregating up to ₹5.30 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 23,18,547 shares |
| Share Holding Post Issue | 37,19,547 shares |
GConnect Logitech IPO offers total 14,01,000 shares. Out of which 6,63,000 (47.32%) allocated to NII, 6,63,000 (47.32%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 75,000 (5.35%) |
| NII (HNI) Shares Offered | 6,63,000 (47.32%) |
| Retail Shares Offered | 6,63,000 (47.32%) |
| Total Shares Offered | 14,01,000 (100.00%) |
GConnect Logitech IPO opens on March 26, 2024, and closes on March 28, 2024.
| IPO Open Date | Tue, Mar 26, 2024 |
| IPO Close Date | Thu, Mar 28, 2024 |
| Tentative Allotment | Mon, Apr 1, 2024 |
| Initiation of Refunds | Tue, Apr 2, 2024 |
| Credit of Shares to Demat | Tue, Apr 2, 2024 |
| Tentative Listing Date | Wed, Apr 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 28, 2024 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 423.25 | 82.46 |
| Total Income | 212.57 | 101.03 |
| Profit After Tax | 22.83 | 10.86 |
| Net Worth | 398.15 | 77.51 |
| Reserves and Surplus | 166.29 | 60.10 |
| Amount in ₹ Lakhs | ||
The market capitalization of GConnect Logitech IPO is ₹14.88 Cr.
KPI as of Mon, Sep 30, 2024.
| KPI | Values |
|---|---|
| ROE | 5.73% |
| ROCE | 7.67% |
| RoNW | 5.73% |
| PAT Margin | 11.22% |
| Price to Book Value | 2.33 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 26.64 | 1.23 |
| P/E (x) | 1.5 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It provides logistic services with third party vehicles, which turns risky and does not give good margins. Based on FY24 annualized earnings, the issue is exorbitantly priced. Small equity base post-IPO indicates longer gestation period. There is no harm in skipping this pricey bet. Read detail review...
| Listing Date | April 3, 2024 |
| BSE Script Code | 544156 |
| NSE Symbol | |
| ISIN | INE0QHY01011 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹42.00 |
| Low | ₹42.00 |
| High | ₹44.10 |
| Last Trade | ₹44.10 |
GConnect Logitech & Supply Chain Ltd.
Shop No. 6, Sadguru Complex
Nari Chowkadina
Bhavnagar – 364 001,
Bhavnagar, Gujarat
Phone: +91 93777 74949
Email: contact@gconnectlogitech.com
Website: https://www.gconnectlogitech.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: Gconnect.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
GConnect Logitech IPO is a SME IPO of 14,01,000 equity shares of the face value of ₹10 aggregating up to ₹5.60 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on March 26, 2024, and closes on March 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 March 26, 2024 and closes on March 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 Tuesday, April 2, 2024. Check the GConnect Logitech IPO allotment status.
The GConnect Logitech IPO listing date is on Wednesday, April 3, 2024.
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