GConnect Logitech IPO bidding opened for subscription on March 26, 2024 and will close on March 28, 2024.
GConnect Logitech IPO is a fixed price issue of Rs 5.60 crores. The issue is entirely a fresh issue of 14.01 lakh shares. The allotment for the GConnect Logitech IPO is expected to be finalized on Monday, April 1, 2024. GConnect Logitech IPO will list on BSE SME with tentative listing date fixed as Wednesday, April 3, 2024.
GConnect Logitech IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹240,000.
Fedex Securities Pvt Ltd is the book running lead manager of the GConnect Logitech IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for GConnect Logitech IPO is Aftertrade Share Broking.
About GConnect Logitech and Supply Chain Limited
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.
GConnect Logitech IPO Details
| IPO Date | March 26, 2024 to March 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,401,000 shares (aggregating up to ₹5.60 Cr) |
| Fresh Issue | 1,401,000 shares |
| (aggregating up to ₹5.60 Cr) | |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,318,547 |
| Share holding post issue | 3,719,547 |
| Market Maker portion | 75,000 shares |
GConnect Logitech IPO Timeline (Tentative Schedule)
| IPO Open Date | Tuesday, March 26, 2024 |
| IPO Close Date | Thursday, March 28, 2024 |
| Basis of Allotment | Monday, April 1, 2024 |
| Initiation of Refunds | Tuesday, April 2, 2024 |
| Credit of Shares to Demat | Tuesday, April 2, 2024 |
| Listing Date | Wednesday, April 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2024 |
GConnect Logitech IPO Reservation
| Investor Category | Shares Offered |
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 75,000 (5.35%) |
| Other Shares Offered | 663,000 (47.32%) |
| Retail Shares Offered | 663,000 (47.32%) |
| Total Shares Offered | 1,401,000 (100%) |
GConnect Logitech IPO Reservation
| Investor Category | Shares Offered |
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 75,000 (5.35%) |
| Other Shares Offered | 663,000 (47.32%) |
| Retail Shares Offered | 663,000 (47.32%) |
| Total Shares Offered | 1,401,000 (100%) |
GConnect Logitech IPO Promoter Holding
| Share Holding Pre Issue | 76.76% |
| Share Holding Post Issue | 47.85% |
GConnect Logitech and Supply Chain Limited Financial Information (Restated)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
| Assets | 423.25 | 82.46 |
| Revenue | 212.57 | 101.03 |
| Profit After Tax | 22.83 | 10.86 |
| Net Worth | 398.15 | 77.51 |
| Reserves and Surplus | 166.29 | 60.10 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 5.73% |
| ROCE | 7.67% |
| RoNW | 5.73% |
| P/BV | 2.33 |
| PAT Margin (%) | 11.22 |
KPI as of September 30, 2024.
GConnect Logitech and Supply Chain Limited Contact Details
Shop No. 6, Sadguru Complex
Nari Chowkadina
Bhavnagar – 364 001,
Phone: +91 93777 74949
Email: contact@gconnectlogitech.com
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