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GConnect Logitech and Supply Chain Limited IPO of Rs 5.60 crores (GConnect Logitech IPO) Detail

GConnect Logitech and Supply Chain Limited IPO

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 DateMarch 26, 2024 to March 28, 2024
Listing Date[.]
Face Value₹10 per share
Price₹40 per share
Lot Size3000 Shares
Total Issue Size1,401,000 shares (aggregating up to ₹5.60 Cr)
Fresh Issue1,401,000 shares
(aggregating up to ₹5.60 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share holding pre issue2,318,547
Share holding post issue3,719,547
Market Maker portion75,000 shares
GConnect Logitech IPO opens on March 26, 2024, and closes on March 28, 2024.

GConnect Logitech IPO Timeline (Tentative Schedule)

IPO Open DateTuesday, March 26, 2024
IPO Close DateThursday, March 28, 2024
Basis of AllotmentMonday, April 1, 2024
Initiation of RefundsTuesday, April 2, 2024
Credit of Shares to DematTuesday, April 2, 2024
Listing DateWednesday, April 3, 2024
Cut-off time for UPI mandate confirmation5 PM on March 28, 2024
GConnect Logitech IPO opens on March 26, 2024, and closes on March 28, 2024.

GConnect Logitech IPO Reservation

Investor CategoryShares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered75,000 (5.35%)
Other Shares Offered663,000 (47.32%)
Retail Shares Offered663,000 (47.32%)
Total Shares Offered1,401,000 (100%)
GConnect Logitech IPO offers 1,401,000 shares. 663,000 (47.32%) to NII, 663,000 (47.32%) to RII.

GConnect Logitech IPO Reservation

Investor CategoryShares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered75,000 (5.35%)
Other Shares Offered663,000 (47.32%)
Retail Shares Offered663,000 (47.32%)
Total Shares Offered1,401,000 (100%)
GConnect Logitech IPO offers 1,401,000 shares. 663,000 (47.32%) to NII, 663,000 (47.32%) to RII.

GConnect Logitech IPO Promoter Holding

Share Holding Pre Issue76.76%
Share Holding Post Issue47.85%
The promoters of the Company are Mr. Jigar Vinodbhai Sheth and Mr. Vinod Venilal Sheth.

GConnect Logitech and Supply Chain Limited Financial Information (Restated)

Period Ended30 Sep 202331 Mar 2023
Assets423.2582.46
Revenue212.57101.03
Profit After Tax22.8310.86
Net Worth398.1577.51
Reserves and Surplus166.2960.10

Key Performance Indicator

KPIValues
ROE5.73%
ROCE7.67%
RoNW5.73%
P/BV2.33
PAT Margin (%)11.22
The market capitalization of GConnect Logitech IPO is Rs 14.88 Cr.

KPI as of September 30, 2024.

GConnect Logitech and Supply Chain Limited Contact Details

GConnect Logitech and Supply Chain Limited
Shop No. 6, Sadguru Complex
Nari Chowkadina
Bhavnagar – 364 001,
Phone: +91 93777 74949
Email: contact@gconnectlogitech.com
Websitehttps://www.gconnectlogitech.com/Read More:- Naman In-Store (India) Limited IPO of Rs 25.35 crores(Naman In-Store (India) IPO) Detail

 

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