GConnect Logitech Limited IPO is an BSE SME IPO. They are going to raise ₹5.60 Crores via IPO. The issue is priced at ₹40 to ₹40 per equity share. The IPO is to be listed on BSE.
GConnect Logitech Limited IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the GConnect Logitech IPO is expected to be finalized on April 01, 2024. GConnect Logitech Limited IPO will list on BSE SME with tentative listing date fixed as April 03, 2024.
| IPO Details | allotment |
| Minimum Investment ₹120,000 /1 Lot (3000 shares) | Price Range ₹40-₹40 | |
| Max Quantity 1 Lots/3000 Shares | Max Investment ₹120,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 5.60 Cr | Employee Discount ₹0 |
| Total Issue Size 1,401,000 Shares (aggregating up to ₹5.60 Cr) | Share Holding Pree Issue 2,318,547 | Issue Type Fixed price Issue IPO |
| Fresh Issue Share 1,401,000 Shares (aggregating up to ₹5.60 Cr) | Share Holding Post Issue 3,719,574 | Listing At BSE SME |
| Market Maker Portion 75,000 Shares (Aftertrade Share Broking) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 26 March 2024 |
| Offer Ends | 28 March 2024 |
| Allotment | 01 April 2024 |
| Refunds | 02 April 2024 |
| Credit of shares to Demat account | 02 April 2024 |
| IPO Listing | 03 April 2024 |
About GConnect Logitech Limited
Incorporated in July 2022, Gconnect Logitech and Supply Chain Limited provides surface logistics services, including goods transport.
GConnect Logitech is engaged in the business of providing surface logistics services viz. goods transport services. Their Company offers its services to other logistic companies, including surface logistic companies and to direct customers. The range of services offered by their Company includes bulk load, Full Truck Load (FTL) service, and dedicated load. Under bulk load, Their Company offers bulk transportation service to large Companies through their transport contractors, Full Truck Load (FTL) service to retailers and traders, wherein their Company provides point-to-point services to the customers in which the goods are loaded from the premises of the customer and are delivered to the delivery point as specified by them (i.e. factory/warehouse). Their Company also provides dedicated load service, which includes multiple pick-ups and drops. Their Company mainly serves transport contractors and industrial customers, who have requirement to transport bulk quantities of their goods from one place to another within India.
| Incorporated in | Managing Director |
| 2022 | Mr. |
Share Holding
The promoters of the Company are Mr. Jigar Vinodbhai Sheth and Mr. Vinod Venilal Sheth.
| Share Holding Pre-Issue | 76.76% |
| Share Holding Post-Issue | 47.85% |
GConnect Logitech Limited IPO Prospectus
| GConnect Logitech Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2023 |
| Revenue | ₹423.25 | ₹82.46 |
| Assets | ₹212.57 | ₹101.03 |
| Profit | ₹22.83 | ₹10.86 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 14.88 Cr | ROE | 5.73% |
| P/E (X) | ROCE | 7.67% | |
| POST P/E (X) | EPS | 26.64 | |
| Debt to Equity | RONW | 5.73% |
Objects of the Issue
The Objects of the company is to raise funds for:
- Purchase of Vehicles and Body Building.
- Finance the Website Development and App Designing.
- General Corporate Purpose.
Brokerage Firm IPO Review
- To be updated soon
| GConnect Logitech Limited Contact Details | |
| Address | GConnect Logitech Limited Shop No. 6, Sadguru Complex Nari Chowkadina Bhavnagar – 364 001, |
| Phone: | +91 93777 74949 |
| contact@gconnectlogitech.com | |
| Website | https://www.gconnectlogitech.com/ |
| GConnect Logitech Limited IPO Registrar | |
| . | Kfin Technologies Limited |
| Phone | 04067162222, 04079611000 |
| Gconnect.ipo@kfintech.com | |
| Website | https://kosmic.kfintech.com/ipostatus/ |
| GConnect Logitech Limited IPO Allotment Status Check |
| GConnect Logitech Limited IPO Allotment Status Check Click Here |
| GConnect Logitech Limited Lead Managers | |
| Fedex Securities Limited 305 Enterprise Center, Nehru Road, Vile Parle East, Mumbai – 400 099 | |
| Phone | 022 2613 6460 / 2613 6461 |
| Website | http://www.fedsec.in/ |
GConnect Logitech Limited IPO FAQs
What is GConnect Logitech Limited IPO?
- GConnect Logitech Limited IPO is an BSE SME IPO. They are going to raise ₹5.60 Crores via IPO. The issue is priced at ₹40 to ₹40 per equity share. The IPO is to be listed on BSE.
- The IPO opens on March 26, 2024, and closes on March 28, 2024.
When GConnect Logitech Limited IPO will open?
- The IPO is to open on March 26, 2024, for NII, and Retail Investors. and closes on March 28, 2024
What is GConnect Logitech Limited IPO Investors Portion?
- The investors’ portion for NII is 50%, and Retail is 50%.
What is GConnect Logitech Limited IPO Size?
- GConnect Logitech Limited IPO size is ₹5.60 crores.
What is GConnect Logitech Limited IPO Price Band?
- GConnect Logitech Limited IPO Price Band is ₹40 to ₹40 per equity share.
What is GConnect Logitech Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (3000 Shares) with ₹120,000. and Maximum Lot Size 1 Lots (3000 Shares) with ₹120,000
What is GConnect Logitech Limited IPO Allotment Date?
- GConnect Logitech Limited IPO allotment date is April 01, 2024.
What is GConnect Logitech Limited IPO Listing Date?
- GConnect Logitech Limited IPO listing date is April 03, 2024. The IPO to list on BSE.