GConnect Logitech IPO will open for subscription from 26 March 2024. The company aims for an issue size of ₹5.60 Cr through this IPO.
Company Overview
| Full name | GConnect Logitech and Supply Chain Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | https://www.gconnectlogitech.com/ |
About Company
Incorporated in July 2022, Gconnect Logitech and Supply Chain is involved in providing surface logistics services, specifically goods transport services. The company caters to other logistics companies, including surface logistics companies, as well as direct customers. Its services encompass bulk load, Full Truck Load (FTL) services, and dedicated loads. The company operates on an asset-light model and collaborates with third parties to acquire necessary assets, such as vehicles.
As of 30 September 2023, the company serves approximately 24 customers, with over 8 of them having been associated with it for over 4 years. As of 30 October 2023, the company has partnered with 4 fleet management companies and has utilized 23 vehicles of various sizes and carrying capacities as per the requirements of customers. As of March 2024, the company employs a total of 6 individuals across various departments.
The Objectives of the Issue
- Purchase of Vehicles and Body Building;
- Finance the Website Development and App Design; and
- General Corporate Purpose.
GConnect Logitech IPO Timetable
| IPO Opening date | 26 March 2024 |
| IPO Closing | 28 March 2024 |
| Basis of Allotment | 01 April 2024 |
| Initiation Refund | 02 April 2024 |
| Credit to Demat Account | 02 April 2024 |
| Listing Date | 03 April 2024 |
GConnect Logitech IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹5.60 Cr – 1,401,000 shares |
| Fresh Issue | ₹5.60 Cr – 1,401,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹40 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 75,000 shares |
| Shareholding pre-issue | 2,318,547 |
| Shareholding post-issue | 3,719,547 |
| Listing Exchange | BSE SME |
GConnect Logitech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
GConnect Logitech IPO Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
GConnect Logitech IPO Financial Performance
| FY 2023 | H1 FY 2024 | |
| Revenue | 101.03 | 212.57 |
| Expenses | 86.55 | 182.06 |
| Net income | 10.86 | 22.83 |
GConnect Logitech Valuations & Margins
| FY 2023 | |
| EPS | 26.64 |
| PE ratio | 1.50 |
| RONW (%) | 14.01 |
| NAV | 44.52 |
| ROCE (%) | 18.70 |
| EBITDA (%) | 14.35 |
| Debt/Equity | 0.00 |
Company Promoters
- Mr. Jigar Vinodbhai Sheth
- Mr. Vinod Venilal Sheth.
Promoter Holding
| Pre Issue Share Holding | 76.76% |
| Post Issue Share Holding | 47.85% |
GConnect Logitech IPO Lead Manager(s)
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in
GConnect Logitech Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: gconnect.ipo@kfintech.com
Website: www.kfintech.com
GConnect Logitech Contact Details
GCONNECT LOGITECH AND SUPPLY CHAIN LIMITED
Shop No. 6, Sadguru Complex,
Nari Chowkadina, Bhavnagar – 364 001, Gujarat
Phone: +91 93777 74949
E-mail: contact@gconnectlogitech.com
Website: www.gconnectlogitech.com
GConnect Logitech IPO Allotment Status
Gconnect Logitech IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Final thoughts
GConnect Logitech IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
