Eastern Logica Infoway IPO will open for subscription from 05 January 2022. the company aims for an issue size of ₹16.94 Cr through this IPO.
About Company
Incorporated in 1995, Eastern Logica Infoway is engaged in the business of multi-brand retail and retail selling. It also operates as a distributor of branded smartphones, IT hardware, software, and allied accessories and services.
Eastern Logica Infoway also provides networking and security solutions to its consumers. The company has built a fair market presence with over 25 years of its operations.
As on 31 August 2022, the company has 8 retail stores and 3 distribution centers, and virtual offices across 11 cities in India. Eastern Logica Infoway can be located in West Bengal, Delhi, Haryana, Karnataka, Telangana, Maharashtra, Gujarat, and Tamil Nadu. Its business model is based on the lease rental model, as it focuses on securing retail spaces, ensuring high visibility and easy accessibility to customers.
Basic details about the company
| Full name | Eastern Logica Infoway Limited |
| Sector | Retailing |
| Industry | Retailing |
| Company Website | http://www.easternlogica.com/ |
The objective of the Issue
- Funding working capital requirements.
- General corporate purposes.
Major Competitive strengths
- The company has built a strong presence in the market in the 25 years of its operations.
- Eastern Logica Infoway has spread its operations in different parts of India and has established 4 offices, 11 retail stores, 2 distribution centers, and virtual offices across 11 cities in the Country.
- The company has built a strong chain of customers and some of its customers are – Eshaa Communication Private Limited, Checkers India Technology Private Limited, Balaji Solutions Limited, Aakanksha Distributors Private Limited, and Fareast Exim Venture Private Limited.
IPO Timetable
| IPO Opening date | 05 January 2023 |
| IPO Closing | 09 January 2023 |
| Basis of Allotment | 12 January 2023 |
| Initiation Refund | 13 January 2023 |
| Credit to Demat Account | 16 January 2023 |
| Listing Date | 17 January 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹16.94 Cr – 753,000 shares |
| Fresh Issue | ₹14.94 Cr – 664,200 shares |
| Offer for sale | ₹2.00 Cr – 88,800 shares |
| Face value | ₹10 per share |
| Offer price | ₹225 per share |
| Lot size | 600 Shares |
| Retail Allocation | 50% of the net offer |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| HNI (Min) | 2 | 1,200 | ₹270,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 495.67 | 445.21 | 611.96 |
| Expenses | 496.27 | 443.89 | 611.71 |
| Net income | 1.82 | 2.34 | 2.85 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 8.95 | 11.06 | 13.24 |
| PE ratio | – | – | 16.99 |
| RONW (%) | 6.41 | 7.47 | 8.22 |
| NAV | 134.90 | 145.64 | 158.72 |
Company Promoters
- Gaurav Goel
- Shweta Goel
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.59% |
Lead Manager(s)
- Oneview Corporate Advisors Private limited
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone: +91 40 6716 2222
Email: easternlogica.ipo@kfintech.com
Website: www.kfintech.com
Contact Details
EASTERN LOGICA INFOWAY LIMITED
2 Saklat Place 1st Floor, Kolkata,
WestBengal – 700 072, India
Phone: +033 4058 0000
E-mail: cs@easternlogica.com
Website: www.easternlogica.com
Allotment Status
Eastern Logica Infoway IPO allotment status will be available on KFin Tech website. Click on this link to get allotment status.
Final thoughts
Eastern Logica Infoway IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do 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
