Eastern Logica Infoway IPO

Eastern Logica Infoway IPO

 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 nameEastern Logica Infoway Limited
Company Websitehttp://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 date05 January 2023
IPO Closing09 January 2023
Basis of Allotment12 January 2023
Initiation Refund13 January 2023
Credit to Demat Account16 January 2023
Listing Date17 January 2023

IPO details

Issue typeFixed 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 size600 Shares
Retail Allocation50% of the net offer
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)1600₹135,000
Retail (Max)1600₹135,000
HNI (Min)21,200₹270,000

Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2020FY 2021FY 2022
Net income1.822.342.85
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio16.99
RONW (%)6.417.478.22

Company Promoters

  • Gaurav Goel
  • Shweta Goel

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.59%

Lead Manager(s)

  • Oneview Corporate Advisors Private limited

IPO Registrar

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

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

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