GConnect Logitech and Supply Chain Limited IPO
GConnect Logitech and Supply Chain Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹40 per share. The stock debuted at ₹42, delivering a listing gain of 5.0%. The IPO had a lot size of ₹3000 shares and a minimum investment of ₹1,20,000.
GConnect Logitech and Supply Chain Limited IPO
- IPO Dates
- Mar 26, 2024 – Mar 28, 2024
- Price band
- ₹40 per equity share
- Minimum Investment
- ₹1,20,000
- Issue size
- ₹5.6 Cr
- Lot size
- 3000
- Allotment Date
- Apr 1, 2024
- Listing
- Apr 3, 2024
- Listing At
- BSE SME
IPO timeline
-
Mar 26, 2024
Open Date
Completed
-
Mar 28, 2024
Close Date
Completed
-
Apr 1, 2024
Allotment Date
Completed
-
Apr 3, 2024
Listing Date
Completed
GConnect Logitech and Supply Chain Limited IPO Essentials
GConnect Logitech and Supply Chain Limited IPO Details
GConnect Logitech and Supply Chain Limited IPO is priced at ₹40 per share with a total issue size of 5.6 crore. The IPO has a lot size of 3000 shares and is listed on BSE SME.
- Issue price
- ₹40 per equity share
- Lot size
- 3000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 1,401,000 shares(aggregating up to ₹5.60 Cr)
- Total issue size
- 14,01,000 shares
(aggregating up to ₹5.6 crore) - Fresh issue
- 14,01,000 shares
(aggregating up to ₹5.6 crore) - Listing at
- BSE SME
- List price
- 42.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Fedex Securities Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3000 | ₹1,20,000 |
| Retail(max) | 1 | 3000 | ₹1,20,000 |
| NII (min) | 2 | 6,000 | ₹2,40,000 |
GConnect Logitech and Supply Chain Limited IPO Reservation
GConnect Logitech and Supply Chain Limited IPO reservation details show category-wise allocation of shares. Out of the total 1,401,000 shares, approximately 47.32% for retail investors, and 5.35% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 75,000 (5.35%) | |
| Retail Shares Offered | 663,000 (47.32%) | |
| Total Shares Offered | 1,401,000 (100%) |
GConnect Logitech and Supply Chain Limited IPO Analytics
GConnect Logitech and Supply Chain Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
GConnect Logitech and Supply Chain Limited IPO Subscription Status
GConnect Logitech and Supply Chain Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 663,000 | 663,000 | 1,326,000 |
|
Day 1
26-03-24 06:00 PM
|
(0.52) x | 4.89 x | 2.70 x |
|
Day 2
27-03-24 06:00 PM
|
(2.18) x | 15.22 x | 8.70 x |
|
Day 3
28-03-24 06:00 PM
|
(42.90) x | 71.74 x | 57.38 x |
GConnect Logitech and Supply Chain Limited Valuations
Returns
- ROE
- 5.73%
- ROCE
- 7.67%
- RoNW
- 5.73%
- PAT Margin
- 11.22
Fundamentals
- Price / Book
- 2.33
GConnect Logitech and Supply Chain Limited Financials( In Lakhs)
| 30-Sep-23 | 31-Mar-23 | |
|---|---|---|
| Assets | 423.25 | 82.46 |
| Revenue | 212.57 | 101.03 |
| Profit After Tax | 22.83 | 10.86 |
| Net Worth | 398.15 | 77.51 |
| Reserves & Surplus | 166.29 | 60.10 |
GConnect Logitech and Supply Chain Limited Company & Offer Insights
About GConnect Logitech and Supply Chain Limited
Gconnect Logitech and Supply Chain Limited was incorporated in July 2022. The company offers surface logistics services, which include goods transport.
The company offers bulk loads, FTL service, and dedicated loads.
The company is an asset-light model and sources third parties for the provision of assets, such as vehicles.
The company presently has about 24 customers, over 8 of whom have been associated with the company for more than 4 years.As of Oct. 30, 2023, the company has partnered with 4 fleet management firms and has 23 vehicles of different sizes to meet customer needs.
As of March 2024, the company has a total of 6 employees from the different departments.
GConnect Logitech and Supply Chain Limited Promoter(s)
Mr. Jigar Vinodbhai Sheth, Mr. Vinod Venilal Sheth. are the company's promoters of GConnect Logitech and Supply Chain Limited.
GConnect Logitech and Supply Chain Limited IPO Issue Objectives
- •
- Purchase of Vehicles and Body Building
- •
- Finance the Website Development and App Designing
- •
- General Corporate Purpose.
GConnect Logitech and Supply Chain Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| GConnect Logitech and Supply Chain Limited | 26.64 | 26.64 | 44.51 | N/A | 14.01 | 0.9 | Standalone |
| Ritco Logistics Ltd | 9.94 | 9.94 | 60.7 | 23.03 | 16.37 | 2.5 | Standalone |
| VRL Logistics Ltd | 18.8 | 18.8 | 110.46 | 29.01 | 39.72 | 5.73 | Consolidated |
| Shreeji Translogistics Ltd | 2.11 | 2.11 | 7.79 | 14.1 | 25.77 | 8.53 | Standalone |
Notes:
- Considering the nature and size of the company's business, the peers are not strictly comparable. However, the above company is included for broad comparison.
- The figures for the Company are based on the restated standalone financial statements for the year ended March 31, 2023.
- The figures for the peer group are for the year ended March 31, 2023 and are based on their respective Standalone financial statements filed with the Stock Exchanges.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
- P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on March 18, 2024 sourced from website of Stock Exchange as divided by the Basic/diluted EPS as applicable.
- RoNW is computed as net profit after tax (excluding comprehensive income), as attributable to the owners of the Company divided by closing net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
Contact Information
Contact Details
GConnect Logitech and Supply Chain Limited
+91 93777 74949
https://www.gconnectlogitech.com/
Shop No. 6, Sadguru Complex, Nari Chowkadina, Bhavnagar – 364 001
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
GConnect Logitech and Supply Chain Limited IPO is a Fixed Priced IPO worth ₹5.6 crore. The issue price is ₹40 per share (fixed price). The IPO opens on Mar 26, 2024 and closes on Mar 28, 2024. It will be listed on BSE SME Platform. Kfin Technologies Limited is the registrar.
The issue price of GConnect Logitech and Supply Chain Limited IPO is ₹40 per share (fixed price).
The lot size of GConnect Logitech and Supply Chain Limited IPO is 3000 shares.
The minimum investment for GConnect Logitech and Supply Chain Limited IPO is approximately ₹1,20,000 based on the issue price .
GConnect Logitech and Supply Chain Limited IPO opens on Mar 26, 2024 and closes on Mar 28, 2024.
The allotment date of GConnect Logitech and Supply Chain Limited IPO is Apr 1, 2024.
GConnect Logitech and Supply Chain Limited IPO is expected to be listed on Apr 3, 2024, on BSE SME Platform.
GConnect Logitech and Supply Chain Limited IPO valuation snapshot: P/E N/A, EPS ₹/-, P/B 2.33, RoNW 5.73%, and market cap N/A.
To apply for GConnect Logitech and Supply Chain Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of GConnect Logitech and Supply Chain Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for GConnect Logitech and Supply Chain Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check GConnect Logitech and Supply Chain Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the GConnect Logitech and Supply Chain Limited IPO allotment status on IPO Ji for quick and easy access.