GConnect Logitech and Supply Chain Limited IPO
BSE SMEListed On: Apr 3, 2024 at ₹ 42.0
₹ 240000 /6000 Shares
*Min Investment
26 Mar, 2024
Open Date28 Mar, 2024
Close Date01 Apr, 2024
Allotment Date03 Apr, 2024
Listing DateGConnect Logitech and Supply Chain Limited IPO Issue Details
- Issue Price ₹40 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 14,01,000 shares(aggregating up to ₹5.6 crore)
- Fresh Share 14,01,000 shares(aggregating up to ₹5.6 crore)
- Listing at BSE SME
- List Price 42.0
- Listing Date 2024-04-03
- Lead Manager Fedex Securities Pvt Ltd
- Registrar Kfin Technologies Limited
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 offers total 1,401,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,663,000 (47.32%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| 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 Details
GConnect Logitech and Supply Chain Limited IPO is an SME IPO, priced at ₹40 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 14,01,000 equity shares, aggregating up to ₹5.6 crores..
The IPO bidding window is open from Mar 26, 2024 to Mar 28, 2024. The allotment is expected to be finalized on Apr 1, 2024, and the tentative listing date is Apr 3, 2024.
The minimum lot size for Retail investors is 3000 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.
Fedex Securities Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Aftertrade Broking Pvt Ltd will act as the market maker for this issue.
GConnect Logitech and Supply Chain Limited IPO Subscription Analysis And Details
| 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
GConnect Logitech and Supply Chain Limited Company Financials
| 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 |
About GConnect Logitech and Supply Chain Limited Company
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.
Pre Issue Share Holding : 76.76%
Post Issue Share Holding : 47.85%
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 Details
GConnect Logitech and Supply Chain Limited
Shop No. 6, Sadguru Complex, Nari Chowkadina, Bhavnagar – 364 001
+91 93777 74949
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
GConnect Logitech and Supply Chain Limited IPO - FAQs
Ans. GConnect Logitech and Supply Chain Limited IPO is a SME IPO. The issue is priced at ₹40 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Mar 26, 2024, and closes on Mar 28, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The GConnect Logitech and Supply Chain Limited IPO opens on Mar 26, 2024 and closes on Mar 28, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of GConnect Logitech and Supply Chain Limited IPO is 1,401,000 shares(aggregating up to ₹5.60 Cr).
Ans. The GConnect Logitech and Supply Chain Limited IPO price band is set between ₹40 per equity share.
Ans. To apply for GConnect Logitech and Supply Chain Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find GConnect Logitech and Supply Chain Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of GConnect Logitech and Supply Chain Limited IPO is Apr 1, 2024.
Ans. The GConnect Logitech and Supply Chain Limited IPO will be listed on Apr 3, 2024.
Ans. Follow the steps to check the GConnect Logitech and Supply Chain Limited IPO allotment status online.
