Eastern Logica Infoway Limited IPO Detail
Incorporated in 1995, Eastern Logica Infoway Limited is engaged in the business of multi-brand retail and retail selling. They also operate as a distributor of branded smartphones, IT hardware, software and allied accessories and services.
Another domain that Eastern Logica Infoway captures is providing networking and security solutions to the end customers. 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 centres and virtual offices across 11 cities in the Country. They operate on a lease rental model with a focus on securing retail spaces, ensuring high visibility and easy accessibility to customers.
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.
Eastern Logica Infoway can be located in West Bengal, Delhi, Haryana, Karnataka, Telangana, Maharashtra, Gujarat, and Tamil Nadu.
The company's services are divided into four broad categories:
- Retail
- Services
- E-Commerce
- Distribution
Company Promoters
Gaurav Goel and Shweta GoelIPO Details
| IPO Opening Date | Jan 05, 2023 |
| IPO Closing Date | Jan 09, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹225 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹16.94 Cr |
| Fresh Issue | ₹14.94 Cr |
| Offer for Sale | ₹2.00 Cr |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.08x | 0.11x | 0.09x | |
| Day 2 | - | - | 0.74x | 0.34x | 0.54x | |
| Day 3 | - | - | 1.92x | 1.56x | 1.74x |
IPO Tentative Timetable
The Eastern Logica Infoway Limited IPO open date is Jan 05, 2023, and the close date is Jan 09, 2023. The issue may list on Jan 17, 2023.
| IPO Open Date | Jan 05, 2023 |
| IPO Close Date | Jan 09, 2023 |
| Basis of Allotment Date | Jan 12, 2023 |
| Initiation of Refunds | Jan 13, 2023 |
| Credit of Shares to Demat Account | Jan 16, 2023 |
| IPO Listing Date | Jan 17, 2023 |
IPO Lot Size
The Eastern Logica Infoway Limited IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹135000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹135000 |
| Maximum | 1 | 600 | ₹135000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.59% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 8490.92 | 49882.84 | 181.62 |
| 31-Mar-21 | 10324.43 | 44702.9 | 233.59 |
| 31-Mar-22 | 12663.71 | 61558.01 | 285.34 |
| 30-Sep-22 | 12561.79 | 30504.16 | 133.14 |
Objects of the Issue:
The Company proposes to utilise the Net Proceeds from the Fresh Offer towards funding the following objects:
- Funding working capital requirements;
- General corporate purposes.
Eastern Logica Infoway Limited IPO Registrar:
KFin Technologies Limited
Eastern Logica Infoway Limited IPO Lead Manager(s):
Oneview Corporate Advisors Private limited
Company Contact Information:
Eastern Logica Infoway Limited
2 Saklat Place
1st Floor,
Kolkata, West Bengal 700072
