GConnect Logitech and Supply Chain Limited IPO Detail
Incorporated in July 2022, Gconnect Logitech and Supply Chain Limited provides surface logistics services, including goods transport.
The company's service offerings include bulk loads, Full Truck Loads (FTL) service, and dedicated loads.
The company has an asset-light model and works with third parties to provide necessary assets, such as vehicles.
As of September 30, 2023, the company serves approximately 24 customers, with over 8 customers having been associated with them for more than 4 years.
As of Oct. 30, 2023, the company had partnered with 4 fleet management firms and had 23 vehicles of various sizes to meet customer needs.
As of March 2024, the company has a total of 6 employees in various departments.
Company Promoters
Mr. Jigar Vinodbhai Sheth and Mr. Vinod Venilal Sheth.IPO Details
| IPO Opening Date | Mar 26, 2024 |
| IPO Closing Date | Mar 28, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹5.60 Cr |
| Fresh Issue | ₹5.60 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.52x | 4.89x | 2.70x |
| Day 2 | 0.00x | 0.00x | 0.00x | 2.05x | 15.22x | 8.64x |
| Day 3 | 0.00x | 0.00x | 0.00x | 42.90x | 71.74x | 57.38x |
IPO Tentative Timetable
The GConnect Logitech and Supply Chain Limited IPO open date is Mar 26, 2024, and the close date is Mar 28, 2024. The issue may list on Apr 03, 2024.
| IPO Open Date | Mar 26, 2024 |
| IPO Close Date | Mar 28, 2024 |
| Basis of Allotment Date | Apr 01, 2024 |
| Initiation of Refunds | Apr 02, 2024 |
| Credit of Shares to Demat Account | Apr 02, 2024 |
| IPO Listing Date | Apr 03, 2024 |
IPO Lot Size
The GConnect Logitech and Supply Chain Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹120000 |
| Maximum | 1 | 3000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 76.76% |
| Post Issue Share Holding | 47.85% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-23 | 82.46 | 101.03 | 10.86 |
| 30-Sep-23 | 423.25 | 212.57 | 22.83 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Purchase of Vehicles and Body Building;
- Finance the Website Development and App Designing; and
- General Corporate Purpose.
GConnect Logitech and Supply Chain Limited IPO Registrar:
KFin Technologies Limited
GConnect Logitech and Supply Chain Limited IPO Lead Manager(s):
Fedex Securities Pvt Ltd
Company Contact Information:
GConnect Logitech and Supply Chain Limited
Shop No. 6, Sadguru Complex
Nari Chowkadina
Bhavnagar – 364 001,
