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 Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 8490.92 | 49882.84 | 181.62 | 2832.66 | 2622.68 | 2931.84 |
| 31-Mar-21 | 10324.43 | 44702.9 | 233.59 | 3126.02 | 2911.37 | 4413.71 |
| 31-Mar-22 | 12663.71 | 61558.01 | 285.34 | 3470.3 | 3251.65 | 5967.53 |
| 30-Sep-22 | 12561.79 | 30504.16 | 133.14 | 3603.44 | 3384.79 | 5694.82 |
| Amount in ₹ Lakhs |
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 IPO Details
| IPO Date | Jan 5, 2023 to Jan 9, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹225 per share |
| Lot Size | 600 Shares |
| Issue Size | 753,000 shares of ₹10 (aggregating up to ₹16.94 Cr) |
| Fresh Issue | 664,200 shares of ₹10 (aggregating up to ₹14.94 Cr) |
| Offer for Sale | 88,800 shares of ₹10 (aggregating up to ₹2.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50.00% of the net offer |
| Retail Shares Offered | 50.00% of the net offer |
| Market Maker | NIKUNJ STOCK BROKERS LIMITED |
| Company Promoters | Gaurav Goel and Shweta Goel are the Promoters of the Company. |
Eastern Logica Infoway IPO Tentative Timetable
Eastern Logica Infoway IPO opens on Jan 5, 2023, and closes on Jan 9, 2023. The Eastern Logica Infoway IPO bid date is from Jan 5, 2023 10.00 A.M. to Jan 9, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Jan 5, 2023 |
| Closing Date | Jan 9, 2023 |
| Basis of Allotment | Jan 12, 2023 |
| Initiation of Refunds | Jan 13, 2023 |
| Credit of Shares to Demat | Jan 16, 2023 |
| Listing Date | Jan 17, 2023 |
Eastern Logica Infoway IPO Lot Size
The Eastern Logica Infoway IPO lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹135,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| HNI (Min) | 2 | 1,200 | ₹270,000 |
Eastern Logica Infoway IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.59% |
Eastern Logica Infoway IPO Prospectus
Company Contact Information
Eastern Logica Infoway Limited
2 Saklat Place
1st Floor,
Kolkata, West Bengal 700072
Phone: 033 4058 0000
Email: cs@easternlogica.com
Website: http://www.easternlogica.com/
Eastern Logica Infoway IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: easternlogica.ipo@kfintech.com
Website: https://karisma.kfintech.com/