GConnect Logitech IPO is a fixed price issue of Rs 5.60 crores. The issue is entirely a fresh issue of 14.01 lakh shares.
GConnect Logitech IPO opens for subscription on March 26, 2024 and closes on March 28, 2024. The allotment for the GConnect Logitech IPO is expected to be finalized on Monday, April 1, 2024. GConnect Logitech IPO will list on BSE SME with tentative listing date fixed as Wednesday, April 3, 2024.
GConnect Logitech IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹240,000.
Fedex Securities Pvt Ltd is the book running lead manager of the GConnect Logitech IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for GConnect Logitech IPO is Aftertrade Share Broking.
Refer to GConnect Logitech IPO RHP for detailed information.
GConnect Logitech IPO Details
| IPO Date | March 26, 2024 to March 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,401,000 shares (aggregating up to ₹5.60 Cr) |
| Fresh Issue | 1,401,000 shares (aggregating up to ₹5.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,318,547 |
| Share holding post issue | 3,719,547 |
| Market Maker portion | 75,000 shares Aftertrade Share Broking |
GConnect Logitech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
GConnect Logitech IPO Timeline (Tentative Schedule)
GConnect Logitech IPO opens on March 26, 2024, and closes on March 28, 2024.
| IPO Open Date | Tuesday, March 26, 2024 |
| IPO Close Date | Thursday, March 28, 2024 |
| Basis of Allotment | Monday, April 1, 2024 |
| Initiation of Refunds | Tuesday, April 2, 2024 |
| Credit of Shares to Demat | Tuesday, April 2, 2024 |
| Listing Date | Wednesday, April 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2024 |
GConnect Logitech IPO Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below 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 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
| Lot Size Calculator | |||
GConnect Logitech IPO Promoter Holding
The promoters of the Company are Mr. Jigar Vinodbhai Sheth and Mr. Vinod Venilal Sheth.
| Share Holding Pre Issue | 76.76% |
| Share Holding Post Issue | 47.85% |
About GConnect Logitech and Supply Chain Limited
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.
GConnect Logitech and Supply Chain Limited Financial Information (Restated)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
| Assets | 423.25 | 82.46 |
| Revenue | 212.57 | 101.03 |
| Profit After Tax | 22.83 | 10.86 |
| Net Worth | 398.15 | 77.51 |
| Reserves and Surplus | 166.29 | 60.10 |
| Amount in ₹ Lakhs | ||
Key Performance Indicator
The market capitalization of GConnect Logitech IPO is Rs 14.88 Cr.
KPI as of September 30, 2024.
| KPI | Values |
|---|---|
| ROE | 5.73% |
| ROCE | 7.67% |
| RoNW | 5.73% |
| P/BV | 2.33 |
| PAT Margin (%) | 11.22 |
Check GConnect Logitech IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 26.64 | 1.23 |
| P/E (x) | 1.5 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (GConnect Logitech IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
GConnect Logitech and Supply Chain Limited Contact Details
GConnect Logitech and Supply Chain Limited
Shop No. 6, Sadguru Complex
Nari Chowkadina
Bhavnagar – 364 001,
Phone: +91 93777 74949
Email: contact@gconnectlogitech.com
Website: https://www.gconnectlogitech.com/
GConnect Logitech IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: Gconnect.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/