IPO Details
Bidding Dates
25 Mar '24 - 27 Mar '24
Minimum Investment
₹120,000 / 1 Lots ( 3000 Shares )
Price Range
₹40 per share
Maximum Investment
₹120,000 / 1 Lots ( 3000 Shares )
Retail Discount
Not Applicable
Issue Size
₹ 5.60 Cr
Investor category and sub category
Retail Individual Investors | Qualified Institutional Bidders | Non-Institutional Bidders |GConnect Logitech IPO Dates
Important dates with respect to IPO allotment and listing
IPO Anchor Date
Mar 24, 2024
IPO Opening Date
Mar 25, 2024
IPO Closing Date
Mar 27, 2024
Basis of Allotment
Mar 31, 2024
Initiation of Refunds
Apr 1, 2024
Credit of Shares to Demat
Apr 1, 2024
Listing Date
Apr 2, 2024
Cut-off time for UPI mandate confirmation
Mar 27, 2024
GConnect Logitech and Supply Chain IPO Subscription Details
| Date | QIB | Retail | Total |
|---|---|---|---|
Day 1Mar 25, 2024 |
0.52x | 4.89x | 2.70x |
Day 2Mar 26, 2024 |
2.05x | 15.22x | 8.64x |
GConnect Logitech and Supply Chain IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 2.05 |
| Retail Investors | 15.22 |
| Total | 8.64 |
About Gconnect Logitech and Supply Chain Limited
Incorporated in 2022, Gconnect Logitech and Supply Chain Limited is involved in providing surface logistics services, viz., goods transport services. It offers services to other logistic companies, including surface logistic companies, and to direct customers. The company's range of services includes bulk load, Full Truck Load (FTL) service and dedicated load.
Under bulk load, it offers bulk transportation service to large-sized companies via its transport contractors, Full Truck Load (FTL) service to retailers and traders, wherein our Company provides point-to-point services to the customers in which the goods are loaded from the premises of the customer and are delivered to the delivery point as specified by them (i.e. factory/warehouse).
The logistics sector in India is experiencing significant growth, poised to play a pivotal role in achieving the nation's goal of becoming a US$ 5 trillion economy by the fiscal year 2025. This growth trajectory is expected to be driven by a strong economic foundation, targeted government initiatives to enhance infrastructure and a conducive business climate. Moreover, the surge in consumer demand and the extensive consumer market are catalysing the expansion of the retail and e-commerce sectors in India.
As of the last day in September 2023, the enterprise supports around 24 clients, with more than 8 of these clients maintaining a relationship with the company for over four years.
By the end of October 2023, the business had established collaborations with four fleet management organisations and was operating a fleet consisting of 23 vehicles of differing dimensions to accommodate the requirements of its clientele. As of March 2024, the organisation employs six individuals across different sectors.
Industry Outlook
- The logistics sector in India, integral to the nation's economy, is estimated to comprise approximately 14.4% of its Gross Domestic Product (GDP). This vital industry is a source of livelihood for over 22 million individuals.
- Driven by the rapid expansion of the e-commerce sector and significant advancements in technology, the Indian logistics industry is on an upward trajectory. It's projected that logistics will maintain its contribution of 14.4% to the GDP.
- In an effort to align with global benchmarks, the Indian government is actively working towards minimising the costs associated with logistics and supply chains. The goal is to bring these expenses down from the current 13-14% of the GDP to a more competitive rate of 10%.
Gconnect Logitech and Supply Chain Limited IPO Details
Gconnect Logitech and Supply Chain Limited IPO Date
The IPO of Gconnect Logitech and Supply Chain Limited is open for subscription from March 26, 2024, to March 28, 2024.
Gconnect Logitech and Supply Chain Limited IPO's Price Band
Gconnect Logitech and Supply Chain Limited’s IPO is a fresh issue IPO of up to ₹5.60 crore. It is a book-building issue. The price range is set to ₹40 per share.
Gconnect Logitech and Supply Chain Limited IPO’s Lot Size
The lot size for Gconnect Logitech and Supply Chain Limited’s IPO is 3,000 shares with a minimum investment of ₹1,20,000.
Gconnect Logitech and Supply Chain Limited IPO’s Objectives
The objectives of Gconnect Logitech and Supply Chain Limited IPO are listed below:
- Purchase of Vehicles and Body Building.
- Finance the Website Development and App design.
- General corporate purposes.
Peer Details
As per RHP, the listed peer whose business portfolio is comparable to the Gconnect Logitech and Supply Chain are as follows:
- Ritco Logistics Limited
- VRL Logistics Limited
- Shreeji Translogistics Limited
How To Check the Allotment Status of Gconnect Logitech and Supply Chain Limited’s IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- As such, Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Gconnect Logitech and Supply Chain Limited
Registered office: Shop No. 6, Sadguru Complex, Nari Chowkadina, Bhavnagar – 364 001, Gujarat, India.
Phone: +91 93777 74949
E-mail: contact@gconnectlogitech.com
IPO Financials
| Particulars | Period Ended on September 30, 2023 | Year Ending on March 31, 2023 |
|---|---|---|
| Total Revenue (₹ in lakh) | 212.57 | 101.03 |
| Profit after Tax (₹ in lakh) | 22.83 | 10.86 |
| Net Worth (₹ in lakh) | 398.15 | 77.51 |
| Earnings Per Equity Share (in ₹) | 2.49 | 82.60 |
Know before investing
Strengths
2-
The company serves a large and diverse mix of end-market customers across several industry sectors. It caters to diverse sectors of the market, viz. metals, fabrics, Fast Moving Consumer Goods (FMCG), auto components, chemicals and pharmaceuticals.
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Looking forward, the company will continue to focus on enhancing operational controls and cost efficiencies via optimal freight mix and cost management.
Risks
2-
The company is exposed to risks arising from disruptions to its logistics and transportation facilities, which could have a material adverse effect on its business, financial condition, cash flows and results of operations.
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The company operates in a highly competitive industry and face intense competition, which could adversely affect its results of operations and market share.
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Gconnect Logitech and Supply Chain Limited IPO FAQs
Gconnect Logitech and Supply Chain Limited IPO is a 100% fresh issue of 15,00,000 new shares.
The Basis of Allotment has not been announced yet.
The IPO subscription window will open date has not been announced yet.
The lot size of the IPO has not been announced yet.
Gconnect Logitech and Supply Chain Limited IPO will be listed on BSE SME.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
