GConnect Logitech IPO Details
| Detail | Description |
|---|---|
| IPO Open Date | March 26, 2024 |
| IPO Close Date | March 28, 2024 |
| Listing Date | April 3, 2024 (Tentative) |
| Issue Type | Fixed Price Issue IPO |
| Price Per Share | ₹ 40 |
| Lot Size | 3,000 Shares |
| Issue Size | 14,01,000 shares (Aggregating up to ₹ 5.60 Cr) |
| Issue Listing | BSE SME |
| Book Running Lead Manager | Fedex Securities Pvt Ltd |
| Registrar | Kfin Technologies Limited |
| Market Maker | Aftertrade Share Broking |
About GConnect Logitech IPO
GConnect Logitech and Supply Chain Limited has announced its Initial Public Offering (IPO) with a fixed price issue aimed at raising Rs 5.60 crores. This IPO represents an entirely fresh issue of 14.01 lakh shares, marking an essential phase in the company's growth strategy. The following detailed tables organize all the critical information about the GConnect Logitech IPO for clarity.
Objectives of the Issue
The proceeds from the IPO are intended for
- 1. Purchase of Vehicles and Body Building.
- 2. Finance the Website Development and App Designing.
- 3. General Corporate Purpose.
GConnect Logitech IPO Review
Analyst Dilip Davda advises caution with the GConnect Logitech IPO, highlighting its operation in a highly competitive and fragmented logistic segment. The reliance on third-party vehicles and the exorbitantly priced issue based on FY24 annualized earnings are points of concern. Potential investors may consider skipping this IPO due to its pricing and the business model's inherent risks.
This comprehensive overview encapsulates essential details about the GConnect Logitech IPO, offering potential investors a structured insight into the company's financial trajectory, market prospects, and strategic use of the funds raised through the IPO.
GConnect Logitech IPO Financial Information
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| — | — | — | — | — | — |
| Amount in ₹ Crore | |||||
GConnect Logitech Key Performance Indicator
| KPI | Values |
|---|---|
| Market Capitalization | Rs 14.88 Cr |
| ROE | 5.73% |
| ROCE | 7.67% |
| RoNW | 5.73% |
| P/BV | 2.33 |
| PAT Margin (%) | 2.33 |
| PAT Margin (%) | 11.22% |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The INDIA IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
GConnect Logitech IPO Timeline
| IPO Open Date | March 26, 2024 |
| IPO Close Date | March 28, 2024 |
| Basis of Allotment | April 1, 2024 |
| Initiation of Refunds | April 2, 2024 |
| Credit of Shares to Demat | April 2, 2024 |
| Listing Date | April 3, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹ 1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹ 1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹ 2,40,000 |