The GConnect Logitech date has been confirmed as March 26, 2024, and closes on March 28, 2024. Read the post to learn about GConnect Logitech IPO GMP.
The GConnect Logitech Developers IPO enters the market with a fixed price offering of Rs 5.60 crores, valuing each share at ₹40. GConnect Logitech IPO GMP Today is ₹NA. For entry, investors must commit to a minimum lot size of 3000 shares, necessitating investments of ₹120,000 for retail participants and ₹240,000 for High Net Worth Individuals (HNIs).
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Bidding Dates
March 26-28
Price Range
₹40 per share
Face Value
₹10 per share
GMP
₹9
GConnect Logitech IPO GMP
The GConnect Logitech IPO GMP Today is ₹9.
IPO Overview
This IPO unveils a fresh offering of 14.01 lakh shares, indicative of the company’s desire to expand its investor base. The subscription period opens on March 26, 2024, and concludes on March 28, 2024, with allocations expected by April 1, 2024. The proposed listing date on BSE SME is April 3, 2024.
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 |
GConnect Logitech Limited Financial Information
| 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 | ||
GConnect Logitech IPO Timeline
| 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 |
Company Profile
GConnect Logitech and Supply Chain Limited, established in July 2022, demonstrates a prudent approach to surface logistics services, relying on external contracts for essential assets like vehicles. This lean operational model allows for flexibility and efficiency. As of March 2024, the company maintains a modest workforce of six individuals, underscoring its commitment to prudent resource management and operational efficiency.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | Gconnect.ipo@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | GConnect Logitech and Supply Chain Limited |
| Phone number | +91 93777 74949 |
| Email ID | contact@gconnectlogitech.com |
| Website | gconnectlogitech.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
