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 IPO enters the market with a fixed-price offering of Rs 5.60 crores, valuing each share at ₹40. The GConnect Logitech IPO GMP Today is ₹9. 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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Key Details Of GConnect Logitech IPO
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.
GConnect Logitech 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. It relies on external contracts for essential assets like vehicles, a lean operational model that allows 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 | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | GConnect Logitech and Supply Chain Limited |
| Phone number | +91 93777 74949 |
| Email ID | [email protected] |
| 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.
GConnect Logitech IPO FAQs
When GConnect Logitech IPO will open?
The GConnect Logitech IPO opens on March 26, 2024 and closes on March 28, 2024.
What is the lot size of GConnect Logitech IPO?
GConnect Logitech IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
When is GConnect Logitech IPO allotment?
The finalization of Basis of Allotment for GConnect Logitech IPO will be done on Monday, April 1, 2024, and the allotted shares will be credited to your demat account by Tuesday, April 2, 2024.
When is GConnect Logitech IPO listing date?
The GConnect Logitech IPO listing date is not yet announced. The tentative date of GConnect Logitech IPO listing is Wednesday, April 3, 2024.
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