GConnect Logitech and Supply Chain IPO Review

 
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GConnect Logitech and Supply Chain IPO Review

IPO Open Date: 26, March, 2024

IPO Close Date: 28, March, 2024

IPO Price: ₹40 per share

Lot Size: 3000 Shares

Listing: April 3, 2024

GConnect Logitech is scheduled to hit the market on March 26, 2024 and close on March 28, 2024. GConnect Logitech plans to raise around ₹5.60 Cr through an IPO with a sale of up to 1,401,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.

Gconnect Logitech and Supply Chain, established in July 2022, specializes in surface logistics services, offering bulk loads, Full Truck Loads (FTL) service, and dedicated loads. Operating on an asset-light model, the company collaborates with third parties to access essential assets like vehicles. By September 30, 2023, Gconnect Logitech served around 24 customers, with a notable retention rate as over 8 customers had been with the company for more than 4 years. Additionally, by October 30, 2023, the company had formed partnerships with 4 fleet management firms and maintained a fleet of 23 vehicles of varying sizes to cater to diverse customer requirements.

As of March 2024, Gconnect Logitech and Supply Chain employs a total of 6 individuals across different departments. The company continues to focus on delivering efficient and reliable logistics services while emphasizing collaboration with external partners for optimal asset utilization and customer satisfaction.

GConnect Logitech and Supply Chain


GConnect Logitech IPO Details

GConnect Logitech IPO opens on March 26, 2024, and closes on March 28, 2024. The Listing date for GConnect Logitech IPO is on April 3, 2024. The price band for IPO is ₹40 per share and lot size of 3000 Shares.

IPO DateMar 26, 2024 to Mar 28, 2024
Listing DateApril 3, 2024
Price₹40 per share
Lot Size3000 Shares
Issue Size₹5.60 Cr
Face Value₹10 per share

GConnect Logitech IPO Tentative Timetable

GConnect Logitech opening date is March 26, 2024 and close date is March 28, 2024. The IPO allotment date is April 01, 2024. The refund initiation of IPO is on April 02 2024. The credit of shares in demat account is on April 02, 2024. The listing date is on April 03, 2024.

EventDate
IPO OpeningMar 26, 2024
IPO ClosingMar 28, 2024
IPO Allotment DateApril 01, 2024
Refund InitiationApril 02, 2024
Shares Credit to DematApril 02, 2024
Lisiting DateApril 03, 2024

GConnect Logitech IPO Lot Size

Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

CategoryLotsSharesAmount
Retail(Minimum)13000₹120,000
Retail(Maximum)13000₹120,000
HNI (Minimum)26000₹240,000

GConnect Logitech IPO Promoter Holding

Pre Issue Share Holding76.76%
Post Issue Share Holding47.85%

GConnect Logitech IPO Review

GConnect Logitech and Supply Chain, a surface logistics service provider, recently launched its IPO with a market capitalization of Rs 14.88 Cr. The company, incorporated in July 2022, follows an asset-light model and collaborates with third parties for essential assets. As of March 2024, GConnect has 6 employees and serves around 24 customers, some for over 4 years. With a focus on bulk loads, FTL services, and dedicated loads, the company aims to utilize the IPO proceeds for purchasing vehicles, website development, and general corporate purposes.

Investors considering GConnect Logitech's IPO should note its key financial metrics as of September 30, 2024. The Return on Equity (ROE) stands at 5.73%, Return on Capital Employed (ROCE) at 7.67%, and Return on Net Worth (RoNW) at 5.73%. The Price to Book Value (P/BV) ratio is 2.33, reflecting the company's valuation. Additionally, the Profit After Tax (PAT) margin is 11.22%. Pre-IPO, the Earnings Per Share (EPS) was Rs 26.64, which decreased post-IPO to Rs 1.23 with a Price to Earnings (P/E) ratio of 1.5. GConnect Logitech's IPO objectives include vehicle procurement, website and app development, aligning with its growth strategy in the dynamic logistics sector.

With a clear emphasis on customer retention, service expansion, and technological advancement, GConnect positions itself as a promising player in the logistics industry. By focusing on enhancing its fleet, digital presence, and overall business operations, the company demonstrates a strategic approach towards utilizing IPO proceeds for sustainable growth and value creation in the market.

GConnect Logitech IPO Subscription Status (Bidding Details)

Table not found

GConnect Logitech IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

GConnect Logitech IPO FAQs

What is GConnect Logitech IPO?

GConnect Logitech is issuing 1,401,000 equity shares with a face value of ₹10 each, totaling up to ₹5.60 Cr. The shares are being offered at a price of ₹40 each, with a minimum order quantity of 3000 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When GConnect Logitech IPO will open?

GConnect Logitech will open on March 26, 2024 for QIB, NII, and Retail Investors.

When GConnect Logitech IPO will end?

GConnect Logitech will end on March 28, 2024.

What is GConnect Logitech IPO Size?

GConnect Logitech IPO size is 5.60 Cr.

What is GConnect Logitech IPO Price Band?

GConnect Logitech price band is ₹40 per share.

What is the GConnect Logitech IPO Allotment Date?

GConnect Logitech allotment date is April 01, 2024.

What is the GConnect Logitech IPO Listing Date?

GConnect Logitech listing date is April 03, 2024. The IPO is to be listed on BSE and NSE.

How to GConnect Logitech IPO through Zerodha?

To apply for the IPO “GConnect Logitech” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply GConnect Logitech IPO through Upstox?

To apply for the IPO “GConnect Logitech” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check GConnect Logitech IPO Allotment Status?

For GConnect Logitech IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is GConnect Logitech IPO GMP?

You can check out here: GConnect Logitech IPO GMP

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Article By: Ishika Agarwal
435 Posts 116.2K Total Views

An accomplished IPO analyst, providing valuable insights and expert commentary on the latest upcoming IPOs. With a keen interest in uncovering meaningful information, I offer comprehensive coverage of the most promising IPOs in the market.

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