GConnect Logitech IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Mar 26 to Mar 28 2024
Price Band
₹40
Current GMP
₹42(5%)
Subscription
57.38 times
IPO Details
| IPO Date | March 26, 2024 to March 28, 2024 |
| Listing Date | Wednesday, April 3, 2024 |
| 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 Aftertrade Share Broking |
IPO Date
March 26, 2024 to March 28, 2024
Listing Date
Wednesday, April 3, 2024
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 Aftertrade Share Broking
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers* | 42.90 |
| Retail Investors | 71.74 |
| Total ** | 57.38 |
Market Maker
1
Non-Institutional Buyers*
42.90
Retail Investors
71.74
Total **
57.38
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Mar 26, 2024 | 0.52 | 4.89 | 2.70 |
| Day 2 Mar 27, 2024 | 2.05 | 15.22 | 8.64 |
| Day 3 Mar 28, 2024 | 42.90 | 71.74 | 57.38 |
DayDay 1
Mar 26, 2024
NII*0.52
Retail4.89
Total2.70
DayDay 2
Mar 27, 2024
NII*2.05
Retail15.22
Total8.64
DayDay 3
Mar 28, 2024
NII*42.90
Retail71.74
Total57.38
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 03-04-2024 | 40.00 | 9(22.5%) | 49 |
| 02-04-2024 | 40.00 | 9(22.5%) | 49 |
| 01-04-2024 | 40.00 | 9(22.5%) | 49 |
| 31-03-2024 | 40.00 | 9(22.5%) | 49 |
| 30-03-2024 | 40.00 | 9(22.5%) | 49 |
| 29-03-2024 | 40.00 | 9(22.5%) | 49 |
| 28-03-2024 | 40.00 | 9(22.5%) | 49 |
| 27-03-2024 | 40.00 | 9(22.5%) | 49 |
| 26-03-2024 | 40.00 | 9(22.5%) | 49 |
| 25-03-2024 | 40.00 | 9(22.5%) | 49 |
| 24-03-2024 | 40.00 | 9(22.5%) | 49 |
| 23-03-2024 | 40.00 | 0(0.0%) | 40 |
| 22-03-2024 | 40.00 | 0(0.0%) | 40 |
| 21-03-2024 | 40.00 | 0(0.0%) | 40 |
| 20-03-2024 | 40.00 | 0(0.0%) | 40 |
Date03-04-2024
Price40.00
GMP9(22.5%)
Estimate List Price49
Date02-04-2024
Price40.00
GMP9(22.5%)
Estimate List Price49
Date01-04-2024
Price40.00
GMP9(22.5%)
Estimate List Price49
Date31-03-2024
Price40.00
GMP9(22.5%)
Estimate List Price49
Date30-03-2024
Price40.00
GMP9(22.5%)
Estimate List Price49
Date29-03-2024
Price40.00
GMP9(22.5%)
Estimate List Price49
Date28-03-2024
Price40.00
GMP9(22.5%)
Estimate List Price49
Date27-03-2024
Price40.00
GMP9(22.5%)
Estimate List Price49
Date26-03-2024
Price40.00
GMP9(22.5%)
Estimate List Price49
Date25-03-2024
Price40.00
GMP9(22.5%)
Estimate List Price49
Date24-03-2024
Price40.00
GMP9(22.5%)
Estimate List Price49
Date23-03-2024
Price40.00
GMP0(0.0%)
Estimate List Price40
Date22-03-2024
Price40.00
GMP0(0.0%)
Estimate List Price40
Date21-03-2024
Price40.00
GMP0(0.0%)
Estimate List Price40
Date20-03-2024
Price40.00
GMP0(0.0%)
Estimate List Price40
IPO Important Dates
| 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 |
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
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
ApplicationRetail (Min)
Lots1
Shares3000
Amount₹120,000
ApplicationRetail (Max)
Lots1
Shares3000
Amount₹120,000
ApplicationHNI (Min)
Lots2
Shares6,000
Amount₹240,000
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
|---|---|---|
| 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 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 2023423.25
31 Mar 202382.46
Period EndedRevenue
30 Sep 2023212.57
31 Mar 2023101.03
Period EndedProfit After Tax
30 Sep 202322.83
31 Mar 202310.86
Period EndedNet Worth
30 Sep 2023398.15
31 Mar 202377.51
Period EndedReserves and Surplus
30 Sep 2023166.29
31 Mar 202360.10
Key Performance Indicator
| ROE | 5.73% |
| ROCE | 7.67% |
| RoNW | 5.73% |
| P/BV | 2.33 |
| PAT Margin (%) | 11.22 |
| EPS (Rs) | 26.64 |
ROE
5.73%
ROCE
7.67%
RoNW
5.73%
P/BV
2.33
PAT Margin (%)
11.22
EPS (Rs)
26.64
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 75,000 (5.35%) |
| Other Shares Offered | 663,000 (47.32%) |
| Retail Shares Offered | 663,000 (47.32%) |
| Total Shares Offered | 1,401,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
75,000 (5.35%)
Other Shares Offered
663,000 (47.32%)
Retail Shares Offered
663,000 (47.32%)
Total Shares Offered
1,401,000 (100%)
Information about company
Incorporated in July 2022, Gconnect Logitech and Supply Chain Limited provides surface logistics services, including goods transport.
The company's service offerings include bulk loads, Full Truck Loads (FTL) service, and dedicated loads.
The company has an asset-light model and works with third parties to provide necessary assets, such as vehicles.
As of September 30, 2023, the company serves approximately 24 customers, with over 8 customers having been associated with them for more than 4 years.
As of Oct. 30, 2023, the company had partnered with 4 fleet management firms and had 23 vehicles of various sizes to meet customer needs.
As of March 2024, the company has a total of 6 employees in various departments.
Objectives of IPO
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
Purchase of Vehicles and Body Building;
Finance the Website Development and App Designing; and
General Corporate Purpose.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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