April 3, 2024
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GConnect Logitech IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
GConnect Logitech IPO Post Listing Review:
On 3 April, the scrip is listed at Rs. 42, premium of 5.00% over the issue-price of Rs. 40. This listing has been quite below the expectations of the grey market.
What is the latest GMP of GConnect Logitech IPO?*
Premium: Rs.9
Subject to Rs. 20500
Check Subscription status of GConnect Logitech IPO
On 28 March 2024 5.00 pm (Day 3) (Closed)
Review: Good RII subscription on D2
NII: 663000 Shares 42.90 T
RII: 663000 Shares 71.74 T
Total: 1326000 Shares 57.38 T
What is the business of GConnect Logitech?
GConnect Logitech and Supply Chain was incorporated on July 20, 2022. The Company is engaged in the business of providing surface logistics services viz. goods transport services. The Company offers its services to other logistic companies, including surface logistic companies and to direct customers. The range of services offered by our Company includes bulk load, Full Truck Load (FTL) service and dedicated load. Under bulk load, the Company offers bulk transportation service to large sized Companies through their transport contractors, Full Truck Load (FTL) service to retailers and traders, wherein it provides point to point services to the customers in which the goods are loaded from the premises of the customer and are delivered to the delivery point as specified by them (i.e. factory/warehouse).
Get more information about the company @ https://www.gconnectlogitech.com/
| GConnect Logitech IPO Details | |
| IPO opens on | 26 March 2024 |
| IPO closes on | 28 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1401000 Sh /Rs 5.60 Cr |
| * Fresh Issue | 1401000 Sh /Rs 5.60 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 75000 Sh. |
| Net offer to Public | 1326000 Sh./Rs.5.30 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 40 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | BSE SME |
| Shares offered in GConnect Logitech IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 663000 | 2.65 |
| RII (50%) | 663000 | 2.65 |
| Total Shares | 1326000 | 5.30 |
| Retail portion will be oversubscribed by | 221 | |
| Forms | ||
| How much Shares to Apply in GConnect Logitech IPO? | ||
| Min Retail Application | 3000 Sh | Rs. 120000 |
| Min HNI Application | 6000 Sh | Rs.240000 |
Who are the Promoters of GConnect Logitech IPO?
The promoters of the Company are Mr. Jigar Vinodbhai Sheth and Mr. Vinod Venilal Sheth.
What are the Objects of GConnect Logitech IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
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.
| GConnect Logitech IPO Tentative timetable | |
| IPO opens on | 26 March 2024 |
| IPO Closes on | 28 March 2024 |
| IPO Allotment on | 1 April 2024 |
| Refund Initiation | 2 April 2024 |
| Credit of Shares | 2 April 2024 |
| Listing on | 3 April 2024 |
| Registered Office of the Company GConnect Logitech and Supply Chain Limited Shop No. 6, Sadguru Complex Nari Chowkadina Bhavnagar – 364 001 |
| Who is the Lead Manager of GConnect Logitech IPO? Fedex Securities Pvt Ltd |
| Who is the Registrar to IPO? Kfin Technologies Limited |
| GConnect Logitech IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | – | – | – | – |
| 2021-22 | – | – | – | – |
| 2022-23 | 1.01 | 0.11 | 26.64 | 14.01 |
| Book Value of the Share on | 31.03.2023 | Rs 14.01 | ||
| BV of the Share at cap price | after the IPO | Rs. 25.77 | ||
| Offer Price/upper band | Rs. 40 | |||
| GConnect Logitech IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 1.50 |
| Price/BV Ratio | |
| Upper price/BV after IPO | |
How GConnect Logitech IPO compares with the Peers?
| AS per RHP | FV | Total Income | PE Ratio |
| in Rs. | Rs. in Cr. | ||
| GConnect Logitech | 10 | 1 1.50 | |
| Rico Logistics | 10 | 751 | 23.03 |
| VRL Logistics | 10 | 2649 | 29.01 |
| Shreeji Translogistics | 10 | 201 | 14.10 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
GConnect Logitech IPO To the point Guidance
GConnect Logitech and Supply Chain was incorporated on July 20, 2022. The Company is engaged in the business of providing surface logistics services viz. goods transport services. The Company offers its services to other logistic companies, including surface logistic companies and to direct customers. Size: The net size of the IPO is Rs. 5.30 Cr comprising of 1326000 shares. The HNI portion is just Rs.2.65 Cr and Retail portion is Rs. 2.65 Cr. The Retail portion will get oversubscribed with only 221 applications. So, there is no worry about oversubscription.
Financial Snapshot: The company is formed in the year 2022 and hence very limited financial details are available. The business has tough competition. Just because of small size of the IPO, the IPO can get oversubscribed and may give small listing gains. Not So attractive.
Quicklinks
GConnect Logitech IPO GMP Detail IPO GMP today details?
GConnect Logitech IPO
GConnect Logitech IPO FAQs
What is GConnect Logitech IPO?
Aspire & Innovative Advertising is a SME IPO of 4068000 equity shares of the face value of Rs. 10 aggregating up to Rs.21.97 Crores. The issue is priced at Rs.51-54 per share. The minimum order quantity is 2000 Shares.
When will GConnect Logitech IPO open?
Aspire & Innovative Advertising IPO opens on March 26, 2024, and closes on March 28, 2024.
What is the lot size of GConnect Logitech IPO?
Aspire & Innovative Advertising IPO lot size is 2000 Shares, and the minimum amount required is Rs.108000.
How to apply for GConnect Logitech IPO?
You can apply in Aspire & Innovative Advertising IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is GConnect Logitech IPO allotment?
The finalization of Basis of Allotment for Aspire & Innovative Advertising IPO will be done on April 1, 2024, and the allotted shares will be credited to your demat account by April 2, 2024.
When is GConnect Logitech IPO listing date?
Aspire & Innovative Advertising IPO listing date is April 03, 2024.
