Eastern Logica Infoway IPO Analysis at Chanakyanipothi.com
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Eastern Logica Infoway: Company Details

The Company is engaged in multi-brand retail and retail selling as well as distribution of branded smart phones, IT hardware, software and allied accessories and services. The Company also provides networking and security solution to its consumers. It commenced its business operations in year 1995 and believe that we have built a fair market presence with over 25 years of experience. Since the commencement of its business, it has been steadily increasing its market reach to cover 11 cities across the country by setting up retail stores, distribution centres, venturing into ecommerce and setting virtual offices. There has been a continuous rise in its revenue from operations and moreover it has demonstrated profitability with operating performance.

Even when the nation was grappling with the COVID-19 pandemic and a nationwide lockdown, the Company was able to achieve profit before tax of Rs.314.20 lakhs in Financial Year 2021 and surpassed its last reported profit before tax of Rs 255.86 lakhs in Financial Year 2020.
As on August 31, 2022, the Company has 8 retails stores and 3 distribution centres and virtual offices across 11 cities in the Country. Its business model is based on lease rental model, as it focuses on securing retail spaces, ensuring a high visibility and easy accessibility to customers.

For more information about the company, Click https://www.easternlogica.com/

Promoters of the IPO
Gaurav Goel and Shweta Goel

Objects of the IPO:
The Company intends to utilize the Net Fresh Issue Proceeds for funding working capital requirements.

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