GConnect Logitech and Supply Chain Limited IPO
- IPO Date26 Mar, 2024 to 28 Mar, 2024
- Listing Date03 Apr, 2024
- Face Value₹10 per share
- Issue Price₹40 to ₹40 per share
- Lot Size2999 Shares
- Minimum Investment₹1,19,960
- Listing AtBSE SME
- Total Issue Size14,01,000 Shares
(aggregating up to ₹5.60 Cr) - Fresh Issue14,01,000 Shares
(aggregating up to ₹5.60 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue23,18,547
- Shareholding post issue37,19,549
IPO Dates
Closing Date
28 Mar, 2024
Initiation of Refunds
02 Apr, 2024
Listing Date
03 Apr, 2024
26 Mar, 2024
Opening Date
01 Apr, 2024
Basis of Allotment
02 Apr, 2024
Credit of Shares
GConnect Logitech and Supply Chain Limited Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 3000 | ₹1,20,000 |
| HNI (Min) | 2 | 6000 | ₹2,40,000 |
| Retail (Min) | 1 | 3000 | ₹1,20,000 |
GConnect Logitech and Supply Chain Limited Promoter Holding
The promoters of the Company are Mr. Jigar Vinodbhai Sheth and Mr. Vinod Venilal Sheth.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 76.76% | 47.85% |
GConnect Logitech and Supply Chain Limited COMPANY INFORMATION
GConnect Logitech IPO is a fixed price issue of Rs 5.60 crores. The issue is entirely a fresh issue of 14.01 lakh shares. GConnect Logitech IPO opens for subscription on March 26, 2024 and closes on March 28, 2024. The allotment for the GConnect Logitech IPO is expected to be finalized on Monday, April 1, 2024. GConnect Logitech IPO will list on BSE SME with tentative listing date fixed as Wednesday, April 3, 2024. GConnect Logitech IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹240,000. Fedex Securities Pvt Ltd is the book running lead manager of the GConnect Logitech IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for GConnect Logitech IPO is Aftertrade Share Broking. Refer to GConnect Logitech IPO RHP for detailed information.
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.
FAQs About Gconnect Logitech And Supply Chain Limited Ipo
GConnect Logitech and Supply Chain Limited IPO will open on 26 Mar, 2024 and close on 28 Mar, 2024. Investors must apply within this period to participate.
The GConnect Logitech and Supply Chain Limited IPO price band is set between ₹40.00 and ₹40.00 per share. The minimum lot size is 2999, requiring an investment of at least ₹119960.00.
The GConnect Logitech and Supply Chain Limited IPO shares are expected to be listed on 03 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your GConnect Logitech and Supply Chain Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The GConnect Logitech and Supply Chain Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.