Gconnect Logitech IPO Details | GMP, Date, Price, Review

Gconnect Logitech IPO Details ( Gconnect Logitech and Supply Chain Limited IPO Review )

(26 Mar 2024 – 28 Mar 2024)

Established in July 2022, Gconnect Logitech and Supply Chain Limited offers surface logistics services, like transporting goods.

We provide various services, including moving bulk loads, Full Truck Loads (FTL), and dedicated loads.

We don’t own many assets ourselves; instead, we team up with other companies who have things like trucks.

By September 30, 2023, we’ve served about 24 customers, with more than 8 of them sticking with us for over 4 years.

By October 30, 2023, we’ve partnered with 4 fleet management firms and have 23 vehicles of different sizes to handle our customers’ needs.

As of March 2024, we have a total of 6 employees working in different departments.

Gconnect Logitech and Supply Chain Limited IPO Competitive Strength

• Experienced Promoters and Management Team
• Well-defined organizational structure
• Longstanding and Diverse customer base
• Existing Supplier Relationship
• Asset Light Business Model

Gconnect Logitech IPO Financials Performance ( Results )

Gconnect Logitech and Supply Chain Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	Net Worth	Reserves
31-Mar-23	82.46	101.03	10.86	77.51	60.10
30-Sep-23	423.25	212.57	22.83	398.15	166.29

Objective of Gconnect Logitech IPO Issue

• Purchase of Vehicles and Body Building;
• Finance the Website Development and App Designing; and
• General Corporate Purpose.

Gconnect Logitech IPO Basic Details

IPO Date	Mar 26, 2024 to Mar 28, 2024
Listing Date	Wednesday, April 3, 2024
Face Value	₹10 per share
Price	₹40 per share
Lot Size	3000 Shares
Issue Size	1,401,000 shares of ₹10 (aggregating up to ₹5.60 Cr)
Fresh Issue	1,401,000 shares of ₹10 (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
Company Promoters	Mr. Jigar Vinodbhai Sheth and Mr. Vinod Venilal Sheth

Gconnect Logitech IPO Reservation

Market Maker Shares Offered	5.35% of the Net Issue
Other Shares Offered	47.32% of the Net Issue
Retail Shares Offered	47.32% of the Net Issue

Gconnect IPO Timetable

Gconnect IPO will open on March 26, 2024 and close on March 28, 2024. You can join Gconnect IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	26 March 2024 (Tuesday)
Closing Date	28 March 2024 (Thursday)
Basis of Allotment	1 April 2024 (Monday)
Initiation of Refunds	2 April 2024 (Tuesday)
Credit of Shares to Demat	2 April 2024 (Tuesday)
Listing Date	3 April 2024 (Wednesday)
Deadline for UPI mandate confirmation	5 PM on  March 2024

Gconnect Logitech and Supply Chain IPO Lot Size

For retail investors in Gconnect Logitech and Supply Chain IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹120,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹120,000.

Application	Lots	Shares	Amount
Retail (Min)	1	3000	₹120,000
Retail (Max)	1	3000	₹120,000
S-HNI (Min)	2	6000	₹240,000

Gconnect Logitech IPO Promoter Holding

The company’s promoters include Mr. Jigar Vinodbhai Sheth and Mr. Vinod Venilal Sheth.

Pre Issue Share Holding	76.76%
Post Issue Share Holding	47.85%

Gconnect Logitech and Supply Chain Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	14.88
Earning Per Share (EPS)	₹26.64 per Equity Share
Net Asset Value (NAV)	₹44.52 per Equity Share
P/E Ratio (P/E) (x)	1.5
Post P/E Ratio (P/E) (x)
Return on Net Worth (RoNW) (%)	5.73
Return on equity (ROE) (%)	5.73
Return on Capital Employed (ROCE) (%)	7.67
Debt/Equity Ratio	2.33

Gconnect Logitech IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹9	–	–
27 March 2024	₹9	–	–

Gconnect Logitech IPO Detail Video:

link

Gconnect Logitech IPO Subscription Status (Bidding Detail)

The Gconnect Logitech IPO on March 28, 2024 at 7:00:00 PM was subscribed 57.38 times, with the retail category being subscribed 71.74 times, the other category being subscribed 42.90 times.

Category	Subscription
Other	42.90x
Retail	71.74x
Total	57.38x

Gconnect Logitech IPO Prospectus

Gconnect Logitech IPO DRHP	Download
Gconnect Logitech IPO RHP	Download

Gconnect Logitech IPO Rating

Our Rating

3.0/5.0

Gconnect Logitech Company Contact Information

Gconnect Logitech and Supply Chain Limited

Corporate Identification Number: U63030GJ2022PLC134029
Registered Office: Shop No. 6, Sadguru Complex, Nari Chowkadina, Bhavnagar – 364 001, Gujarat, India.
Tel No.: +91 93777 74949
Email: contact@gconnectlogitech.com
Website: www.gconnectlogitech.com
Contact Person: Ankita Malde, Company Secretary & Compliance Officer
Our Promoters: Mr. Jigar Vinodbhai Sheth and Mr. Vinod Venilal Sheth

Gconnect Logitech IPO Registrar

Kfin Technologies Limited

Registered Office: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana,India.
Telephone: +91 4067162222
E-mail: gconnect.ipo@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No.: INR000000221
Investor Grievance E-Mail: einward.ris@kfintech.com

Gconnect Logitech IPO Lead Manager

Fedex Securities Private Limited

Registered Office: B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – [East], Mumbai – 400 057, Maharashtra, India
Tel No.: +91 81049 85249
E-mail: mb@fedsec.in
Website: www.fedsec.in
Contact Person: Saipan Sanghvi
SEBI Registration Number: INM000010163
Investor Grievance E-Mail: mb@fedsec.in

Gconnect Logitech IPO FAQs