Eastern Logica Infoway Limited 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. Company also provides networking and security solution to our consumers.
As on December 15, 2022, Eastern Logica Infoway has 4 offices, 11 retail stores, 2 distribution centres and virtual offices across 11 cities in the Country. They operate on a lease rental model with a focus on securing retail spaces, ensuring high visibility and easy accessibility to customers.
The company has built a strong chain of customers and some of its customers are – Eshaa Communication Private Limited, Checkers India Technology Private Limited, Balaji Solutions Limited, Aakanksha Distributors Private Limited, and Fareast Exim Venture Private Limited.
Eastern Logica Infoway can be located in West Bengal, Delhi, Haryana, Karnataka, Telangana, Maharashtra, Gujarat, and Tamil Nadu.
Eastern Logica Infoway IPO – Details
| IPO Opening Date | 05 January 2023 |
| IPO Closing Date | 09 January 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 7,53,000 Shares Worth ₹16.94 Crore Fresh Issue: 6,64,200 Shares Worth ₹14.94 Crore Offer For Sale: 88,800 Shares Worth ₹2.00 Crore |
| Face Value | ₹10 per share |
| IPO Price | ₹225 |
| Market Lot | 600 Shares |
| Min Order | 600 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | KFin Technologies Limited |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Eastern Logica Infoway IPO – Date Schedule
| IPO Open Date | 05 January 2023 |
| IPO Close Date | 09 January 2023 |
| Basis of Allotment | 12 January 2023 |
| Initiation of Refunds | 13 January 2023 |
| Credit of Shares to Demat Account | 16 January 2023 |
| IPO Listing Date | 17 January 2023 |
Eastern Logica Infoway IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 600 | 1,35,000 |
| Maximum | 1 | 600 | 1,35,000 |
Competitive Strengths
- Experienced management team with a proven track record.
- Strategically located business outlets and offices.
- Robust customer service support, timely delivery & installation support.
Company Promoters
- Gaurav Goel
- Shweta Goel
Object Of The Issue
- To meet the Working Capital requirements of the Company.
- General corporate purposes.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 498.82 | 496.26 | 1.81 |
| 31 March 2021 | 447.02 | 443.88 | 2.33 |
| 31 March 2022 | 615.58 | 611.71 | 2.85 |
| 30 September 2022 | 305.04 | 303.05 | 1.33 |
Eastern Logica Infoway IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.59% |
Eastern Logica Infoway IPO Prospectus
Company Contact Information
| Eastern Logica Infoway Limited 2 Saklat Place 1st Floor, Kolkata, West Bengal 700072 Phone: 033 4058 0000 Email: cs@easternlogica.com Website: http://www.easternlogica.com/ |
Eastern Logica Infoway IPO Registrar
| KFin Technologies Limited Phone: 04067162222, 04079611000 Email: easternlogica.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
Eastern Logica Infoway IPO Lead Manager(s)
| 1. Oneview Corporate Advisors Private limited |
Eastern Logica Infoway IPO FAQs
| What is Eastern Logica Infoway IPO? Eastern Logica Infoway IPO is a SME IPO. The issue is priced at ₹225 per equity share. The IPO is to be listed on BSE SME. |
| When Eastern Logica Infoway IPO will open? The IPO is to open on 05 January 2023 for NII and Retail Investors. |
| What is Eastern Logica Infoway IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Eastern Logica Infoway IPO? You can apply Eastern Logica Infoway IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Eastern Logica Infoway IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Eastern Logica Infoway”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Eastern Logica Infoway IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Eastern Logica Infoway”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Eastern Logica Infoway IPO Size? Eastern Logica Infoway IPO size is ₹16.94 crores. |
| What is Eastern Logica Infoway IPO Price Band? Eastern Logica Infoway IPO Price Band is ₹225. |
| What is Eastern Logica Infoway IPO Minimum and Maximum Lot Size? The minimum bid is 600 Shares with ₹1,35,000 amount while the maximum bid is 600 shares with ₹1,35,000. |
| What is the Eastern Logica Infoway IPO Allotment Date? Eastern Logica Infoway IPO allotment date is 12 January 2023. |
| What is the Eastern Logica Infoway IPO Listing Date? Eastern Logica Infoway IPO listing date is 17 January 2023. The IPO is to list on BSE SME. |
