Gconnect Logitech and Supply Chain Limited is engaged in the business of providing surface logistics services viz. goods transport services.
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.
GConnect Logitech and Supply Chain IPO – Details
| IPO Opening Date | 26 March 2024 |
| IPO Closing Date | 28 March 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 14,01,000 Shares Worth ₹5.60 Crore Fresh Issue: 14,01,000 Shares Worth ₹5.60 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Kfin Technologies Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
GConnect Logitech and Supply Chain IPO – Date Schedule
| IPO Open Date | 26 March 2024 |
| IPO Close Date | 28 March 2024 |
| Basis of Allotment | 01 April 2024 |
| Initiation of Refund | 02 April 2024 |
| Credit of Shares to Demat Account | 02 April 2024 |
| IPO Listing Date | 03 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2024 |
GConnect Logitech and Supply Chain IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | ₹1,20,000 |
| Retail (Maximum) | 1 | 3000 | ₹1,20,000 |
| HNI (Minimum) | 2 | 6000 | ₹2,40,000 |
Competitive Strengths
- Experienced Promoters and Management Team;
- Well-defined organizational structure;
- Longstanding and Diverse customer base;
- Existing Supplier Relationship; and
- Asset Light Business Model.
Company Promoters
- Mr. Jigar Vinodbhai Sheth
- Mr. Vinod Venilal Sheth
Object Of The Issue
- Purchase of Vehicles and Body Building;
- Finance the Website Development and App Design; and
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | 1.01 | 0.86 | 0.10 | 0.60 |
| 30 September 2023 | 2.12 | 1.82 | 0.22 | 1.66 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 5.73% |
| ROCE | 7.67% |
| RoNW | 5.73% |
| P/BV | 2.33 |
| PAT Margin (%) | 11.22 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 26.64 | 1.23 |
| P/E (x) | 1.5 |
GConnect Logitech and Supply Chain IPO Promoter Holding
| Pre Issue Share Holding | 76.76% |
| Post Issue Share Holding | 47.85% |
GConnect Logitech and Supply Chain IPO Prospectus
- GConnect Logitech and Supply Chain IPO DRHP
- GConnect Logitech and Supply Chain IPO RHP
Company Contact Information
| GConnect Logitech and Supply Chain Limited Shop No. 6, Sadguru Complex Nari Chowkadina Bhavnagar – 364 001, Phone: +91 93777 74949 Email: contact@gconnectlogitech.com Website: https://www.gconnectlogitech.com/ |
GConnect Logitech and Supply Chain IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: Gconnect.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
GConnect Logitech and Supply Chain IPO Lead Manager(s)
| 1. Fedex Securities Pvt Ltd |
GConnect Logitech and Supply Chain IPO FAQs
| What is GConnect Logitech and Supply Chain IPO? GConnect Logitech and Supply Chain IPO is a SME IPO. The issue is priced at ₹40 per equity share. The IPO is to be listed on BSE SME. |
| When GConnect Logitech and Supply Chain IPO will open? The IPO is to open on 26 March 2024 for Retail – 50% and Other – 50% Investors. |
| How to GConnect Logitech and Supply Chain IPO? You can apply for GConnect Logitech and Supply Chain 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 GConnect Logitech and Supply Chain IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “GConnect Logitech and Supply Chain”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the GConnect Logitech and Supply Chain IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “GConnect Logitech and Supply Chain”. Click on the 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 GConnect Logitech and Supply Chain IPO Size? GConnect Logitech and Supply Chain IPO size is ₹5.60 crores. |
| What is GConnect Logitech and Supply Chain IPO Price Band? GConnect Logitech and Supply Chain IPO Price Band is ₹40. |
| What is GConnect Logitech and Supply Chain IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,20,000 amount while the maximum bid is 3000 shares with ₹1,20,000. |
| What is the GConnect Logitech and Supply Chain IPO Allotment Date? GConnect Logitech and Supply Chain IPO allotment date is 01 April 2024. |
| What is the GConnect Logitech and Supply Chain IPO Listing Date? GConnect Logitech and Supply Chain IPO listing date is 03 April 2024. The IPO is to list on BSE SME. |
