GConnect Logitech is engaged in the business of providing surface logistics services viz. goods transport services. Their Company offers its services to other logistic companies, including surface logistic companies and to direct customers. The range of services offered by their Company includes bulk load, Full Truck Load (FTL) service, and dedicated load. Under bulk load, Their Company offers bulk transportation service to large Companies through their transport contractors, Full Truck Load (FTL) service to retailers and traders, wherein their Company provides point-to-point services to the customers in which the goods are loaded from the premises of the customer and are delivered to the delivery point as specified by them (i.e. factory/warehouse). Their Company also provides dedicated load service, which includes multiple pick-ups and drops. Their Company mainly serves transport contractors and industrial customers, who have requirement to transport bulk quantities of their goods from one place to another within India.
Their Company carries its logistics business with the primary focus being the state of Gujarat. Their Company primarily serves transport contractors and also direct customers, thus serving varied end customers from a broad range of industries such as metals, fabrics, Fast Moving Consumer Goods (FMCG), auto components, chemicals, and pharmaceuticals. They do not enter into any contract with Their customers.
Their Company operates under an asset-light model, thus engaging with third parties to provide their Company with the assets necessary for its operations such as vehicles (customized and containerized). As the business strategy of the Company, the Company shall own vehicles in the future but the Company believes that the approach of maintaining an asset-light model will help the Company to meet the diverse and ever-changing needs of its customers effectively. As of October 30, 2023, their Company has arrangements with truck owners having over 20 vehicles of different sizes and carrying capacity, as per the requirement of customers.
Objects of the Issue:
- Purchase of Vehicles and Body Building.
- Finance the Website Development and App Designing.
- General Corporate Purpose.
GConnect Logitech IPO Review
- Avoid
GConnect Logitech IPO Date & Price Band Details
| IPO Open: | March 26, 2024 |
| IPO Close: | March 28, 2024 |
| IPO Size: | Approx ₹5.60 Crores, 1,401,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹40 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
GConnect Logitech IPO Market Lot
The GConnect Logitech IPO minimum market lot is 3000 shares with a ₹120,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹120,000 |
| Retail Maximum | 1 | 3000 | ₹120,000 |
| S-HNI Minimum | 2 | 6000 | ₹240,000 |
GConnect Logitech IPO Dates
The GConnect Logitech IPO date is March 26 and the IPO close date is March 28. The IPO allotment date is April 1 and the IPO might list on April 3.
| IPO Open Date: | March 26, 2024 |
| IPO Close Date: | March 28, 2024 |
| Basis of Allotment: | April 1, 2024 |
| Refunds: | April 2, 2024 |
| Credit to Demat Account: | April 2, 2024 |
| IPO Listing Date: | April 3, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
GConnect Logitech IPO Form
How to apply GConnect Logitech IPO? You can apply GConnect Logitech IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the GConnect Logitech IPO in the Invest section. The other option you can apply GConnect Logitech IPO via IPO forms download via the BSE website. Check out the GConnect Logitech forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
GConnect Logitech Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2023 | ₹1.01 | ₹0.87 | ₹0.11 |
| Sep 2023 | ₹2.13 | ₹1.82 | ₹0.23 |
GConnect Logitech IPO Valuation – FY2023
Check GConnect Logitech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹26.64 per Equity Share |
| Price/Earning P/E Ratio: | 0.48 |
| Return on Net Worth (RoNW): | 14.01% |
| Net Asset Value (NAV): | ₹44.52 per Equity Share |
Peer Group
- Ritco Logistics Limited
- VRL Logistics Limited
- Shreeji Translogistics Limited
Company Promoters
- Mr. Jigar Vinodbhai Sheth
- Mr. Vinod Venilal Sheth
GConnect Logitech IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
GConnect Logitech IPO Allotment Status
Check GConnect Logitech IPO allotment status on Kfin Technologies website URL. Click Here
GConnect Logitech IPO Lead Managers aka Merchant Bankers
- Fedex Securities Pvt Ltd
Company Address
GConnect Logitech and Supply Chain Limited
Shop No. 6, Sadguru Complex
Nari Chowkadina
Bhavnagar – 364 001,
Phone: +91 93777 74949
Email: [email protected]
Website: https://www.gconnectlogitech.com/
