GConnect Logitech IPO Details Today, GMP Price, Date, Review

GConnect Logitech IPO Details Today, GMP Price, Date, Review

OUR BUSINESS

GConnect Logitech is engaged in the business of providing surface logistics services viz. goods transport services. GConnect Logitech offers its services to other logistic companies, including surface logistic companies and to direct customers. The range of services offered by GConnect Logitech includes bulk load, Full Truck Load (FTL) service and dedicated load. Under bulk load, GConnect Logitech offers bulk transportation service to large sized Companies through their transport contractors, Full Truck Load (FTL) service to retailers and traders, where in GConnect Logitech 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.

GConnect Logitech also provide dedicated load service, which includes multiple pick-ups and drops. GConnect Logitech mainly serves transport contractors and industrial customers, who have requirement to transport bulk quantities of their goods from one place to another within India.

GConnect Logitech carry its logistics business with the primary focus being the state of Gujarat. GConnect Logitech primarily serves transport contractors and also direct customer, thus serving a varied end customers from a broad range of industries such as metals, fabrics, Fast Moving Consumer Goods (FMCG), auto components, chemicals and pharmaceuticals. We do not enter into any contract with our customers.

GCONNECT LOGITECH IPO DATE & PRICE BAND DETAILS

IPO Open Date Mar 26, 2024
IPO Close Date Mar 28, 2024
IPO Size 1,401,000 shares (Approx ₹5.60 Cr)
Fresh Issue 1,401,000 shares (Approx ₹5.60 Cr)
IPO Face Value ₹10 Per Equity Share"
Lot Size 3000 Shares
IPO Price Band ₹40 Per Every Share
IPO Listing On BSE SME
IPO Retail Quota 50%
IPO QIB Quota -%
IPO NII Quota 50%
DRHP Draft Click Here
Anchor Investor Click Here

GCONNECT LOGITECH IPO MARKET LOT DETAILS

Application Lot Size Shares Amount
Retail Minimum 1 3000 ₹120,000
Retail Maximum 1 3000 ₹120,000
S-HNI Minimum 2 6000 ₹240,000

OBJECTS OF ISSUE

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

GCONNECT LOGITECH IPO ALLOTMENT & LISTING DATE (DETAILS)

IPO Open Date Mar 26, 2024
IPO Close Date Mar 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

GCONNECT LOGITECH FINANCIAL REPORTS

₹ in Crores
Year Revenue Expense PAT
2023 6Month ₹2.13 ₹1.82 ₹0.23
2023 ₹1.01 ₹0.87 ₹0.11

Qualitative Factors

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

GCONNECT LOGITECH IPO PEER COMPARISON

Company Name Face Value EPS P/E Ratio Ro NW (%) NAV Per Revenue (₹ in Lakhs)
Gconnect Logitech and Supply Chain Limited 10 26.64 -- 14.01 44.51 101.03
Peer Company
Ritco Logistics Limited 10 9.94 25.20 16.37 60.70 75114.62
VRL Logistics Limited 10 18.80 37.18 39.72 110.46 264852.18
Shreeji Translogistics Limited 2 2.11 34.29 25.77 7.79 20.088.10

OUR COMPANY PROMOTER

  • Mr. Jigar Vinodbhai Sheth
  • Mr. Vinod Venilal Sheth

GCONNECT LOGITECH COMPANY CONTACT DETAILS

Shop No. 6, Sadguru Complex,
Nari Chowkadi, Bhavnagar – 364 001,
Gujarat, India.
Tel No: +91 93777 74949
Email: contact@gconnectlogitech.com
Website: www.gconnectlogitech.com

GCONNECT LOGITECH IPO REGISTAR

Kfin Technologies Limited
Selenium, Tower-B, Plot 31& 32, Gachibowli Financial District
Nanakramguda, Hyderabad – 500032, Telangana, India
Telephone:+91-40-6716-2222
Email:gconnect.ipo@kfintech.com.
Investor Grievance Email ID:einward.ris@kfintech.com
Contact Person: M Murali Krishna
Website: www.kfintech.com

About the Company-

  • Our Services
  1. Bulk Load
  2. Full Truck Load Services (FTL Services)
  3. Dedicated Load (to-an-fro)
  • Our Competitive Strengths
  1. Experienced Prmoters and Management Team.
  2. Well- Defined Organixational Structure.
  3. Longstanding and Diverse Customer Base.
  4. Existing Supplier Relationship.
  5. Asset Light Business Model.
  • Our Strategy
  1. Enhance operational controls to ensure timely delivery.
  2. Increase our network by introducing new services.
  3. Continue to develop cordial relationship with our Suppliers, Customer and employees.
  4. Developing proprietary logistics operating system.
  5. Building a tech-based listing platform.

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