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