GConnect Logitech IPO Subscription Status, Rate

GConnect Logitech IPO Subscription Status, Rate

GConnect Logitech IPO is Open on March 26, 2024 and Close on March 28, 2024. GConnect Logitech IPO to Raise 1,401,000 Shares (Approx ₹5.60 Cr) via IPO. The Fresh Issue of 1,401,000 Shares (Approx ₹5.60 Cr).

  • The Retail Quota is 35%
  • QIB is 50%
  • NII is 15%.

GConnect Logitech IPO is an SME IPO and Listed on BSE SME. GConnect Logitech Price Band is Fixed at ₹40 per ₹10 Equity Share. GConnect Logitech IPO Lot Size is 3000 Shares.

About GConnect Logitech :

Our Company is engaged in the business of providing surface logistics services viz. goods transport services. Our Company offers its services to other logistic companies, including surface logistic companies and to direct customers. The range of services offered by our Company includes bulk load, Full Truck Load (FTL) service and dedicated load. Under bulk load, our Company offers bulk transportation service to large sized Companies through their transport contractors, Full Truck Load (FTL) service to retailers and traders, wherein our 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). Our Company also provide dedicated load service, which includes multiple pick-ups and drops.

 

Our 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.
Our Company carry its logistics business with the primary focus being the state of Gujarat. Our Company 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.

 

Our Company operates under an asset light model, thus engaging with third parties for providing our Company with the assets necessary for its operations such as vehicles (customized and containerized). As the business strategy of our Company, our Company may own vehicles in the future but our Company believes that the approach of maintaining an asset light model will help our Company to meet the diverse and ever-changing needs of its customers effectively. As on October 30, 2023 our Company has arrangement with truck owners having over 20 vehicles of different sizes and carrying capacity, as per the requirement of customers.

GConnect Logitech IPO Subscription Status day-by-day-

Categories 26 Mar 27 Mar 28 Mar
QIB 0.00 0.00 0.00
NII 0.52 2.05
RII 4.89 15.22
Total 2.70 8.64

GConnect Logitech IPO Investor Categories

  • Qualified Institutional Buyers (QIB).
  • Non- Institutional Investors (NII).
  • Retail individual Investors (RII).
  • Employee (EMP).
  • Others (Eligible Shareholders).

Who Is QIB In IPO?

QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.

Who Is NII In IPO?

NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.

Who Is RII In IPO?

RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.

Who Is EMP In IPO?

“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).

GConnect Logitech IPO Review From MoneyMintIdea –

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