GConnect Logitech & Supply Chain Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Mar 2024

Close Date

28 Mar 2024

Allotment

01 Apr 2024

Listing Date

03 Apr 2025

Exchange

BSE SME

Price Band

₹40

Listing Price

See chart

Allotment Status

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Price Band

₹40

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

14,01,000 shares (aggregating up to ₹5.60 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

23,18,547 shares

Promoters

Post-IPO Holding

37,19,547 shares

Promoters

P/E (Pre)

1.5x

EPS (Pre)

₹26.64

EPS (Post)

₹1.23

UPI Deadline

2024-03-28

Mandate

Anchor AllotmentMon, 25 Mar 2024

Basis of AllotmentMon, 01 Apr 2024

Refund InitiationTue, 02 Apr 2024

Demat CreditTue, 02 Apr 2024

Listing DayThu, 03 Apr 2025

UPI Mandate Deadline2024-03-28

Sale TypeFresh Capital

Net Offer to Public13,26,000 shares (aggregating up to ₹5.30 Cr)

Market Maker Quota75,000 shares (aggregating up to ₹0.3000 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

GConnect Logitech & Supply Chain Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 Mar 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	75,000	—	₹0.30
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,401,000	100%	₹5.60

IPO Shares Offered

GConnect Logitech & Supply Chain Ltd IPO total issue size: ₹5.60 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	75,000	₹0.30	5.35%
Total	1,401,000	₹5.60	100.00%

* Based on upper price band ₹40 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹40.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹240,000
Retail (Max — 13 Lots)	13	39,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	204,000	₹8,160,000

* Issue Price ₹40 × Lot Size 3,000 shares

IPO Schedule

Anchor

25 Mar 2024

✓ Done

IPO Open

26 Mar 2024

✓ Done

IPO Close

28 Mar 2024

✓ Done

Allotment

01 Apr 2024

✓ Done

Refunds

02 Apr 2024

✓ Done

Demat Credit

02 Apr 2024

✓ Done

Listing Day

03 Apr 2025

✓ Done

₹40.00

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Issue ₹40.00 Live Price

About GConnect Logitech & Supply Chain Ltd

Incorporated in July 2022, Gconnect Logitech and Supply Chain Limited provides surface logistics services, including goods transport.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.

Objects of the Issue

Purchase of Vehicles and Body Building;

Finance the Website Development and App Designing; and

General Corporate Purpose.

GConnect Logitech & Supply Chain Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

N/A

FY 2022-23

₹101.0

31 Mar 2023

₹212.6

30 Sep 2023

Profit After Tax (PAT)

N/A

FY 2022-23

₹10.9

31 Mar 2023

₹22.8

30 Sep 2023

Particulars	30 Sep 2023	31 Mar 2023	FY 2022-23
Revenue from Operations	212.57	101.03	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	22.83	10.86	N/A
Net Worth	398.15	77.51	N/A
Total Assets	423.25	82.46	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	166.29	60.10	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	11.22%	—	—

P/BV Ratio

2.33

RoE

5.73%

RoCE

7.67%

RoNW

5.73%

PAT Margin

11.22%

Issue Structure & Shareholding

Total Shares Offered14,01,000 (100.00%)

Net Offer to Public13,26,000 shares (aggregating up to ₹5.30 Cr)

Reserved for Market Maker75,000 shares (aggregating up to ₹0.3000 Cr)

Pre-Issue Promoter Holding23,18,547 shares

Post-Issue Promoter Holding37,19,547 shares

P/BV Ratio2.33

RoE5.73%

RoCE7.67%

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd

04067162222, 04079611000

Gconnect.ipo@kfintech.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

Fedex Securities Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much GConnect Logitech & Supply Chain Ltd IPO subscribed? ▲

GConnect Logitech & Supply Chain Ltd IPO is subscribed 1.00 times by Mar 28, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is GConnect Logitech & Supply Chain Ltd IPO retail subscription status? ▼

The GConnect Logitech & Supply Chain Ltd IPO retail category is subscribed 1.00 times as of 28 Mar 2024. The retail portion is oversubscribed.

How to subscribe GConnect Logitech & Supply Chain Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Mar 2024 and closes 28 Mar 2024. Min investment: ₹120,000 (1 lot = 3,000 shares). UPI mandate: 2024-03-28.

How many times GConnect Logitech & Supply Chain Ltd IPO subscribed? ▼

The GConnect Logitech & Supply Chain Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check GConnect Logitech & Supply Chain Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Apr 2024. Refunds: on 02 Apr 2024.

When GConnect Logitech & Supply Chain Ltd IPO will be listed? ▼

The GConnect Logitech & Supply Chain Ltd IPO listing date is 03 Apr 2025, Thursday. Listed on: BSE SME. Issue price: ₹40. Estimated listing: ₹40. GMP: NIL.

When GConnect Logitech & Supply Chain Ltd IPO close? ▼

The GConnect Logitech & Supply Chain Ltd IPO closes on 28 Mar 2024, Thursday. UPI mandate: 2024-03-28. Allotment: 01 Apr 2024. Listing: 03 Apr 2025.

Quick Actions

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Live Price LIVE

Last Price₹40.00

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Issue Price₹40.00

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Quick Summary

StatusListed

Issue Price₹40

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹40

Subscribed1.00x

Open Date26 Mar 2024

Close Date28 Mar 2024

Allotment01 Apr 2024

Listing Date03 Apr 2025

ExchangeBSE SME

UPI Deadline2024-03-28