Gconnect Logitech and Supply Chain Limited is coming up with an IPO worth INR 5.60 crores, consisting of a fresh issue of 14.01 lakh shares. The company plans to use the funds raised to purchase vehicles and bodybuilding, finance web development and app designing, and general corporate purposes.
Gconnect Logitech and Supply Chain Ltd IPO – Important Dates
| Gconnect Logitech and Supply Chain IPO Date | March 26, 2024 to March 28, 2024 |
| Gconnect Logitech and Supply Chain IPO Listing Date | April 3, 2024 |
| Gconnect Logitech and Supply Chain IPO Price | INR 40 per share |
| Gconnect Logitech and Supply Chain IPO Lot Size | 3000 Shares |
| Gconnect Logitech and Supply Chain IPO Total Issue Size | INR 5.60 crores |
| Gconnect Logitech and Supply Chain IPO Basis of Allotment | April 1, 2024 |
| Gconnect Logitech and Supply Chain IPO Initiation of Refunds | April 2, 2024 |
| Gconnect Logitech and Supply Chain IPO Credit of Shares to Demat | April 2, 2024 |
| Gconnect Logitech and Supply Chain IPO Issue Type | Fixed Price Issue |
| Gconnect Logitech and Supply Chain IPO Listing At | BSE SME |
Gconnect Logitech and Supply Chain Limited IPO – Company Profile
Gconnect Logitech and Supply Chain Limited are engaged in the business of providing surface logistics services, viz., goods and transport services. The company offers its services to other logistic companies, including surface logistic companies, and to direct customers. The range of services offered by the company includes bulk load, Full Truck Load (FTL) service, and dedicated load.
The company carries its logistics business, with the primary focus being the state of Gujarat. The company primarily serves transport contractors and direct customers, thus serving various end customers from a broad range of industries such as metals, fabrics, Fast Moving Consumer Goods (FMCG), auto components, chemicals, and pharmaceuticals.
GConnect Logitech IPO Review
| Particular | As of 31 March 2023 | As of 30 September 2023 |
| Revenue (₹ in lakhs) | 101.03 | 212.57 |
| Equity (₹ in lakhs) | 77.51 | 398.15 |
| Expenses (₹ in lakhs) | 86.55 | 182.06 |
| Profit and Loss After Tax (₹ in lakhs) | 10.86 | 22.83 |
| RoNW (%) | 5.73% | 14.01% |
| Diluted EPS only (₹) | 26.64 | 1.35 |
| NAV per Equity Share (₹) | 44.52 | 17.22 |
| Total Assets (in lakhs) | 82.45 | 423.25 |
| Total Liabilities (in lakhs) | 4.95 | 25.1 |
Gconnect Logitech and Supply Chain Limited IPO Fundamental Analysis
Gconnect Logitech’s financial analysis intends to launch an IPO reveals a mixed performance. While revenue and profitability have shown improvement, a drastic decline in EPS and fluctuating NAV per equity share raise concerns. Further analysis of liquidity, debt levels, and growth prospects is warranted.
1. Revenue Growth: The company’s revenue has shown growth from ₹101.03 lakhs in March 2023 to ₹212.57 lakhs by September 2023, indicating positive sales momentum.
2. Equity and Liabilities: The equity has increased significantly, reflecting potential growth and investor confidence. Total liabilities have also increased, albeit at a slower rate, suggesting manageable debt levels.
3. Profitability: The company’s profitability has improved, with profit after tax rising from ₹10.86 lakhs in March 2023 to ₹22.83 lakhs by September 2023. This indicates positive operational performance and potential for sustainable profits.
4. Earnings per Share (EPS): The diluted EPS has shown a drastic decrease from ₹26.64 in March 2023 to ₹1.35 by September 2023. This sharp decline in EPS may raise concerns about the company’s earnings stability and future growth prospects.
5. Return on Net Worth (RoNW): The RoNW has improved significantly, from 5.73% in March 2023 to 14.01% by September 2023. This suggests that the company is generating better returns relative to its net worth, which is a positive indicator for investors.
6. Financial Position: The NAV per equity share has decreased, indicating a decrease in the underlying asset value per share. This could be a result of increased liabilities and expenses.
7. Liquidity and Efficiency: The total assets have increased substantially, indicating potential business expansion. However, the current ratio and debt levels should be carefully analyzed to assess the company’s liquidity position and financial health.
GConnect Logitech IPO Peer Comparison
Gconnect Logitech shows high EPS and RoNW but lacks PE ratio data. Ritco Logistics has strong revenue, while VRL Logistics demonstrates robust financial metrics across EPS, PE ratio, RoNW, and NAV per equity share. Shreeji Translogistics has lower revenue and EPS but a higher RoNW.
| Company | Total Revenue (₹ in lakhs) | Face Value (₹) | EPS (₹) | PE Ratio (in times) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Gconnect Logitech and Supply Chain Limited | 101.03 | 10 | 26.64 | NA | 14.01% | 44.51 |
| Ritco Logistics Limited | 75,114.62 | 10 | 9.94 | 23.03 | 16.37% | 60.70 |
| VRL Logistics Limited | 2,64,852.18 | 10 | 18.80 | 29.01 | 39.72% | 110.46 |
| Shreeji Translogistics Limited | 20,088.10 | 2 | 2.11 | 14.10 | 25.77% | 7.79 |
GConnect Logitech IPO Objective
The main objective is to purchase vehicles for distribution network coverage, allocating INR 4.09 crores. Additionally, INR 0.48 crores will finance website and app development. The remaining funds will support general corporate goals.
- Purchase of Vehicles and Body Building: The company has proposed to acquire a delivery vehicle, which it believes will enable it to cover the increasing distribution network. The company proposes to utilize INR 4.09 crores for the said purpose.
- Finance the Website Development and App Designing: The company plans for a business set up with high technology-based infrastructure such as Computers, software applications, and data storage facilities. The company plans to utilise INR 0.48 crores for the said purpose.
- General Corporate Purpose: The Company plans to deploy the balance funds towards the general corporate goals, including but not restricted to strategic initiatives, partnerships, joint ventures, strategic entity/business acquisitions, branding, marketing, and new client referral fees meeting exigencies.
GConnect Logitech IPO Risks And Challenges
GConnect Logitech IPO’s risks include limited operating history, making it challenging for investors to assess performance and prospects. Disruptions in logistics, dependence on customer business performance, and intense industry competition pose risks.
- The company has been formed specifically for the acquisition of the business of “Prithvi Enterprises”.Thus the company has a limited operating history as it may be difficult for investors to evaluate the historical performance or future prospects.
- Any disruptions to the logistics and transportation facilities could have a material adverse effect on the business, financial condition, cash flows, and results of operations.
- The company is dependent on the customers’ business performance and developments in their markets and industries and their continuing outsourcing of logistics operations.
- The company operates in a highly competitive industry and faces intense competition, which could adversely affect the results of operations and market share.
Gconnect Logitech and Supply Chain Ltd IPO – Industry & Market Potential
Logistics is essential for the economy of a country. It pertains to the general method of controlling how resources are obtained, housed, and delivered to their ultimate location. Determining the efficiency and accessibility of potential distributors and suppliers is part of logistics management. It is a differentiating sector that can largely affect any country’s exports, thereby adding a significant competitive edge, with the underlying assumption of a robust logistics sector.
The logistics industry comprises all supply chain activities, mainly transportation, inventory management, flow of information, and customer service. It determines the success of not only the country’s supply chain but also influences it on a global scale. The effectiveness of logistics helps to determine the degree of ability that enterprises can keep up with demand.
GConnect Logitech IPO – Type of Offer
Gconnect Logitech and Supply Chain Limited is launching an IPO valued at INR 5.60 crores, comprising 14.01 lakh new shares. The company intends to allocate the proceeds towards acquiring vehicles and bodybuilding, funding web development and app designing, and addressing general corporate needs.
Gconnect Logitech and Supply Chain Limited IPO Offer Size
The offer size of Gconnect Logitech and Supply Chain Limited’s IPO, valued at INR 5.60 crores with a fresh issue of 14.01 lakh shares, is to acquire vehicles and bodybuilding, finance web development and app designing, and address general corporate needs.
GConnect Logitech IPO Allotment Structure
Gconnect Logitech and Supply Chain Limited’s IPO allotment structure includes a Retail Individual Investors (RII) category with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications with value exceeds INR 2 lakhs.
- Market Maker Reservation: A certain percentage i.e., 75,000 shares, are reserved for market makers.
How to apply for a Gconnect Logitech and Supply Chain Ltd IPO?
To apply for the Gconnect Logitech and Supply Chain IPO through Alice Blue, you would typically follow these steps:
1. Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
2. Check for IPO Details: Once your account is active, you can check for the Gconnect Logitech and Supply Chain IPO details in the IPO section of the Alice Blue platform.
3. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
4. Submit the Application: Confirm all your details and submit your application.
You can apply for the Gconnect Logitech and Supply Chain IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares. Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to check Gconnect Logitech and Supply Chain IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Gconnect Logitech and Supply Chain IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Gconnect Logitech and Supply Chain IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance. Apart from Alice Blue, there are other ways to check the allotment status of the Gconnect Logitech and Supply Chain IPO:
- Registrar’s Website: Visit the website of KFIN Technologies Limited, the registrar of the Gconnect Logitech and Supply Chain IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
- BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) SME (Small Medium Enterprise) Platform. You would
need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Gconnect Logitech and Supply Chain Limited IPO Offer Registrar
The Gconnect Logitech and Supply Chain IPO’s registrar is KFIN Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
information for the registrar:
KFIN Technologies Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District,
Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana,India.
E-mail: [email protected]
Website: www.kfintech.com
Gconnect Logitech and Supply Chain IPO – FAQs
1. What is the allotment date of the Gconnect Logitech and Supply Chain IPO?
The allotment date of the Gconnect Logitech and Supply Chain IPO is April 1, 2024.
2. What is the price band of Gconnect Logitech and Supply Chain IPO?
The price band of the company is INR 40 per share.
3. What is the size of the Gconnect Logitech and Supply Chain IPO?
The offer size of Gconnect Logitech and Supply Chain Limited’s IPO, valued at INR 5.60 crores with a fresh issue of 14.01 lakh shares, is to acquire vehicles and bodybuilding, finance web development and app designing, and address general corporate needs.
4. What is the listing date of the Gconnect Logitech and Supply Chain IPO?
The listing date of the Gconnect Logitech and Supply Chain IPO is April 3, 2024.
