Unlock insights into the GConnect Logitech and Supply Chain IPO with this comprehensive guide. From key dates and share details to financial performance and management overview, discover everything you need to know before investing. Gain valuable insights into the company’s offerings, including surface logistics services tailored to various sectors. With a focus on transparency and growth potential, explore how GConnect Logitech aims to utilize IPO proceeds for strategic objectives like vehicle acquisition and digital infrastructure development. Backed by robust financials and a seasoned management team, this IPO presents an opportunity for investors to tap into the burgeoning logistics sector. Stay informed and make informed investment decisions with this detailed overview of the GConnect Logitech and Supply Chain IPO.
Introduction:
Welcome to an in-depth exploration of the GConnect Logitech and Supply Chain IPO, where we delve into the intricate details of this exciting investment opportunity. The GConnect Logitech and Supply Chain IPO offers investors a chance to immerse themselves in the dynamic world of logistics, with a focus on surface transportation services tailored to meet the diverse needs of various sectors.
This article serves as your guide to understanding the GConnect Logitech and Supply Chain IPO, providing comprehensive insights into its opening and closing dates, share details, and anticipated market performance. Beyond the basic information, we aim to unravel the underlying story of GConnect Logitech, shedding light on its core offerings, operational strategies, and growth trajectory.
As we navigate through the details, you’ll gain valuable insights into how GConnect Logitech has positioned itself within the logistics landscape, catering to the demands of industries ranging from metals to pharmaceuticals. Moreover, we’ll explore the company’s asset-light model, its collaboration with third-party providers, and its commitment to flexibility and customer-centricity.
With a focus on transparency and investor education, this article aims to empower you with the knowledge needed to make informed investment decisions. Whether you’re a seasoned investor or new to the IPO scene, join us on this journey as we uncover the potential of GConnect Logitech and the opportunities it presents in the ever-evolving logistics sector.
GConnect Logitech and Supply Chain IPO Details:
IPO Date: March 26, 2024 to March 28, 2024
Listing Date: April 3, 2024
Face Value: ₹10 per share
Price: ₹40 per share
Lot Size: 3000 Shares
Total Issue Size: 1,401,000 shares (aggregating up to ₹5.60 Cr)
Issue Type: Fixed Price Issue IPO
Listing At: BSE SME
Shareholding Pre Issue: 2,318,547
Shareholding Post Issue: 3,719,547
GConnect Logitech IPO Reservation:
Retail Shares Offered: 50% of the Net Issue
Other Shares Offered: 50% of the Net Issue
GConnect Logitech IPO Timeline (Tentative Schedule):
- IPO Open Date: Tuesday, March 26, 2024
- IPO Close Date: Thursday, March 28, 2024
- Basis of Allotment: Monday, April 1, 2024
- Initiation of Refunds: Tuesday, April 2, 2024
- Credit of Shares to Demat: Tuesday, April 2, 2024
- Listing Date: Wednesday, April 3, 2024
GConnect Logitech IPO Lot Size:
Investors can bid for a minimum of 3000 shares and in multiples thereof.
GConnect Logitech IPO Promoter Holding:
- Share Holding Pre Issue: 76.76%
- Share Holding Post Issue: 47.85%
About GConnect Logitech and Supply Chain Limited:
GConnect Logitech and Supply Chain Limited, established in July 2022, offers comprehensive surface logistics services, specializing in goods transport. With a diverse clientele spanning various sectors, including metals, fabrics, FMCG, auto components, chemicals, and pharmaceuticals, the company provides bulk load transportation, FTL services, and dedicated load services tailored to specific client needs.
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Financial Information (Restated):
- Period Ended: 30 Sep 2023
- Assets: ₹423.25 Lakhs
- Revenue: ₹212.57 Lakhs
- Profit After Tax: ₹22.83 Lakhs
- Net Worth: ₹398.15 Lakhs
- Reserves and Surplus: ₹166.29 Lakhs
Key Performance Indicator:
- ROE: 5.73%
- ROCE: 7.67%
- RoNW: 5.73%
- P/BV: 2.33
- PAT Margin (%): 11.22
Objects of the Issue (GConnect Logitech IPO Objectives):
The proceeds from the IPO will be allocated towards purchasing vehicles, financing website development and app designing, and for general corporate purposes.
Promoters And Management:
- Mr. Vinod Venilal Sheth: Promoter and Non-Executive Director
- Mr. Jigar Vinodbhai Sheth: Promoter and Managing Director
- Mr. Parthivkumar Bharatbhai Barad: Independent Non-Executive Director
Financials of GConnect Logitech and Supply Chain IPO:
- Revenue from Operations (FY24): ₹213 Lakhs
- EBITDA (FY24): ₹33 Lakhs
- PAT (FY24): ₹23 Lakhs
- EPS (FY24): ₹0.61
In summary, GConnect Logitech and Supply Chain IPO emerges as a promising avenue for investors seeking exposure to the dynamic logistics industry. With a comprehensive range of surface logistics services tailored to meet diverse client needs, the company stands poised for growth. Backed by robust financial performance and a seasoned management team, GConnect Logitech exhibits potential for sustainable expansion and value creation.
By leveraging proceeds from the IPO towards strategic objectives such as acquiring vehicles, enhancing digital infrastructure, and supporting general corporate initiatives, the company aims to bolster its operational capabilities and market presence. With a transparent timeline and clear objectives outlined for the IPO, investors can consider participating in GConnect Logitech and Supply Chain IPO as an opportunity to align their portfolios with a promising player in the logistics landscape. As the logistics sector continues to evolve and expand in tandem with India’s economic growth, GConnect Logitech presents an enticing proposition for investors seeking long-term capital appreciation and exposure to a thriving industry.
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