GConnect Logitech and Supply Chain Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹40 - ₹40
- Lot size
- 3,000 shares
- Issue amount
- ₹5.6 cr
- Total subscription
- 57.44×
- Opens
- 26 Mar 2024
- Closes
- 28 Mar 2024
- Allotment
- 1 Apr 2024
- Listing
- 3 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 14,01,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹5.6 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 23,18,547
- Shares after issue
- 37,19,547
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,20,000 |
| HNI | 2 | 6,000 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 2.65 | 190.25 |
| NIB | 2.65 | 114.42 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 1.35 | 26.64 | 0 |
| ROE | 5.73 | 14.01 | 9.25 |
| ROCE | 7.67 | 18.7 | 12.51 |
| RONW | 5.73 | 14.01 | 9.25 |
| PRE IPO(PE) | 2.33 | 0 | 0 |
| POST IPO(PE) | 1.5 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Gconnect Logitech and Supply Chain Limited, incorporated in July 2022, is a growing player in the surface logistics sector, specializing in goods transportation through an asset-light model. By partnering with third-party fleet management firms, the company ensures efficient and reliable logistics solutions tailored to client needs, including bulk loads, Full Truck Loads (FTL), and dedicated loads. With a diverse fleet of 23 vehicles as of October 2023 and a loyal customer base of approximately 24 clients—over 8 of whom have been associated with the company for more than four years—Gconnect Logitech has established itself as a trusted logistics provider. Operating with a streamlined team of 6 employees as of March 2024, the company remains committed to delivering exceptional service, strengthening partnerships, and expanding its footprint in the competitive transportation industry.
Strengths
- Strong Customer Retention: Long-term relationships with customers demonstrate trust, service reliability, and customer satisfaction, which are crucial for sustained business growth.
- Reliable Supplier Network: Established partnerships with fleet management firms ensure consistent vehicle availability, enhancing the company’s ability to meet customer demands efficiently.
- Asset-Light Model: The company’s asset-light approach minimizes capital investments and operational costs, allowing for greater financial flexibility and scalability in a dynamic logistics market.
Risk factors
- Limited Track Record: The company's recent formation and acquisition-based growth strategy make it difficult for investors to assess long-term financial performance and operational stability.
- Cash Flow Concerns: Historical negative cash flows raise questions about liquidity and financial sustainability, potentially affecting day-to-day operations and future growth plans.
- Legal and Regulatory Uncertainty: Ongoing litigation involving directors and promoters introduces risks of financial penalties and reputational damage, which could impact investor confidence and business operations.
Promoters
Mr. Jigar Vinodbhai Sheth
Mr. Vinod Venilal Sheth.
Registrar & documents
Lead manager
Fedex Securities Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Shop No. 6, Sadguru Complex, Nari Chowkadina, Bhavnagar – 364 001
+91 93777 74949
[email protected]Company website ↗Understanding GCONNECT IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.