Gconnect Logitech IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Gconnect Logitec

CMP

47.40

+0.94 (2.02%)

  • DRHP
₹40

Offer Price

₹ 5.60 Cr

Issue Size

₹ 1,20,000

Min Investment

3,000

Lot size

Time Line

  • 26
    Mar 2024
    Open
  • 28
    Mar 2024
    Close
  • 01
    Apr 2024
    Finalisation of Basis of Allotment
  • 02
    Apr 2024
    Initiation of Refunds
  • 02
    Apr 2024
    Transfer of Shares to Demat Account
  • 03
    Apr 2024
    Listing Date

Objects of the Offer

  • Enhance operational controls to ensure timely delivery.

  • Increase its network by introducing new services.

  • Continue to develop cordial relationship with its Suppliers, Customer and employees.

  • Developing proprietary logistics operating system.

  • Building a tech-based listing platform.

Products & Services

  • The Company is engaged in the business of providing surface logistics services viz. goods transport services.

Strengths

  • Experienced Promoters and Management Team.

  • Well-defined organizational structure.

  • Longstanding and Diverse customer base.

  • Existing Supplier Relationship.

  • Asset Light Business Model.

Risks

  • The Company has been formed specifically for the purpose of acquisition of the business of "Prithvi Enterprises" thus the company have limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.

  • Further, any future acquisition may not be beneficial to the Company, its may have to pay a certain amount of premium to the outgoing management / shareholders for synergic benefits that the company may accrue compared to valuations of those firms / businesses / companies. Its inability to identify suitable acquisition opportunities in the future, or adequately priced acquisitions, entering into agreement with such parties or obtaining the necessary financing to make such acquisitions could adversely affect its future growth.

  • Any disruptions to its logistics and transportation facilities could have a material adverse effect on the company`s business, financial condition, cash flows and results of operations.

  • The company is dependent on its customers` business performance and developments in their markets and industries and their continuing outsourcing of logistics operations.

  • The company is dependent on third party carriers and inland transportation companies to transport its client`s cargo.

Company Promoters

Promoters Holding

Issue For IPO
28.91%
Pre Holding

76.76%

Post Holding

47.85%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 0.11 (-) 1.01 (-) 14.01 (-)
Gross Profit 0.11 (-) 1.01 (-) 14.01 (-)
Net Income 0.11 (-) 1.01 (-) 14.01 (-)
Assets 0.11 (-) 1.01 (-) 14.01 (-)
Liabilities 0.11 (-) 1.01 (-) 14.01 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Gconnect Logitech & Supply Chain Ltd 1.01 0.11 0.78 0.01 14.01 0.00 44.52 16.40 0.00
Ritco Logistics Ltd 751.15 24.41 364.54 364.54 16.43 9.94 60.66 6.69 1.39
VRL Logistics Ltd 2,648.52 323.20 1,891.73 1,891.73 33.12 36.58 110.46 17.08 0.18
Shreeji Translogistics Ltd 200.88 10.99 108.64 108.64 25.81 2.11 8.12 10.11 0.86

Book Running Managers

  • Fedex Securities Pvt Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

Shop # 6 Sadguru Complex,
Nari Chowkadina,
Bhavnagar - 364001
Phone : +91 93777 74949 Email : contact@gconnectlogitech.com www.gconnectlogitech.com

Offer Related Information

Initial public issue* of 14,01,000 equity shares of face value Rs. 10/- each ("Equity Shares") of Gconnect Logitech and Supply Chain Limited ("The Company" or the "Issuer") for cash at a price of Rs. 40 per equity share (including a securities premium of Rs. 30 per equity share) ("Issue Price"), aggregating to Rs. 5.60 crores (the "Issue"). 75,000 equity shares aggregating to Rs. 0.30 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less... More

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