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GConnect Logitech IPO
GConnect Logitech is launching its IPO, offering 14.01 lakh fresh shares at a fixed price of Rs 40 per share, totalling Rs 5.60 crores. The IPO subscription window opens on March 26, 2024, and closes on March 28, 2024. Allotment is anticipated to be completed by April 1, 2024. GConnect Logitech IPO is set to list on BSE SME on April 3, 2024. (GConnect Logitech IPO RHP Related Documents)
For retail investors, the minimum investment required is Rs 120,000, which corresponds to the minimum lot size of 3000 shares. High Net Worth Individuals (HNIs) are required to invest a minimum of 2 lots, equivalent to 6,000 shares, amounting to Rs 240,000.
Fedex Securities Pvt Ltd is the book-running lead manager for the GConnect Logitech IPO, while Kfin Technologies Limited is the registrar for the issue. Aftertrade Share Broking serves as the market maker for GConnect Logitech IPO.
Here are more details about the GConnect Logitech IPO
| IPO Date | March 26, 2024 to March 28, 2024 |
|---|---|
| Listing Date | Wednesday, April 3, 2024 (Expected) |
| 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) | |
| Fresh Issue | 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 |
Important Dates GConnect Logitech and Supply Chain Limited IPO (Expected)
- 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
- Cut-off time for UPI mandate confirmation: 5 PM on March 28, 2024
Read More –Naman In-Store (India) Limited IPO: Know Full Details, GMP, Subscriptions Status
Subscription Status Of GConnect Logitech IPO
| Category | Subscription Times |
|---|---|
| Qualified Institutional Buyers | 0x (Coming Soon) |
| Retail Individual Investors | 0x (Coming Soon) |
| Non-Institutional Investors | 0x (Coming Soon) |
| Others | 0x (Coming Soon) |
| Total | 0x (Coming Soon) |
Day Wise Subscription Status
| Date | QIB | RII | NII | Total |
| Day 1 | (Coming Soon) | (Coming Soon) | (Coming Soon) | (Coming Soon) |
| Day 2 | (Coming Soon) | (Coming Soon) | (Coming Soon) | (Coming Soon) |
| Day 3 | (Coming Soon) | (Coming Soon) | (Coming Soon) | (Coming Soon) |
GMP (Gray Maret Price) Of GConnect Logitech IPO
| Date | GMP (Gray Maret Price) |
| Day 1 | (Coming Soon) |
| Day 2 | (Coming Soon) |
| Day 3 | (Coming Soon) |
Shareholding Pattern
The promoters of GConnect Logitech are Mr. Jigar Vinodbhai Sheth and Mr. Vinod Venilal Sheth. The shareholding pre-issue stands at 76.76%, while post-issue it decreases to 47.85%.
Know the GConnect Logitech and Supply Chain Limited
A distinguished leader in intelligent transport solutions and logistics, GConnect Logitech and Supply Chain Ltd. has embarked upon a remarkable journey since its inception in 2022, earning a reputation as a reliable logistics service provider to global leaders across diverse industries.
Mission And Vision: The company expresses its vision for a strategic move into the future by developing its online portal, which is expected to revolutionize logistics. They envision that the platform will cater to the demand of both public and corporate entities, providing seamless booking services for inbound and outbound logistics, thus facilitating the transportation of goods.
