Eastern Logica Infoway Limited IPO
Incorporated in 1995, Eastern Logica Infoway Limited is engaged in the business of multi-brand retail and retail selling. They also operate as a distributor of branded smartphones, IT hardware, software and allied accessories and services.
Another domain that Eastern Logica Infoway captures is providing networking and security solutions to the end customers. The company has built a strong presence in the market in the 25 years of its operations.
Eastern Logica Infoway has spread its operations in different parts of India and has established 4 offices, 11 retail stores, 2 distribution centres and virtual offices across 11 cities in the Country. They operate on a lease rental model with a focus on securing retail spaces, ensuring high visibility and easy accessibility to customers.
The company has built a strong chain of customers and some of its customers are – Eshaa Communication Private Limited, Checkers India Technology Private Limited, Balaji Solutions Limited, Aakanksha Distributors Private Limited, and Fareast Exim Venture Private Limited.
Eastern Logica Infoway can be located in West Bengal, Delhi, Haryana, Karnataka, Telangana, Maharashtra, Gujarat, and Tamil Nadu.
The company’s services are divided into four broad categories:
- Retail
- Services
- E-Commerce
- Distribution
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 8490.92 | 49882.84 | 181.62 | 2832.66 | 2622.68 | 2931.84 |
| 31-Mar-21 | 10324.43 | 44702.9 | 233.59 | 3126.02 | 2911.37 | 4413.71 |
| 31-Mar-22 | 12663.71 | 61558.01 | 285.34 | 3470.3 | 3251.65 | 5967.53 |
| 30-Sep-22 | 12561.79 | 30504.16 | 133.14 | 3603.44 | 3384.79 | 5694.82 |
| Amount in ₹ Lakhs | ||||||
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Fresh Offer towards funding the following objects:
- Funding working capital requirements;
- General corporate purposes.
Eastern Logica Infoway IPO Tentative Timetable
Eastern Logica Infoway IPO opens on Jan 5, 2023, and closes on Jan 9, 2023
| Event | Tentative Date |
|---|---|
| Opening Date | Jan 5, 2023 |
| Closing Date | Jan 9, 2023 |
| Basis of Allotment | Jan 12, 2023 |
| Initiation of Refunds | Jan 13, 2023 |
| Credit of Shares to Demat | Jan 16, 2023 |
| Listing Date | Jan 17, 2023 |
