GConnect Logitech and Supply Chain Limited IPO

Incorporated in July 2022, Gconnect Logitech and Supply Chain Limited provides surface logistics services, including goods transport.

The company’s service offerings include bulk loads, Full Truck Loads (FTL) service, and dedicated loads.

The company has an asset-light model and works with third parties to provide necessary assets, such as vehicles.

As of September 30, 2023, the company serves approximately 24 customers, with over 8 customers having been associated with them for more than 4 years.

As of Oct. 30, 2023, the company had partnered with 4 fleet management firms and had 23 vehicles of various sizes to meet customer needs.

As of March 2024, the company has a total of 6 employees in various departments.

 

GConnect Logitech and Supply Chain Limited Financial Information (Restated)

Period Ended30 Sep 202331 Mar 2023
Assets423.2582.46
Revenue212.57101.03
Profit After Tax22.8310.86
Net Worth398.1577.51
Reserves and Surplus166.2960.10
Amount in ₹ Lakhs

Objects of the Issue (GConnect Logitech IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

  1. Purchase of Vehicles and Body Building;
  2. Finance the Website Development and App Designing; and
  3. General Corporate Purpose.

GConnect Logitech IPO Timeline (Tentative Schedule)

GConnect Logitech IPO opens on March 26, 2024, and closes on March 28, 2024.

IPO Open DateTuesday, March 26, 2024
IPO Close DateThursday, March 28, 2024
Basis of AllotmentMonday, April 1, 2024
Initiation of RefundsTuesday, April 2, 2024
Credit of Shares to DematTuesday, April 2, 2024
Listing DateWednesday, April 3, 2024
Cut-off time for UPI mandate confirmation5 PM on March 28, 2024

SHARIAH SCREENING for - GConnect Logitech and Supply Chain Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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