Gconnect Logitec IPO

Gconnect Logitech & Supply Chain Ltd

₹1,20,000 /3000 sharesMinimum Investment

Gconnect Logitec IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
26 Mar ‘24 - 28 Mar ‘24₹1,20,0003,000₹40 - ₹40
Issue Size
5.60Cr

About Gconnect Logitec

Gconnect Logitech & Supply Chain Ltd is engaged in the business of providing surface logistics services viz. goods transport services. The Company offers its services to other logistic companies, including surface logistic companies and to direct customers. The range of services offered by the Company includes bulk load, Full Truck Load (FTL) service and dedicated load. Under bulk load, the Company offers bulk transportation service to large sized Companies through their transport contractors, Full Truck Load (FTL) service to retailers and traders, wherein the Company provides point to point services to the customers in which the goods are loaded from the premises of the customer and are delivered to the delivery point as specified by them (i.e. factory/warehouse). The Company also provide dedicated load service, which includes multiple pick-ups and drops. The Company mainly serves transport contractors and industrial customers, who have requirement to transport bulk quantities of their goods from one place to another within India. ;
Parent organisation
Gconnect Logitech & Supply Chain Ltd

Strengths & Financials of Gconnect Logitec

Strengths
Risks
Experienced Promoters and Management Team.
Well-defined organizational structure.
Longstanding and Diverse customer base.
Existing Supplier Relationship.
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.

Gconnect Logitec Financials

*All values are in Rs. Cr
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Application Details of Gconnect Logitec IPO

Apply asPrice bandApply Range
Regular40 - 40₹2 - 5 Lakh
High Networth Individual40 - 40₹2 - 5 Lakh
For Gconnect Logitec IPO, eligible investors can apply as Regular.