Eastern Logica Infoway Limited
ListedSMEInformation Technology & Retail · BSE
Incorporated in 1995, Eastern Logica Infoway Limited is engaged in multi-brand retail and distribution of branded smartphones, IT hardware, software, and allied accessories, along with offering networking and security solutions. With over 25 years of experience, the company has established a strong market presence through 4 offices, 11 retail stores, 2 distribution centres, and virtual offices across 11 cities in India, including West Bengal, Delhi, Haryana, Karnataka, Telangana, Maharashtra, Gujarat, and Tamil Nadu. Operating on a lease rental model, Eastern Logica ensures prime retail visibility and customer accessibility. Its major clients include Eshaa Communication Pvt. Ltd., Checkers India Technology Pvt. Ltd., Balaji Solutions Ltd., Aakanksha Distributors Pvt. Ltd., and Fareast Exim Venture Pvt. Ltd. The company’s operations span four segments — Retail, Services, E-Commerce, and Distribution.
Price Band
₹225
Issue Size
₹16.94 Cr
Lot Size
600 shares
GMP
₹3
+1.3%
Est. Listing
₹228
at current GMP
Subscribed
1.74x
overall
Open
5 Jan 2023
Close
9 Jan 2023
Allotment
13 Jan 2023
Refund
14 Jan 2023
Demat Credit
15 Jan 2023
Listing
17 Jan 2023
Last updated 12 days ago
Overall Subscription
1.74x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 376,444 | — | 0.00x |
| Non-Institutional (NII / HNI) | 112,933 | — | 0.00x |
| Retail Individual (RII) | 263,511 | — | 0.00x |
| Total | 752,888 | 0 | 1.74x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 439 | 764 | 1.74x |
| HNIs (10L +) | 3 | 5 | 1.67x |
| HNIs (2-10L) | 13 | 23 | 1.77x |
| Total Applications | 455 | 792 | 1.74x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Eastern Logica Infoway Limited Public Issue & Market Profile
Eastern Logica Infoway Limited is bringing an initial public offering (IPO) in the Information Technology & Retail sector with an aggregate issue size of ₹16.94 Crores. The shares are offered at a price band of ₹225 to ₹225 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 600 shares (approx. ₹1,35,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-01-15, while un-allotted funds or UPI block mandates will be released on 2023-01-14.
Frequently Asked Questions
What is Eastern Logica Infoway Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Eastern Logica Infoway Limited IPO is ₹3 per equity share. Based on the upper price band of ₹225 to ₹225 per equity share, the estimated listing price is ₹228 (+1.3% expected listing gain).
What is the expected profit per lot for Eastern Logica Infoway Limited IPO?
With a lot size of 600 shares and current GMP of ₹3, the expected profit per application lot is approx ₹1,800 (+1.3% gain). Minimum application cost is approx ₹1,35,000.
What is the issue size and price band for Eastern Logica Infoway Limited IPO?
The Eastern Logica Infoway Limited IPO aggregate issue size is ₹16.94 Crores with an equity price band set at ₹225 to ₹225 per equity share. The retail lot size is 600 shares requiring a minimum capital outlay of approx. ₹1,35,000.
How can I check Eastern Logica Infoway Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.74x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
Where and when will Eastern Logica Infoway Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2023-01-13. Investors can verify status using PAN card or application number.
When is the listing date for Eastern Logica Infoway Limited IPO?
Eastern Logica Infoway Limited shares are scheduled to list on BSE on 2023-01-17.