
Emerging SME Services · BSE
Gconnect Logitech and Supply Chain Limited, incorporated in July 2022, is a growing player in the surface logistics sector, specializing in goods transportation through an asset-light model. By partnering with third-party fleet management firms, the company ensures efficient and reliable logistics solutions tailored to client needs, including bulk loads, Full Truck Loads (FTL), and dedicated loads. With a diverse fleet of 23 vehicles as of October 2023 and a loyal customer base of approximately 24 clients—over 8 of whom have been associated with the company for more than four years—Gconnect Logitech has established itself as a trusted logistics provider. Operating with a streamlined team of 6 employees as of March 2024, the company remains committed to delivering exceptional service, strengthening partnerships, and expanding its footprint in the competitive transportation industry.
Price Band
₹40
Issue Size
₹5.60 Cr
Lot Size
3000 shares
GMP
+22.5%
Est. Listing
₹49
at current GMP
Subscribed
57.44x
overall
Open
26 Mar 2024
Close
28 Mar 2024
Allotment
1 Apr 2024
Refund
2 Apr 2024
Demat Credit
3 Apr 2024
Listing
3 Apr 2024
Designated Registrar: Kfin Technologies Limited
Allotment Date
1 Apr 2024
Basis finalization
Refunds Initiate
2 Apr 2024
Mandate release
Demat Credit
3 Apr 2024
Shares in demat
Listing Debut
3 Apr 2024
Trading begins
GConnect Logitech and Supply Chain Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹5.6 Crores. The shares are offered at a price band of ₹40 to ₹40 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.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,20,000 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 will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-04-03, while un-allotted funds or UPI block mandates will be released on 2024-04-02.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.