Eastern Logica Infoway IPO GMP, Price, Dates & Allotment Details 2023
Eastern Logica Infoway IPO opens on January 5 and closes on January 9, 2023. According to the DRHP filed in SEBI, the company is planning to raise about ₹ 16.94 crore through this public issue by issuing 753,000 shares of face value of ₹ 10 each at a price of ₹ 225 per share. Consists of fresh issue of 664,200 shares aggregating up to ₹ 14.94 crore and offer for sale of 88,800 shares aggregating up to ₹ 2 crore.
Incorporated in 1995. Eastern Logica Infoway Ltd. distributes branded smart phones, IT hardware, software, and related accessories and services, as well as engages in multi-brand retail and retail selling. Additionally, the business offers its clients networking and security solutions.
Eastern Logica Infoway Ltd. had 8 physical stores, 3 distribution hubs, and virtual offices spread throughout 11 locations as of August 31, 2022. The company’s business strategy is built on the lease rental model since it prioritises securing retail premises, guaranteeing great visibility, and making sure customers can easily reach them.
The business mostly operates across
- Retail,
- Services
- Distribution and
- Platforms for branded smart phones, services, and online sales of IT equipment and accessories
Objects of the Issue
The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:
- Funding working capital requirements;
- General corporate purposes.
Financial Highlights (Consolidated)
| Particulars | Period ended on 30th September 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 3603.44 | 3470.30 | 3126.02 | 2832.66 |
| Total Assets | 12561.79 | 12663.71 | 10324.43 | 8490.92 |
| Total Revenue | 30504.16 | 61558.01 | 44702.90 | 49882.84 |
| Profit After Tax | 133.14 | 285.34 | 233.59 | 181.62 |
| Total Borrowings | 5694.82 | 5967.53 | 4413.71 | 2931.84 |
Eastern Logica Infoway IPO – Details
According to the DRHP filed in SEBI, the company is planning to issue 753,000 shares of ₹ 10 each aggregating up to ₹ 16.94 Crore.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 225 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 600 shares |
| Issue Size | 753,000 shares of ₹ 10 (Aggregating up to ₹ 16.94 Crore) |
| Fresh Issue | 664,200 shares of ₹ 10 (Aggregating up to ₹ 14.94 Crore) |
| Offer for Sale | 88,800 shares of ₹ 10 (Aggregating up to ₹ 2.00 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Listing At | BSE SME |
| Promoters | 1. Gaurav Goel 2. Shweta Goel |
GMP – Eastern Logica Infoway IPO
Eastern Logica Infoway IPO GMP or Grey Market Premium are available here. The IPO GMP Premium updated day by day for IPOs running period and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – Eastern Logica Infoway IPO
Eastern Logica Infoway IPO opens on January 5 and closes on January 9, 2023.
| Opening Date | January 5, 2023 |
| Closing Date | January 9, 2023 |
| Basis of Allotment | January 12, 2023 |
| Initiation of Refunds | January 13, 2023 |
| Credit of shares to Demat A/c | January 16, 2023 |
| Listing Date | January 17, 2023 |
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Lot Size – Eastern Logica Infoway IPO
The Eastern Logica Infoway IPO lot size is 600 shares. A retail-individual investor can apply for up to 1 lot i.e. 600 shares of ₹ 135,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 600 | ₹ 135,000 |
| Retail (Maximum) | 1 | 600 | ₹ 135,000 |
| HNI (Minimum) | 2 | 1,200 | ₹ 270,000 |
Promoters Holdings – Eastern Logica Infoway IPO
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | 73.59% |
SWOT Analysis – Eastern Logica Infoway IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Strategically located business outlets and offices. 2. Company scale of operations along with its long-standing relationship with leading brands and consumers enables to earn better margins. 3. Robust customer service support, timely delivery & installation support. | 1. Outstanding legal proceedings against Company, Promoters, Promoters Group and Group Companies. 2. Company stores and distribution centres are concentrated mainly in West Bengal and Delhi. 3. Company heavily reliant on online marketplaces for the sale of its products. |
| OPPORTUNITIES | THREATS |
| 1. The Company can generate more revenue by spreading our stores and distribution centres across different cities in India. 2. Indian consumers are increasingly adopting 5G smartphones even before the rollout of the next-gen mobile broadband technology in the country. According to a report published by IAMAI and Kantar Research, India’s internet users are expected to reach 900 million by 2025 from ~622 million internet users in 2020, increasing at a CAGR of 45% until 2025. | 1. Changing customer preference. 2. Change in technology. 3. Competitions from organised and unorganised players |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Eastern Logica Infoway Limited 2 Saklat Place 1st Floor,Kolkata, West Bengal 700072 Phone: 033 4058 0000 Email: [email protected] Website: http://www.easternlogica.com/ |
| IPO Registrar | KFin Technologies Limited Phone: 04067162222, 04079611000 Email: [email protected] Website: https://karisma.kfintech.com/ |
| IPO Lead Manager(s) | Oneview Corporate Advisors Private Limited |
FAQ’s
What is the Eastern Logica Infoway IPO price?
The Eastern Logica Infoway IPO price is ₹ 225 per share.
What will be the Eastern Logica Infoway IPO lot size?
One lot of Eastern Logica Infoway IPO contains 600 shares of ₹ 135,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Eastern Logica Infoway IPO allotment be available?
The finalization of Basis of Allotment for Eastern Logica Infoway IPO will be done on January 12, 2023, and the allotted shares will be credited to your demat account by January 16, 2023. Check the Eastern Logica Infoway IPO allotment status.
When will Eastern Logica Infoway IPO list on exchanges?
The Eastern Logica Infoway IPO shares listing date is January 17, 2023.
How many shares in Eastern Logica Infoway IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
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