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Eastern Logica Infoway IPO is a fixed price issue of Rs 16.94 crores. The issue is a combination of fresh issue of 6.64 lakh shares aggregating to Rs 14.94 crores and offer for sale of 0.89 lakh shares aggregating to Rs 2.00 crores.
Eastern Logica Infoway IPO bidding started from January 5, 2023 and ended on January 9, 2023. The allotment for Eastern Logica Infoway IPO was finalized on Thursday, January 12, 2023. The shares got listed on BSE SME on January 17, 2023.
Eastern Logica Infoway IPO price is ₹225 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹270,000.
Oneview Corporate Advisors Pvt. Ltd. is the book running lead manager of the Eastern Logica Infoway IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Eastern Logica Infoway IPO is Nikunj Stock Brokers.
Refer to Eastern Logica Infoway IPO RHP for detailed information.
| IPO Date | January 5, 2023 to January 9, 2023 |
| Listing Date | January 17, 2023 |
| Face Value | ₹10 per share |
| Price | ₹225 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 753,000 shares (aggregating up to ₹16.94 Cr) |
| Fresh Issue | 664,200 shares (aggregating up to ₹14.94 Cr) |
| Offer for Sale | 88,800 shares of ₹10 (aggregating up to ₹2.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,186,469 |
| Share holding post issue | 2,850,669 |
| Market Maker portion | 39,000 shares Nikunj Stock Brokers |
Eastern Logica Infoway IPO offers 753,000 shares. 357,000 (47.41%) to NII, 357,000 (47.41%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 39,000 (5.18%) |
| Other Shares Offered | 357,000 (47.41%) |
| Retail Shares Offered | 357,000 (47.41%) |
| Total Shares Offered | 753,000 (100%) |
Eastern Logica Infoway IPO opens on January 5, 2023, and closes on January 9, 2023.
| IPO Open Date | Thursday, January 5, 2023 |
| IPO Close Date | Monday, January 9, 2023 |
| Basis of Allotment | Thursday, January 12, 2023 |
| Initiation of Refunds | Friday, January 13, 2023 |
| Credit of Shares to Demat | Monday, January 16, 2023 |
| Listing Date | Tuesday, January 17, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 9, 2023 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| HNI (Min) | 2 | 1,200 | ₹270,000 |
| Lot Size Calculator | |||
Gaurav Goel and Shweta Goel are the Promoters of the Company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.59% |
Incorporated in 1995, Eastern Logica Infoway Limited is engaged in the business of multi-brand retail and retail selling. They also operate as a distributor of branded smartphones, IT hardware, software and allied accessories and services.
Another domain that Eastern Logica Infoway captures is providing networking and security solutions to the end customers. The company has built a strong presence in the market in the 25 years of its operations.
Eastern Logica Infoway has spread its operations in different parts of India and has established 4 offices, 11 retail stores, 2 distribution centres and virtual offices across 11 cities in the Country. They operate on a lease rental model with a focus on securing retail spaces, ensuring high visibility and easy accessibility to customers.
The company has built a strong chain of customers and some of its customers are - Eshaa Communication Private Limited, Checkers India Technology Private Limited, Balaji Solutions Limited, Aakanksha Distributors Private Limited, and Fareast Exim Venture Private Limited.
Eastern Logica Infoway can be located in West Bengal, Delhi, Haryana, Karnataka, Telangana, Maharashtra, Gujarat, and Tamil Nadu.
The company's services are divided into four broad categories:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 8490.92 | 49882.84 | 181.62 | 2832.66 | 2622.68 | 2931.84 |
| 31-Mar-21 | 10324.43 | 44702.9 | 233.59 | 3126.02 | 2911.37 | 4413.71 |
| 31-Mar-22 | 12663.71 | 61558.01 | 285.34 | 3470.3 | 3251.65 | 5967.53 |
| 30-Sep-22 | 12561.79 | 30504.16 | 133.14 | 3603.44 | 3384.79 | 5694.82 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Eastern Logica Infoway IPO is Rs 64.14 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 24.09 |
The Company proposes to utilise the Net Proceeds from the Fresh Offer towards funding the following objects:
[Dilip Davda] The company is in a highly competitive multi-brand retailing and distribution segment. Though it posted growth in its top line, its margins are under pressure. Based on its financial data so far, the issue appears aggressively priced. Small paid-up equity capital base post IPO indicates longer gestation for migration to the mainboard. There is no harm in skipping this pricey bet. Read detail review...
The Eastern Logica Infoway IPO is subscribed 1.74 times on January 9, 2023 3:41:00 PM. The public issue subscribed 1.56 times in the retail category, times in the QIB category, and 1.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.92 |
| Retail | 1.56 |
| Total | 1.74 |
| Listing Date | January 17, 2023 |
| BSE Script Code | 543746 |
| NSE Symbol | |
| ISIN | INE0BSU01018 |
| Final Issue Price | ₹225 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹225.00 |
| ₹270.00 |
| ₹256.50 |
| ₹283.50 |
| ₹283.50 |
Eastern Logica Infoway Limited
2 Saklat Place
1st Floor,
Kolkata, West Bengal 700072
Phone: 033 4058 0000
Email: cs@easternlogica.com
Website: http://www.easternlogica.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: easternlogica.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Eastern Logica Infoway IPO is a SME IPO of 753,000 equity shares of the face value of ₹10 aggregating up to ₹16.94 Crores. The issue is priced at ₹225 per share. The minimum order quantity is 600 Shares.
The IPO opens on January 5, 2023, and closes on January 9, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Eastern Logica Infoway IPO using UPI as a payment gateway. Zerodha customers can apply in Eastern Logica Infoway IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Eastern Logica Infoway IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Eastern Logica Infoway IPO opens on January 5, 2023 and closes on January 9, 2023.
Eastern Logica Infoway IPO lot size is 600 Shares, and the minimum amount required is ₹135,000.
You can apply in Eastern Logica Infoway IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Eastern Logica Infoway IPO will be done on Thursday, January 12, 2023, and the allotted shares will be credited to your demat account by Monday, January 16, 2023. Check the Eastern Logica Infoway IPO allotment status.
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