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GConnect Logitech IPO
Price Band
₹
Issue Size
₹5.6 Cr
Lot Size
3,000 shares
Min Investment
₹120,000
GMP
+₹9.0 (22.5%)
Issue Price
₹40.0
Subject to Sauda
₹20500
Paid only if allotted
GConnect Logitech IPO AI Summary
- GConnect Logitech IPO is listed on BSE SME in the Logistics Solution Provider sector.
- Subscription window: 26 Mar–28 Mar 2024, listing on 03 Apr 2024.
- Current GMP is +₹9.0 (22.5%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
GConnect Logitech IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 28 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
GConnect Logitech IPO Grey Market Premium (GMP) Today
GMP
+₹9.0
GMP %
+22.5%
Est. Listing
₹49.0
Updated: 25 Jul 2026 14:06
About the Company
Incorporated in July 2022, Gconnect Logitech and Supply Chain Limited provides surface logistics services, including goods transport. The company's service offerings include bulk loads, Full Truck Loads (FTL) service, and dedicated loads. The company has an asset-light model and works with third parties to provide necessary assets, such as vehicles. As of September 30, 2023, the company serves approximately 24 customers, with over 8 customers having been associated with them for more than 4 years. As of Oct. 30, 2023, the company had partnered with 4 fleet management firms and had 23 vehicles of various sizes to meet customer needs. As of March 2024, the company has a total of 6 employees in various departments.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 4.23 | 0.82 |
| Total Income | 2.13 | 1.01 |
| Profit After Tax | 0.23 | 0.11 |
| NET Worth | 3.98 | 0.78 |
| Reserves and Surplus | 1.66 | 0.60 |
Key Ratios
EPS
₹26.64
NAV
₹17.17
ROE
5.73%
ROCE
7.67%
RoNW
5.73%
P/B Value
2.33
P/E Ratio
1.5
Market Cap
₹14.88 Cr
PAT Margin
11.22%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Shreeji Translogistics Ltd | 7.79 | 25.77% | 14.1 | 2.11 | 2.11 |
| Vrl Logistics Ltd | 110.46 | 39.72% | 29.01 | 18.8 | 18.8 |
| Ritco Logistics Ltd | 60.7 | 16.37% | 23.03 | 9.94 | 9.94 |
| GConnect Logitech and Supply Chain Limited This IPO | 44.51 | 14.01% | — | 26.64 | 26.64 |
Promoters
Jigar Vinodbhai Sheth and Vinod Venilal Sheth
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Purchase of Vehicles and Body Building 4.10 2 Finance the Website Development and App Designing; and 0.49 3 General Corporate Purpose 0.46
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹1.01 Cr for the period ending 31 Mar 2023, rising to ₹2.13 Cr by 30 Sep 2023. This indicates a growth in revenue over the reported periods.
Profit Trend
Profit After Tax was ₹0.11 Cr for the period ending 31 Mar 2023, increasing to ₹0.23 Cr by 30 Sep 2023. This reflects an upward trend in profitability.
Valuation
GConnect Logitech and Supply Chain Limited has an EPS of ₹26.64, which implies a P/E ratio of 1.5 at the issue price. This is significantly lower than its peers, which trade at P/E ratios ranging from 14.1 to 29.01.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the price at which shares are expected to trade in the unofficial market before listing. A positive GMP suggests that the market anticipates a higher listing price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It is essential to consider the company's growth prospects and market conditions.
Who May Want to Wait
Investors who prefer stable and established companies or those averse to the inherent risks associated with new market entrants may want to avoid this IPO.
Listing Gains — The Risk
Listing gains can be unpredictable and depend on various factors, including market conditions and investor sentiment. It is essential to understand that while some IPOs may experience significant gains on listing day, others may not perform as well.
This evaluation is generated from GConnect Logitech's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is GConnect Logitech IPO GMP today?
GConnect Logitech IPO GMP today is +₹9.0 (22.5%). GMP is an unofficial grey-market indicator and can change daily.
When does GConnect Logitech IPO open and close?
GConnect Logitech IPO opens on 26 March 2024 and closes on 28 March 2024.
When does GConnect Logitech IPO list on the stock exchange?
GConnect Logitech IPO listed on 03 April 2024 at ₹49.0.
What is the lot size for GConnect Logitech IPO?
The lot size for GConnect Logitech IPO is 3000 shares, requiring a minimum investment of ₹120,000.
What is the lot size for this IPO?
The lot size for GConnect Logitech's IPO is 3000 shares.
What is the minimum investment required?
The minimum investment required is ₹120,000.
What is the issue price of the shares?
The issue price is ₹40.0 per share.
When does the IPO open and close?
The IPO opens on March 26, 2024, and closes on March 28, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of the shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Mar 2024
Close
28 Mar 2024
Allotment
01 Apr 2024
Listing
03 Apr 2024
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