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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 Company proposes to utilise the Net Proceeds from the Fresh Offer towards funding the following objects:
| IPO Date | Jan 5, 2023 to Jan 9, 2023 |
| Listing Date | Tuesday, January 17, 2023 |
| Face Value | ₹10 per share |
| Price | ₹225 per share |
| Lot Size | 600 Shares |
| Issue Size | 753,000 shares of ₹10 (aggregating up to ₹16.94 Cr) |
| Fresh Issue | 664,200 shares of ₹10 (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 |
| NII (HNI) Shares Offered | 50.00% of the net offer |
| Retail Shares Offered | 50.00% of the net offer |
| Market Maker | NIKUNJ STOCK BROKERS LIMITED |
| Company Promoters | Gaurav Goel and Shweta Goel are the Promoters of the Company. |
Eastern Logica Infoway IPO opens on Jan 5, 2023, and closes on Jan 9, 2023. The Eastern Logica Infoway IPO bid date is from Jan 5, 2023 10.00 A.M. to Jan 9, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Jan 5, 2023 |
| Closing Date | Jan 9, 2023 |
| Basis of Allotment | Jan 12, 2023 |
| Initiation of Refunds | Jan 13, 2023 |
| Credit of Shares to Demat | Jan 16, 2023 |
| Listing Date | Jan 17, 2023 |
The Eastern Logica Infoway IPO lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹135,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| HNI (Min) | 2 | 1,200 | ₹270,000 |
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.59% |
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 Jan 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) |
|---|---|
| NII | 1.92 |
| Retail | 1.56 |
| Total | 1.74 |
| Listing Date | Tuesday, January 17, 2023 |
| BSE Script Code | 543746 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE0BSU01018 |
| IPO Price | ₹225 per share |
| Face Value | ₹10 per share |
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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://karisma.kfintech.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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 Jan 5, 2023, and closes on Jan 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 Jan 5, 2023 and closes on Jan 9, 2023.
Eastern Logica Infoway IPO lot size is 600 Shares and the minimum order quantity is .
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 Jan 12, 2023, and the allotted shares will be credited to your demat account by Jan 16, 2023. Check the Eastern Logica Infoway IPO allotment status.
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