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Eastern Logica Infoway Limited IPO (Eastern Logica Infoway IPO) Detail

January 5, 2023 - January 9, 2023

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 Private Limited 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.

Eastern Logica Infoway IPO Details

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 Size753,000 shares
(aggregating up to ₹16.94 Cr)
Fresh Issue664,200 shares
(aggregating up to ₹14.94 Cr)
Offer for Sale88,800 shares of ₹10
(aggregating up to ₹2.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion39,000 shares
Nikunj Stock Brokers

Eastern Logica Infoway IPO Reservation

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 Offered39,000 (5.18%)
Other Shares Offered357,000 (47.41%)
Retail Shares Offered357,000 (47.41%)
Total Shares Offered753,000 (100%)

Eastern Logica Infoway IPO Timeline (Tentative Schedule)

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

Eastern Logica Infoway IPO Lot Size

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

Eastern Logica Infoway IPO Promoter Holding

Gaurav Goel and Shweta Goel are the Promoters of the Company.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 73.59%

About Eastern Logica Infoway Limited

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:

  1. Retail
  2. Services
  3. E-Commerce
  4. Distribution

Company Financials

Eastern Logica Infoway Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Eastern Logica Infoway IPO is Rs 64.14 Cr.

Pre IPO Post IPO
P/E (x) 24.09

Objects of the Issue (Eastern Logica Infoway IPO Objectives)

The Company proposes to utilise the Net Proceeds from the Fresh Offer towards funding the following objects:

  1. Funding working capital requirements;
  2. General corporate purposes.

Eastern Logica Infoway IPO Review (Avoid)

[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...

Eastern Logica Infoway IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Eastern Logica Infoway IPO Prospectus

Eastern Logica Infoway IPO Rating

Rating:Rated 2.8 stars
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Eastern Logica Infoway IPO Listing Details

Listing Date January 17, 2023
BSE Script Code 543746
NSE Symbol
Final Issue Price ₹225 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Eastern Logica Infoway Limited Contact Details

Eastern Logica Infoway Limited
2 Saklat Place
1st Floor,
Kolkata, West Bengal 700072
Phone: 033 4058 0000

Eastern Logica Infoway IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Eastern Logica Infoway IPO - Buy or Not

Eastern Logica Infoway IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 3

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Eastern Logica Infoway IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Eastern Logica Infoway IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Eastern Logica Infoway IPO listing date is on January 17, 2023.
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Eastern Logica Infoway IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



47. shah aditya |   Link |  Bookmark |January 18, 2023 8:47:39 AM
buy for 500 rs target in one year
47.1. IPO MILNE WALA HAI😜 |   Link |  Bookmark |February 5, 2023 2:28:32 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
46. Gaurav DD dimer |   Link |  Bookmark |January 17, 2023 7:14:44 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
All the best for Listing
46.11. Arca |   Link |  Bookmark |January 21, 2023 11:43:15 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
@mravi sir Unfortunately i am not holding sabar, i don't even remember buying it. Congrats for today's gain and profit booking.

did you buy any old sme stock recently?
46.12. MRavichandran |   Link |  Bookmark |January 23, 2023 6:08:13 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
Ohh my mistake (or you may be sold sabar already 😜)

Yes, recently bought few old SME’s like
JSLL, NRL, Mega flex, Ameya, Kandarp..etc

45. PKRAJ |   Link |  Bookmark |January 17, 2023 9:59:42 AM
Better listing than expected. Even CG was showing flay listing. But low volume in comparison to other SMEs. Touched LC and UC in less than one hour of trading. Subscription figures were not good at all.
Congrats to those who sold at opening and at UC. May touch LC again and continue the same.
Good market seems that helped a better listing.
Really it's time of SMEs.
45.1. nainesh kela |   Link |  Bookmark |January 17, 2023 11:28:32 AM
Done sold at 279. Profit of nearly 32000 which is good i believe. The history of the SME IPOs reveals the fact that most of them have given decent listing gains ofcourse with few exceptions.No one can actually predict what is going to happen. Who knows You may also see this stock flying high in next couple of days,
44. Elon Rusk |   Link |  Bookmark |January 17, 2023 8:45:41 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Listing at 270 but volume is very very less in PreOpen. so high chances of LC
44.1. Elon Rusk |   Link |  Bookmark |January 17, 2023 9:02:22 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Done. LC hit within 1 min of listing
43. sahab |   Link |  Bookmark |January 17, 2023 8:39:42 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Good 3000 profit
Good listing
43.2. Takamichi |   Link |  Bookmark |January 17, 2023 8:46:26 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Barely anybody has sold it..... Even if it has listed at high price, it doesn't matter if bulk of the retailers havent got out with profit
43.3. Rohan Bajaj |   Link |  Bookmark |January 17, 2023 8:48:05 AM (300+ Posts)
It's 27000 bumper profit
42. Abhii VPG |   Link |  Bookmark |January 17, 2023 8:47:25 AM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Amazing listing 💣
41. shah aditya |   Link |  Bookmark |January 17, 2023 8:41:16 AM
buy for 1000 rs target in 1 year
41.1. Elon Rusk |   Link |  Bookmark |January 17, 2023 8:46:06 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
You mean For the whole lot?
40. Trueinfo |   Link |  Bookmark |January 17, 2023 8:45:58 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Listing at 270/-
20% up
39. sahab |   Link |  Bookmark |January 17, 2023 8:45:51 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
27000 profit final wahoo
38. sahab |   Link |  Bookmark |January 17, 2023 8:44:43 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
24000plus profit wahoo
37. Takamichi |   Link |  Bookmark |January 17, 2023 8:29:21 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Barely any volume..... Looks like it has been listed for month and it's one of daily pre-open
36. ARJUN'S EYE |   Link |  Bookmark |January 17, 2023 8:03:06 AM
IPO Mentor IPO Mentor (700+ Posts, 600+ Likes)
Today Listing Eastern Logica Infoway Ltd. BSE SME IPO

BSE Code :- 543746
Symbol :- ELIL
ISIN :- INE0BSU01018
LOT SIZE :- 600 Shares
Issue Price :- 225/-
Listing At :- BSE SME
35. Gaurav DD dimer |   Link |  Bookmark |January 12, 2023 9:59:50 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Allotment Today.
Good Luck.
35.1. Gaurav DD dimer |   Link |  Bookmark |January 15, 2023 6:05:01 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Retail 595 Application Got allotment /out of 930 Application

HNI - 67 Application got allotment out of 67 Application.

Max Allotment - 34 Lots other than market maker.
34. Hober |   Link |  Bookmark |January 10, 2023 3:38:40 PM
'way' was suffixed in 90's, just like 'tech' now a days. Way was tech of 90s and easily 2000. Reminds me of a lot of companies. 90's people can respond.
34.1. Xihis Picerz |   Link |  Bookmark |January 11, 2023 3:16:53 PM
Good analysis, But no way is there.
33. No trade |   Link |  Bookmark |January 10, 2023 7:20:36 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Not applied.
32. kml |   Link |  Bookmark |January 9, 2023 3:32:47 PM (300+ Posts)
Mere ko lag raha he ki ye listing day par pakka daav karega
31. PKRAJ |   Link |  Bookmark |January 9, 2023 3:13:23 PM
Highly priced and highly indebted company, with negative GMP is subscribed. No doubt the subscription figures at par and, therefore, not attractive. These figures give an impression that the IPO successfully managed.
Such an old company came with SME, itself shows the progress of the company and the outcome thereafter. Not applied at all.
Good luck to the members who dare to apply.
30. Elon Rusk |   Link |  Bookmark |January 9, 2023 2:38:35 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Surprisingly even with no recommendation, Negative GMP, issue is fully subscribed even from Retail investors
30.1. Trueinfo |   Link |  Bookmark |January 9, 2023 3:10:08 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
That's because some people have made it a principle to apply each and every IPO regardless of it's GMP and financials. Some of them may be hit unexpectedly.
29. G profit |   Link |  Bookmark |January 9, 2023 10:15:02 AM
IPO Mentor IPO Mentor (1000+ Posts, 200+ Likes)
To, Team You have been constantly upgrading and updating the website fantastically. The recent change in which you have shown- Issue closing today- is really appreciable. Keep it up, keep serving, keep growing
29.4. Mr. Singh |   Link |  Bookmark |January 9, 2023 1:54:48 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
see how few people trolled me for the request I made to admin 🥲
29.5. Mr. Singh |   Link |  Bookmark |January 9, 2023 1:55:21 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
28. SMEIPOKING |   Link |  Bookmark |January 9, 2023 1:49:24 PM
24 PE.....................A V O I D

Anything above 15 is risky, so it has potential to fall down 40% from IPO price.