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

Jan 5, 2023 - Jan 9, 2023

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
31-Mar-208490.9249882.84181.622832.662622.682931.84
31-Mar-2110324.4344702.9233.593126.022911.374413.71
31-Mar-2212663.7161558.01285.343470.33251.655967.53
30-Sep-2212561.7930504.16133.143603.443384.795694.82
Amount in ₹ Lakhs

Objects of the Issue

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 Details

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 Size753,000 shares of ₹10
(aggregating up to ₹16.94 Cr)
Fresh Issue664,200 shares of ₹10
(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
NII (HNI) Shares Offered50.00% of the net offer
Retail Shares Offered50.00% of the net offer
Market MakerNIKUNJ STOCK BROKERS LIMITED
Company Promoters

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

Eastern Logica Infoway IPO Tentative Timetable

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

Eastern Logica Infoway IPO Lot Size

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

Eastern Logica Infoway IPO Promoter Holding

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

Eastern Logica Infoway IPO Review

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 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)

CategorySubscription (times)
NII1.92
Retail1.56
Total1.74

Eastern Logica Infoway IPO Prospectus

Eastern Logica Infoway IPO Rating

73
2.8
Rating:Rated 2.8 stars
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Eastern Logica Infoway IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹225.00
₹270.00
₹256.50
₹283.50
₹283.50

Company Contact Information

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/

Eastern Logica Infoway IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: easternlogica.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Eastern Logica Infoway IPO Review

Eastern Logica Infoway IPO Recommendation Summary

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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 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

  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 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.

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