Eastern Logica Infoway IPO: GMP, Date, Price, Review, and Allotment
The initial public offering (IPO) for Eastern Logica Infoway will begin on January 5, 2023, and end on January 9, 2023. By going public on the BSE, small and medium-sized enterprise Eastern Logica Infoway hopes to raise 16.94 crores. The range for the Eastern Logica Infoway IPO price is 225, and the market lot size is 600 shares.
Branded smartphones, information technology (IT) hardware and software, and other products and services are all things that Eastern Logica Infoway Limited sells and distributes to its customers. The company also offers services related to consumer networking and safety. Retail, services, e-commerce, and distribution are the four pillars upon which the company is built.
With almost 25 years under its belt, this firm has been going strong since 1995. Through the opening of new stores, warehouses, and distribution hubs, as well as forays into e-commerce and the use of remote workers, their market reach will be expanded to eleven additional cities across the country. They operate out of 11 different cities across the country and have 8 physical locations, 3 warehouses, and a virtual office. Eshaa Communication Private Limited, Checkers India Technology Private Limited, Balaji Solutions Limited, Aakanksha Distributors Private Limited, and Fareast Exim Venture Private Limited are just a few of their satisfied clients.
In order to better serve customers in all corners of India, Eastern Logica Infoway has opened up shops in eleven different cities around the country, with a total of four physical locations, eleven retail outlets, two distribution hubs, and a number of virtual locations. They use a lease-rental business strategy that prioritizes finding prominent retail locations with convenient access for shoppers.
Eshaa Communication Private Limited, Checkers India Technology Private Limited, Balaji Solutions Limited, Aakanksha Distributors Private Limited, and Fareast Exim Venture Private Limited are just a few of the companies that make up the company’s extensive customer base.
Purpose of the Offering: Satisfying Needs for Working Capital.
In the interest of the company in general.
Eastern Logica Infoway can be located in West Bengal, Delhi, Haryana, Karnataka, Telangana, Maharashtra, Gujarat, and Tamil Nadu.
The company’s services can be broken down into four main groups:
Details of Eastern Logica Infoway IPO
|IPO Date||Jan 5, 2023 to Jan 9, 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.|
Initiation of Public Offering for Eastern Logica Infoway
For those interested in the IPO from Eastern Logica Infoway, here’s what you need to know. Your bank may have an ASBA application for Eastern Logica Infoway IPO. Go to the “Invest” area of your online banking portal and choose “Eastern Logica Infoway IPO” to submit your application. Eastern Logica Infoway IPO applications can also be submitted by downloading the necessary forms from the BSE website. Visit the Eastern Logica Infoway website, and then select BSE IPO Forms to download, complete, and then submit to your financial institution or stockbroker.
Eastern Logica Infoway Company Financial Report
|₹ in Crores|
Eastern Logica Infoway IPO Tentative Timetable
The IPO for Eastern Logica Infoway starts on January 5, 2023, and ends on January 9, 2023. The bid date for the Eastern Logica Infoway IPO is from 10 a.m. on January 5, 2023, to 5 p.m. on January 9, 2023. The last time to confirm a UPI Mandate is at 5 p.m. on the day the issue ends.
|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 size of an IPO lot for Eastern Logica Infoway is 600 shares. A private investor can apply for up to one lot, which is 600 shares or 135,000.
Eastern Logica Infoway IPO Promoter Holding
|Pre Issue Share Holding||100.00%|
|Post Issue Share Holding||73.59%|
Company Contact Information
2 Saklat Place
Kolkata, West Bengal 700072
Phone: 033 4058 0000
Also, Visit Ducol Organics IPO.
Q: What is an IPO for Eastern Logica Infoway?
Eastern Logica Infoway’s initial public offering (IPO) is a SME IPO made up of 753,00 equity shares with a face value of 10 each, which adds up to 16,94 Crores. Each share of the new stock costs 225. The least you can order is 600 Shares.
The IPO starts on January 5 and ends on January 9.
The IPO is being signed up for by KFin Technologies Limited. It is planned to list the shares on BSE SME.
Q: When does the IPO for Eastern Logica Infoway start?
The IPO for Eastern Logica Infoway starts on January 5, 2023, and ends on January 9, 2023.
What is the Investors Portion of the Eastern Logica Infoway IPO?
Investors’ share of NII is 50%, and Retail’s share is also 50%.
Q: How do I apply for an IPO with Eastern Logica Infoway?
You can use either UPI or ASBA to pay for an online application to the Eastern Logica Infoway IPO. Your bank account’s online banking is where you can find the ASBA IPO application. Brokers offer the UPI IPO application, but they don’t do banking. Find out more about how to apply for an initial public offering (IPO) online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
Q: When was the Eastern Logica Infoway IPO?
The Basis of Allotment for the Eastern Logica Infoway IPO will be finalized on January 12, 2023, and the allotted shares will be credited to your Demat account by January 16, 2023. Check the status of the allotment for the Eastern Logica Infoway IPO.
Q: When is the IPO date for Eastern Logica Infoway?
The date for Eastern Logica Infoway’s IPO has not yet been set. The most likely date for the IPO listing of Eastern Logica Infoway is January 17, 2023.
Eastern Logica Infoway Company Financial Report
|₹ in Crores|