GConnect Logitech and Supply Chain Limited IPO Closed
| IPO date | 26 Mar 2024 – 28 Mar 2024 |
| Listing date | 03 Apr 2024 |
| Price range | 40 – 40 |
| Minimum order quantity | 3000 | (D)RHP | View |
GConnect Logitech and Supply Chain Limited is launching its IPO. The offer opens for subscription on March 26, 2024, and closes on March 28, 2024.
Disclaimer: This stock will trade with a lot size of 3000 shares in the SME segment on listing.
What does GConnect Logitech and Supply Chain Limited do?
GConnect Logitech and Supply Chain Limited, initially incorporated as a private limited company, but later converted to a public limited company, specializes in surface logistics services. The company’s services include bulk load transportation, Full Truck Load (FTL) service, and dedicated load service, catering to transport contractors and industrial customers primarily in Gujarat, India.
The company operates under an asset-light model, engaging third parties for necessary assets like vehicles. Currently, it has arrangements with truck owners possessing over 20 vehicles. GConnect Logitech and Supply Chain Limited took over the business of M/s. Prithvi Enterprise is owned by one of its promoters, Mr. Jigar Vinodbhai Sheth, through a Business Transfer Agreement.
Schedule/Timeline of GConnect Logitech and Supply Chain Limited IPO
| Issue Period | 26th March to 28th March 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | April 01, 2024 |
| Initiation of Refunds | April 02, 2024 |
| Credit of Shares | April 02, 2024 |
| Date of Listing | April 03, 2024 |
| Mandate end date | April 12, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | May 01, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | June 30, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the GConnect Logitech and Supply Chain Limited IPO?
You can apply for the GConnect Logitech and Supply Chain Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the GConnect Logitech and Supply Chain Limited IPO?
You can check the allotment status for the GConnect Logitech and Supply Chain Limited IPO on the website of the Registrar and Transfer agent.