Established in 1995, Eastern Logica Infoway Limited is a prominent player in the multi-brand retail and retail selling sectors. Specializing in distributing branded smartphones, IT hardware, software, and allied accessories, the company has earned a reputation as a reliable and efficient distributor.
Beyond distribution, Eastern Logica Infoway excels in providing top-notch networking and security solutions to its esteemed clientele. With 25 years of industry experience, the company has solidified its position as a trusted service provider.
Geographically, Eastern Logica Infoway has expanded its operations across various regions in India. It boasts 4 well-equipped offices, 11 strategically located retail stores, and 2 efficient distribution centers. Additionally, it has virtual offices in 11 cities, ensuring a wide network to cater to diverse customer needs.
The company’s lease rental model secures prime retail spaces with high visibility and easy accessibility, enhancing the customer experience.
Notable clients of Eastern Logica Infoway include esteemed companies such as Eshaa Communication Private Limited, Checkers India Technology Private Limited, Balaji Solutions Limited, Aakanksha Distributors Private Limited, and Fareast Exim Venture Private Limited.
The company’s services are divided into four categories:
- Retail: Offering a wide range of products through its retail stores to meet customer demands.
- Services: Providing expert networking and security solutions tailored to client requirements.
- E-Commerce: Leveraging the digital landscape to offer a seamless online shopping experience.
- Distribution: Ensuring efficient and timely distribution of products to maximize market reach.
Committed to quality and customer satisfaction, Eastern Logica Infoway has built a strong and loyal customer base. Its presence spans across West Bengal, Delhi, Haryana, Karnataka, Telangana, Maharashtra, Gujarat, and Tamil Nadu, making it a significant player in the IT and retail sectors in these regions.
Stock Quote #
- Open: ₹333.00
- High – Low: ₹333.00 – ₹333.00
- Previous Close: ₹333.00
- Total Traded Value: 600
- 52 Weeks High: ₹364.80 (Jul 27, 2023)
- 52 Weeks Low: ₹195.10 (Mar 13, 2023)
- Updated On: Jul 31, 2023 4:00 PM
IPO Details #
Eastern Logica Infoway IPO is a Fixed Price Issue. The IPO total issue size is Rs 16.94 Cr. The Eastern Logica Infoway IPO price is ₹225 per share. The IPO will list on BSE SME.
| IPO Date | Jan 5, 2023 to Jan 9, 2023 |
| Listing Date | Jan 17, 2023 |
| Face Value | ₹10 per share |
| Price | ₹225 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 753,000 shares (aggregating up to ₹16.94 Cr) |
| Fresh Issue | 664,200 shares (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 |
| Market Maker portion | 39,000 shares Nikunj Stock Brokers |
IPO Reservation #
Eastern Logica Infoway IPO a total of 753,000 shares are offered. RII: 357,000 (47.41%), NII: 357,000 (47.41%).
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 39,000 (5.18%) |
| Other Shares Offered | 357,000 (47.41%) |
| Retail Shares Offered | 357,000 (47.41%) |
| Total Shares Offered | 753,000 (100%) |
Eastern Logica Infoway Limited IPO Timetable (Tentative) #
IPO opens on Jan 5, 2023, and closes on Jan 9, 2023.
| IPO Open Date | Thursday, 5 January 2023 |
| IPO Close Date | Monday, 9 January 2023 |
| Basis of Allotment | Thursday, 12 January 2023 |
| Initiation of Refunds | Friday, 13 January 2023 |
| Credit of Shares to Demat | Monday, 16 January 2023 |
| Listing Date | Tuesday, 17 January 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jan 9, 2023 |
IPO Lot Size #
The minimum lot size of this Eastern Logica Infoway IPO is 600 shares required is ₹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 |
| Lot Size Calculator | |||
Eastern Logica Infoway IPO Promoter Holding #
Gaurav Goel and Shweta Goel are the Promoters of the Company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.59% |
Company Financials #
| 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 | ||||||
Key Performance Indicator #
Eastern Logica Infoway IPO Market Cap is Rs 64.14 Cr and P/E (x) is 24.09.
| KPI | Values |
|---|---|
| P/E (x) | 24.09 |
| Market Cap (₹ Cr.) | 64.14 |
Objects of the Issue #
The Company proposes to utilise the Net Proceeds from the Fresh Offer towards funding the following objects:
- Funding working capital requirements;
- General corporate purposes.
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)
| Category | Subscription (times) |
|---|---|
| Other | 1.92 |
| Retail | 1.56 |
| Total | 1.74 |
Eastern Logica Infoway IPO Prospectus #
Eastern Logica Infoway IPO Listing Details #
| Listing Date | Jan 17, 2023 |
| BSE Script Code | 543746 |
| NSE Symbol | |
| ISIN | INE0BSU01018 |
| Final Issue Price | ₹225 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹225.00 |
| ₹270.00 |
| ₹256.50 |
| ₹283.50 |
| ₹283.50 |
Check IPO Performance…
Company Contact Information #
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 #
Phone: 04067162222, 04079611000
Email: easternlogica.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Eastern Logica Infoway IPO Lead Manager(s) #
FAQs #
What is the opening and closing date of the Ducol Organics And Colours IPO? #
The Ducol Organics And Colours IPO opened on January 9, 2023, and closed on January 11, 2023.
What is the issue price of the Ducol Organics And Colours IPO? #
The issue price of the Ducol Organics And Colours IPO was ₹78 per equity share.
How many shares were offered in the Ducol Organics And Colours IPO? #
A total of 4,040,000 shares were offered in the Ducol Organics And Colours IPO, aggregating up to ₹31.51 crore.
What is the lot size for the Ducol Organics And Colours IPO? #
The lot size for the Ducol Organics And Colours IPO was 1600 shares.
When was the basis of allotment for the Ducol Organics And Colours IPO finalized? #
The basis of allotment for the Ducol Organics And Colours IPO was finalized on January 16, 2023.
When were the refunds initiated for the Ducol Organics And Colours IPO? #
The initiation of refunds for the Ducol Organics And Colours IPO began on January 17, 2023.
When were the equity shares credited to the demat accounts of the allottees for the Ducol Organics And Colours IPO? #
The equity shares of the Ducol Organics And Colours IPO were credited to demat accounts on January 18, 2023.
What is the listing date of the Ducol Organics And Colours IPO? #
The listing date for the Ducol Organics And Colours IPO was January 19, 2023. The shares were listed on NSE SME.
What are the competitive strengths of Ducol Organics And Colours Limited? #
The competitive strengths of Ducol Organics And Colours Limited include having an experienced and qualified team, product diversification, and a diverse customer base.
What are the objectives of the Ducol Organics And Colours IPO? #
The objectives of the Ducol Organics And Colours IPO include funding working capital requirements of the company and general corporate purposes.
