Eastern Logica IPO Details, GMP, Price, Issue Size

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Eastern Logica Infoway Limited, a 1995 corporation, specialises in multi-brand retail and retail sales. Additionally, they function as a distributor of name-brand smartphones, IT hardware, software, and related accessories and services. 

Eastern Logica IPO Details 

IPO Dates 5 – 9 January 2023 
IPO Price INR 225 per share 
Fresh issue 6,64,200 shares (INR 14.94 crore) 
Offer For Sale 88,800 shares (INR 2 crore) 
Total IPO size 7,53,000 shares (INR 16.94 crore) 
Minimum bid (lot size) 600 shares (INR 1,35,000) 
Face Value  INR 10 per share 
Retail Allocation 50% 
Listing On BSE,SME 
Ducol Organics IPO: GMP, Price, Dates, Issue size

Eastern Logica IPO Tentative Dates  

IPO Opening Date 5 January 2023 
IPO Closing Date 9 January 2023 
Finalisation of Basis of Allotment 12 January 2023 
Initiation of refunds 13 January 2023 
Transfer of shares to demat accounts 16 January 2023 
Eastern Logica Infoway IPO Listing Date 17 January 2023 
Opening Price on BSE SME Coming soon 
Closing Price on BSE SME Coming soon 

 
Company Overview 

Eastern Logica Infoway Limited, a 1995 corporation, specialises in multi-brand retail and retail sales. Additionally, they function as a distributor of name-brand smartphones, IT hardware, software, and related accessories and services. Offering networking and security solutions to end users is another area that Eastern Logica Infoway covers. In the 25 years after it began operations, the company has solidified its position in the market. 

It has expanded its activities throughout India, setting up 4 offices, 11 retail locations, 2 delivery centres, and virtual offices in 11 different cities. They use a lease rental business strategy and concentrate on securing retail locations with excellent visibility and client accessibility. 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 clients the business has amassed. West Bengal, Delhi, Haryana, Karnataka, Telangana, Maharashtra, Gujarat, and Tamil Nadu are among the states where Eastern Logica Infoway has offices. 

Four broad categories make up the services offered by the business: 

  • Retail 
  • Services 
  • E-Commerce 
  • Distribution 

Company Financial Performance 

  FY 2020 FY 2021 FY 2022 
Revenue 495.67 445.21 611.96 
Expenses 496.27 443.89 611.71 
Net income 1.82 2.34 2.85 

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. 

IPO Prospectus

Company Contact Information

Eastern Logica Infoway Limited
2 Saklat Place
1st Floor,
Kolkata, West Bengal 700072
Phone: 033 4058 0000
Email: cs@easternlogica.com
Websitehttp://www.easternlogica.com/

IPO Registrar

KFin Technologies Limited

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

IPO Lead Manager(s)

  1. Oneview Corporate Advisors Private limited 

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