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 |
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
Website: http://www.easternlogica.com/
IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: easternlogica.ipo@kfintech.com
Website: https://karisma.kfintech.com/
IPO Lead Manager(s)
- Oneview Corporate Advisors Private limited
