The initial public offering (IPO) of GConnect Logitech Ltd, a logistics services company, witnessed robust demand from investors. Now, investors await the GConnect Logitech IPO allotment status following the closure of the subscription period.
Bidding for the GConnect Logitech IPO commenced on March 26 and concluded on March 28. The anticipated GConnect Logitech IPO allotment date is April 1, with shares expected to be listed on BSE SME on April 3, 2024.
Investors can verify their GConnect Logitech IPO allotment status online via the BSE website or the IPO registrar’s portal, managed by Kfin Technologies.
Furthermore, the company is set to credit shares to successful bidders’ demat accounts on April 2, while refunds for unsuccessful bidders will also be initiated on the same day.
To check the GConnect Logitech IPO allotment status online, investors can follow these steps:
- Visit the IPO registrar website using this link: https://kosmic.kfintech.com/ipostatus/
- Choose ‘GConnect Logitech and Supply Chain Limited’ from the dropdown menu.
- Select either ‘Application No’, ‘Demat Account’, or ‘PAN’.
- Enter the required details based on the selected option.
- Input the Captcha and click ‘Submit’ to view your GConnect Logitech IPO allotment status.
Additionally, GConnect Logitech IPO’s grey market premium (GMP) today stands at ₹9 per share, indicating a premium of 22.5% over the IPO price of ₹40 per share. The IPO garnered strong subscription across categories, with an overall subscription of 57.38 times.
Fedex Securities Pvt Ltd is the book-running lead manager for the GConnect Logitech IPO, while Kfin Technologies serves as the IPO registrar. The company intends to utilize the net proceeds from the IPO for various purposes, including vehicle purchases, website development, and general corporate requirements.
GConnect Logitech and Supply Chain Ltd, incorporated in July 2022, specializes in surface logistics services, offering bulk loads, Full Truck Loads (FTL) service, and dedicated loads. It operates on an asset-light model, collaborating with third parties for necessary assets such as vehicles.
