Eastern Logica Infoway, incorporated as Oswal Infotech on July 28, 1995, is engaged in multi-brand retail and retail selling. It also operates as a distributor of branded smartphones, IT hardware, software and allied accessories and services.
| Bidding Dates |
|---|
| 05 Jan 2023 - 09 Jan 2023 |
| Subscription |
|---|
| 1.74x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,35,000 | 1 | 1 | 600 | 753.0 K | ₹225 | 73.59 % | ₹169.4 M | RHP DOC |
Logica Infoway IPO SUBSCRIPTION STATUS
09 Jan '23Logica Infoway IPO overall subscription rate was 1.74 times the total available shares
Logica Infoway IPO retail subscription rate was 1.56 times in the retail segment
Logica Infoway IPO non-institutional investor subscription rate was 1.92 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
09 Jan 2023 (Day 3) | 1.56x | 1.92x | - |
06 Jan 2023 (Day 2) | 0.34x | 0.74x | - |
05 Jan 2023 (Day 1) | 0.11x | 0.08x | - |
Logica Infoway FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY23 | 13.3 | 3,033.5 | 45.1 | 44.4 |
| FY22 | 28.5 | 6,119.6 | -84.3 | -85.9 |
| FY21 | 23.4 | 4,452.1 | -119.6 | -122.8 |
| FY20 | 18.2 | 4,956.7 | 46.1 | 44.2 |
Logica Infoway IPO SUBSCRIPTION STATUS DETAILS
Logica Infoway had 753.0 K shares on offer
Logica Infoway IPO offer price was ₹225
Logica Infoway IPO minimum Investment was ₹135000
Logica Infoway IPO issue size was ₹ 169.4 M
Logica Infoway had a minimum lot size of 600 Shares per application
Logica Infoway NUMBER OF SHARES ON OFFER
Logica Infoway IPO IMPORTANT DATES
| Issue Open Date | 05 Jan 2023 |
| Issue close Date | 09 Jan 2023 |
| Allotment Date | 12 Jan 2023 |
| Refund Date | 13 Jan 2023 |
| Demat Account Credit Date | 16 Jan 2023 |
| Listing Date | 17 Jan 2023 |
| Listing on Exchange(s) | BSE |
| Logica Infoway Allotment Status | Exchange |
Logica Infoway IPO subscription opened on 05 Jan 2023, and closed on 09 Jan 2023
IPO allotment for Logica Infoway was finalized on Thursday, 12 Jan 2023
IPO listing for Logica Infoway was on BSE on Tuesday, 17 Jan 2023
Logica Infoway IPO LISTING GAINS
| Issue Price (adjusted) | 37.5 |
| Listing Open Price | 270.0 |
| Listing Close Price | 283.5 |
| Listing Gain% | 20.0% |
| Current Gain% | 310.7% |
Logica Infoway Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Logica Infoway Ltd. | 154 | 43.9 | 19.3 | -0.2 | 0 | 13.9 | 4 | 1319.6 | 18.4 | 14.2 | 35 | 8 | -78.4 |
| Vedant Fashions Ltd. | 516.9 | 12559.5 | 32.5 | -13.1 | 8.6 | 19.1 | 13.2 | 1529 | 3.9 | 375.5 | -3.3 | 15.9 | -2.5 |
| Aditya Birla Lifestyle Brands Ltd. | 93.9 | 11455.8 | 65.1 | 0.3 | 1.3 | 12.1 | 2 | 8480.9 | 7.2 | 171 | 187 | 1.4 | 189.8 |
| Aditya Vision Ltd. | 618.4 | 7986.5 | 57.5 | 2 | 2.7 | 17 | 7.9 | 2681.5 | 18.3 | 116.9 | 10.8 | 10.8 | 29.2 |
| Ethos Ltd. | 2782.1 | 7444.3 | 71.7 | 5.8 | 4.3 | 6.4 | 4.3 | 1658.4 | 30 | 94.8 | -1.6 | 38.8 | 12.3 |
| Electronics Mart India Ltd. | 165.8 | 6380.3 | 30.9 | 0.3 | 0.8 | 6.6 | 2.8 | 7191.4 | 3.1 | 107.1 | -33.1 | 5.4 | 88.8 |
Logica Infoway INFORMATION ON IPO ISSUE
About Logica Infoway
Eastern Logica Infoway, incorporated as Oswal Infotech on July 28, 1995, is engaged in multi-brand retail and retail selling. It also operates as a distributor of branded smartphones, IT hardware, software and allied accessories and services.
Object of the Issue
- Funding working capital requirements
- General corporate purposes
Logica Infoway - PROMOTERS
| Name |
|---|
| Gaurav Goel |
| Shweta Goel |
Logica Infoway Lead Manager of the Issue
Oneview Corporate Advisors Private Limited
mbd@oneviewadvisors.com
Logica Infoway Registrar to the issue
Kfin Technologies Private Limited
easternlogica.ipo@kfintech.com
Logica Infoway Strengths
Proven track record
Strong promoter background and experienced management team have helped the company offer high standards of customer service and a pleasant shopping experience at stores
Strategically located business outlets
The company has been steadily increasing its market reach to cover 11 cities across the country by setting up retail stores, distribution centres and virtual offices by venturing into eCommerce
Scale of operations
The company's scale of operations and its long-standing relationship with leading brands and consumers enable it to earn better margins
Logica Infoway Risks
Dependent on external suppliers
The company is dependent on external suppliers for its product requirements. Any delay or failure on the part of the suppliers to deliver products may materially and adversely affect business, profitability and reputation
Certain litigations and claims
The company, promoters, promoter group and group companies are party to certain litigations and claims. These legal proceedings are pending at different levels of adjudication before various courts and regulatory authorities
Concentrated business
Its stores and distribution centres are concentrated mainly in West Bengal and Delhi, and the company generates a majority of its revenue from these states
IPO FAQs
Eastern Logica Infoway Ltd. IPO listing opened at Rs 270.00 while the issue price was Rs 225.00 giving 20.00% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 37.50 giving 310.67% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 2.0 crore, of 88,800 shares. It also consists of a fresh issue of Rs 14.9 crore.
The promoters of the company are Gaurav Goel and Shweta Goel.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 225.0 - 225.0.
The IPO application opens on Jan 05, 2023 and closes on Jan 09, 2023.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 135,000.0, the maximum value for this IPO is Rs 135,000.0.
This IPO will be allotted on Jan 12, 2023.
The refund will be credited to your account on Jan 13, 2023.
The allotted shares will be credited to your demat on Jan 16, 2023.
Eastern Logica Infoway Ltd.’s shares listed on the stock exchanges on Jan 17, 2023.