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SME IPO Status: Listed [5th Jan 2023 to 9th Jan 2023]
Eastern Logica Infoway Limited offers a SME IPO issue size of 7,53,000 equity shares worth of Rs 16.94 Cr including Fresh issue size of Rs 14.94 Cr and Offer for sale issue size of 2.00 Cr. This SME IPO is opening for subscription from 05 Jan 2023 to 09 Jan 2023. The face value of the equity share is Rs 10 per share and the offer price is at Rs 225 per share. and the minimum lot size is 600 shares and their multiples.
Check out Eastern Logica Infoway Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 5th Jan 2023 |
| SME IPO Issue Closing Date: | 9th Jan 2023 |
| SME IPO Issue Price: | ₹225 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50.00% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹16.94Cr |
| Offer for Sale: | ₹2.00Cr |
| Fresh Issue: | ₹14.94Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.59% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543746 |
Get important updates regarding Eastern Logica Infoway SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 12th Jan 2023 |
| Refunds Initiation* | 13th Jan 2023 |
| Credit of Shares to Demat* | 16th Jan 2023 |
| SME IPO Listing Date* | 17th Jan 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹225 |
| Market Lot: | 600 Shares |
| 1 Lot Amount: | ₹135000 |
| Min HNI Lots: | 1200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 17-01-2023 | 225 | 2 | -- | ₹227 (0.89%) | 17-Jan-2023 9:09 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
This Company was incorporated as 'Oswal Infotech Private Limited' on dated July 28, 1995. The name of Oswal Company was again changed to �Eastern Logica Infoway Limited' on Feb 2033. This Company is engaged in multi-brand retail and retail selling as well as distribution of branded smart phones, IT hardware, software and allied accessories and services. Its Company also provides networking and security solution to our consumers.
They commenced their business operations in year 1995 and believe that they have built a fair market presence with over 25 years of experience. Since the commencement of its business, they have been steadily increasing our market reach to cover 11 cities across the country by setting up retail stores, distribution centres, venturing into ecommerce and setting virtual offices. There has been a continuous rise in its revenue from operations and moreover they have demonstrated profitability with operating performance.
Their local market knowledge, careful product assortment, and efficiency in the supply chain operations coupled with its services has enabled us in providing its customers a wide range of smart phones, IT hardware & peripherals to shop from at competitive prices. Additionally, its customers can hand-pick the product best suited to their needs.
| Incorporation | Sector | IPO Issue Size | Website |
| 1995 | Manufacturing (Machinery & Equipments) | ₹16.94Cr | http://www.easternlogica.com/ |
The Company proposes to utilise the Net Proceeds from the Fresh Offer towards funding the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 357,000 (50%) | 357,000 (50%) | 714,000 | |
| 1 | 5th Jan 2023 17:01 | 0.08x | 0.11x | 0.09x |
| 2 | 6th Jan 2023 16:59 | 0.74x | 0.34x | 0.54x |
| 3 | 9th Jan 2023 15:43 | 1.92x | 1.56x | 1.74x |
| 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 | ||||||
Last Updated on 20-Jan-2023 08:00:13
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Eastern Logica Infoway SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Eastern Logica Infoway SME IPO with Zerodha.
Alternate approch to apply in Eastern Logica Infoway SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Eastern Logica Infoway SME IPO Review and Important Updates
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To subscribe or apply in Eastern Logica Infoway SME IPO, you can use the following methods:
| Eastern Logica Infoway SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Eastern Logica Infoway SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Eastern Logica Infoway SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Eastern Logica Infoway SME IPO. Most of the Syndicate Banks provide access to apply in Eastern Logica Infoway IPO via ASBA process. You must have your net banking access, DP ID information to apply in Eastern Logica Infoway SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Eastern Logica Infoway SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Eastern Logica Infoway SME IPO Review and Important Updates
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Eastern Logica Infoway SME IPO is going to be list on 17-01-2023. NSE Code for Eastern Logica Infoway is . BSE Code for Eastern Logica Infoway is 543746.
Other relevant questions:
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Eastern Logica Infoway SME IPO Allotment Date is 12-01-2023.
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