Eastern Logica Infoway IPO Detail
Eastern Logica Infoway Limited, founded in 1995, is a company that engages in the business of multi-brand retail and retail sales. In addition to these activities, Eastern Logica Infoway Limited is also a distributor of branded smartphones, IT hardware, software, and related accessories and services.
In addition to its other business activities, Eastern Logica Infoway also provides networking and security solutions to its customers. Over the course of its 25 years in operation, the company has established a strong presence in the market.
Eastern Logica Infoway has expanded its operations to various parts of India, establishing 4 offices, 11 retail stores, 2 distribution centers, and virtual offices in 11 cities across the country. The company operates on a lease rental model, prioritizing the acquisition of retail spaces that are highly visible and easily accessible to customers.
Eastern Logica Infoway has cultivated a robust customer base, including Eshaa Communication Private Limited, Checkers India Technology Private Limited, Balaji Solutions Limited, Aakanksha Distributors Private Limited, and Fareast Exim Venture Private Limited.
Eastern Logica Infoway has a presence in several states in India, including West Bengal, Delhi, Haryana, Karnataka, Telangana, Maharashtra, Gujarat, and Tamil Nadu.
Eastern Logica Infoway’s services are organized into four main categories:
- Retail
- Services
- E-Commerce
- Distribution
Eastern Logica Infoway IPO Competitive Strength
- Level and quality of sales personnel and customer service are key competitive factors.
- Ability to attract, hire, train and retain skilled customer and sales personnel.
- Qualified and skilled sales personnel.
- We have a long-standing relationship with our customers.
Eastern Logica Infoway IPO Financials Performance ( Results )
Eastern Logica Infoway Limited Financial Information ( Consolidated ): Following are the details as per the restated financial statements for the financial years ended on March 31, 2022, 2021 and 2020:
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | Profit After Tax (PAT) | Earnings per share (Basic) EPS | Net Worth | Reserves | Debt |
| 31-Mar-20 | 8490.92 | 49882.84 | 181.62 | 8.95 | 2832.66 | 2622.68 | 2931.84 |
| 31-Mar-21 | 10324.43 | 44702.9 | 233.59 | 11.06 | 3126.02 | 2911.37 | 4413.71 |
| 31-Mar-22 | 12663.71 | 61558.01 | 285.34 | 13.24 | 3470.3 | 3251.65 | 5967.53 |
| 30-Sep-22 | 12561.79 | 30504.16 | 133.14 | – | 3603.44 | 3384.79 | 5694.82 |
Objective of IPO Issue
The company plans to use the proceeds of the issue to achieve the following objectives:
- Funding working capital requirements;
- General corporate purposes.
Eastern Logica Infoway Limited IPO Basic Details
| IPO Date | Jan 05, 2023 to Jan 09, 2023 |
| Listing Date | Tuesday, January 17, 202 |
| Face Value | ₹10 per share |
| Price | ₹225 per share |
| Lot Size | 600 Shares |
| Issue Size | 753,000 shares of ₹10 (aggregating up to ₹16.94 Cr) |
| Fresh Issue | 664,200 shares of ₹10 (aggregating up to ₹14.94 Cr) |
| Offer for Sale | 88,800 shares of ₹10 (aggregating up to ₹2.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Market Maker | NIKUNJ STOCK BROKERS LIMITED |
| Company Promoters | Gaurav Goel and Shweta Goel are the Promoters of the Company. |
Eastern Logica Infoway IPO Timetable
Eastern Logica Infoway IPO will open on 05 Jan 2023 and close on 09 Jan 2023. You can join Eastern Logica Infoway IPO at 10.00 A.M. to 5.00 P.M. Upto which mandate can be applied.
| Event | Date |
| Opening Date | Jan 5, 2023 |
| Closing Date | Jan 9, 2023 |
| Basis of Allotment | Jan 12, 2023 |
| Initiation of Refunds | Jan 13, 2023 |
| Credit of Shares to Demat | Jan 16, 2023 |
| Listing Date | Jan 17, 2023 |
Eastern Logica Infoway IPO Lot Size
600 shares will come in 1 lot for retail investors in Eastern Logica Infoway IPO or minimum investment will be ₹135,000. Retail-individual investors can apply for up to 1 lots.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| B-HNI (Min) | 2 | 1200 | ₹270,000 |
Eastern Logica Infoway IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.59% |
Eastern Logica Infoway IPO Valuation – FY2022 ( September 30, 2022 )
| Earning Per Share (EPS) | ₹11.80 per Equity Share |
| Price/Earning P/E Ratio | 24.09 |
| Return on Net Worth (RoNW) | 7.67% |
| Net Asset Value (NAV) | ₹164.81 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | 1.37 |
Eastern Logica Infoway Ltd Peer comparison
According to the offer document, there are no publicly traded companies similar to Eastern Logica Infoway (ELIL) for comparison purposes.
Eastern Logica Infoway IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 10 January 2023 | ₹-12 | – | – |
| 9 January 2023 | ₹-8 | – | – |
| 8 January 2023 | ₹-4 | – | – |
| 7 January 2023 | ₹-6 | – | – |
| 6 January 2023 | ₹-2 | – | – |
| 5 January 2023 | ₹-1 | – | – |
Eastern Logica Infoway IPO Detail Video:
Eastern Logica Infoway IPO Subscription Status (Bidding Detail)
The Eastern Logica Infoway IPO is subscribed 1.74 times on 09 Jan 2023 3:40:00 PM. The public issue subscribed 1.56 times in the retail category, and 1.92 times in the NII category.
| Category | Subscription |
| NII | 1.92x |
| Retail | 1.56x |
| Total | 1.74x |
Eastern Logica Infoway IPO Prospectus
Eastern Logica Infoway IPO Rating
| Our Rating | 1.0/5.0 |
Eastern Logica Infoway Compnay Contact Information
Eastern Logica Infoway Limited
Registered Office: 2 Saklat Place 1st Floor,
Kolkata West Bengal 700 072 India
Contact Person: Deepak Kumar Jha
Tel: 033 4058 0000
E-mail: cs@easternlogica.com
Website: https://www.easternlogica.com/
Our Promoters: Gaurav Goel and Shweta Goel
Eastern Logica Infoway IPO Registrar
KFin Technologies Limited
Address: Selenium, Tower-B Plot 31& 32,
Gachibowli Financial District Nanakramguda,
Hyderabad 500 032, Telangana
Tel No.: +91 40 6716 2222
E-mail: easternlogica.ipo@kfintech.com
Investor Grievance E-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No.: INR000000221
CIN: U72400TG2017PLC117649
Eastern Logica Infoway IPO Lead Manager of the Issue
Oneview Corporate Advisors Private Limited
Address: 18, Deshapriya Park Road
Kolkata-700026
Tel No.: +91 33 7960 1228
Email: mbd@oneviewadvisors.com
Website: www.oneviewadvisors.com
Investor Grievance E-mail: info@oneviewadvisors.com
Contact Person: Alka Mishra
SEBI Registration No: INM 000011930
CIN: U74999WB1976PTC030545
Eastern Logica Infoway IPO FAQs
What is the issue size of Eastern Logica Infoway IPO?
The total issue size of Eastern Logica Infoway IPO is ₹16.94 crores out of which ₹14.94 crores is fresh issue and ₹2.00 crores is offer for sale (OFS).
When will Eastern Logica Infoway IPO start?
Eastern Logica Infoway IPO will start from 05 Jan 2023 and IPO will Close on 09 Jan 2023.
What is the open date of Eastern Logica Infoway IPO?
Eastern Logica Infoway IPO will start from 05 Jan 2023.
What is the last date ( close date ) of Eastern Logica Infoway IPO?
Eastern Logica Infoway IPO will close from 09 Jan 2023.
What is the price band of Eastern Logica Infoway IPO?
Eastern Logica Infoway IPO Price band is ₹225. ( Fix Price of ₹225 )
What is the minimum amount required to apply for Eastern Logica Infoway IPO?
The minimum investment for retailers to apply for Eastern Logica Infoway IPO is ₹135,000 and the maximum investment is ₹135,000.
What is going on gray market premium of Eastern Logica Infoway IPO?
View gray market premium of Eastern Logica Infoway IPO by Clicking Here
How much is the GMP of Eastern Logica Infoway IPO?
Watch Eastern Logica Infoway IPO GMP Today: Click Here
What is the lot size of Eastern Logica Infoway IPO?
The lot size of Eastern Logica Infoway IPO is 600 shares.
What is the allotment date of Eastern Logica Infoway IPO?
The allotment date of Eastern Logica Infoway IPO is 12 January 2023.
How to check allotment status in Eastern Logica Infoway IPO?
To check the allotment status of Eastern Logica Infoway IPO, first of all go to the registrar website by clicking here, select your bad Eastern Logica Infoway IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Coming Soon Link )
What is the listing date of Eastern Logica Infoway IPO?
The listing date of Eastern Logica Infoway IPO is 17 January 2023.
How much will be the listing gain in Eastern Logica Infoway IPO?
View listing gain of Eastern Logica Infoway IPO by Clicking Here
How much time Eastern Logica Infoway IPO is subscribed?
Total 1.74 times subscribed in Eastern Logica Infoway IPO out of which 1.56 times subscription was done in retail quota and 1.92 times subscription in NII quota.
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