GConnect Logitech and Supply Chain Ltd

About the Company:

GConnect Logitech and Supply Chain Ltd is engaged in the business of providing surface logistics services viz. goods transport services.

Company offers its services to other logistic companies, including surface logistic companies and to direct ustomers.

The range of services offered by the Company includes bulk load, Full Truck Load (FTL) service and dedicated load.

Company offers bulk transportation service to large sized Companies through their transport contractors, Full Truck Load (FTL) service to retailers and traders.

Company provides point to point services to the customers in which the goods are loaded from the premises of the customer and are delivered to the delivery point as specified by them (i.e. factory/warehouse).

Company mainly serves transport contractors and industrial customers, who have requirement to transport bulk quantities of their goods from one place to another within India.

Company primarily serves transport contractors and also direct customer, thus serving a varied end customers from a broad range of industries such as metals, fabrics, Fast Moving Consumer Goods (FMCG), auto components, chemicals and pharmaceuticals.

Company operates under an asset light model, thus engaging with third parties for providing Company with the assets necessary for its operations such as vehicles (customized and containerized).

Services Provided by the Company:

Bulk load:

Company provides bulk transportation services to customers, in which the goods are loaded on to our vehicles at the premises of the customer and then delivered to the destination as specified by the customer.

Company provides these services for customers located in the state of Gujarat through a fleet of hired trucks.

Full Truck Load Services (FTL Services):

Company also offer Full Truck Load Services (FTL Services) to our customers. FTL Services is logistic management of freight that requires the entire space on a fleet. This is a point-to-point movement which involves freight movement from customers’ designated location to their delivery point or destination.

Dedicated Load (to-and-fro):

Company also offers customers dedicated load services, where a vehicle or fleet is assigned dedicatedly for a customer to provide them with multiple pickups and drops, local and home deliveries, reverse logistic, freight handling, and freight network designing etc.

Management Team:

Mr. Vinod Venilal Sheth (Designation: Chairman & Non- Executive Director)
Mr. Jigar Vinodbhai Sheth (Designation: Managing Director)

Objectives of the Issue:

Fresh Issue: (Rs.5.60 cr)

Purchase of Vehicles and Body Building.
Finance the Website Development and App Designing.
General Corporate Purpose.

Fund Utilization:

Particulars	Amount (Rs. in Crores)
Purchase of Vehicles and bodybuilding	4.09 cr
Finance the Website Development and App Designing	0.48 cr
General Corporate Purpose	0.46 cr
Net Proceeds	5.04 cr

Financials of the Company:

(in Crores)	FY 21	FY 22	FY 23	Upto 30th Sept 23
Revenue	2.92	2.96	1.01	2.12
Net Profit	0.05	0.06	0.10	0.22

Valuation of Peer Group Companies:

Company Name	Face Value	EPS	PE Ratio	RoNW	NAV
Ritco Logistics Limited	10	9.94	23.03	16.37%	60.70
VRL Logistics Limited	10	18.80	29.01	39.72%	110.46
Shreeji Translogistics Ltd	2	2.11	14.10	25.77%	7.79

IPO Details:

Details	Info
Issue Opens on	26th March 2024
Issue Closes on	28th March 2024
Issue Price	Rs.40
Face Value	Rs.10
Minimum Lot	3000 Shares
Minimum Investment	Rs.1,20,000
Issue Constitutes	37.67 %
Issue Size	Rs. 5.60 cr
Market Cap	Rs.14.87 cr
Listing at	BSE SME
Equity Shares Offered (Fresh)	14,01,000 (Rs.5.60 cr)
Equity Shares Prior to the Issue	23,18,547
Equity Shares after the Issue	37,19,547

Also Read : List of Upcoming IPO’s in India.
Also Read: List of Upcoming SME IPO’s in India.

Important Dates:

Finalization of Basis of Allotment	on or Before 1st April 2024
Initiation of Refunds	on or Before 2nd April 2024
Credit of Equity Shares:	on or Before 2nd April 2024
Listing Date:	on or Before 3rd April 2024

Company Contact Info:
GConnect Logitech and Supply Chain Ltd Shop No. 6, Sadguru Complex, Nari Chowkadina, Bhavnagar – 364 001, Gujarat, India. Tel No.: +91 93777 74949; Email: contact@gconnectlogitech.com; Website: www.gconnectlogitech.com

Registrar to the Issue:
KFIN TECHNOLOGIES LIMITED Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana ,India. Telephone: +91 4067162222 E-mail: Gconnect.ipo@kfintech.com Website: www.kfintech.com

Lead Manager to the Issue:
FEDEX SECURITIES PRIVATE LIMITED B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – [East], Mumbai – 400 057, Maharashtra, India Tel No.: +91 81049 85249 E-mail: mb@fedsec.in Website: www.fedsec.in