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News Details

( As on 20/03/2024 14:20)

Gconnect Logitech announces launch of initial public offering

Gconnect Logitech and Supply Chain Ltd. has announced public offering of 1401000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 30.00 per share. The gross proceeds of the issue are expected to be Rs 560.40 lakhs.

The company's initial public offer (IPO) will open on 26 March 2024 and is expected to close on 28 March 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 1401000 Equity Shares of the Company at an price of Rs 40.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Gconnect Logitech and Supply Chain Ltd. anticipates using the proceeds of the issue for .

Fedex Securities Private Limited as lead manager & KFin Technologies Ltd. is the registrar, to the issue.