| Basis of Allotment |
THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA. |
|
GCONNECT LOGITECH AND SUPPLY CHAIN LIMITED |
| CIN: U63030GJ2022PLC134029 |
Our Company was incorporated as "Gconnect Logitech and Supply Chain Private Limited" pursuant to a certificate of incorporation bearing CIN U63030GJ2022PTC134029 dated July 20,2022, issued by the Deputy Registrar of Companiess, Central Registration Centre. Thereafter, pursuant to a resolution passed by our shareholders in the extraordinary general meeting held on March 24,2023, wherein the business of M/s Prithvi Enterprise, a sole proprietorship concern was taken over. Subsequently, our Company was converted into a Public Limited Company and the name of the Company was consequently changed to 'Gconnect Logitech and Supply Chain Limited' and a fresh Certificate of Incorporation dated September 18,2023 issued by Registrar of Companies, Ahmedabad. For details of incorporation, change of name and registered office of our Company, please refer to the chapter titled "General Information" and "History and Certain Corporate Matters" beginning on page 56 and 132 respectively of the Prospectus.
Registered Office: Shop No. 6, Sadguru Complex, Nari Chowkadina, Bhavnagar - 364 001 .Gujarat, India. | Tel No: +91 93777 749491 Email Id: contact@gconnectlogitech.com |
Website: www.gconnectlogitech.com | Contact Person: Ankita Malde, Company Secretary and Compliance Officer |
PROMOTERS OF OUR COMPANY: MR. JIGAR VINODBHAI SHETH AND MR. VINOD VENILAL SHETH |
THE ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER IX OF THE SEBIICDR REGULATIONS (IPO OF SMALL MEDIUM ENTERPRISES) AND THE EQUITY SHARES ARE PROPOSED TO BE LISTED ON EMERGE PLATFORRM OF NSE LIMITED ("NSE EMERGE")
Our Company has filed the Prospectus dated March 19,2024 with the RoC and the Equity Shares are proposed to be listed on the SME Platform of BSE Limited ("BSE") and trading of the Equity Shares Allotted pursuant to the Issue is eexpected to commence on April 03,2024
BASIS OF ALLOTMENT |
INITIAL PUBLIC ISSUE OF 14,01.000 EQUITY SHARES OF FACE VALUE Rs. 10/- EACH ("EQUITY SHARES") OF GCONNECT LOGITECH AND SUPPLY CHAIN LIMITED ("OUR COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 40 PER EQUITY SHARE (INCLUDING A SECURITIES PREMIUM OF Rs. 30 PER EQUITY SHARE) ("ISSUE PRICE"), AGGREGATING TO Rs. 560.40 LAKHS (THE "ISSUE"). 75,000 EQUITY SHARES AGGREGATING TO Rs. 30.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 13,26,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH AT AN ISSUE PRICE OF Rs. 40 PER EQUITY SHARE AGGREGATING TO Rs. 530.40 LAKHS IS HERE IN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 37.67 % AND 35.65 % RESPECTIVELY OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
RISKS TO INVESTORS |
1. Our Company has been formed specifically for the purpose of acquisition of the business of "Prithvi Enterprises'' thus we have limited operating history as a Company which may make it difficult for investors to evaluate our historical performance or future prospects.
2. Further, any future acquisition may not be beneficial to our Company, we may have to pay a certain amount of premium to the outgoing management / shareholders for synergic benefits that we may accrue compared to valuations of those firms / business / companies. Our inability to identify suitable acquisition opportunities in the future, or adequately priced acquisitions, entering into agreement with such parties or obtaining the necessary financing to make such acquisitions could adversely affect our future growth
3. Any disruptions to our logistics and transportation facilities could have a material adverse effect on our business, financial condition, cash flows and results of operations.
4. We are dependent on our customers' business performance and developments in their markets and industries and their continuing outsourcing of logistics operations.
5. We are dependent on third party carriers and inland transportation companies to transport our client's cargo.
6. We operate in a highly competitive industry and face intense competition, which could adversely affect our results of operations and market share.
7. Delays or defaults in payment by our customers or the tightening of payment periods to our suppliers could affect our cash flows and may adversely affect our financial condition and operations
8. Our Company & the sole proprietorship has experienced negative cash flows in some prior periods and may do so in the future, which could have a material adverse effect on our business, prospects, financial condition, cash flows and results of operations.
9. DETAILS OF WACA OF ALL SHARES TRANSACTED OVER THE TRAILING EIGHTEEN MONTHS FROM THE DATE OF PROSPECTUS.
Period |
Weighted Average Cost of Acquisition (in Rs.) |
Issue Price is X' times the WACA |
Range of acquisition price Lowest Price - Highest Price (in Rs.) |
Trailing Eighteen Months trom the date of Prospectus |
40 |
1 |
10-40 |
WACA - Weighted average cost of acquisition
Note: The above details have been certified N6ST & Associates. Chartered Accountants by their certificate dated March 21.2024.
For details, please referto chapter titled "Capital Structure - Equity Share capital history of our Company" on page 66 of the Prospectus.
WACA: Weighted Average Cost of Acquisition shall be calculated on fully diluted basis for the trailing eighteen months from the date of Prospectus.
10. THE AVERAGE COST OF ACQUISITION PER EQUITY SHARE TO OUR PROMOTER AS ATTHE DATE OF THE PROSPECTUS:
Name |
Number of shares |
Weighted Average Cost of Acquisition per Equity shares (in Rs.) |
| Mr. Jigar Vinod Sheth | 11,83,047 |
12.78 |
| Mr. Vinod Venilal Sheth | 5,96,750 |
12.65 |
As certified by M/s. NGST & Associates, Chartered Accountants by my of their certiticate dated March 19,2024.
THE FACE VALUE OF THE EQUITY SHARES IS 110.00/- EACH AND THE ISSUE PRICE IS Rs. 40/- PER EQUITY SHARE THE ISSUE PRICE IS 4.00 TIMES OF THE FACE VALUES OF THE EQUITY SHARES |
| ISSUE PROGRAMME | ISSUE OPENED ON: MARCH 26, 2024 | | ISSUE CLOSED ON: MARCH 28, 2024 |
PROPOSED LISTING |
||
The Equity Shares of the Company offered through the Prospectus dated March 19.2024 are proposed to be listed on the SME Platform of BSE Limited ("BSE SME") in terms of the Chapter IX of SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received In- Principle Approval Letter dated March 1.2024 from BSE for listing our shares and also for using its name in the offer document for listing of our shares on SME Platform of BSE Limited. It is to be distinctly understood that the permission given by BSE should not in any way be deemed or construed that the Otter Document has been cleared or approved by BSE nor does it certify the correctness or completeness of any of the contents of the Offer Document. The investors are advised to refer to the Prospectus for the full text of the "Disclaimer Clause of the SME Platform of BSE Limited" on page 241 of the Prospectus. For the purpose of this issue the Stock
Exchange will be BSE Limited ("BSE") The trading is proposed to be commenced on or about April 03,2024 (Subject to receipt of listing and trading approval from BSE).
This issue is being made through Fixed Price Process in terms of Chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI (ICDR) Regulations") as amended and Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR"). According to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018 as amended from time to time, the allocation in the Net Issue to the Public category is made as follows: (a) minimum 50% of the net issue of shares shall be allocated to) Retail Individual Investors and (b) remaining to: (i) Individual applicants other than retail individual investors; and (ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for; provided that the unsubscribed portion in either of categories specified in clauses (a) or (b) may be allocated to applicants in the other category.
If the retail individual investor category is entitled to more than allocated portion on proportionate basis, accordingly the retail individual investors shall be allocated that higher percentage. For further details, please refer to section titled "Issue Structure" beginning on page no. 256 of the Prospectus. All investors have participated in this issue through Application Supported by Blocked Amount ("ASBA") process including through Unified Payment Interface ("UPI") mode (as applicable) by providing the details of the respective bank accounts / UPI ID as applicable in v were blocked by Self Certified Syndicate Banks (the 'SCSBs") / Sponsor Bank as the case may be. which the corresponding application amounts
SUBSCRIPTION DETAILS |
DETAILS OF THE APPLICATION:
The Issue was subscribed to the extent of 54.4882 times (including Market Maker reservation portion) as per the bid book of BSE (excluding the multiple, duplicate bids, cancelled bids or withdrawal bids, RC10 and Other than RC10) (the "Bid Book"). The details of the applications received in the Issue from Retail Individual Investors. Non-lnstitutional Investors and Market Maker (before and after technical rejections & withdrawal) are as follows:
DETAILS OF APPLICATIONS RECEIVED (before technical rejections):
Sri. No. |
CATEGORY |
Number of Applications Received |
Number of Shares Bid for |
Amount (Rs.) |
1 |
Market Makers | 1 |
75,000 |
3,000,000,00 |
2 |
Non-Retail Investors | 1,665 |
28,596,000 |
1,143,840,000,00 |
3 |
Retail Individual Investors | 15,944 |
47,832,000 |
1,913,280,000,00 |
| TOTAL | 17,610 |
76,503,000 |
3,060,120,000,00 |
DETAILS OF VALI D APPLICATIONS (Alter Technical Rejections):
Sr.No. |
Category |
Gross |
Less: Rejections |
VALID |
|||
Applications |
Equity Shares |
Applications |
Equity Shares |
Applications |
Equity Shares |
||
1 |
Non Retail Investors | 1,665 |
28,596,000 |
14 |
93,000 |
1,651 |
28,503,000 |
2 |
Market Makers | 1 |
75,000 |
0 |
0 |
1 |
75,000 |
3 |
Retail Individual Investors | 15,944 |
47,832,000 |
299 |
897,000 |
15,645 |
46,935,000 |
| Totals | 17,610 |
76,503,000 |
313 |
990,000 |
17,297 |
75,513,000 |
|
A. ALLOCATION: The Basis of Allotment was finalized in consultation with the Stock Exchange i.e BSE Limited on April 01,2024.
B. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 40.00/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1 time. The total number of shares allotted in this category is 75,000 Equity Shares in full out of reserved portion of 75,000 Equity Shares.
S. No |
No. of Shares applied for (Category wise) |
Number of applications received |
% to total |
Total No. of Shares applied in each category |
% to total |
Proportionate shares available |
Allocation per Applicant |
Ratio of allottees to applicants |
Number of successful applicants (after rounding off) |
% to total |
Total No. of Shares allocated/ allotted |
% to total |
Surplus/ Deficit (7)-(14) |
||
Before rounding off |
After rounding off |
||||||||||||||
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
(10) |
(11) |
(12) |
(13) |
(14) |
(15) |
|
1 |
75000 |
1 |
100.00 |
75000 |
100.00 |
75000 |
75000.00 |
75000 |
1 |
1 |
1 |
100.00 |
75000 |
100.00 |
0 |
GRAND TOTAL |
1 |
100 |
75000 |
100 |
75000 |
1 |
100 |
75000 |
100 |
0 |
|||||
C. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 40.00/- per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 70.79 times. The total number of shares allotted in this category is 825.000 Equity shares out of reserved portion of 6.63,000 Equity Shares.
S. No |
No. of Shares applied for (Category wise) |
Number of applications received |
% to total |
Total No. of Shares applied in each category |
% to total |
Proportionate shares available |
Allocation per Applicant |
Ratio of allottees to applicants |
Number of successful applicants (after rounding off) |
% to total |
Total No. of Shares allocated/ allotted |
||
Before rounding off |
After rounding off |
||||||||||||
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
(10) |
(11) |
(12) |
(13) |
|
1 |
3000 |
15645 |
100.00 |
46935000 |
100.00 |
825000 |
52.73 |
3000 |
9 |
512 |
275 |
100.00 |
825000 |
GRAND TOTAL |
15645 |
100 |
46935000 |
100 |
825000 |
275 |
100 |
825000 |
|||||
D. Allocation to Non- Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non-Retail Individual Investors, at the issue price of * 40.00/- per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 42.99 times. The total numbers of shares allotted in this category is 5.01.000 Equity shares out of reserved portion of 6.63.000 Equity Shares.
S.No |
No. of Shares applied for (Category wise) |
Number of applications received |
% to total |
Total No.of Shares applied in each category |
% to total |
Proportionate shares available |
Allocation per Applicant |
Ratio of allottees to applicants |
Number of successful applicants (after rounding off) |
% to total |
Total No. of Shares allocated/ allotted |
% to total |
Surplus/ Defecit (7)-(13) |
||
Before rounding off |
After rounding off |
||||||||||||||
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
10) |
(11) |
(12) |
(13) |
(14) |
(15) |
|
1 |
6000 |
1120 |
67.84 |
6720000 |
23.58 |
118118 |
105.46 |
3000 |
39 |
1120 |
39 |
25.83 |
117000 |
23.35 |
-1118 |
2 |
9000 |
131 |
7.93 |
1179000 |
4.14 |
20723 |
158.19 |
3000 |
7 |
131 |
7 |
4.64 |
21000 |
4.19 |
277 |
3 |
12000 |
71 |
4.30 |
852000 |
2.99 |
14976 |
210.93 |
3000 |
5 |
71 |
5 |
3.31 |
15000 |
2.99 |
24 |
4 |
15000 |
44 |
2.67 |
660000 |
2.32 |
11601 |
263.66 |
3000 |
1 |
11 |
4 |
2.65 |
12000 |
2.40 |
399 |
5 |
18000 |
27 |
1.64 |
486000 |
1.71 |
8542 |
316.39 |
3000 |
1 |
9 |
3 |
1.99 |
9000 |
1.80 |
458 |
6 |
21000 |
6 |
0.36 |
126000 |
0.44 |
2215 |
369.12 |
3000 |
1 |
6 |
1 |
0.66 |
3000 |
0.60 |
785 |
7 |
24000 |
17 |
1.03 |
408000 |
1.43 |
7171 |
421.85 |
3000 |
2 |
17 |
2 |
1.32 |
6000 |
1.20 |
-1171 |
8 |
27000 |
62 |
3.76 |
1674000 |
5.87 |
29424 |
474.58 |
3000 |
5 |
31 |
10 |
6.62 |
30000 |
5.99 |
576 |
9 |
30000 |
32 |
1.94 |
960000 |
3.37 |
16874 |
527.31 |
3000 |
3 |
16 |
6 |
3.97 |
18000 |
3.59 |
1126 |
10 |
33000 |
12 |
0.73 |
396000 |
1.39 |
6961 |
580.04 |
3000 |
1 |
6 |
2 |
1.32 |
6000 |
1.20 |
-961 |
11 |
36000 |
5 |
0.30 |
180000 |
0.63 |
3164 |
632.78 |
3000 |
1 |
5 |
1 |
0.66 |
3000 |
0.60 |
-164 |
12 |
39000 |
8 |
0.48 |
312000 |
1.09 |
5484 |
685.51 |
3000 |
1 |
4 |
2 |
1.32 |
6000 |
1.20 |
516 |
13 |
42000 |
6 |
0.36 |
252000 |
0.88 |
4429 |
738.24 |
3000 |
1 |
6 |
1 |
0.66 |
3000 |
0.60 |
-1429 |
14 |
45000 |
9 |
0.55 |
405000 |
1.42 |
7119 |
790.97 |
3000 |
2 |
9 |
2 |
1.32 |
6000 |
1.20 |
-1119 |
15 |
48000 |
4 |
0.24 |
192000 |
0.67 |
3375 |
843.70 |
3000 |
1 |
4 |
1 |
0.66 |
3000 |
0.60 |
-375 |
16 |
51000 |
1 |
0.06 |
51000 |
0.18 |
896 |
896.43 |
3000 |
0 |
1 |
0 |
0.00 |
0 |
0.00 |
-896 |
17 |
54000 |
4 |
0.24 |
216000 |
0.76 |
3797 |
949.16 |
3000 |
1 |
4 |
1 |
0.66 |
3000 |
0.60 |
-797 |
18 |
57000 |
2 |
0.12 |
114000 |
0.40 |
2004 |
1001.89 |
3000 |
1 |
2 |
1 |
0.66 |
3000 |
0.60 |
996 |
19 |
60000 |
11 |
0.67 |
660000 |
2.32 |
11601 |
1054.63 |
3000 |
4 |
11 |
4 |
2.65 |
12000 |
2.40 |
399 |
20 |
63000 |
4 |
0.24 |
252000 |
0.88 |
4429 |
1107.36 |
3000 |
1 |
4 |
1 |
0.66 |
3000 |
0.60 |
-1429 |
21 |
66000 |
4 |
0.24 |
264000 |
0.93 |
4640 |
1160.09 |
3000 |
1 |
2 |
2 |
1.32 |
6000 |
1.20 |
1360 |
22 |
69000 |
1 |
0.06 |
69000 |
0.24 |
1213 |
1212.82 |
3000 |
0 |
1 |
0 |
0.00 |
0 |
0.00 |
-1213 |
23 |
72000 |
4 |
0.24 |
288000 |
1.01 |
5062 |
1265.55 |
3000 |
1 |
2 |
2 |
1.32 |
6000 |
1.20 |
938 |
24 |
75000 |
2 |
0.12 |
150000 |
0.53 |
2637 |
1318.28 |
3000 |
1 |
2 |
1 |
0.66 |
3000 |
0.60 |
363 |
25 |
78000 |
2 |
0.12 |
156000 |
0.55 |
2742 |
1371.01 |
3000 |
1 |
2 |
1 |
0.66 |
3000 |
0.60 |
258 |
26 |
84000 |
2 |
0.12 |
168000 |
0.59 |
2953 |
1476.48 |
3000 |
1 |
2 |
1 |
0.66 |
3000 |
0.60 |
47 |
27 |
87000 |
1 |
0.06 |
87000 |
0.31 |
1529 |
1529.21 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
1471 |
28 |
90000 |
2 |
0.12 |
180000 |
0.63 |
3164 |
1581.94 |
3000 |
1 |
2 |
1 |
0.66 |
3000 |
0.60 |
-164 |
29 |
93000 |
4 |
0.24 |
372000 |
1.31 |
6539 |
1634.67 |
3000 |
1 |
2 |
2 |
1.32 |
6000 |
1.20 |
-539 |
30 |
96000 |
1 |
0.06 |
96000 |
0.34 |
1687 |
1687.40 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
1313 |
31 |
99000 |
2 |
0.12 |
198000 |
0.69 |
3480 |
1740.13 |
3000 |
1 |
2 |
1 |
0.66 |
3000 |
0.60 |
-480 |
32 |
102000 |
1 |
0.06 |
102000 |
0.36 |
1793 |
1792.86 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
1207 |
33 |
105000 |
3 |
0.18 |
315000 |
1.11 |
5537 |
1845.60 |
3000 |
2 |
3 |
2 |
1.32 |
6000 |
1.20 |
463 |
34 |
108000 |
2 |
0.12 |
216000 |
0.76 |
3797 |
1898.33 |
3000 |
1 |
2 |
1 |
0.66 |
3000 |
0.60 |
-797 |
35 |
111000 |
2 |
0.12 |
222000 |
0.78 |
3902 |
1951.06 |
3000 |
1 |
2 |
1 |
0.66 |
3000 |
0.60 |
-902 |
36 |
117000 |
2 |
0.12 |
234000 |
0.82 |
4113 |
2056.52 |
3000 |
1 |
2 |
1 |
0.66 |
3000 |
0.60 |
-1113 |
37 |
120000 |
2 |
0.12 |
240000 |
0.82 |
4219 |
2109.25 |
3000 |
1 |
2 |
1 |
0.66 |
3000 |
0.60 |
-1219 |
38 |
123000 |
1 |
0.06 |
123000 |
0.43 |
2162 |
2161.98 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
838 |
39 |
132000 |
1 |
0.06 |
132000 |
0.46 |
2320 |
2320.18 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
680 |
40 |
141000 |
2 |
0.12 |
282000 |
0.99 |
4957 |
2478.37 |
3000 |
1 |
1 |
2 |
1.32 |
6000 |
1.20 |
1043 |
41 |
144000 |
2 |
0.12 |
288000 |
1.01 |
5062 |
2531.10 |
3000 |
1 |
1 |
2 |
1.32 |
6000 |
1.20 |
938 |
42 |
147000 |
1 |
0.06 |
147000 |
0.52 |
2584 |
2583.83 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
416 |
43 |
150000 |
4 |
0.24 |
600000 |
2.11 |
10546 |
2636.56 |
3000 |
1 |
1 |
4 |
2.65 |
12000 |
2.40 |
1454 |
44 |
153000 |
1 |
0.06 |
153000 |
0.54 |
2689 |
2689.30 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
311 |
45 |
156000 |
1 |
0.06 |
156000 |
0.55 |
2742 |
2742.03 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
258 |
46 |
168000 |
1 |
0.06 |
168000 |
0.59 |
2953 |
2952.95 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
47 |
47 |
174000 |
1 |
0.06 |
174000 |
0.61 |
3058 |
3058.41 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
-58 |
48 |
177000 |
2 |
0.12 |
354000 |
1.24 |
6222 |
3111.15 |
3000 |
1 |
1 |
2 |
1.32 |
6000 |
1.20 |
-222 |
49 |
180000 |
1 |
0.06 |
180000 |
0.63 |
3164 |
3163.88 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
-164 |
50 |
192000 |
1 |
0.06 |
192000 |
0.67 |
3375 |
3374.80 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
-375 |
51 |
201000 |
2 |
0.12 |
402000 |
1.41 |
7066 |
3533.00 |
3000 |
1 |
1 |
2 |
1.32 |
6000 |
1.20 |
-1066 |
52 |
210000 |
1 |
0.06 |
210000 |
0.74 |
3691 |
3691.19 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
-691 |
53 |
234000 |
1 |
0.06 |
234000 |
0.82 |
4113 |
4113.04 |
3000 |
1 |
1 |
1 |
0.66 |
3000 |
0.60 |
-1113 |
54 |
237000 |
3 |
0.18 |
711000 |
2.49 |
12497 |
4165.77 |
3000 |
1 |
1 |
3 |
1.99 |
9000 |
1.80 |
-3497 |
3000 |
1 |
3 |
1 |
0.66 |
3000 |
0.60 |
3000 |
||||||||
55 |
261000 |
1 |
0.06 |
261000 |
0.92 |
4588 |
4587.62 |
6000 |
1 |
1 |
1 |
0.66 |
6000 |
1.20 |
1412 |
56 |
306000 |
1 |
0.06 |
306000 |
1.07 |
5379 |
5378.59 |
6000 |
1 |
1 |
1 |
0.66 |
6000 |
1.20 |
621 |
57 |
309000 |
1 |
0.06 |
309000 |
1.08 |
5431 |
5431.32 |
6000 |
1 |
1 |
1 |
0.66 |
6000 |
1.20 |
569 |
58 |
330000 |
1 |
0.06 |
330000 |
1.16 |
5800 |
5800.44 |
6000 |
1 |
1 |
1 |
0.66 |
6000 |
1.20 |
200 |
59 |
336000 |
1 |
0.06 |
336000 |
1.18 |
5906 |
5905.90 |
6000 |
1 |
1 |
1 |
0.66 |
6000 |
1.20 |
94 |
60 |
360000 |
1 |
0.06 |
360000 |
1.26 |
6328 |
6327.75 |
6000 |
1 |
1 |
1 |
0.66 |
6000 |
1.20 |
-328 |
61 |
372000 |
1 |
0.06 |
372000 |
1.31 |
6539 |
6538.68 |
6000 |
1 |
1 |
1 |
0.66 |
6000 |
1.20 |
-539 |
62 |
375000 |
1 |
0.06 |
375000 |
1.32 |
6591 |
6591.41 |
6000 |
1 |
1 |
1 |
0.66 |
6000 |
1.20 |
-591 |
63 |
420000 |
1 |
0.06 |
420000 |
1.47 |
7382 |
7382.38 |
6000 |
1 |
1 |
1 |
0.66 |
6000 |
1.20 |
-1382 |
64 |
450000 |
1 |
0.06 |
450000 |
1.58 |
7910 |
7909.69 |
9000 |
1 |
1 |
1 |
0.66 |
9000 |
1.80 |
1090 |
65 |
480000 |
1 |
0.06 |
480000 |
1.68 |
8437 |
8437.01 |
9000 |
1 |
1 |
1 |
0.66 |
9000 |
1.80 |
563 |
66 |
546000 |
1 |
0.06 |
546000 |
1.92 |
9597 |
9597.10 |
9000 |
1 |
1 |
1 |
0.66 |
9000 |
1.80 |
-597 |
J3RAND TOTAL |
1651 |
100 |
28503000 |
100 |
501000 |
151 |
100 |
501000 |
100 |
0 |
|||||
The Board of Directors of the Company at its meeting held on April 01,2024 has taken on record the Basis of Allotment of Equity Shares, as approved by the Stock Exchange viz. BSE SME and has authorized the online corporate action for the allotment of the Equity shares in dematerialized form to various sucessful applicants.
The CAN-cum-Refund Orders and Allotment Advice and/or Notices are being dispatched to the address of the applicants as registered with the depositories / as filled in the application form on or before April 02,2024. Further, the instructions to Self-Certified Syndicate Banks being processed on or prior to April 01, 2024 for unblocking fund. In case the same is not received in compliance with applicable timelines, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company shall file the listing application with BSE on April 01, 2024. The Company is in process of obtaining the listing & the trading approval from BSE and the trading is expected to commence on or about April 03, 2024.
Note: All capitalized terms used and not specifically defined herein shall have the same meaning as Ascribed to them in the Prospectus March 19,2024.
DISCLOSURES PERTAINING TO THE LM'S TRACK RECORD ON PAST ISSUES WITH A BREAKUP OF HANDLING OF SME IPOS FOR THE LAST 3 YEARS:
FEDEX SECURITIES PRIVATE LIMITED
TYPE |
FY 2021 -22 |
FY 2022-23 |
FY 2023-24 |
SME IPO |
5 |
7 |
13 |
MAIN BOARD |
0 |
0 |
1 |
INVESTORS, PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue. KFIN TECHNOLOGIES LIMITED at www.kfintech.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the first/' sole applicants, serial number of the application form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:
| REGISTRAR TO THE ISSUE | LEAD MANAGER TO THE ISSUE |
|
|
| KFIN TECHNOLOGIES LIMITED | FEDEX SECURITIES PRIVATE LIMITED |
| Selenium Tower-B, Plot 31 & 32. Gachibowli. Financial District, Nanakramguda, Serilingampally, Hyderabad - 500 032, Telangana, India. | B 7, 3rd Floor, Jay Chambers. Dayaldas Road, Vile Parle (East), Mumbai - 400 057, Maharashtra. India. |
| Telephone: +91 4067162222 | Telephone: +91 81049 85249: |
| E-mail: Gconnect.ipo@kfintech.com | E-mail: mb@fedsec.in |
| Website: www.kfintech.com | Investor Grievance E-Mail: mb@fedsec.in |
| Contact Person: M Murali Krishna | Website: www.fedsec.in: |
| SEBI Registration No.: INR000000221 | Contact Person: Mr. Saipan Sanghvi |
| Investor Grievance E-Mail: einward.ris@kfintech.com | SEBI Registration Number: INM000010163 |
For GCONNECT LOGITECH AND SUPPLY CHAIN LIMITED |
|
On behalf of the Board of Directors |
|
Sd/- |
|
Jigar Vinodbhai Sheth |
|
| Date: April 02, 2024 | Managing Director |
| Place: Bhavnagar, Gujarat | DIN: 09679044 |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF GCONNECT LOGITECH AND SUPPLY CHAIN LIMITED.
The Prospectus is available on the website of SEBI at www.sebi.gov.in. the website of the Lead Manager at www.fedsec.in. website of the BSE Limited at www.bseindia.com and website of Issuer Company at www.gconnectlogitech.com For details, investors should refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 28 of the Prospectus
The Equity Shares offered in this Offer have not been and will not be registered under the US Securities Act 1933, as amended (the "Securities Act') or any state securities laws in the United States and may not be offered or sold within the United States or to. or for the account or benefit of. "U.S. persons" (as defined in Regulation S of the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Equity Shares will be offered and sold (i) within the United States only to persons reasonably believed to be ‘Qualified Institutional Buyers" (as defined in Rule 144A of the Securities Act) under Section 4(a) of the Securities Act. and (ii) outside the United States in offshore transaction in reliance on Regulation Sunder the Securities Act and the applicable laws of the jurisdiction where those offer and sales occur.
The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Application may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.
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