Eastern Logica Infoway IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 21, 2023Let’s have a detailed review of the company and analytics of the Eastern Logica Infoway IPO release date, IPO offer price, subscription, Eastern Logica Infoway Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 225 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 600 Shares |
| Listing Date | Jan 17, 2023 |
| Offer for Sale | Rs 199.80 Lakh |
| Fresh Issue | Rs1,494.45 Lakh |
| IPO Size | Rs 1,694.25 Lakh |
| Tick Size | 1 |
Eastern Logica Infoway IPO is listed at a BSE, NSE premium. Check out the live share price by clicking on the below link.
IPO – Summary
Their Company was incorporated as “Oswal Infotech Private Limited”, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated July 28, 1995, issued by the Registrar of Companies, West Bengal. Subsequently, the name of their Company was changed to ‘Eastern Infoway Private Limited’, pursuant to a fresh certificate of incorporation dated December 5, 2000, issued by the Deputy Registrar of Companies, West Bengal.
The Promoter of this company is GAURAV GOEL AND SHWETA GOEL. The lead manager to the issue is Oneview Corporate Advisors Private Limited, and the Registrar to this issue is KFin Technologies Limited.
Eastern Logica Infoway IPO Date
The opening and closing dates of Eastern Logica Infoway IPO are Jan 5, 2023, and Jan 9, 2023.
Eastern Logica Infoway IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 5th Dec | 0.08x | 0.11x | 0.09x | |
| 2nd Day – 6th Dec | 0.74x | 0.34x | 0.54x | |
| 3rd Day – 9th Jan | 1.92x | 1.56x | 1.74x | |
| Shares Offered or Net Issue | 357,000 | 357,000 | 714,000 |
The shares subscribed by the public will be updated here.
Eastern Logica Infoway IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Eastern Logica Infoway Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jan 12, 2023 |
| Refunds Initiation | Jan 13, 2023 |
| Credit of Shares to Demat Account | Jan 16, 2023 |
| Share Listing Date | Jan 17, 2023 |
Eastern Logica Infoway IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.225
Eastern Logica Infoway IPO Equity Size
This Initial Public Issue of 7,53,000 Equity Shares of Rs.10 each for cash at a price of Rs.225 per equity share aggregating to Rs.1,694.25 Lakh.
Eastern Logica Infoway IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6,64,200 Equity Shares of Rs.10/ each.
Issue Size: 7,53,000 Equity Shares of Rs.10 each, aggregating to Rs.1,694.25 Lakh
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Eastern Logica Infoway IPO – Live Performance
The listing date of this IPO is Jan 17, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Eastern Logica Infoway Share Price |
Eastern Logica Infoway IPO Grey Market Premium
The Eastern Logica Infoway Limited IPO Grey Market Premium price is Rs NA, the Kostak rate is Rs NA and the Subject to Sauda is Rs NA.
Eastern Logica Infoway IPO – Company Overview
Their Company was converted into a public limited company pursuant to a resolution passed by their Shareholders at an extraordinary general meeting held on December 18, 2000, and a fresh certificate of incorporation dated January 2, 2001, was issued by the Assistant Registrar of Companies, West Bengal recording the change in the name of their Company to ‘Eastern Infoway Limited’.
Their Company shifted its registered offices with effect from December 07, 2002, from 4, Ganesh Chandra Avenue, Kolkata 700 013, West Bengal, India to 16, Ganesh Chandra Avenue, P.S. Hare Street, Kolkata 700 013, West Bengal, India.
Eastern Logica Infoway IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 12,561.79 | 12,663.71 | 10,324.43 | 8,490.92 |
| *Total Revenue | 30,504.16 | 61,558.01 | 44,702.90 | 49,882.84 |
| Total Expense | 30,305.75 | 61,171.49 | 44,388.70 | 49,626.98 |
| Profit After Tax | 133.14 | 285.34 | 233.59 | 181.62 |
Earnings per Equity Share (in Lakh)
| 30-Jun-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 6.09 | 13.24 | 11.06 | 8.95 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 133.14 Lakh, Rs. 285.34 Lakh, Rs. 233.59 Lakh and Rs. 181.62 Lakh respectively.
Eastern Logica Infoway IPO – Promoters
The Promoter of this company is:
- GAURAV GOEL
- SHWETA GOEL
List of Related Parties (Key Managerial Personnel)
- Gaurav Goel, Managing Director and Chairman
- Shweta Goel, Whole-time Director
- Rakesh Kumar Goel, Non-Executive Director
- Dinesh Arya, Independent Director
- Nil Kamal Samanta, Independent Director
- Vinita Saraf, Independent Director
Eastern Logica Infoway IPO – Promoters Holding
- Pre-Issue Share Holding -100.00 %
- Post Issue Share Holding -73.59%
Eastern Logica Infoway IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 7,53,000 Equity Shares aggregating up to Rs.1,694.25 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 39,000 Equity Shares aggregating up to Rs.87.75 Lakh |
| Net Issue to the Public | Up to 7,14,000 Equity Shares aggregating up to Rs.1,606.50 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 3,57,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,57,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 21,86,469 Equity Shares |
| Equity Shares outstanding after the Issue | 28,50,669 Equity Shares |
Eastern Logica Infoway IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding working capital requirements.
- General corporate purposes.
Eastern Logica Infoway IPO – Business Strategy
- Leveraging their market skills and relationship
- To increase brand visibility
- Continuous training of manpower
- Inventory Management
- Information Technology
- Human Resource
- Competition
- Insurance
- Property
- Intellectual Property Rights
Eastern Logica Infoway IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Quality service
- Rich Management Expertise
- Progressive employer
- Quality assurance and standards
- Needs of customers
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 13.24 | 8.22 | 158.72 |
| 31-Mar-21 | 11.06 | 7.47 | 145.64 |
| Mar-20 | 8.95 | 6.41 | 134.90 |
Eastern Logica Infoway IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Eastern Logica Infoway Limited | 10 | [●] | 13.24 | 8.22 | 61,558.01 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Eastern Logica Infoway IPO Lead Managers
| Lead Managers |
| Oneview Corporate Advisors Private Limited 18, Deshapriya Park Road Kolkata 700 026 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 Registrar to offer
| Registrar to the Offer |
| KFin Technologies Limited 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 – Other Details
- Statutory Auditor – R. Rampuria & Company, Chartered Accountants
- Legal Counsel to the Company – Rajani Associates, Advocates & Solicitors
- Bankers to the Company – ICICI Bank Limited
Eastern Logica IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Eastern Logica Infoway Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Eastern Logica Infoway IPO Review FAQs
Check out various FAQs related to Eastern Logica Infoway IPO:
What is the Issue Size of Eastern Logica Infoway IPO?
The Company is making an initial public offer of 7,53,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Eastern Logica Infoway IPO?
The price band for this particular IPO ranges between 225. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Eastern Logica IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jan 5, 2023, while the closing date is set at Jan 9, 2023.
What is the Eastern Logica IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jan 12, 2023, refund initiation is on Jan 13, 2023, credit of shares is on Jan 16, 2023, and share listing date is on Jan 17, 2023.
What is the Eastern Logica IPO Listing Date?
Shares of this company shall be listed in the exchanges Jan 17, 2023. The date, when the listing would be done, is stagnant on Jan 17, 2023.
Who is the Registrar of Eastern Logica Infoway IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Eastern Logica IPO?
Here are the promoters of this IPO – GAURAV GOEL AND SHWETA GOEL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Eastern Logica IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights of Kostak rate is Rs NA and subject to sauda or SS are Rs NA as well included in this report.
Is Eastern Logica Infoway IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Eastern Logica Infoway Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 285.34, 2021 is 233.59, 2020 is 181.62. PAT from Sep 2022 is 133.14.
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