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Eastern Logica Infoway Limited IPO : Company Info.

Eastern Logica Infoway Limited IPO is set to launch on 5 Jan., 2022. The company initiated its business operation in the year 1995. It is involved in the business of multi brand retail and retail selling. They are the distributors of multiple smartphone brands, IT Software and Allied accessories and IT Hardware etc. The company also provides security and networking solutions to end customers. Over the 25 years of its business course it has developed a great presence in the market.

The company has 4 offices, 2 distribution centres, 11 retail stores and virtual offices across 11 cities across the country. Its customer base include Checkers India Private Limited, Eshaa Communications Private Limited, balaji Solutions Limited, Far East Exim Venture Private Limited and Aakanksha Distributors Private limited etc.

Eastern Logica Infoway Limited IPO DETAILS

Eastern Logica Infoway Limited IPO is set to launch on 5 Jan., 2022. The subscription timeline extends till 9 Jan, 2023. The size for the IPO is 16.94 Crore Rs.. Shares issued through fresh issues are worth 14.94 Crore Rs. Shares issued through Offer For Sale mode are worth Rs 2 Crore Rs. The lot size is 3000 shares and the price is 225 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is KFin Technologies Private Limited.

Tabular Description of Eastern Logica Infoway Limited IPO

IPO OPENING DATE	5 Jan., 2022
CLOSING DATE FOR IPO	9 Jan, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	225 Rs. per share
LOT SIZE	600 shares
MINIMUM ORDER QUANTITY	600 shares
ISSUE SIZE	16.94 Crore Rs.
OFFER FOR SALE	2 Crore Rs.
FRESH ISSUE	14.94 Crore Rs.
LISTING AT	BSE SME
LISTING DATE	17 Jan, 2023

IMPORTANT DATES

IPO OPENING DATE	5 Jan., 2022
CLOSING DATE FOR IPO	9 Jan, 2023
IPO ALLOTMENT DATE	12 Jan, 2023
REFUNDS	13 Jan, 2023
DEMAT A/C CREDITED ON	16 Jan, 2023
IPO LISTING DATE	17 Jan, 2023

Eastern Logica Infoway Limited IPO begins for subscription from 5 Jan., 2022. The IPO subscription would continue till 9 Jan, 2023. The allotment status for the shareholders who applied would come on 12 Jan, 2023. The refunds for the ones who did not get allotment would be initiated on 13 Jan, 2023. The DEMAT accounts of shareholders would be credited on 16 Jan, 2023. The listing of the company would be accompanied on 17 Jan, 2023.

Lead Managers

The lead managers are :

Oneview Corporate Advisors Private Limited

The minimum lot size for the company is decided at 600 shares. This holding accounts to 135000 Rs.. The maximum lot size is decided at 1200 shares (HNI). This amounts to 270000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	600 shares	135000 Rs.
Maximum	1200 shares	270000 Rs.

OBJECTIVES FOR THE IPO

For General corporate purposes.
The funds can be used for working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2021-22	2020-21	2019-20
ASSETS	12663	10325	8490
Revenue	61558	44703	49883
PAT	285	236	182

Eastern Logica Infoway Limited had an asset base of 12663 Lakh Rs in 2022. The same has been increasing over time since the last 3 years by 2000 Lakh Rs. The asset base was 8490 Lakh Rs. in 2020 which increased to 10325 Lakh Rs in 2021. The revenue of the company is massive in comparison to the asset holding. The company has been able to generate 4 to 5 times the revenue of its asset size. The same was 61558 lakh Rs in 2022, 44703 Lakh Rs in 2021 and 49883 Lakh Rs in 2020. The profit of the company is however less in comparison to the revenue generated. The company’s profit was 285 Lakh Rs in 2022, 236 Lakh Rs in 2021 and 182 lakh Rs in 2020.

PROS

Over the 25 years of its business course Eastern Logica Infoway Limited has developed a great presence in the market.
The company has 4 offices, 2 distribution centres, 11 retail stores and virtual offices across 11 cities across the country.
Its customer base include Checkers India Private Limited, Eshaa Communications Private Limited, balaji Solutions Limited, Far East Exim Venture Private Limited and Aakanksha Distributors Private limited etc.