How To Check GConnect Logitech IPO Allotment Status

GConnect Logitech, which operates in the country’s surface logistics sector, recently closed its IPO, which ran from March 26 to March 28. With the allotment date set for today, April 1, investors keen on confirming their allotment status can do so via Kfin Technologies Ltd, the issue’s registrar, or directly on the BSE website.

The company sought to raise ₹5.60 crore through the issue of 14.01 lakh shares, priced at ₹40 each, with a minimum application size of 3,000 shares. The IPO was a resounding success, oversubscribed by 57.38 times, reflecting high investor interest, particularly from the retail segment, which subscribed 71.74 times, according to Chittorgarh.com.

How to Check Allotment Status via Kfin Technologies

  • Step 1: Navigate to the IPO allotment status page on Kfin Technologies’ website.
  • Step 2: Click on one of the displayed links to proceed.
  • Step 3: Pick “GConnect Logitech Limited” from the dropdown menu, available after allotment finalization.
  • Step 4: Provide your application number, PAN, or DPID/Client ID.
  • Step 5: Fill in the captcha to proceed.
  • Step 6: Hit the “Submit” button to view your allotment status.

See also: How To Check Trust Fintech IPO Allotment Status

How to Check Allotment Status via BSE

  • Step 1: Go to the BSE’s official website here.
  • Step 2: Choose “Equity” in the "Issue Type" section.
  • Step 3: Select “GConnect Logitech Limited” from the list of IPOs.
  • Step 4: Enter your application number or PAN.
  • Step 5: Fill out the captcha field.
  • Step 6: Click “Search” to reveal your allotment status.

GConnect Logitech IPO Details and Company Overview

Closing on the last day with an impressive subscription, the IPO’s success underscores investor confidence in GConnect Logitech's potential. The company, a key provider in surface logistics and transport services primarily in Gujarat, announced its financial prowess with a revenue of ₹2.12 crore and a net profit of nearly ₹23 lakh for the half-year ending in September 2023.

The IPO proceeds are earmarked for pivotal investments in vehicles, web and app development, and broader corporate purposes, setting the stage for future growth.

With the allotment finalized on April 1, the company will initiate refunds on April 2 for unsuccessful applicants, the same day successful investors will see shares credited to their demat accounts. The anticipation builds as GConnect Logitech prepares for its stock market debut on the BSE SME platform on April 3.

Read next: Adani Ports Shares Hits All-Time High After Beating FY24 Guidance

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Posted In: NewsIPOsGConnect Logitech