Eastern Logica Infoway Limited
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Eastern Logica Infoway Limited's completed its IPO journey with a successful listing on BSE on Jan 17, 2023. The public offering mobilized 7,53,000 Shares in total capital, comprising 6,64,200 Shares in fresh equity and ₹2.00 Cr in Offer for Sale shares from existing stakeholders.
The offering was conducted within the price band of ₹225 to ₹225, with minimum application lots of 600 shares. Investor participation during the Jan 05, 2023 to Jan 09, 2023 subscription window determined the final allocation pattern.
The basis of allotment was announced on Jan 13, 2023, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1995, Eastern Logica Infoway Limited is engaged in multi-brand retail and distribution of branded smartphones, IT hardware, software, and allied accessories, along with offering networking and security solutions. With over 25 years of experience, the company has established a strong market presence through 4 offices, 11 retail stores, 2 distribution centres, and virtual offices across 11 cities in India, including West Bengal, Delhi, Haryana, Karnataka, Telangana, Maharashtra, Gujarat, and Tamil Nadu. Operating on a lease rental model, Eastern Logica ensures prime retail visibility and customer accessibility. Its major clients include Eshaa Communication Pvt. Ltd., Checkers India Technology Pvt. Ltd., Balaji Solutions Ltd., Aakanksha Distributors Pvt. Ltd., and Fareast Exim Venture Pvt. Ltd. The company’s operations span four segments — Retail, Services, E-Commerce, and Distribution.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Gaurav Goel
- Shweta Goel
Eastern Logica Infoway Limited
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