Eastern Logica Infoway Limited IPO
i. Eastern Logica Infoway is engaged in multi-brand retail and retail selling as well as distribution of branded smart phones, IT hardware, software and allied accessories and services. The Company also provides networking and security solution to its consumers
ii. Eastern Logica commenced its business operations in year 1995 and believes that it has built a fair market presence with over 25 years of experience. Since the commencement of the business, they have been steadily increasing its market reach to cover 11 cities across the country by setting up retail stores, distribution centres, venturing into ecommerce and setting virtual offices. There has been a continuous rise in its revenue from operations and moreover they have demonstrated profitability with operating performance.
iii. Top 5 Customers
i. Sterne India Private Limited
ii. Eshaa Communication Private Limited
iii. Checkers India Technology Private Limited
iv. Vardhman Tele Marketing
v. Shree Balaji Commotrade Private Limited
iv. They primarily operate their business activities across retail, distribution and e-commerce platforms of branded smart phones and IT hardware & peripherals.
Retail: They focus on securing retail spaces to ensure high visibility and easy accessibility to customers. With the object of providing comprehensive solutions, the Company has set up 8 multi-brand retail outlets in 2 GST. They believe that owing to its longstanding market presence, they have been able to establish a convivial relationship with various smartphone and electronic brands which enables them to showcase its products in its multi brand retail outlets.
Distribution: They are also engaged in the distribution business of smartphones, IT hardware & peripherals, where they supply such products to retailers in the state of West Bengal and Union Territory of Delhi. They have been distributing IT hardware & peripherals to 1200+ retailers over the last two decades and currently have the right to distribution of all major laptop brands like HP, Dell, Lenovo and Asus within the territory of West Bengal and Delhi Region.
E-Commerce: In 2012, They diversified their operations by venturing into the e-commerce space by associating with the largest players of the e-commerce market. Their e-commerce website currently functions as a catalogue for the products we retail at itd stores. The company believe that its quality of service and efficiency in managing and operating its e-commerce business has enabled them to maintain business relationships with largest players of the e-commerce market, and resultantly.
i. Experienced management team with a proven track record
ii. Strategically located business outlets and offices
iii. The scale of operations along with the long-standing relationship with leading brands and consumers enables us to earn better margins.
Objects of the Eastern Logica Infoway Limited IPO:
Eastern Logica Infoway Limited IPO Details:
|Open Date:||Jan 05 2023|
|Close Date:||Jan 09 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Issue|
|Issue Size:||16.9425 Cr.|
|Lot Size:||600 Shares|
|Issue Price:||₹ 225 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Jan 17 2023|
Promoters And Management:
Financials of Eastern Logica Infoway Limited IPO:
|Particulars (in lakhs)||2020||2021||2022|