Gconnect Logitech News Today

In the Nifty pack, 32 stocks closed in the green, while 18 stocks ended in the red.

GConnect Logitechs price band for the issue was fixed at Rs 40 per share.

GConnect Logitech debuted on BSE SME with a 5% premium at Rs 42. The company offers logistics services like bulk load, FTL. E-commerce boosts sector. For the six months ended September 2023, the firm recorded Rs 2.12 crore revenue, Rs 23 lakh profit.

Overall, the first week ahead of the new financial year FY25 is expected to be positive for the market with focus on auto sales data, manufacturing & services PMI numbers, RBI interest rate decision, and expectations for March FY24 quarter earnings, experts said.

The momentum of the IPO is expected to continue this year as well with bigger deals. Investors are eager to tap stock market ahead of general elections. Sentiment towards new-age companies has improved as well, said Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd

Radiowalla Network IPO is an SME IPO that looks to raise Rs 14.25 crore. The IPO is entirely a fresh equity issue of 18.75 lakh shares.

As many as five SME IPOs opened for subscription earlier on Tuesday and four of them sailed through within hours of opening, as usual, backed by strong retail interest.

GConnect Logitech IPO is an SME issue which opened today and will run till March 28. The company looks to raise Rs 5.6 crore via the initial stake sale. The issue is entirely a fresh share sale, with no OFS component.

Ashish Kacholia-backed Radiowalla Network and Vijay Kedia-backed TAC Infosec will open on March 27 and close on April 2.

Ashish Kacholia-backed Radiowalla Network and Vijay Kedia-backed TAC Infosec IPOs will open for subscription on March 27 and close on April 2