The scrip was listed at Rs 140, up 41.41% over the initial public offer (IPO) price. The stock was currently frozen at an lower limit of 5% from its listing price.
The counter hit a high of Rs 140 and a low of Rs 133. About 3.56 lakh shares of the company changed hands at the counter.
Oneclick Logistics India's IPO was subscribed 172.28 times. The issue opened for bidding on 27 September 2023 and it closed on 3 October 2023. The IPO price was fixed at Rs 99 per share.
The IPO comprised fresh issue of 10,00,800 equity shares aggregating to Rs 9.90 crore. The promoter and promoter group shareholding diluted to 67.17% post IPO from 93% pre-IPO.
The company intends to utilize the net proceeds from the issue for meeting the working capital requirements; general corporate purposes and issue expenses.
Oneclick Logistics India is an integrated logistics services and solutions provider. The company's services can be broadly categorized as non-vessel operating common carrier; ocean and air freight forwarding; bulk cargo handling; custom clearance, for which we have arrangement with third parties who have valid Custom House Agent's License and allied logistics and transportation services. As on 31 August 2023, the company has 20 employees.
On a consolidated basis, the company recorded a total revenue of Rs 35.21 crore and net profit of Rs 1.29 crore for the year ended on 31 March 2022.