OneClick Logistics India
Fixed Price issueSME₹9.91 Cr issue
+41.41%
Listing gain over issue price
Issue size
₹9.91 Cr
1 lot at cut-off
₹1,18,800
Lot size
1,200shares
Open
27 Sep 2023
Close
03 Oct 2023
Allotment
06 Oct 2023
Listing
11 Oct 2023
Listing performance
Issue price
₹99
Listed at
₹140
Listing-day close
₹133
Latest price
₹315
Close on 23 Oct 2026
Listing gain
+41.41%
Return since issue
+218.18%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 27 Sep 2023 – 03 Oct 2023
- Listing date
- 11 Oct 2023
- Face value
- ₹10 per share
- Issue price
- ₹99 per share
- Lot size
- 1,200 shares
- Issue type
- Fixed Price issue
- Total issue size
- ₹9.91 Cr
- Market cap at offer price
- ₹35.68 Cr
- Promoter holding
- 93.00% → 67.17% pre-issue → post-issue
- ISIN
- INE0OPS01011
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Fedex Securities Pvt.Ltd.
- Registered office
- 511, 5th Floor, Goldcrest Business Park, LBS Marg, Opp Shreyes Cinema, Ghatkoper (West), Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 52,800 | — | — |
Application size
Minimum 1,200 shares per lot, in multiples, at ₹99
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,18,800 |
| S-HNI (min) | 2 | 2,400 | ₹2,37,600 |
| S-HNI (max) | 8 | 9,600 | ₹9,50,400 |
| B-HNI (min) | 9 | 10,800 | ₹10,69,200 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
₹99 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 4.08 | — |
| P/E (×) | 24.26 | — |
| Market cap | — | ₹35.68 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 95.09%
- ROCE
- 27.00%
- Debt / equity
- 9.43
- PAT margin
- 4.98%
- NAV per share
- ₹4.28
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About OneClick Logistics India
Oneclick Logistics India Limited, incorporated on December 14, 2022, acquired the business of Oneclick Logistics LLP (established October 24, 2017) effective February 10, 2023. The company operates as an integrated end-to-end logistics services provider offering customers a single-window solution for their logistics and supply chain needs, negating the requirement to approach multiple service providers. The company serves customers across various industries including automotive, FMCG, pharmaceuticals, and consumer durables by providing comprehensive logistics solutions. For the period ended March 31, 2023, the company generated total revenue of ₹416.23 lakhs with profit after tax of ₹19.35 lakhs.
Company Analysis
from RHPOneclick Logistics India Limited is an integrated logistics services and solutions provider offering non-vessel operating common carrier (NVOCC), ocean and air freight forwarding, bulk cargo handling, custom clearance, and allied logistics transportation services across domestic and international markets.
Oneclick Logistics India Limited, incorporated on December 14, 2022, acquired the business of Oneclick Logistics LLP (established October 24, 2017) effective February 10, 2023. The company operates as an integrated end-to-end logistics services provider offering customers a single-window solution for their logistics and supply chain needs, negating the requirement to approach multiple service providers. The company serves customers across various industries including automotive, FMCG, pharmaceuticals, and consumer durables by providing comprehensive logistics solutions. For the period ended March 31, 2023, the company generated total revenue of ₹416.23 lakhs with profit after tax of ₹19.35 lakhs.
LogisticsFreight ForwardingSupply Chain ManagementOcean ShippingAir CargoBulk Cargo HandlingTransportation Services
Objects of the Issue
- Meeting incremental working capital requirements ₹720.00 Lakhs p.23
- General corporate purposes ₹120.79 Lakhs p.23
- Meeting incremental working capital requirements ₹720.89 lakhs p.80
- General corporate purposes ₹119.90 lakhs p.80
- Not specified in this part of the document
Issue Structure
- Total Issue
- ₹990.79 Lakhs
- Fresh Issue
- 1,000,800 Equity Shares of face value ₹10 each at ₹99 per share aggregating ₹990.79 Lakhs
- Offer for Sale
- NA
- Price Band
- ₹99 per Equity Share (Fixed Price)
- Lot Size
- 1,200 Equity Shares (Application Lot)
- Face Value
- ₹10 per Equity Share
Business Model
The company generates revenue by providing integrated logistics services including: (1) non-vessel operating common carrier (NVOCC) services for ocean freight; (2) ocean and air freight forwarding; (3) bulk cargo handling; (4) custom clearance services (through arrangements with third parties holding valid Custom House Agent licenses); and (5) allied logistics and transportation services. The company operates on an asset-light model, leveraging third-party carriers, airlines, and inland transportation companies for cargo movement while providing integrated coordination and value-added services to customers.
Business Segments
Provides ocean freight services without owning or operating vessels
Ocean and air freight forwarding services for international cargo movement
Bulk cargo handling services
Custom clearance services arranged through third parties with valid Custom House Agent licenses
Other allied logistics and transportation services
NVOCC services aggregate freight requirements from customers and book space on vessels for shipment. The company gathers goods from different shippers and consolidates them into containers, handles all paperwork and customs documentation, tracks shipments, and arranges delivery at destination.
The company provides both sea freight forwarding and air freight forwarding services. Sea freight forwarding arranges shipping for import consignments and handles documentation. Air freight forwarding handles consignments of any size and shape with international air transportation network. For the period from December 14, 2022 to March 31, 2023, freight forwarding contributed 84.76% of total revenue.
Bulk cargo or break-bulk cargo services handle non-containerized transportation of goods by vessel. Goods are loaded individually onto vessels, typically packed onto pallets, crates, or other platforms. The company offers flexibility in transporting machinery, equipment, vehicles, and other large or non-containerized items.
The company outsources custom clearance services through registered Custom House Agents. Services include customs documentation, carting/receiving goods, examination of shipments, registration with customs, clearance of import cargo at port of entry, reconciliation after import completion, port handling, bonded warehouse arrangement, and advisory services.
The company arranges warehousing services for customers to store inventory, consolidate goods, repack items, and manage documentation and labelling. Services include storage, picking, packing, labelling, warehouse management, and shipping & deliveries. The company provides warehousing services at Bhiwandi, Nhava Seva, and Kalamboli.
The company arranges transportation of goods from exporter's location to port or airport of departure, and from port/airport to final destination. Services include standardized surface transportation, transportation of general cargo, transportation of heavy and over-dimensional consignments, and unloading of cargo at site. The company relies on third-party transporters for road transportation services.
Provision of clearing and forwarding services, multimodal transportation of goods, and related documentation work for international shipments. The company operates on a one-stop logistics solution approach catering to varying market bases and clientele.
Provides NVOCC, ocean and air freight forwarding, bulk cargo handling, custom clearance, and allied logistics services including container handling, clearing and forwarding, brake bulk handling and brokerage, recovery of claims, warehousing, distribution and supply chain management, port and terminal operations, and container freight station services.
SWOT Analysis
Strengths
- • Integrated end-to-end logistics provider with single-window solution(p.23)
- • Asset-light business model providing operational flexibility(p.31)
- • Established promoter experience in logistics industry with customer relationships(p.37)
- • Diverse service portfolio across NVOCC, freight forwarding, bulk cargo, and customs clearance(p.23)
- • Diversified customer base across multiple sectors(p.124)
- • Integrated end-to-end logistics services offering(p.124)
- • Experienced promoters with 10+ years in logistics(p.116)
- • Strong existing supplier relationships(p.124)
- • Long-standing customer relationships with repeat business(p.128)
- • Experienced management team with deep industry knowledge(p.128)
- • One-stop integrated logistics solution capability(p.128)
- • Established multimodal transport operator status(p.144)
- • Efficient, economical service delivery model(p.128)
- • Global network through mutual cooperation agreements(p.128)
- • Integrated end-to-end logistics service provision reducing customer dependence on multiple providers(p.210)
- • Significant revenue growth of 164.43% in FY 2022 driven by post-COVID freight rate increases(p.216)
- • Client acquisition capability with 33 new clients added during FY 2022(p.216)
- • Positive net worth and profitability across multiple years(p.233)
Weaknesses
- • Limited operating history as a company; incorporated December 2022, acquired LLP February 2023(p.29)
- • High customer concentration with top 10 and top 5 customers representing 56.57% and 42.03% of revenues(p.34)
- • High vendor concentration with top 10 vendors representing 35.59% of total purchases(p.34)
- • Rented registered office with no ownership; reliance on continued lease arrangement(p.33)
- • No registered trademark; trademark registration status is objected(p.30)
- • High reliance on third-party carriers and transportation companies for cargo movement(p.31)
- • Dependence on overseas agent network with limited control over their operations(p.32)
- • High trade receivables of ₹562.72 lakhs indicating significant credit exposure(p.39)
- • Dependence on limited number of large customers(p.126)
- • Asset-light model with reliance on third-party outsourcing(p.115)
- • Small company size relative to competitors(p.127)
- • High dependency on custom clearance third parties(p.119)
- • Minimal asset base with very limited property, plant and equipment(p.176)
- • High financial leverage with debt-to-equity ratio of 9.43(p.189)
- • Significant aged trade receivables outstanding(p.189)
- • Very small employee base of only 20 staff(p.128)
- • Trademark application objected by authorities(p.130)
- • Heavy reliance on directors' unsecured loans(p.181)
- • Significant customer concentration with top customer representing 56.57% of revenue(p.219)
- • High vendor concentration with top vendor representing 35.39% of direct expenses(p.219)
- • Declining EBITDA margins from 5.79% in FY 2022 to 0.56% for recent period(p.212)
- • Deteriorating profitability with PAT margin declining from 3.69% in FY 2022 to 4.65% in recent period despite lower revenue base(p.212)
- • Secured and unsecured debt of ₹191.86 Lakhs as of March 31, 2023(p.221)
Opportunities
- • Growing logistics sector representing 5% of India's GDP with significant employment base(p.23)
- • Expanding outsourcing trend in supply chain management and logistics services(p.41)
- • Potential for customer base expansion and market penetration in organized logistics sector(p.34)
- • Expansion through increased sales volume(p.125)
- • Growth in India's logistics sector(p.111)
- • Projected freight activity growth to 2050(p.111)
- • Technology upgradation for competitive advantage(p.126)
- • Expansion to new geographic markets(p.125)
- • Expansion through maharashtra logistics sector growth initiatives(p.133)
- • Geographic expansion through new market entry(p.144)
- • Customized logistics solutions for diverse market segments(p.128)
- • Access to special economic zone benefits(p.134)
- • Potential for operational scaling and business expansion(p.211)
- • Technology advancement adoption to support logistics operations(p.211)
- • Strategic expansion through additional customer acquisition beyond existing base(p.216)
- • Potential for margin improvement through operational efficiency(p.211)
Threats
- • Highly competitive logistics industry with pressure on freight rates(p.30)
- • Trade restrictions and tariff regulations affecting international cargo movement(p.31)
- • Significant increases in freight and transportation costs affecting profitability(p.36)
- • Foreign currency exchange rate fluctuations affecting international operations(p.37)
- • Dependence on customers' business performance and their outsourcing decisions(p.31)
- • Economic slowdown and global trade decline affecting business volumes(p.30)
- • COVID-19 pandemic continuing to disrupt operations and increase costs(p.36)
- • Seasonal demand fluctuations affecting quarterly financial results(p.38)
- • Requirement to obtain and maintain multiple regulatory approvals and licenses(p.37)
- • Transportation infrastructure disruptions and natural calamities affecting operations(p.40)
- • Highly fragmented and unorganized competitive industry(p.127)
- • Low entry barriers attracting new competitors(p.127)
- • Global logistics competition from larger players(p.127)
- • Economic and freight cyclicality risks(p.124)
- • Regulatory compliance requirements across multiple transport laws(p.131)
- • Dependency on obtaining and maintaining multiple statutory licenses(p.132)
- • Motor vehicle regulations and transport permit requirements(p.131)
- • Complex multimodal operator compliance obligations(p.131)
- • GST and indirect tax compliance complexity(p.136)
- • Labor law compliance and employee benefit obligations(p.136)
- • General economic and business conditions volatility affecting operations(p.211)
- • Increased freight costs and operating cost fluctuations(p.211)
- • Competitive pressures from existing and new market entrants(p.211)
- • Regulatory changes in the logistics sector(p.211)
- • Exposure to natural and man-made disasters(p.211)
- • Forex volatility and exchange rate fluctuations(p.220)
- • Counterparty default risk from customers and suppliers(p.220)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mahesh Liladhar Bhanushali | Promoter | 44.09% | 32.76% |
| Rajan Shivram Mote | Promoter | 44.18% | 32.83% |
| Rajan Shivram Mote | Promoter | 44.18% | 31.91% |
| Mahesh Liladhar Bhanushali | Promoter | 44.09% | 31.85% |
| Sakri Liladhar Bhanushali | Promoter Group | 1.00% | 0.72% |
| Rupal Mahesh Bhanushali | Promoter Group | 1.00% | 0.72% |
| Anjana Rajan Mote | Promoter Group | 1.00% | 0.72% |
| Sitabai Shivram Mote | Promoter Group | 0.82% | 0.59% |
| Liladhar Tulsidas Bhanushali | Promoter Group | 0.50% | 0.36% |
| Meghna Bhanushali | Promoter Group | 0.41% | 0.30% |
| Mahesh Liladhar Bhanushali | Promoter | 44.09% | — |
| Rajan Shivram Mote | Promoter | 44.18% | — |
Leadership
Mahesh Liladhar Bhanushali · Managing Director
Rajan Shivram Mote · Whole-time Director and Chief Financial Officer
Komal Khesakani · Company Secretary & Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
OneClick Logistics India IPO FAQs
What is the lot size of OneClick Logistics India IPO?
The minimum lot size of OneClick Logistics India IPO is 1,200 shares. One lot costs ₹1,18,800 at the cut-off price.
When does OneClick Logistics India IPO open and close?
OneClick Logistics India IPO opened for subscription on 27 Sep 2023 and closed on 03 Oct 2023.
What is the listing date of OneClick Logistics India IPO?
OneClick Logistics India IPO listed on 11 Oct 2023.