Oneclick Logistics India LTD. IPO - Review, Valuation & Todays GMP

Oneclick Logistics India Limited - Complete Overview

Established in 2017, Oneclick Logistics India Limited is an integrated provider of logistics services and solutions. The company's services can be categorized as follows:

1. Non-vessel operating common carrier ("NVOCC").
2. Ocean and air freight forwarding ("Freight Forwarding").
3. Bulk cargo handling ("Bulk Cargo").
4. Custom clearance, facilitated through arrangements with third parties possessing valid Custom House Agent's Licenses.
5. Allied logistics and transportation services.

Oneclick Logistics India Limited offers a streamlined, single-window solution to its customers, eliminating the need to engage multiple service providers at various stages of the logistics process.

The company's services encompass a wide range, including container handling, clearing and forwarding, customs clearance, brake bulk handling and brokerage, recovery of various types of claims (including customs and insurance), warehousing, distribution, supply chain management, port and terminal operations, and container freight station operations.

Oneclick Logistics India Limited operates in all major Indian ports, as well as private ports such as Nhava Sheva, Mundra, Delhi ICD, Pipavav, Chennai, and ICD Ahmedabad. As of now, the company has provided services to 627 customers.

 

What does the company do?

OneClick Logistics India Limited operates as an integrated logistics services and solutions provider.

 

 

IPO Overview 

The Oneclick Logistics India Limited IPO date is scheduled from September 27, 2023, to October 3, 2023. This SME IPO is classified as a Fixed Price Issue IPO.

The company aims to raise Rs. 9.91 Crores in funds through this upcoming SME IPO, with each share priced at Rs. 99.

In terms of allocation, 50% of the shares are designated for retail investors, while the remaining 50% are allocated to other investors.

 

Oneclick Logistics India Limited IPO timetable (Tentative)

Events	Date
IPO Opening Date	27 September 2023
IPO Closing Date	3 October 2023
IPO Allotment Date	6 October 2023
Refund initiation	9 October 2023
IPO Listing Date	11 October 2023

 

Oneclick Logistics India Limited IPO Details

IPO opening & closing date	27 September to 3 October 2023
Face value	Rs.10 per Share
Issue Price	Rs.99 per Share
Lot Size	1200 Shares
Price of 1 lot	Rs.118,800
Issue Size	1,000,800 Shares (aggregating up to Rs. 9.91 Cr)
Offer for sale	NA
Fresh issue	1,000,800 Shares (aggregating up to Rs. 9.91 Cr)
Listing at	NSE SME
Issue Type	Fixed Price Issue IPO
Registrar	Bigshare Services Pvt Ltd

 

Oneclick Logistics India Limited IPO Lot Details 

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lot
Minimum Lot Investment (HNI)	2 Lot

 

Oneclick Logistics India Limited IPO Reservation

Other Investors share Portion	50%
Retail Investors share Portion	50%

 

Company Financial

Amount in Lakhs

Period	FY 21	FY 22	FY 23
Total Assets	446.41	489.41	997.97
Total Revenue	1,167.35	1,332.79	3,520.95
PAT	32.61	101.83	129.69
Net worth	65.42	185.50	265.85
Reserve & Surplus	20.20	98.12	157.22
Total Borrowings	-	-	-

 

Geography-wise Revenue of Oneclick Logistics India Limited

(Amount in Lakhs)

Particulars	February 16,2023 to March 31,2023	February 11,2023 to February 15,2023	April 01, 2022 to February 10,2023
Domestic Sales	368.37	20.48	2927.94
Export Sales	-	-	3.47
Total	368.37	20.48	2931.41

 

Product-wise Revenue of Oneclick Logistics India Limited

(Amount in Lakhs)

Particulars	February 11,2023 to February 15,2023	April 01, 2022 to February 10,2023	FY 22
Air Import Revenue Account	27,31,636	32,751,050	26,185,437
Air Export Revenue Account	99,723	1,848,878	737,272
FCL Import Revenue Account	2,57,27,322	191,823,824	249,467,212
FCL Export Revenue Account	2,90,238	1,572,278	2,320,534
LCL Import Revenue Account	-	62,723,774	71,107,506
LCL Export Revenue Account	1,00,36,161	2,421,180	1,622,032
Import Ocean Clearance Income Account	-	-	-
Land Freight Income Account	-	-	-
Total	3,88,85,080	293,140,984	351,439,993

 

Objective of the Issue 

The company intends to use the Net Proceeds generated from the issue for the following purposes:

• Addressing increased working capital needs.
• Covering general corporate expenses.

 

Promoters and Management of Oneclick Logistics India Limited

Mahesh Liladhar Bhanushali and Rajan Shivram Mote are the promoters of the company.

Pre-issue Promoter Shareholding	93.00%
Post-issue Promoter Shareholding	67.17%

 

Peer Comparison

Below are the listed peers of Oneclick Logistics India Limited

Company Name	CMP (Rs.)	EPS (Rs.)	P/E Ratio
Oneclick Logistics India Limited	99	4.07	24.30
Amiable Logistics (India) Limited	84	6.19	13.57
Cargosol Logistics Limited	48	3.20	14.98
Timescan Logistics (India) Limited	195	10.65	18.30

 

IPO's Valuations

To evaluate the IPO valuation, the company has furnished data in its DRHP. Oneclick Logistics India Limited IPO price is set at Rs. 99 per share, with an EPS of Rs. 4.078. Considering the issue price, the company's PE ratio stands at 24.30.

 

Dividend Policy 

The company has not distributed or disbursed any dividends on its Equity Shares previously, and any potential future dividend payments will be contingent upon the company's future performance.

 

IPO's Strengths 

• Varied customer portfolio.
• Holistic logistics solutions.
• Established supplier relationships.
• Seasoned promoters and management team.

 

IPO Weaknesses 

• The company operates within a highly competitive industry.
• Global economic conditions could significantly impact the business.
• The company's success relies on the performance of its customers, developments in their respective markets and industries, and its continued outsourcing of logistics operations.
• The company depends on third-party carriers and inland transportation companies to transport its clients' cargo.
• The effectiveness of the company's freight forwarding business hinges on the network of overseas agents for meeting customer logistics requirements.
• Being an asset-light third-party logistics company exposes the company to certain risks and delivery delays.
• The majority of the company's revenue comes from its top 10 customers.
• Substantial increases in freight, transportation, and other costs could have a material and adverse effect on the business.
• The company is required to obtain specific approvals and licenses as part of its regular business operations.
• The business relies on India's transportation infrastructure and the uninterrupted use of vehicles.

 

 

IPO GMP Today

Latest GMP of Oneclick Logistics India SME IPO is Rs. 40.

 

Conclusion

Oneclick Logistics India provides integrated logistics services and operates in a competitive segment. The company offers its services through third-party contracts. The company's performance is also not very satisfactory, and it operated for only 108 days in FY 23. Therefore, it is advisable to make investment decisions carefully after evaluating all the factors.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

 

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

 

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