Oneclick Logistics IPO subscribed 185.21 times on last day; check subscription status, GMP, other details

Oneclick Logistics India IPO Subscription Status: The initial public offering (IPO) of small- and medium-sized enterprise (SME) Oneclick Logistics India Ltd has so far received a strong response from investors. 

Oneclick Logistics IPO has been subscribed 185.21 times on Tuesday, October 3, the fourth and the last day of the bidding process.

The SME IPO of the logistics services provider had opened for subscription on Wednesday, September 27, and will close today, October 3. 

The company has reserved 47.36 per cent for retail investors, 47.36 per cent for other investors (which includes corporates, high-net worth individuals (HNIs), institutions, Qualified Institutional Buyers’ (QIB) and Non-Institutional Investors (NIIs), and the remaining 5.28 per cent for market maker.

The company is an integrated logistics services and solutions provider and offer customers a single-window solution - negating the need to approach multiple service providers at different levels in the chain of logistics services.

The company's service can be broadly classified as non-vessel operating common carrier, ocean and air freight forwarding (freight forwarding, bulk cargo handling, and custom clearance. Incorporated in 2017, the company operates an asset-light business model and outsource their infrastructure requirements to third parties.

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Oneclick Logistics India IPO Subscription Status:

Oneclick Logistics India IPO has been subscribed 185.21 times on the last day. The public issue received bids for 17.55 crore equity shares as against 9.48 lakh shares on the offer, as per data available till chittorgarh.com

The public issue has been subscribed 224.19 times in the retail category and 139.45 times in the Non-Institutional Investors' (NII) category.

Oneclick Logistics India IPO GMP Today:

Oneclick Logistics India IPO GMP today or grey market premium is ₹45 per share. This indicates Oneclick Logistics India share price were trading at a premium of ₹45 in the grey market on Tuesday, as per market observers.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Oneclick Logistics India share price is ₹144 apiece, which is 45.45% higher than the IPO price of ₹99. 

Oneclick Logistics India IPO Details:

Oneclick Logistics India IPO is a fixed price issue of ₹9.91 crore which is entirely a fresh issue of 10.01 lakh shares. 

Oneclick Logistics IPO price band is ₹99 per share at a face value of each share is ₹10 apiece. Investors can bid for a minimum of 1,200 shares and in multiples thereof.

A retail investor would require minimum ₹1,18,800 ( ₹99 x 1,200) to apply for the SME issue. 

Oneclick Logistics India IPO basis of allotment of shares is likely to be finalised on Friday, October 6, and the company will initiate refunds on Monday, October 9, while the shares will be credited to the demat account of allottees on Tuesday, October 10.

Oneclick Logistics India shares are estimated to be listed on October 11 at NSE SME.

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