Oneclick Logistics India IPO Subscription Status: The initial public offering (IPO) of small- and medium-sized enterprise (SME) Oneclick Logistics India received a decent response from investors on the third day of its issue. Oneclick Logistics India IPO has been subscribed 19.55 times on Friday, September 29. The SME IPO of the logistics services provider had opened for subscription on Wednesday, September 27, and will close on Tuesday, 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 19.55 times so far on the third day. The issue has been subscribed 24.36 times in the retail investors’ category and 10.73 times in the NII category.
Oneclick Logistics India IPO retail investors’ portion received bids for 1,15,45,200 shares against 474,000 shares on offer for this segment. Oneclick Logistics India IPO NIIs’ portion received bids for 50,88,000 shares against 474,000 on the offer for this segment.
Oneclick Logistics India IPO GMP Today:
Oneclick Logistics India IPO GMP today or grey market premium is ₹45. This indicates Saakshi Medtech and Panels share price were trading at a premium of ₹45 in the grey market on Wednesday, according to topsharebrokers.com
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 per cent higher than the IPO price of ₹99. According to topsharebrokers.com, the lowest GMP is ₹0, while the highest GMP is ₹50. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Also Read: Oneclick Logistics India IPO: Check GMP, subscription status on day 2, and other details
Oneclick Logistics India IPO Details:
Oneclick Logistics India IPO is a fixed price issue of ₹9.91 crore. The issue is entirely a fresh issue of 10.01 lakh shares. It is a fixed price issue of ₹9.91 crore. The issue is entirely a fresh issue of 10.01 lakh shares. Oneclick Logistics India IPO is ₹99 per share at a face value of ₹10 per share. 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 will 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.
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Updated: 29 Sep 2023, 04:35 PM IST