Shares of Oneclick Logistics made a strong debut, listing at a 41.41 percent premium over the IPO price, on October 11. The stock opened at Rs 140 against the issue price of Rs 99 on the NSE SME platform. Ahead of the listing, the grey market premium (GMP) was at Rs 50, implying a listing price of Rs 149.
The price of the small and medium-sized enterprise (SME) IPO, which opened for bids on September 27 and closed on October 3, was fixed at Rs 99 per share.
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The public issue was bought 185.21 times. High-net-worth individuals (HNI) bought 139.45 times, while retail investors remained at the forefront subscribing 224.19 times. Through the IPO, the company raised Rs 9.91 crore. The offer was an entirely fresh issue of 10 lakh shares and there was no offer-for-sale component.
The issue's book-running lead manager was Fedex Securities Pvt Ltd, Bigshare Services Pvt Ltd was the registrar, and SS Corporate Securities was the market maker. The promoters of the company are Rajan Shivram Mote and Mahesh Liladhar Bhanushali. Pre-issue, promoters and the promoter group held 93 percent and post-issue their stake came down to 67.17 percent.
The company will use the proceeds from the issue to meet incremental working capital requirements and the remaining amount will be used for general corporate purposes.
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