Oneclick Logistics India Limited IPO

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i. Oneclick Logistics is an integrated logistics services and solutions provider. Their services can be broadly categorized as
i) non-vessel operating common carrier (“NVOCC”);
ii) ocean and air freight forwarding (“Freight Forwarding”);
iii) bulk cargo handling (“Bulk Cargo”);
iv) custom clearance, for which we have arrangement with third parties who have valid Custom House Agent’s License and
v) allied logistics and transportation services.

ii. As an integrated end-to-end logistic services provider, they offer their customers a single-window solution thereby negating the need to approach multiple service providers at different levels in the chain of logistics services. Their services include container handling, clearing and forwarding, custom clearance, brake bulk handling and brokerage, recovery of all type of claims including custom and insurance, warehousing, distribution and supply chain management, port and terminal operations and container freight station operations.

iii. They operate an asset light business model and outsource their infrastructure requirements to third parties. Further, their integrated service model provides them with greater business opportunities from their customers involving wide range of services, contributing to their revenue and profitability. They also benefit from our long-standing relationship with their customers.

iv. They offer their services in India and our primary focus is to offer these services to importers for importing goods from countries namely China, Europe, Singapore and Malaysia where they have presence through their agency partners. Business arrangements with their agency partners enable them to provide their services in jurisdictions where they do not operate directly. Their agency partnerships also help them in acquiring new business opportunities in India through agency partners who do not have direct operations in India.

v. They operate in all major ports in India as well as private ports such as Nhava Sheva, Mundra, Delhi ICD, Pipavav, Chennai and ICD Ahmedabad.

Our products offerings can be classified in following major categories:

i. NVOCC (Non-Vessel Operating Common Carriers)
ii. Freight Forwarding (Sea Freight and Air Freight)
iii. Bulk Cargo
iv. Custom Clearance

Objects of the Oneclick Logistics India Limited IPO:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects: i. Meeting incremental working capital requirements. ii. General corporate purposes.

Oneclick Logistics India Limited IPO Details:

Open Date: Sep 27 2023
Close Date: Oct 03 2023
Total Shares: 1,000,800
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 9.91 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 99 Per Equity Share
Listing At: NSE Emerge
Listing Date: Oct 11 2023

Promoters And Management:

i. Mahesh Liladhar Bhanushali is the Managing Director and Chairman on the board of the Company. He has completed the course in post graduate diploma in foreign trade from the World Trade Center Mumbai in 2009. He has been associated with the Company since its incorporation and has over 5 years of experience in the logistics industry. ii. Rajan Shivram Mote is the Whole Time Director and Chief Financial Officer on the Board of the Company. He holds a bachelor of arts degree in sociology and political science from the University of Mumbai. He has been associated with the Company since its incorporation and has over 5 years of experience in the logistics industry iii. Sakri Liladhar Bhanushali is an Non-Executive Director on the Board of the Company. She has been associated with the Company since its incorporation. She does not have a formal education.

Financials of Oneclick Logistics India Limited IPO:

Particulars ( In Lakhs )
Till ( 10 Feb, 2023 )
Revenue from Operations 1,167 1,329 3,514 2,931
Other Income 0 4 7 11
Total Revenue 1,167 1,333 3,521 2,942
Direct Expenses 1,045 1,095 3,148 2,604
Employee benefits expenses 40 28 68 60
Other Expenses 31 48 94 124
EBITDA 51 162 210 153
Depreciation & Amortisation 0 0 1 1
Finance Cost 4 5 10 0
EBIT 51 162 209 152
OPM (%) 4.38% 12.16% 5.97% 5.21%
PBT 47 157 199 152
Tax 15 55 70 53
PAT 33 102 130 99
NPM (%) 2.79% 7.64% 3.68% 3.36%
No.of Shares 36.03 36.03 36.03 36.03
EPS 0.90 2.82 3.59 2.74

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Oneclick Logistics India Limited 29 1 2.74 36.1 99 36
Amiable Logistics (India) Limited 29 1 6.18 13.1 81 14
Cargosol Logistics Limited 170 4 4.13 11.1 46 47
Timescan Logistics (India) Limited 203 4 10.65 17.6 187 65
Note: - * Oneclick Logistics India Limited data is From ( 01 April, 2022 - to - 10 Feb, 2023 ) * Amiable Logistics (India) Limited data is of FY23. * Cargosol Logistics Limited data is of FY23. * Timescan Logistics (India) Limited data is of FY23.

Recommendation on Oneclick Logistics India Limited IPO:

Review and Recommendation of One Click Logistics SME IPO by IZ team is 2/10

1. Business Model and Services

Oneclick Logistics is an integrated logistics services provider offering a broad range of services, including NVOCC, Freight Forwarding, Bulk Cargo, and Custom Clearance. The company's single-window solution model eliminates the need for customers to approach multiple service providers, thereby streamlining logistics needs.

2. Financials

There is hardly any growth in the last 2 years i.e. Fy22 and Fy23. Margins are also decreasing.

3. Utilization of Funds

The company aims to utilize the proceeds from the IPO for meeting incremental working capital requirements and for general corporate purposes.

4. Comparison with Peers

Compared to peers like Amiable Logistics, Cargosol Logistics, and Timescan Logistics, Oneclick Logistics has a higher P/E ratio. It means that the stock is highly overvalued at the IPO price.


The IPO of Oneclick Logistics appears to have only weaknesses. There is no growth in the business in the last 2 years and, the higher valuation and dependency on third-party services are major areas of concern. Investors should weigh these factors carefully before making an investment decision.

Lead Manager of Oneclick Logistics India Limited IPO:

  1. Fedex Securities Limited

Registrar of Oneclick Logistics India Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Oneclick Logistics India Limited 511, 5th Floor, Goldcrest Business Park, LBS Marg, Opp Shreyes Cinema, Ghatkopar West, Mumbai - 400086 Phone: 022 2500 1717 Email: Website

Discussion on Oneclick Logistics India Limited IPO:

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