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Cargosol Logistics Limited IPO Detail

Cargosol Logistics Limited IPO Detail

Incorporated in 2003, Cargosol Logistics Limited is a complete 3 PL (third-party logistics) service provider, delivering end-to-end solutions in the logistics and supply chain domain involving multimodal transport operations (MTO), owning and operating container, sea and air freight, transportation, warehousing, custom clearance services and handling of project cargo.

The company also provide warehousing facilities to the customers and the warehouses are well connected to several manufacturing and consumption clusters located in Thane, Maharashtra.

The company also handle NVOCC (Non-Vessel Owning Common Carrier) facility for the sectors like Indian Sub-continent, Middle East, Upper Gulf, South East Asia and part of Europe through our slot arrangements with feeder operator as well as with mainline operators.

The company is headquartered in Mumbai and has a presence in major locations such as Kalamboli, Pune, New Delhi, Chennai and a warehouse located at Thane.

Cargosol Logistics Limited's customers operate in various sectors across India, including automotive and heavy engineering, telecom, food and agro, fastmoving consumer goods ("FMCG"), paint and dairy.

For the period ending December 31, 2021, and the year ended on March 31, 2021, 2020 and 2019 our total revenue as per Restated Financial Statements were Rs. 135.17 crores, Rs. 103.59 crores, Rs. 64.12 crores and Rs. 55.90 crores respectively.

Company Promoters

Mr. Roshan Kishanchand Rohira and Mr. Samuel Janathan Muliyil

IPO Details

IPO Opening DateSep 28, 2022
IPO Closing DateSep 30, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹28 per equity share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtBSE SME
Issue Size₹7.56 Cr
Fresh Issue₹7.56 Cr
Offer for Sale-
Retail Portion 50%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 - - 84.61x 26.26x 55.43x

IPO Tentative Timetable

The Cargosol Logistics Limited IPO open date is Sep 28, 2022, and the close date is Sep 30, 2022. The issue may list on Oct 11, 2022.

IPO Open DateSep 28, 2022
IPO Close DateSep 30, 2022
Basis of Allotment DateOct 06, 2022
Initiation of RefundsOct 07, 2022
Credit of Shares to Demat AccountOct 10, 2022
IPO Listing DateOct 11, 2022

IPO Lot Size

The Cargosol Logistics Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112000).

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹112000
Maximum14000₹112000

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.52%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-20 2971.67 6412.92 120.14
31-Mar-21 4107.51 10359.99 176.14
31-Mar-22 5782.34 20072.25 553.76

Objects of the Issue:

We intend to utilize the proceeds of the Issue to meet the following objects:-

1. Purchase of vehicle for commercial purpose.
2. Purchase of Containers for expansion of the Non Vessel Owning Common Carrier (NVOCC) division.
3. To meet working capital requirements.
4. General Corporate Purpose.

Cargosol Logistics Limited IPO Registrar:

Link Intime India Private Ltd

Cargosol Logistics Limited IPO Lead Manager(s):

Hem Securities Limited

Company Contact Information:

Cargosol Logistics Limited

502, Swaroop Arcade,

Sahar Road, Andheri,

East, Mumbai - 400099