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 MuliyilIPO Details
IPO Opening Date | Sep 28, 2022 |
IPO Closing Date | Sep 30, 2022 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹28 per equity share |
Market Lot | 4000 Shares |
Min Order Quantity | 4000 Shares |
Listing At | BSE 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 Date | Sep 28, 2022 |
IPO Close Date | Sep 30, 2022 |
Basis of Allotment Date | Oct 06, 2022 |
Initiation of Refunds | Oct 07, 2022 |
Credit of Shares to Demat Account | Oct 10, 2022 |
IPO Listing Date | Oct 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).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 4000 | ₹112000 |
Maximum | 1 | 4000 | ₹112000 |
IPO Promoter Holding
Pre Issue Share Holding | 100% |
Post Issue Share Holding | 73.52% |
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