Cargotrans Maritime Limited IPO Detail
Incorporated in 2012, Cargotrans Maritime Limited is an international logistics solutions provider. The company's core business is providing sea logistics services including ocean freight forwarding (FCL and LCL), transportation, customs clearance, warehousing and other value-added services to clients.
The company operates at 4 seaports in Gujarat i.e. Mundra, Hazira, Kandla and Pipavav. Currently, Cargotrans Maritime operates a fleet of 9 owned commercial trailers for moving containers and apart from this company also hires third-party transport operators to meet the shipping demand of the customers.
Cargotrans Maritime Limited offers the following services:
Ocean Freight Forwarding, Custom Clearance, Warehousing Services and Transportation Services.
Competitive Strengths:
- Wide range of logistics services and solutions.
- Diversified customer base across varied industry verticals.
- Long standing relationship with Customers.
- Strong relationship with constituents of logistics value chain.
- Experienced Management team.
Company Promoters
Edwin Alexander, Manju Edwin, Mathew Jacob and B Chandrashekhar RaoIPO Details
| IPO Opening Date | Sep 27, 2022 |
| IPO Closing Date | Sep 29, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹4.86 Cr |
| Fresh Issue | ₹4.86 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 129.63x | 166.86x | 148.25x |
IPO Tentative Timetable
The Cargotrans Maritime Limited IPO open date is Sep 27, 2022, and the close date is Sep 29, 2022. The issue may list on Oct 10, 2022.
| IPO Open Date | Sep 27, 2022 |
| IPO Close Date | Sep 29, 2022 |
| Basis of Allotment Date | Oct 04, 2022 |
| Initiation of Refunds | Oct 06, 2022 |
| Credit of Shares to Demat Account | Oct 07, 2022 |
| IPO Listing Date | Oct 10, 2022 |
IPO Lot Size
The Cargotrans Maritime Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹135000 |
| Maximum | 1 | 3000 | ₹135000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.53% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 592.68 | 2058.43 | 27.56 |
| 31-Mar-21 | 1071.37 | 4941.1 | 115.01 |
| 31-Mar-22 | 1157.43 | 8959.92 | 236.28 |
Objects of the Issue:
The company intend to utilize the proceeds of the Issue to meet the following objects: -
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Cargotrans Maritime Limited IPO Registrar:
Bigshare Services Pvt Ltd
Cargotrans Maritime Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Cargotrans Maritime Limited
DBZ-S-61A, 2nd Floor,
Shyam Paragon, Gandhidham,
Kachchh – 370 201
