Committed Cargo Care Limited IPO Detail
Incorporated in 1998, Committed Cargo Care Limited is an ISO 9001:2015 Company, headquartered in Delhi. The company is engaged in operations as a Third Party Logistics Provider.
They offer Import & Export Cargo and various other integrated services to the customers.
Committed Cargo started as a Clearing House Agent. Now, the entity has expanded its business widely and has established its hubs in Delhi, Mumbai, Chennai, Jaipur, Ludhiana, and Agra. Further, they have a network of associate offices in India and overseas.
Committed Cargo Care Limited is an accredited member of FIATA, The Air Cargo Agent Association of India (ACAAI), and International Air Transport Association (IATA).
Company Promoters
Mr. Rajeev Sharma, Mr. Nitin Bharal, Mr. Narendra Singh Bisht, and Mr. Yashpal AroraIPO Details
| IPO Opening Date | Oct 06, 2023 |
| IPO Closing Date | Oct 10, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹77 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹24.98 Cr |
| Fresh Issue | ₹24.98 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.79x | 3.92x | 2.35x | |
| Day 2 | - | - | 6.39x | 26.62x | 16.51x | |
| Day 3 | - | - | 94.03x | 77.30x | 86.98x |
IPO Tentative Timetable
The Committed Cargo Care Limited IPO open date is Oct 06, 2023, and the close date is Oct 10, 2023. The issue may list on Oct 18, 2023.
| IPO Open Date | Oct 06, 2023 |
| IPO Close Date | Oct 10, 2023 |
| Basis of Allotment Date | Oct 13, 2023 |
| Initiation of Refunds | Oct 16, 2023 |
| Credit of Shares to Demat Account | Oct 17, 2023 |
| IPO Listing Date | Oct 18, 2023 |
IPO Lot Size
The Committed Cargo Care Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹123200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹123200 |
| Maximum | 1 | 1600 | ₹123200 |
IPO Promoter Holding
| Pre Issue Share Holding | 98.00% |
| Post Issue Share Holding | 68.63% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 3035.65 | 11385.89 | 232.20 |
| 31-Mar-22 | 3309.84 | 14612.17 | 308.72 |
| 31-Mar-23 | 4015.13 | 12242.77 | 533.17 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the issue towards the following objects:
- Meeting working capital requirements
- General corporate purposes
Committed Cargo Care Limited IPO Registrar:
Bigshare Services Pvt Ltd
Committed Cargo Care Limited IPO Lead Manager(s):
Fedex Securities Pvt Ltd
Company Contact Information:
Committed Cargo Care Limited
Khasra No. 406, Ground Floor,
A - Block, Gali No. – 8 Mahipalpur Extn.,
New Delhi– 110037
