Cargosol Logistics IPO vs Concord Control Systems IPO

Comparison between Cargosol Logistics IPO and Concord Control Systems IPO.

IPO Details

Cargosol Logistics IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Concord Control Systems IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Cargosol Logistics IPO is up to ₹7.17 Cr whereas the issue size of the Concord Control Systems IPO is up to ₹7.89 Cr. The final issue price of Cargosol Logistics IPO is ₹28.00 per share and of Concord Control Systems IPO is ₹55.00 per share.

 Cargosol Logistics IPOConcord Control Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹53.00 per share
Issue Price (Upper)₹55.00 per share
Issue Price (Final)₹28.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares2000 shares
Fresh Issue Size25,60,000 shares14,34,000 shares
Fresh Issue Size (Amount)up to ₹7.17 Crup to ₹7.89 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,60,000 shares14,34,000 shares
Issue Size Total (Amount)up to ₹7.17 Crup to ₹7.89 Cr

IPO Timetable

Cargosol Logistics IPO opens on Sep 28, 2022, while Concord Control Systems IPO opens on Sep 27, 2022. The closing date of Cargosol Logistics IPO and Concord Control Systems IPO is Sep 30, 2022, and Sep 29, 2022, respectively.

 Cargosol Logistics IPOConcord Control Systems IPO
Anchor Bid DateSep 26, 2022
Issue OpenSep 28, 2022Sep 27, 2022
Issue CloseSep 30, 2022Sep 29, 2022
Basis Of Allotment (Tentative)Oct 06, 2022Oct 04, 2022
Initiation of Refunds (Tentative)Oct 07, 2022Oct 06, 2022
Credit of Share (Tentative)Oct 10, 2022Oct 07, 2022
Listing date (Tentative)Oct 10, 2022Oct 10, 2022
Anchor Lockin End date 1Nov 03, 2022
Anchor Lockin End date 2Jan 02, 2023

Financials & KPIs

Cargosol Logistics IPO P/E ratio is 5.15, as compared to Concord Control Systems IPO P/E ratio of 12.14.

 Cargosol Logistics IPOConcord Control Systems IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets57.8241.0829.7226.89
Total Income200.72103.6064.1355.91
Profit After Tax5.541.761.201.02
NET Worth16.009.797.826.57
Reserves and Surplus8.507.296.826.07
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets14.6712.518.38
Total Income31.7417.6115.89
Profit After Tax2.591.431.05
NET Worth7.544.953.51
Reserves and Surplus7.344.753.30
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)73.5273.53
P/E Ratio5.1512.14
Market Cap₹28.56 Cr.₹31.42 Cr.
ROE4341.45
ROCE23.843.74
Debt/Equity1.410.42
EPS₹8.28₹6.17
RoNW38.8134.35

Shares Offered

In the Cargosol Logistics IPO Retail Individual Investors (RII) are offered 12,80,000 shares while in Concord Control Systems IPO retail investors are offered 12,80,000 shares. Qualified Institutional Buyers (QIB) are offered in Cargosol Logistics IPO and 2,88,000 shares in Concord Control Systems IPO.

 Cargosol Logistics IPOConcord Control Systems IPO
Anchor Investor Reservation4,28,000 shares
Market Maker Reservation1,40,000 shares78,000 shares
QIB2,88,000 shares
NII12,80,000 shares2,16,000 shares
RII12,80,000 shares5,02,000 shares
Employee
Others
Total25,60,000 shares14,34,000 shares

Bids Received (Subscription)

Cargosol Logistics IPO subscribed 55.43x in total, whereas Concord Control Systems IPO subscribed 202.41x.

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Cargosol Logistics IPO Vs Concord Control Systems IPO