Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Wed, Sep 28, 2022 - Fri, Sep 30, 2022
Cargosol Logistics IPO is a fixed price issue of ₹7.56 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹7.56 crore.
Cargosol Logistics IPO bidding started from Sep 28, 2022 and ended on Sep 30, 2022. The allotment for Cargosol Logistics IPO was finalized on Oct 6, 2022. The shares got listed on BSE SME on Oct 10, 2022.
Cargosol Logistics IPO price is ₹28 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,12,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,24,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Cargosol Logistics IPO RHP for detailed Information.
IPO Open
Wed, Sep 28, 2022
IPO Close
Fri, Sep 30, 2022
Issue Price
₹28 per share
Market Cap (Pre-IPO)
₹28.56 Cr
| IPO Date | 28 to 30 Sep, 2022 |
| Listed on | Mon, Oct 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,00,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,40,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.3920 Cr) |
| Fresh Issue (Ex Market Maker) | 25,60,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 25,60,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,02,00,000 shares |
| BSE Script Code | 543621 |
| ISIN | INE0KZM01011 |
Cargosol Logistics IPO comprises a total issue size of 27,00,000 shares. The net offer to the public is 25,60,000 shares, after excluding 1,40,000 shares allotted on a firm basis. Of the Net offer 12,80,000 (50.00%) allocated to NII 12,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,80,000 | 50.00% | 47.41% |
| Retail Shares Offered | 12,80,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,40,000 | 5.19% | |
| Total Shares Offered | 27,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,12,000 |
| Retail (Max) | 1 | 4,000 | ₹1,12,000 |
| HNI (Min) | 2 | 8,000 | ₹2,24,000 |
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.
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 57.82 | 41.08 | 29.72 | 26.89 |
| Total Income | 200.72 | 103.60 | 64.13 | 55.91 |
| Profit After Tax | 5.54 | 1.76 | 1.20 | 1.02 |
| NET Worth | 16.00 | 9.79 | 7.82 | 6.57 |
| Reserves and Surplus | 8.50 | 7.29 | 6.82 | 6.07 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of vehicle for commercial purpose | 2.33 |
| 2 | Purchase of Containers for expansion of the NVOCC division | 2.06 |
| 3 | To meet working capital requirements | 2.00 |
| 4 | General Corporate Purpose | 0.29 |
| KPI | |
|---|---|
| ROE | 43 |
| ROCE | 23.8 |
| Debt/Equity | 1.41 |
| RoNW | 38.81 |
| PAT Margin | 2.76% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.28 | |
| P/E (x) | 5.15 | |
| Promoter Holding | 100% | 73.52% |
| Market Cap | ₹28.56 Cr. |
The Cargosol Logistics IPO is subscribed 55.43 times on September 30, 2022 6:59:00 PM (Day 3). The public issue subscribed 26.26 times in the retail category, [.] times in the QIB category, and 84.61 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 84.61 | 12,80,000 | 10,82,96,000 |
| Retail | 26.26 | 12,80,000 | 3,36,16,000 |
| Total | 55.43 | 25,60,000 | 14,19,12,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.22 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.04 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.03 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 0.53 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹42.40 |
| Low | ₹40.60 |
| High | ₹44.50 |
| Last Trade | ₹44.50 |
Lead Manager Reports
Cargosol Logistics IPO is a SME IPO of 27,00,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Sep 28, 2022, and closes on Fri, Sep 30, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Cargosol Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Cargosol Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cargosol Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cargosol Logistics IPO opens on Wed, Sep 28, 2022 and closes on Fri, Sep 30, 2022.
Cargosol Logistics IPO lot size is 4000, and the minimum amount required for application is ₹1,12,000.
You can apply in Cargosol Logistics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Cargosol Logistics IPO will be done on Thursday, October 6, 2022, and the allotted shares will be credited to your demat account by Mon, Oct 10, 2022. Check the Cargosol Logistics IPO allotment status.
The Cargosol Logistics IPO listing date is on Mon, Oct 10, 2022.
