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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 ₹28.00 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). The minimum lot size investment for 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 Date | September 28, 2022 to September 30, 2022 |
| Listing Date | October 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,00,000 shares (aggregating up to ₹7.56 Cr) |
| Reserved for Market Maker | 1,40,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.3920 Cr) |
| Net Offered to Public | 25,60,000 shares (aggregating up to ₹7.17 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,02,00,000 shares |
Cargosol Logistics IPO offers total 27,00,000 shares. Out of which 12,80,000 (47.41%) allocated to NII, 12,80,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,40,000 (5.19%) |
| NII (HNI) Shares Offered | 12,80,000 (47.41%) |
| Retail Shares Offered | 12,80,000 (47.41%) |
| Total Shares Offered | 27,00,000 (100.00%) |
Cargosol Logistics IPO opens on September 28, 2022, and closes on September 30, 2022.
| IPO Open Date | Wed, Sep 28, 2022 |
| IPO Close Date | Fri, Sep 30, 2022 |
| Tentative Allotment | Thu, Oct 6, 2022 |
| Initiation of Refunds | Fri, Oct 7, 2022 |
| Credit of Shares to Demat | Mon, Oct 10, 2022 |
| Tentative Listing Date | Mon, Oct 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 30, 2022 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 2689.2 | 5590.79 | 101.88 | 656.57 | 606.57 |
| 31-Mar-20 | 2971.67 | 6412.92 | 120.14 | 782.46 | 682.46 |
| 31-Mar-21 | 4107.51 | 10359.99 | 176.14 | 978.96 | 728.96 |
| 31-Mar-22 | 5782.34 | 20072.25 | 553.76 | 1599.82 | 849.82 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Cargosol Logistics IPO is ₹28.56 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 5.15 |
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.
5. To meet issue expenses.
[Dilip Davda] CLL is operating in a highly competitive segment. Based on FY22 super earnings, the issue appears reasonably priced. Higher spending for IPO raises concerns. Considering bright prospects for the segment, cash surplus investors may consider investment from a long-term perspective. Read detail review...
| Listing Date | October 10, 2022 |
| BSE Script Code | 543621 |
| NSE Symbol | |
| ISIN | INE0KZM01011 |
| Final Issue Price | ₹28 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹42.40 |
| Low | ₹40.60 |
| High | ₹44.50 |
| Last Trade | ₹44.50 |
Cargosol Logistics Ltd.
502, Swaroop Arcade,
Sahar Road,
Andheri
Mumbai, Maharashtra, 400099
Phone: +91-022-66126000
Email: cs@cargosol.com
Website: https://cargosol.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: cargosol.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Cargosol Logistics IPO is a SME IPO of 27,00,000 equity shares of the face value of ₹10 aggregating up to ₹7.56 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on September 28, 2022, and closes on September 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 September 28, 2022 and closes on September 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 Monday, October 10, 2022. Check the Cargosol Logistics IPO allotment status.
The Cargosol Logistics IPO listing date is on Monday, October 10, 2022.
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