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Cargotrans Maritime IPO is a fixed price issue of ₹4.86 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹4.86 crore.
Cargotrans Maritime IPO bidding started from Sep 27, 2022 and ended on Sep 29, 2022. The allotment for Cargotrans Maritime IPO was finalized on Oct 4, 2022. The shares got listed on BSE SME on Oct 10, 2022.
Cargotrans Maritime IPO price is ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Cargotrans Maritime IPO RHP for detailed Information.
| IPO Date | September 27, 2022 to September 29, 2022 |
| Listing Date | October 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 10,80,000 shares (aggregating up to ₹4.86 Cr) |
| Reserved for Market Maker | 60,000 shares Hem Securities Ltd. (aggregating up to ₹0.2700 Cr) |
| Net Offered to Public | 10,20,000 shares (aggregating up to ₹4.59 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 30,00,000 shares |
| Share Holding Post Issue | 40,80,000 shares |
Cargotrans Maritime IPO offers total 10,80,000 shares. Out of which 5,10,000 (47.22%) allocated to NII, 5,10,000 (47.22%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 60,000 (5.56%) |
| NII (HNI) Shares Offered | 5,10,000 (47.22%) |
| Retail Shares Offered | 5,10,000 (47.22%) |
| Total Shares Offered | 10,80,000 (100.00%) |
Cargotrans Maritime IPO opens on September 27, 2022, and closes on September 29, 2022.
| IPO Open Date | Tue, Sep 27, 2022 |
| IPO Close Date | Thu, Sep 29, 2022 |
| Tentative Allotment | Tue, Oct 4, 2022 |
| Initiation of Refunds | Thu, Oct 6, 2022 |
| Credit of Shares to Demat | Fri, Oct 7, 2022 |
| Tentative Listing Date | Mon, Oct 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 29, 2022 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 592.68 | 2058.43 | 27.56 | 181 | 121 |
| 31-Mar-21 | 1071.37 | 4941.1 | 115.01 | 296.01 | 236.01 |
| 31-Mar-22 | 1157.43 | 8959.92 | 236.28 | 532.29 | 472.29 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Cargotrans Maritime IPO is ₹18.36 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 7.77 |
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
[Dilip Davda] CML is operating in a highly competitive segment but has created a niche place. It has posted growth in its top and bottom lines despite all odds. Based on FY22 earnings, the issue appears reasonably priced. A small equity base post IPO indicates longer gestation for migration and higher spending for IPO raises concern. Investors may consider an investment with a medium to long-term perspective. Read detail review...
| Listing Date | October 10, 2022 |
| BSE Script Code | 543618 |
| NSE Symbol | |
| ISIN | INE0M4L01013 |
| Final Issue Price | ₹45 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹70.00 |
| Low | ₹66.50 |
| High | ₹73.50 |
| Last Trade | ₹73.50 |
Cargotrans Maritime Ltd.
DBZ-S-61A, 2nd Floor,
Shyam Paragon,,
Kachchh
Gandhidham, Gujarat, 370201
Phone: 91-90999-35142
Email: info@cargotrans.in
Website: http://www.cargotrans.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Cargotrans Maritime IPO is a SME IPO of 10,80,000 equity shares of the face value of ₹10 aggregating up to ₹4.86 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on September 27, 2022, and closes on September 29, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Cargotrans Maritime IPO using UPI as a payment gateway. Zerodha customers can apply in Cargotrans Maritime IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cargotrans Maritime IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cargotrans Maritime IPO opens on September 27, 2022 and closes on September 29, 2022.
Cargotrans Maritime IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Cargotrans Maritime 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 Cargotrans Maritime IPO will be done on Tuesday, October 4, 2022, and the allotted shares will be credited to your demat account by Friday, October 7, 2022. Check the Cargotrans Maritime IPO allotment status.
The Cargotrans Maritime IPO listing date is on Monday, October 10, 2022.
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