Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Tue, Sep 27, 2022 - Thu, Sep 29, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Sep 27, 2022
IPO Close
Thu, Sep 29, 2022
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹18.36 Cr
| IPO Date | 27 to 29 Sep, 2022 |
| Listed on | Mon, Oct 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,80,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 60,000 shares Hem Securities Ltd. (agg. up to ₹0.2700 Cr) |
| Fresh Issue (Ex Market Maker) | 10,20,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 10,20,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 30,00,000 shares |
| Share Holding Post Issue | 40,80,000 shares |
| BSE Script Code | 543618 |
| ISIN | INE0M4L01013 |
Cargotrans Maritime IPO comprises a total issue size of 10,80,000 shares. The net offer to the public is 10,20,000 shares, after excluding 60,000 shares allotted on a firm basis. Of the Net offer 5,10,000 (50.00%) allocated to NII 5,10,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,10,000 | 50.00% | 47.22% |
| Retail Shares Offered | 5,10,000 | 50.00% | 47.22% |
| Firm Reservations | |||
| Market Maker Shares Offered | 60,000 | 5.56% | |
| Total Shares Offered | 10,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 11.57 | 10.71 | 5.93 |
| Total Income | 89.60 | 49.41 | 20.58 |
| Profit After Tax | 2.36 | 1.15 | 0.28 |
| NET Worth | 5.32 | 2.96 | 1.81 |
| Reserves and Surplus | 4.72 | 2.36 | 1.21 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 3.50 |
| 2 | General Corporate Purpose | 0.66 |
| KPI | |
|---|---|
| ROE | 57.05 |
| ROCE | 51.91 |
| Debt/Equity | 0.43 |
| RoNW | 15.23 |
| PAT Margin | 2.64% |
| EBITDA Margin | 4.35% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.88 | |
| P/E (x) | 7.77 | |
| Promoter Holding | 100% | 73.53% |
| Market Cap | ₹18.36 Cr. |
The Cargotrans Maritime IPO is subscribed 148.25 times on September 29, 2022 6:59:00 PM (Day 3). The public issue subscribed 166.86 times in the retail category, [.] times in the QIB category, and 129.63 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 129.63 | 5,10,000 | 6,61,11,000 |
| Retail | 166.86 | 5,10,000 | 8,51,01,000 |
| Total | 148.25 | 10,20,000 | 15,12,12,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.23 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.02 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.04 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Legal Advisors and other Professionals | 0.02 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 0.36 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹70.00 |
| Low | ₹66.50 |
| High | ₹73.50 |
| Last Trade | ₹73.50 |
Lead Manager Reports
Cargotrans Maritime IPO is a SME IPO of 10,80,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Sep 27, 2022, and closes on Thu, Sep 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 Tue, Sep 27, 2022 and closes on Thu, Sep 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 Fri, Oct 7, 2022. Check the Cargotrans Maritime IPO allotment status.
The Cargotrans Maritime IPO listing date is on Mon, Oct 10, 2022.
