Fixed Price IPO | ₹25 Cr | Listed at NSE SME | Fri, Oct 6, 2023 - Tue, Oct 10, 2023
Committed Cargo Care IPO is a fixed price issue of ₹24.95 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹24.95 crore.
Committed Cargo Care IPO bidding started from Oct 6, 2023 and ended on Oct 10, 2023. The allotment for Committed Cargo Care IPO was finalized on Oct 13, 2023. The shares got listed on NSE SME on Oct 18, 2023.
Committed Cargo Care IPO price is ₹77 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,23,200 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,46,400.
Fedex Securities Pvt.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 Nikunj Stock Brokers Ltd..
Refer to Committed Cargo Care IPO RHP for detailed Information.
IPO Open
Fri, Oct 6, 2023
IPO Close
Tue, Oct 10, 2023
Issue Price
₹77 per share
Market Cap (Pre-IPO)
₹83.23 Cr
| IPO Date | 6 to 10 Oct, 2023 |
| Listed on | Wed, Oct 18, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹77 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 32,40,000 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 1,64,800 shares Nikunj Stock Brokers Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 30,75,200 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 30,75,200 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 75,69,600 shares |
| Share Holding Post Issue | 1,08,09,600 shares |
| NSE Symbol | COMMITTED |
| ISIN | INE597Z01014 |
Committed Cargo Care IPO comprises a total issue size of 32,40,000 shares. The net offer to the public is 30,75,200 shares, after excluding 1,64,800 shares allotted on a firm basis. Of the Net offer 15,37,600 (50.00%) allocated to NII 15,37,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,37,600 | 50.00% | 47.46% |
| Retail Shares Offered | 15,37,600 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,64,800 | 5.09% | |
| Total Shares Offered | 32,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,23,200 |
| Retail (Max) | 1 | 1,600 | ₹1,23,200 |
| HNI (Min) | 2 | 3,200 | ₹2,46,400 |
Incorporated in 1998, Committed Cargo Care Limited is a Third Party Logistics provider that specializes in handling Import and Export Cargo and provides integrated services.
The company provides integrated logistics services such as cargo management solutions, order management, international freight management, customs and cross-border movement, heavy and over-dimensional cargo movement, etc.
Committed Cargo Care's customer base comes from various sectors across India, including automotive and heavy engineering, telecom, food and agro, fast-moving consumer goods (FMCG), paint, handicrafts, e-commerce products, garments, pharma, and dairy.
The company recorded Rs. 12,221.96 Lacs, Rs. 1,4612.17 Lacs, and Rs. 11,385.89 Lacs in Revenue in Fiscal 2023, 2022, and 2021 respectively.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 40.15 | 33.10 | 30.36 | 26.00 |
| Total Income | 122.43 | 146.12 | 113.86 | 84.04 |
| Profit After Tax | 5.33 | 3.09 | 2.32 | 1.51 |
| NET Worth | 28.85 | 23.52 | 20.43 | 18.11 |
| Reserves and Surplus | 21.28 | 15.95 | 12.86 | 10.54 |
| Total Borrowing | 0.67 | 0.15 | 0.31 | 0.65 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting working capital requirements | 15.96 |
| 2 | General corporate purposes | 5.45 |
| KPI | |
|---|---|
| ROE | 18.48% |
| ROCE | 24.06% |
| RoNW | 18.48% |
| PAT Margin | 4.36% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.04 | |
| P/E (x) | 10.94 | 12.84 |
| Promoter Holding | 98.00% | 68.63% |
| Market Cap | ₹83.23 Cr. |
The Committed Cargo Care IPO is subscribed 87.78 times on October 10, 2023 7:29:00 PM (Day 3). The public issue subscribed 78.73 times in the retail category, [.] times in the QIB category, and 94.2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 94.2 | 15,37,600 | 14,48,40,000 |
| Retail | 78.73 | 15,37,600 | 12,10,62,400 |
| Total | 87.78 | 30,75,200 | 26,99,40,800 |
Total Application : 75,664
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission | 0.30 |
| 2 | Fees payable to Advertising and marketing Expenses, Printing and Distribution of issue stationery, Brokerage, Selling, Commission and upload fees | 0.38 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal and Other Advisory Services | 0.02 |
| 5 | Regulators including Stock Exchange | 0.09 |
| 6 | Others, if any (Market making, Other Intermediary fees, consultant fees, underwriting expenses, depositories, marketing fees etc.) | 2.75 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹77.00 |
| Open | ₹82.00 |
| Low | ₹82.00 |
| High | ₹86.10 |
| Last Trade | ₹86.10 |
Lead Manager Reports
Committed Cargo Care IPO is a SME IPO of 32,40,000 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹77 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Oct 6, 2023, and closes on Tue, Oct 10, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Committed Cargo Care IPO using UPI as a payment gateway. Zerodha customers can apply in Committed Cargo Care IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Committed Cargo Care IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Committed Cargo Care IPO opens on Fri, Oct 6, 2023 and closes on Tue, Oct 10, 2023.
Committed Cargo Care IPO lot size is 1600, and the minimum amount required for application is ₹1,23,200.
You can apply in Committed Cargo Care 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 Committed Cargo Care IPO will be done on Friday, October 13, 2023, and the allotted shares will be credited to your demat account by Tue, Oct 17, 2023. Check the Committed Cargo Care IPO allotment status.
The Committed Cargo Care IPO listing date is on Wed, Oct 18, 2023.
