Cargosol Logistics IPO Details & Guidance

    Cargosol Logistics IPO Listing information
    Listed on 10 October 2022
    Issue price Rs. 28
    Listed at Rs. 42.40 ( 51% premium)
    High of Rs. 44.50
    Closed at Rs. 44.50

    Grey Market News for Cargosol Logistics IPO #Cargosol Logistics ipo
    On 11 October 2022, click

    Cargosol Logistics IPO Subscription Status
    On 30 September 2022 @ 5.00 pm
    NII 50%  13,50,000 Shares: 84.61T
    RII 50%  13,50,000  Shares: 26.26T
    Total     27,00,000 Shares:  55.43T

    Cargosol Logistics IPO Details
    IPO Dates   28-09-2022 to 30-9-2022
    Face Value  Rs 10 per share
    IPO Price    Rs 28 per share
    Lot             4,000 Shares
    Issue Size  27,00,000 shares of Rs 10
    Issue           Rs 7.56 Cr)
    # Fresh Issue 27,00,000 shares of Rs 10/Rs 7.56 Cr
    # Offer for Sale – shares of Rs 10/ Rs – Cr
    Issue Type Book Built IPO
    Listing At BSE SME
    Objects of the IPO
    1. Purchase of vehicle for commercial purpose.
    2. Purchase of Containers for expansion of the Non-Vessel Owning Common Carrier division.
    3. To meet working capital requirements.

    Retail Offer: 50 % / 28,50,000 Shares
    RII Min. Application: 4,000 Shares, Rs. 1,12,000
    RII Max. Application: 4,000 Shares, Rs. 1,12,000
    – Applications required for onetime RII-subscriptions.

    Cargosol Logistics IPO Timetable 
    IPO Opening Date: September 28, 2022
    IPO Closing Date: September 30, 2022
    Basis of Allotment: October 06, 2022
    Initiation of Refunds: October 07, 2022
    Credit of Shares to Demat A/cs: October 10, 2022
    IPO Listing Date: October 11, 2022

    Cargosol Logistics Business:
    Cargosol Logistics 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. It operates a fleet of 12 commercial vehicles which are owned by it and apart from this, it also hires third party transport operators in case of high demand and business feasibility. It also provides warehousing facilities with its customers and its warehouses are well connected to several manufacturing and consumption clusters located at Thane, Maharashtra.

    It also handles NVOCC (Non-Vessel Owning Common Carrier) facility for the sectors like Indian Sub-continent, Middle East, Upper Gulf, Southeast Asia and part of Europe through its slot arrangements with feeder operator as well as with main line operators. The Company is headquartered in Mumbai and has presence in major locations such as Kalamboli, Pune, New Delhi, Chennai and warehouse located at Thane. Its international logistics operations are supported by a network of logistic service partners and vendors with whom it enters into cooperation agency agreements that enables us to service client requirements across India and abroad. The company has a Multi-Modal Transport Operator’s License and an IATA Accreditation for servicing its customers’ requirements.
    For more information about the company, Click Website:

    Business Summary: 
    Promoters of Cargosol Logistics

    Mr. Roshan Kishanchand Rohira and Mr. Samuel Janathan Muliyil

    Registered office of Cargosol Logistics
    502, Swaroop Arcade, Sahar Road, Andheri, East, Mumbai – 400099
    Company Secretary and Compliance Officer: Mr. Vinay B Karkera

    Lead Manager of Cargosol Logistics
    Hem Securities ltd
    Registrar to the IPO of Lloyds Luxuries
    Link Intime India Pvt. Ltd.

    SME IPO Financial & Analytical Ratios#
    Total Income 2019-20             Rs 64.13 Cr
    Total Income 2020-21             Rs 103.60 Cr
    Total Income 2021-22             Rs 135.17 Cr (9M)
    Net Profit 2019-20                  Rs 1.20 Cr
    Net Profit 2020-21                  Rs 1.76 Cr
    Net Profit 2021-22                  Rs 4.02 Cr (9M)
    Earnings per Share 2019-20   Rs 1.68
    Earnings per Share 2020-21   Rs 2.62
    Earnings per Share 2021-22   Rs 6.38 (9M)

    Return on Net Worth: 19-20: 16.09 %
    Return on Net Worth: 20-21: 20.17 %
    Return on Net Worth: 21-22: 32.84 % (9M)
    Book Value of the Share as on 31.03.21 Rs 28.40
    NAV after the IPO Rs. –
    Offer Price Rs. 28

    IPO Peer Comparison:
    There are no listed companies in India that are engaged in a business similar to that of this company accordingly it is not possible to provide an industry comparison in relation to the company.

    by Paresh Gordhandas (Research Analyst)

    Will be updated soon

    # This is only coverage of News related to Grey Market. We do not deal in grey market premium or Subject to rates, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

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