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 #
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: https://cargosol.com/
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.
Observation by Paresh Gordhandas (Research Analyst)
Will be updated soon
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