Cargotrans Maritime IPO Details & Guidance

Cargotrans Maritime IPO Listing information
Listed on 10 October 2022
Issue price Rs. 45
Listed at Rs. 70
High of Rs. 73.50
Closed at Rs. 73.50

Grey Market News for Cargotrans Maritime IPO #
On 10 October 2022, click

Cargotrans Maritime IPO Subscription Status
On 29 September 2022 @ 5.00 pm
NII 50%  5,10,000 Shares: 129.63T
RII 50%  5,10,000 Shares:  166.62T
Total     10,20,000 Shares: 148.13T 

Cargotrans Maritime IPO Details
IPO Dates   27-09-2022 to 29-9-2022
Face Value  Rs 10 per share
IPO Price    Rs 45 per share
Lot             3,000 Shares
Issue Size  10,80,000 shares of Rs 10
Issue           Rs 4.86 Cr)
# Fresh Issue 10,80,000 shares of Rs 10/Rs 4.86 Cr
# Offer for Sale – shares of Rs 10/ Rs – Cr
Issue Type Book Built IPO
Listing At BSE SME
Objects of the IPO
To meet the Working Capital Requirements

Retail Offer: 50 % / 5,10,000 Shares
RII Min. Application: 3,000 Shares, Rs. 1,35,000
RII Max. Application: 3,000 Shares, Rs. 1,35,000
170 Applications required for onetime RII-subscriptions.

Cargotrans Maritime IPO Timetable 
IPO Opening Date: September 27, 2022
IPO Closing Date: September 29, 2022
Basis of Allotment: October 04, 2022
Initiation of Refunds: October 06, 2022
Credit of Shares to Demat A/cs: October 07, 2022
IPO Listing Date: October 10, 2022

Cargotrans Maritime Business:
Cargotrans Maritime is an international logistics solutions provider with core business of providing sea logistics services including ocean freight forwarding (FCL and LCL), transportation, custom clearance, warehousing and other value-added services to the clients. It started the business of freight forwarding in 2012 and have, since then, consistently grown its presence, enhanced the scope of services and increased our capabilities and expertise. In October 2019, the Company acquired 100% stake in Cargotrans Maritime Agencies Private Limited (“CMAPL”) and Cargotrans Maritime Forwarding Private Limited (“CMFPL”) to enter into the segment of custom house agent service and coastal transportation.

It has a Multi-Modal Transport Operator’s License, which enable it to issue a single negotiable multimodal transport document covering multiple modes of transport and position itself as an independent player in this field thus strengthening its revenue model. It also undertakes work related to regulatory compliance services such as customs clearance, through CMAPL, which owns a valid Custom House Agent’s License. The Company operates at 4 seaports of Gujarat i.e., Mundra, Hazira, Kandla and Pipavav. Currently, it operates a fleet of 9 owned commercial trailers for moving containers and apart from this it also hires third party transport operators to meet the shipping demand of its customers. Its customers operate in various sectors, including food processing, agro-based, commodities, plastics, minerals, ceramics, trading, packaging, textiles etc.
For more information about the company, Click Website: www.cargotrans.in

Business Summary: 
Promoters of Cargotrans Maritime
Edwin Alexander, Manju Edwin, Mathew Jacob and B Chandrashekhar Rao

Registered office of Cargotrans Maritime
DBZ-S-61A, 2nd Floor, Shyam Paragon, Gandhidham, Kachchh – 370 201, Gujarat.
Company Secretary and Compliance Officer: Chhayaben Mulani

Lead Manager of Cargotrans Maritime
Hem Securities ltd

SME IPO Financial & Analytical Ratios#
Total Income 2019-20             Rs 20.58 Cr
Total Income 2020-21             Rs 49.41 Cr
Total Income 2021-22             Rs 89.60 Cr
Net Profit 2019-20                  Rs 0.28 Cr
Net Profit 2020-21                  Rs 1.15 Cr
Net Profit 2021-22                  Rs 2.36 Cr
Earnings per Share 2019-20   Rs 0.92
Earnings per Share 2020-21   Rs 3.83
Earnings per Share 2021-22   Rs 7.88
Return on Net Worth: 19-20: 44.39 %
Return on Net Worth: 20-21: 38.85 %
Return on Net Worth: 21-22: 15.23 % 
Book Value of the Share as on 31.03.22 Rs 17.74
NAV after the IPO Rs. 24.96
Offer Price Rs. 45

IPO Peer Comparison:
Accuracy Shipping @ PEMultiple of 20.13
Tiger Logistics @ PEMultiple of 7.17
Allcargo Logistics @ PEMultiple of 10.13
Total Transport Systems @ PEMultiple of 21.38

Observation by Paresh Gordhandas (Research Analyst)

Will be updated soon

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