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Cargosol Logistics Limited IPO (Cargosol Logistics IPO) Detail

Sep 28, 2022 - Sep 30, 2022

Incorporated in 2003, Cargosol Logistics Limited 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.

The company also provide warehousing facilities to the customers and the warehouses are well connected to several manufacturing and consumption clusters located in Thane, Maharashtra.

The company also handle NVOCC (Non-Vessel Owning Common Carrier) facility for the sectors like Indian Sub-continent, Middle East, Upper Gulf, South East Asia and part of Europe through our slot arrangements with feeder operator as well as with mainline operators.

The company is headquartered in Mumbai and has a presence in major locations such as Kalamboli, Pune, New Delhi, Chennai and a warehouse located at Thane.

Cargosol Logistics Limited's customers operate in various sectors across India, including automotive and heavy engineering, telecom, food and agro, fastmoving consumer goods ("FMCG"), paint and dairy.

For the period ending December 31, 2021, and the year ended on March 31, 2021, 2020 and 2019 our total revenue as per Restated Financial Statements were Rs. 135.17 crores, Rs. 103.59 crores, Rs. 64.12 crores and Rs. 55.90 crores respectively.

Company Financials

Cargosol Logistics Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-192689.25590.79101.88656.57606.57
31-Mar-202971.676412.92120.14782.46682.46
31-Mar-214107.5110359.99176.14978.96728.96
31-Mar-225782.3420072.25553.761599.82849.82
Amount in ₹ Lakhs

Objects of the Issue

We intend to utilize the proceeds of the Issue to meet the following objects:-

1. Purchase of vehicle for commercial purpose.

2. Purchase of Containers for expansion of the Non Vessel Owning Common Carrier (NVOCC) division.

3. To meet working capital requirements.

4. General Corporate Purpose.

5. To meet issue expenses.

Cargosol Logistics IPO Details

Cargosol Logistics IPO Date Sep 28, 2022 to Sep 30, 2022
Cargosol Logistics IPO Face Value ₹10 per share
Cargosol Logistics IPO Price ₹28 per share
Cargosol Logistics IPO Lot Size 4000 Shares
Issue Size2,700,000 shares of ₹10
(aggregating up to ₹7.56 Cr)
Fresh Issue2,700,000 shares of ₹10
(aggregating up to ₹7.56 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

Mr. Roshan Kishanchand Rohira and Mr. Samuel Janathan Muliyil are the company promoters.

Cargosol Logistics IPO Timeline (Tentative Timetable)

Cargosol Logistics IPO opens on Sep 28, 2022, and closes on Sep 30, 2022. The Cargosol Logistics IPO bid date is from Sep 28, 2022 10.00 A.M. to Sep 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Cargosol Logistics IPO Opening Date Sep 28, 2022
Cargosol Logistics IPO Closing Date Sep 30, 2022
Basis of Allotment Oct 6, 2022
Initiation of Refunds Oct 7, 2022
Credit of Shares to Demat Oct 10, 2022
Cargosol Logistics IPO Listing Date Oct 11, 2022

Cargosol Logistics IPO Lot Size

The Cargosol Logistics IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112,000).

Application Lots Shares Amount
Retail (Min) 1 4000 ₹112,000
Retail (Max) 1 4000 ₹112,000

Cargosol Logistics IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.52%

Cargosol Logistics IPO Review

CLL is operating in a highly competitive segment. Based on FY22 super earnings, the issue appears reasonably priced. Higher spending for IPO raises concerns. Considering bright prospects for the segment, cash surplus investors may consider investment from a long-term perspective. Read detail review...


Cargosol Logistics IPO Subscription Status (Bidding Detail)

The Cargosol Logistics IPO is subscribed 55.43 times on Sep 30, 2022 6:59:00 PM. The public issue subscribed 26.26 times in the retail category, times in the QIB category, and 84.61 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII84.61
Retail26.26
Total55.43

Cargosol Logistics IPO Prospectus

Cargosol Logistics IPO Rating

139
4.2
Rating:Rated 4.2 stars
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Company Contact Information

Cargosol Logistics Limited
502, Swaroop Arcade,
Sahar Road, Andheri,
East, Mumbai - 400099
Phone: +91-022-66126000
Email: cs@cargosol.com
Website: https://cargosol.com/

Cargosol Logistics IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: cargosol.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Cargosol Logistics IPO Review

Cargosol Logistics IPO Recommendation Summary

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Members 3 0 0

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Cargosol Logistics IPO FAQs

Cargosol Logistics IPO is a SME IPO of 2,700,000 equity shares of the face value of ₹10 aggregating up to ₹7.56 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Sep 28, 2022, and closes on Sep 30, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Cargosol Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Cargosol Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Cargosol Logistics IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Cargosol Logistics IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Cargosol Logistics IPO opens on Sep 28, 2022 and closes on Sep 30, 2022.

Cargosol Logistics IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in Cargosol Logistics IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Cargosol Logistics IPO will be done on Oct 6, 2022, and the allotted shares will be credited to your demat account by Oct 10, 2022. Check the Cargosol Logistics IPO allotment status.

The Cargosol Logistics IPO listing date is not yet announced. The tentative date of Cargosol Logistics IPO listing is Oct 11, 2022.
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