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Cargosol Logistics IPO is a fixed price issue of Rs 7.56 crores. The issue is entirely a fresh issue of 27 lakh shares.
Cargosol Logistics IPO bidding started from September 28, 2022 and ended on September 30, 2022. The allotment for Cargosol Logistics IPO was finalized on Thursday, October 6, 2022. The shares got listed on BSE SME on October 10, 2022.
Cargosol Logistics IPO price is ₹28 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹112,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹224,000.
Hem Securities Limited is the book running lead manager of the Cargosol Logistics IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Cargosol Logistics IPO RHP for detailed information.
| IPO Date | September 28, 2022 to September 30, 2022 |
| Listing Date | October 10, 2022 |
| Face Value | ₹10 per share |
| Price | ₹28 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,700,000 shares (aggregating up to ₹7.56 Cr) |
| Fresh Issue | 2,700,000 shares (aggregating up to ₹7.56 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,500,000 |
| Share holding post issue | 10,200,000 |
| Market Maker portion | 140,000 shares |
Cargosol Logistics IPO offers 2,700,000 shares. 1,280,000 (47.41%) to NII, 1,280,000 (47.41%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 140,000 (5.19%) |
| Other Shares Offered | 1,280,000 (47.41%) |
| Retail Shares Offered | 1,280,000 (47.41%) |
| Total Shares Offered | 2,700,000 (100%) |
Cargosol Logistics IPO opens on September 28, 2022, and closes on September 30, 2022.
| IPO Open Date | Wednesday, September 28, 2022 |
| IPO Close Date | Friday, September 30, 2022 |
| Basis of Allotment | Thursday, October 6, 2022 |
| Initiation of Refunds | Friday, October 7, 2022 |
| Credit of Shares to Demat | Monday, October 10, 2022 |
| Listing Date | Monday, October 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2022 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
| HNI (Min) | 2 | 8,000 | ₹224,000 |
| Lot Size Calculator | |||
Mr. Roshan Kishanchand Rohira and Mr. Samuel Janathan Muliyil are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.52% |
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 2689.2 | 5590.79 | 101.88 | 656.57 | 606.57 |
| 31-Mar-20 | 2971.67 | 6412.92 | 120.14 | 782.46 | 682.46 |
| 31-Mar-21 | 4107.51 | 10359.99 | 176.14 | 978.96 | 728.96 |
| 31-Mar-22 | 5782.34 | 20072.25 | 553.76 | 1599.82 | 849.82 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Cargosol Logistics IPO is Rs 28.56 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 5.15 |
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.
[Dilip Davda] 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...
The Cargosol Logistics IPO is subscribed 55.43 times on September 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)
| Category | Subscription (times) |
|---|---|
| Other | 84.61 |
| Retail | 26.26 |
| Total | 55.43 |
| Listing Date | October 10, 2022 |
| BSE Script Code | 543621 |
| NSE Symbol | |
| ISIN | INE0KZM01011 |
| Final Issue Price | ₹28 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹28.00 |
| ₹42.40 |
| ₹40.60 |
| ₹44.50 |
| ₹44.50 |
Cargosol Logistics Limited
502, Swaroop Arcade,
Sahar Road, Andheri,
East, Mumbai - 400099
Phone: +91-022-66126000
Email: cs@cargosol.com
Website: https://cargosol.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: cargosol.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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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 September 28, 2022, and closes on September 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
Visit Zerodha IPO Application Process Review for more detail.
The Cargosol Logistics IPO opens on September 28, 2022 and closes on September 30, 2022.
Cargosol Logistics IPO lot size is 4000 Shares, and the minimum amount required is ₹112,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Cargosol Logistics IPO will be done on Thursday, October 6, 2022, and the allotted shares will be credited to your demat account by Monday, October 10, 2022. Check the Cargosol Logistics IPO allotment status.
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