Cargosol Logistics Limited IPO (Cargosol Logistics IPO) Detail

September 28, 2022 - September 30, 2022

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.

Cargosol Logistics IPO Details

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 Size2,700,000 shares
(aggregating up to ₹7.56 Cr)
Fresh Issue2,700,000 shares
(aggregating up to ₹7.56 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion140,000 shares

Cargosol Logistics IPO Reservation

Cargosol Logistics IPO a total of 2,700,000 shares are offered. RII: 1,280,000 (47.41%), NII: 1,280,000 (47.41%).

Anchor Investor Shares Offered-
Market Maker Shares Offered140,000 (5.19%)
Other Shares Offered1,280,000 (47.41%)
Retail Shares Offered1,280,000 (47.41%)
Total Shares Offered2,700,000 (100%)

Cargosol Logistics IPO Timeline (Tentative Schedule)

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

Cargosol Logistics IPO Lot Size

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

Cargosol Logistics IPO Promoter Holding

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

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

About Cargosol Logistics Limited

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
Amount in ₹ Lakhs

Key Performance Indicator

Cargosol Logistics IPO Market Cap is Rs 28.56 Cr and P/E (x) is 5.15.

KPI Values
P/E (x)5.15
Market Cap (₹ Cr.)28.56

Objects of the Issue (Cargosol Logistics IPO Objectives)

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 Review (May apply)

[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...

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)

Cargosol Logistics IPO Prospectus

Cargosol Logistics IPO Rating

Rating:Rated 4.2 stars
Vote Here ...

Cargosol Logistics IPO Listing Details

Listing Date October 10, 2022
BSE Script Code 543621
NSE Symbol
Final Issue Price ₹28 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Cargosol Logistics IPO Contact Details

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/mipo/ipoallotment.html

Cargosol Logistics IPO - Buy or Not

Cargosol Logistics IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 3 0 0

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

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 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

  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 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.

The Cargosol Logistics IPO listing date is on October 10, 2022.
Open an Instant Account with Zerodha

Cargosol Logistics IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



105. Investing for a better tomorrow |   Link |Oct 11, 2022 8:45:52 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Should I sell it today or hold a few more days... Iam unable to decide which to hold long term and which to book profits amongst insolation and cargosol.

Please guide.
105.2. Investing for a better tomorrow |   Link |Oct 12, 2022 9:26:32 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
So i sold cargosol at 49 in pre open. I have a feeling come tomorrow, when all the 1st day buyers will be able to sell their stocks, the price may fall... May re-enter if the price falls below 40.

Made a return of more that 80K(75%). 1st big profit of my investing journey...

I want to specially give a shout out to Lokes and MRavi sir and thank them for all the guidance.
105.3. lokes |   Link |Oct 13, 2022 12:15:24 AM
IPO Guru IPO Guru (4100+ Posts, 4800+ Likes)
thanks @Investing for a better tomorrow.....and congrats for first good profit...good luck for future....
its a good company for long term and i don't think it will come to 40 price again.....
104. Kapil Mehra |   Link |Oct 10, 2022 10:16:16 AM (200+ Posts)
Experts kindly guide ...can we hold and add more at this level around 40-41
103. AshishTheBoss |   Link |Oct 10, 2022 9:35:20 AM
pre open price 40
102. GrowWealthwithSmallStep |   Link |Oct 9, 2022 7:59:08 PM
@Lokes Sir @Mravi Sir @other Expert
What should be listing price ? Is it good to hold for long term?
102.1. lokes |   Link |Oct 9, 2022 11:04:37 PM
IPO Guru IPO Guru (4100+ Posts, 4800+ Likes)
in my opinion, its good for holding for long term....company has posted very good growth in top/bottom line growth and also issue is very reasonably priced as per latest year financials....company is operating in multiple sectors and in all modes of transport and having warehousing services too....
it may list around 41 to 43....and profit can be booked around above 46-47 levels for short term.....it can be bought around 37-39 or below levels, if available anytime after listing for long term holding....

Only thing for now is so many ipos listing together and markets are also not going good so it will be interesting to see if most of the sme's can list as per their expected prices or not.....Be careful in new buying at too high prices in any of smes as we may get later also at lower prices if market fall continues.....
102.2. lokes |   Link |Oct 10, 2022 11:14:54 AM
IPO Guru IPO Guru (4100+ Posts, 4800+ Likes)
i have placed buy order at 40.5 after listing and missed to buy :(
even in preopen i placed buy order at 42 and that was also just missed....
it has listed as per expectations and doing well, i was confident for this for long term as mentioned above....
101. Pratham |   Link |Oct 9, 2022 6:54:06 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Sbt 35000
100. Aman Ipo |   Link |Oct 6, 2022 9:19:27 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Listing preponed for Cargosol Losgistics
Now listing on Monday i.e. on 10th October.
100.6. MRavichandran |   Link |Oct 8, 2022 9:50:05 PM
IPO Guru IPO Guru (2000+ Posts, 2600+ Likes)
@Investing for a better tomorrow,
It may list good around 30%-40 % premium (next to Maritime, Concord, Insolation and Steelman). Normally a good stock to buy in pre-open if it would have to list alone. I will be holding my allotments for now.

Due to so many listing altogether with weak market sentiment, its possible that most the SME's (except few) will be available lesser price after listing. Hence, need to be caution in pre-open buys on Monday, as per my guess.

100.7. Investing for a better tomorrow |   Link |Oct 9, 2022 3:37:20 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Thanks MRavi sir, really appreciate the reply
99. opchachan |   Link |Oct 8, 2022 10:17:28 PM
i need help from experts. Director muneration for last year is 5cr. is that not too much for small size company. I want to hold cargosol logistic for long term but director remuneration raising eyebrows. Plz experts give your valuable advise. Thanx in advance
99.1. opchachan |   Link |Oct 9, 2022 8:39:34 AM
its peer Ritco logistic have 587Cr revenue and 16cr profit in last year but director remuneration was only 60Lakh. Then How can cargosol's directors take 5cr.
98. MRavichandran |   Link |Oct 4, 2022 10:17:03 PM
IPO Guru IPO Guru (2000+ Posts, 2600+ Likes)
Dear all,
RBL - amount deducted or released.

Got 2/100, 0/30 (One pending from ICICI - 10 Lots) - surprised with 2 lots, but will take it in both hands.

Good luck to everyone.

98.27. DEVBULL |   Link |Oct 6, 2022 6:03:24 PM (200+ Posts)
Congrats to all allottees. Better luck next time for non-allottees.
98.28. Investing for a better tomorrow |   Link |Oct 8, 2022 3:43:32 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Mentors and gurus,

Any advice for the listing strategy?
97. Pratham |   Link |Oct 8, 2022 2:02:35 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
97.1. Pratham |   Link |Oct 8, 2022 1:55:49 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Holding well in latest rates
96. Jawa |   Link |Oct 6, 2022 8:06:55 PM
2/5. I got cargotrans and cargosol today. But in my BHIM SBI upi the payment status is failed due to "you have exceeded daily transaction limit set by your back" error. Anyone faced such error? I used to apply through ABSA before first time got an allotment in sme after long time. Is there a way to resolve this? Kindly someone help whom I should contact to resolve this.
96.1. Jonsnow |   Link |Oct 7, 2022 4:29:46 PM (200+ Posts)
Bro how to apply through upi mode? . I am also applying through asba but have not got allocation from last 15 ipos. I feel upi has better allotment chance. Is it true?
96.2. Jawa |   Link |Oct 7, 2022 5:51:02 PM
@Jonsnow: First thing, whatever the mode you are applying, the allotment chances will be same. There is no preference at all based on broker or mode of applying.
95. JAI MATA DI |   Link |Oct 7, 2022 4:41:30 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
1 lot allotted in 7 Retail applications.
94. IPODOC |   Link |Oct 6, 2022 11:02:37 PM
1/3 cargosol
0/3 insolation
0/3 Concord
0/3 Cargotrans..
Finally luck opened..
93. Ace King |   Link |Oct 6, 2022 5:21:42 PM
insolation 1/1 - retail (appl no 2400024070023210)
Cargosol 1/1 - retail (appl no - 2400024014007052)
Concord 0/1 - retail
Cargotrans 0/1 - retail

2 out 4 ... didnt expect luck would favour this much.....

someone pls guide me about above two allotments as to sell for listing gains or hold for short/medium/long term(s)

also planning for 1 bNHI and 3 retail applications in Electronic mart India IPO....
93.1. IPOGUY |   Link |Oct 6, 2022 6:17:18 PM
Kismat ho toh aisi, warna na ho....hum toh bas block unblock khel rahe
93.2. Jonsnow |   Link |Oct 6, 2022 8:06:34 PM (200+ Posts)
Congrats sir...kya luck hai apka
92. opchachan |   Link |Oct 6, 2022 4:20:28 PM
Anyone got allotement in third party asba or upi applied account?.. Plz help in this issue
92.1. R.K. |   Link |Oct 6, 2022 7:34:44 PM
Yes for me Allotted from SBI Third Party.
92.2. IPOGUY |   Link |Oct 6, 2022 8:04:09 PM
WHat is SBI 3rd party cutoff time for SME and Mainboard IPO?
91. Silent lion |   Link |Oct 6, 2022 7:33:04 PM (200+ Posts)
Shahukarbahi, avenue sir, nooral sir, monstor zero sir, mravi sir..
I got 1 lot but i have not and Knowledge about this company.. So plz share ur view..
90. Maria |   Link |Oct 6, 2022 11:43:30 AM
The successful applicants are very lucky as this issue was oversubscribed by 55.43 times and NII - 84.61 times. The issue was very small and it's for only 27.00 lac equity shares only. The issue price 28/00 which is also very favourable and reasonable. The valuation of the company is also very attractive. The company deals in Logistic sector which is also in good demand due to very supportive policy laid by t he GOI recently. The company's turnover is also above 200 Crores which is also very encouraging particularly fo r SME. Net profit is also very very good. Lastly there were only 675/ lots for the allotments and if anyone who got this allotment is really really super 🍀 Lucky. Isn't it?
90.1. abc xyz |   Link |Oct 6, 2022 5:46:05 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
This stock having good capabilities and can be +75 over short/ medium terms . I will tightly hold this 🌑Dark Horse🐎 for fantastic results.
90.2. Kapil Mehra |   Link |Oct 6, 2022 7:20:18 PM (200+ Posts)
@Maria....Good analysis...it can double ....your money
89. Chintu BKM |   Link |Oct 6, 2022 7:08:15 PM
Now Bad luck, but trying continue will open the luck

0/2 Insolation
0/2 Concord
0/2 Cargosol
88. IPOGUY |   Link |Oct 6, 2022 6:15:36 PM
0/1 Insolation
0/1 Concord
0/4 Cargotrans
0/4 Cargosol
0/3 Cyber..
Bad luck continues...only hope is STEELMAN(4 app) & FROG(2 app)
87. AshishTheBoss |   Link |Oct 6, 2022 5:33:34 PM
Got 1 of 4 Retail Applications...
86. i For IPO ☑️ |   Link |Oct 6, 2022 4:08:00 PM
IPO Mentor IPO Mentor (500+ Posts, 700+ Likes)
Another One Gone
No Allotment

Check Allotment It's Out
86.1. opchachan |   Link |Oct 6, 2022 4:21:07 PM
How much application sir?
86.2. i For IPO ☑️ |   Link |Oct 6, 2022 5:29:03 PM
IPO Mentor IPO Mentor (500+ Posts, 700+ Likes)
4 Retail