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Cargotrans Maritime Limited IPO (Cargotrans Maritime IPO) Detail

September 27, 2022 - September 29, 2022

Cargotrans Maritime IPO is a fixed price issue of Rs 4.86 crores. The issue is entirely a fresh issue of 10.8 lakh shares.

Cargotrans Maritime IPO bidding started from September 27, 2022 and ended on September 29, 2022. The allotment for Cargotrans Maritime IPO was finalized on Tuesday, October 4, 2022. The shares got listed on BSE SME on October 10, 2022.

Cargotrans Maritime IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.

Hem Securities Limited is the book running lead manager of the Cargotrans Maritime IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Cargotrans Maritime IPO RHP for detailed information.

Cargotrans Maritime IPO Details

IPO Date September 27, 2022 to September 29, 2022
Listing Date October 10, 2022
Face Value ₹10 per share
Price ₹45 per share
Lot Size 3000 Shares
Total Issue Size1,080,000 shares
(aggregating up to ₹4.86 Cr)
Fresh Issue1,080,000 shares
(aggregating up to ₹4.86 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion60,000 shares

Cargotrans Maritime IPO Reservation

Cargotrans Maritime IPO offers 1,080,000 shares. 510,000 (47.22%) to NII, 510,000 (47.22%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered60,000 (5.56%)
Other Shares Offered510,000 (47.22%)
Retail Shares Offered510,000 (47.22%)
Total Shares Offered1,080,000 (100%)

Cargotrans Maritime IPO Timeline (Tentative Schedule)

Cargotrans Maritime IPO opens on September 27, 2022, and closes on September 29, 2022.

IPO Open Date Tuesday, September 27, 2022
IPO Close Date Thursday, September 29, 2022
Basis of Allotment Tuesday, October 4, 2022
Initiation of Refunds Thursday, October 6, 2022
Credit of Shares to Demat Friday, October 7, 2022
Listing Date Monday, October 10, 2022
Cut-off time for UPI mandate confirmation 5 PM on September 29, 2022

Cargotrans Maritime IPO Lot Size

Investors can bid for a minimum of 3000 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 3000 ₹135,000
Retail (Max) 1 3000 ₹135,000
HNI (Min) 2 6,000 ₹270,000
Lot Size Calculator

Cargotrans Maritime IPO Promoter Holding

Edwin Alexander, Manju Edwin, Mathew Jacob and B Chandrashekhar Rao are the company promoters.

Share Holding Pre Issue 100%
Share Holding Post Issue 73.53%

About Cargotrans Maritime Limited

Incorporated in 2012, Cargotrans Maritime Limited is an international logistics solutions provider. The company's core business is providing sea logistics services including ocean freight forwarding (FCL and LCL), transportation, customs clearance, warehousing and other value-added services to clients.

The company operates at 4 seaports in Gujarat i.e. Mundra, Hazira, Kandla and Pipavav. Currently, Cargotrans Maritime operates a fleet of 9 owned commercial trailers for moving containers and apart from this company also hires third-party transport operators to meet the shipping demand of the customers.

Cargotrans Maritime Limited offers the following services:

Ocean Freight Forwarding, Custom Clearance, Warehousing Services and Transportation Services.

Competitive Strengths:

  • Wide range of logistics services and solutions.
  • Diversified customer base across varied industry verticals.
  • Long standing relationship with Customers.
  • Strong relationship with constituents of logistics value chain.
  • Experienced Management team.

Company Financials

Cargotrans Maritime Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20592.682058.4327.56181121
31-Mar-211071.374941.1115.01296.01236.01
31-Mar-221157.438959.92236.28532.29472.29
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Cargotrans Maritime IPO is Rs 18.36 Cr.

Pre IPO Post IPO
P/E (x) 7.77

Objects of the Issue (Cargotrans Maritime IPO Objectives)

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

1. To meet Working Capital requirements

2. General Corporate Purpose

3. To meet issue expenses

Cargotrans Maritime IPO Review (Apply)

[Dilip Davda]  CML is operating in a highly competitive segment but has created a niche place. It has posted growth in its top and bottom lines despite all odds. Based on FY22 earnings, the issue appears reasonably priced. A small equity base post IPO indicates longer gestation for migration and higher spending for IPO raises concern. Investors may consider an investment with a medium to long-term perspective. Read detail review...


Cargotrans Maritime IPO Subscription Status (Bidding Detail)

The Cargotrans Maritime IPO is subscribed 148.25 times on September 29, 2022 6:59:00 PM. The public issue subscribed 166.86 times in the retail category, times in the QIB category, and 129.63 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other129.63
Retail166.86
Total148.25

Cargotrans Maritime IPO Prospectus

Cargotrans Maritime IPO Rating

113
3.9
Rating:Rated 3.9 stars
Vote Here ...

Cargotrans Maritime IPO Listing Details

Listing Date October 10, 2022
BSE Script Code 543618
NSE Symbol
ISIN INE0M4L01013
Final Issue Price ₹45 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹45.00
₹70.00
₹66.50
₹73.50
₹73.50

Check IPO Performance…

Cargotrans Maritime Limited Contact Details

Cargotrans Maritime Limited
DBZ-S-61A, 2nd Floor,
Shyam Paragon, Gandhidham,
Kachchh – 370 201
Phone: 91-90999-35142
Email: info@cargotrans.in
Website: http://www.cargotrans.in/

Cargotrans Maritime IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Cargotrans Maritime IPO - Buy or Not

Cargotrans Maritime IPO Recommendation Summary

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

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Cargotrans Maritime IPO FAQs

Cargotrans Maritime IPO is a SME IPO of 1,080,000 equity shares of the face value of ₹10 aggregating up to ₹4.86 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.

The IPO opens on September 27, 2022, and closes on September 29, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

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

Steps to apply in Cargotrans Maritime 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 'Cargotrans Maritime 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 Cargotrans Maritime IPO opens on September 27, 2022 and closes on September 29, 2022.

Cargotrans Maritime IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.

You can apply in Cargotrans Maritime 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 Cargotrans Maritime IPO will be done on Tuesday, October 4, 2022, and the allotted shares will be credited to your demat account by Friday, October 7, 2022. Check the Cargotrans Maritime IPO allotment status.

The Cargotrans Maritime IPO listing date is on October 10, 2022.
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Cargotrans Maritime IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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157 Comments

75. NeilM |   Link |  Bookmark |October 31, 2022 1:48:00 PM
Who is still holding this stock?
I hold 4 lots slightly at a higher average but believe this stock is worth 200+….
Does anyone have an opinion about this stock?

Also, @lokesh and other experts - are you aware how to check if bigger hands are exiting if that is not shown in bulk deals?
The movement in this stock has reduced significantly and this keeps me worried if its really a bet for short time or not?
74. lokes |   Link |  Bookmark |October 10, 2022 10:02:58 AM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
Bought one lot at 66.5......i think its good price for long term buying here...demand is less now but later it can improve....
74.17. GJ 😀 |   Link |  Bookmark |October 19, 2022 11:47:44 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
@lokes,

My flight is at exactly 08.45 PM only, so little bit doubtful about the meeting plan.
Let me confirm you in some time.

Thanks.
74.18. GJ 😀 |   Link |  Bookmark |October 20, 2022 5:39:13 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
@lokes,
What is the possibility for tomorrow/Friday morning?
73. DEVBULL |   Link |  Bookmark |October 12, 2022 7:35:50 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@CG Admin. Already 12 working days have gone from the closing date of this IPO. Shares have been distributed to allottees and got listed also on 10-10-2022. But till now, the Basis of Allotment for Cargotrans Maritime IPO is not available anywhere including your portal. As I am badly in need of BoA to get certain issues resolved, kindly intimate as to where can I get it officially? I have already written to RTA but could not get it. If Newspaper publication is the only source of certainty, then in which Newspaper it was published and on which date?

@lokes, @Noorul, @MRavi, @CA Sunil, @MehulStk, @SamJos, @Avenue, @Arca, @Ravu & Other forum members. Has anybody seen the Basis of Allotment for Cargotrans IPO, and if so where? Any legal recourse is available to get soft copy of the Basis of Allotment, as a matter of right.
73.3. CA Sunil |   Link |  Bookmark |October 15, 2022 9:52:50 AM
@DEVBULL written to company secretary cum compliance officer of the company, you can get email from RHP, he is bound to give you. Last resort is Stock Exchange where it is listed.
73.4. DEVBULL |   Link |  Bookmark |October 18, 2022 9:22:54 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@CA Sunil. Thank you. Finally, I got it from Bigshare. But it is sample only as far as NII is concerned. The allotment position for the categories of 5 lots to 59 lots are not available. Likewise several categories under NII are missing. Somewhere, you have mentioned that you got 1 lot out of two 10 lots HNI applications. But this category is not available in this sample BoA. I don’t know why this people are dodging. What prevented them to supply soft copy of full BoA? It is pertinent to note that even now it is not uploaded in our CG portal.
72. Safe Bet |   Link |  Bookmark |October 11, 2022 8:10:23 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Just the second day & volume has dwindled to just 12000.
What can we expect ahead?
72.2. pvn |   Link |  Bookmark |October 11, 2022 9:45:58 PM
@SafeBet, Looks like no one is interested to book the profits in less traded companies at least for now. People are holding it tightly, may see profit booking at higher levels.
Highly traded lots got absorbed, So good demand for Silicon nd Reetech at these levels. Good for them in longterm....
72.3. Amit Surana |   Link |  Bookmark |October 12, 2022 10:44:37 AM (400+ Posts)
today we can see good trade.....
71. Mas |   Link |  Bookmark |October 10, 2022 10:21:37 AM (200+ Posts)
Sold at 70/- , no regrets.
70. Amit Surana |   Link |  Bookmark |October 10, 2022 9:51:08 AM (400+ Posts)
was expecting it to list above 75/- but due to weak market listed at 70...

hardly any buyer???
69. Mas |   Link |  Bookmark |October 10, 2022 9:30:22 AM (200+ Posts)
Strong listing on cards
Shows 85.5 pre opening
68. lokes |   Link |  Bookmark |October 9, 2022 9:43:04 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
In my opinion, it can list around 82-85...for new buying, around 75-80 can be good price....profit can be booked if getting above 90 levels....this company is also good for medium to long term holding and will have good growth mostly as seen in last 3 years and logistics sector normally had decent runs in past....
But just be careful for new buying especially in cargotrans and concord at too high prices since markets are also too volatile and monday will be down....
68.1. pvn |   Link |  Bookmark |October 10, 2022 7:28:10 AM
@Lokes sir, Impressive posts and analysis from you on the stocks listing today. Kudos to you sir. many newcomers and experts will surely benefit from this.
The way your doing risk analysis is really good. Thanks, will do careful buying today.
Btw are you working as CA sir??
67. Pratham |   Link |  Bookmark |October 8, 2022 1:52:15 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Gmp 36
66. Vipul M Shah |   Link |  Bookmark |October 8, 2022 1:17:15 PM (400+ Posts)
Anybody got 3rd party allotment?
65. Pratham |   Link |  Bookmark |October 8, 2022 2:04:23 AM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
GMP 35
64. LOVE IPO |   Link |  Bookmark |October 7, 2022 7:46:26 PM
Traded at heavy volumes in Ahmedabad and Rajkot...one lot quoting at 1.10 lakhs. There is sudden jump in the grey market..had already given a head up on this .in my post no 21...best wishes to all those who recieved allotment and to also those who took position at lower level..this surely was a dark horse which will gallop in style to the finishing line..cheers..🚀🚀🚀
63. Satish Subhashrao Suryawanshi |   Link |  Bookmark |October 7, 2022 9:28:17 AM
Anybody's Cargotrans amount unblocked yet? Applied through SBI ASBA.
63.1. Vipul M Shah |   Link |  Bookmark |October 7, 2022 11:23:52 AM (400+ Posts)
@ Satish Suryawanshi

My amount in SBI yet not unblocked.
63.2. Satish Subhashrao Suryawanshi |   Link |  Bookmark |October 7, 2022 5:50:19 PM
My amount is unblocked in afternoon today.
62. Amit Surana |   Link |  Bookmark |October 7, 2022 1:10:14 PM (400+ Posts)
seems like a good jump in cargotrans GMP ....
62.1. Ram kishan somani |   Link |  Bookmark |October 7, 2022 1:45:24 PM
At present what is gmp.Probable listing price.listing per hold ya sale.pl guide
61. BABUKALIA |   Link |  Bookmark |October 7, 2022 10:29:59 AM
SBI UNBLOCKED CARGOTRANS
60. BABUKALIA |   Link |  Bookmark |October 6, 2022 9:22:47 PM
SBI ME KISI KA FUND REMOVE HUA HE
60.1. Vikashsikky |   Link |  Bookmark |October 6, 2022 11:47:59 PM
Ha
59. YashC |   Link |  Bookmark |October 6, 2022 8:35:08 PM
Shares credited to demat!
Early listing on cards?
CDSL: Credit in a/c ****43583 through IPO/FPO for 3000-CARGOTRANS-EQ on 06OCT
58. NITEENIPO |   Link |  Bookmark |October 6, 2022 7:35:28 PM (300+ Posts)
Has Kotak Bank unblocked anybody's ASBA UPI mandate raised via Zerodha?
57. RAKA GANGAPUR |   Link |  Bookmark |October 5, 2022 7:31:23 PM
Somebody told that there is 30/- Premium On Cargotrans,
Not Sure Whether it is true or not
56. MRavichandran |   Link |  Bookmark |October 4, 2022 7:46:38 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
Another 3 Zero's. (as expected)
All the best for good allotments in this and tonight.

Thanks
56.19. NeilM |   Link |  Bookmark |October 5, 2022 6:42:32 PM
@mravi - what is the ideal listing price for this share and will move upwards or downwards from there?

What is the price you may expect one to get in and get out?
56.20. SamJos |   Link |  Bookmark |October 5, 2022 7:12:47 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@lokes, sorry for incomplete info. It was 1 alloted out of 6 hni application, each of 15 lots.