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Cargotrans Maritime Limited IPO (Cargotrans Maritime IPO) Detail

Sep 27, 2022 - Sep 29, 2022

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

Objects of the Issue

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 Details

Cargotrans Maritime IPO Date Sep 27, 2022 to Sep 29, 2022
Cargotrans Maritime IPO Face Value ₹10 per share
Cargotrans Maritime IPO Price ₹45 per share
Cargotrans Maritime IPO Lot Size 3000 Shares
Issue Size1,080,000 shares of ₹10
(aggregating up to ₹4.86 Cr)
Fresh Issue1,080,000 shares of ₹10
(aggregating up to ₹4.86 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

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

Cargotrans Maritime IPO Timeline (Tentative Timetable)

Cargotrans Maritime IPO opens on Sep 27, 2022, and closes on Sep 29, 2022. The Cargotrans Maritime IPO bid date is from Sep 27, 2022 10.00 A.M. to Sep 29, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Cargotrans Maritime IPO Opening Date Sep 27, 2022
Cargotrans Maritime IPO Closing Date Sep 29, 2022
Basis of Allotment Oct 4, 2022
Initiation of Refunds Oct 6, 2022
Credit of Shares to Demat Oct 7, 2022
Cargotrans Maritime IPO Listing Date Oct 10, 2022

Cargotrans Maritime IPO Lot Size

The Cargotrans Maritime IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹135,000
Retail (Max) 1 3000 ₹135,000

Cargotrans Maritime IPO Promoter Holding

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

Cargotrans Maritime IPO Review

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 4.33 times on Sep 27, 2022 4:58:00 PM. The public issue subscribed 7.15 times in the retail category, times in the QIB category, and 1.51 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.51
Retail7.15
Total4.33

Cargotrans Maritime IPO Prospectus

Cargotrans Maritime IPO Rating

63
3.6
Rating:Rated 3.6 stars
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Company Contact Information

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: http://www.bigshareonline.com

Cargotrans Maritime IPO Review

Cargotrans Maritime IPO Recommendation Summary

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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 Sep 27, 2022, and closes on Sep 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 Sep 27, 2022 and closes on Sep 29, 2022.

Cargotrans Maritime IPO lot size is 3000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Cargotrans Maritime IPO will be done on Oct 4, 2022, and the allotted shares will be credited to your demat account by Oct 7, 2022. Check the Cargotrans Maritime IPO allotment status.

The Cargotrans Maritime IPO listing date is not yet announced. The tentative date of Cargotrans Maritime IPO listing is Oct 10, 2022.
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