Cargosol Logistics IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Cargosol Logistics IPO release date, IPO offer price, subscription, Cargosol Logistics Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 28 |
| Listing At | BSE SME |
| Min. Order Quantity | 4000 shares |
| Listing Date | Oct 11, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 756 Lakh |
| IPO Size | Rs. 756 Lakh |
| Tick Size | 1 |
Cargosol Logistics IPO is listed at a Rs. 18 premium. Check out the live share price by clicking on the below link.
Cargosol Logistics IPO – Summary
Our Company 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.
As on the date of this Draft Prospectus, they operate a fleet of 12 commercial vehicles which are owned by us and apart from this, they also hire third party transport operators in case of high demand and business feasibility.
They 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 main line operators.
The Promoter of this company is Mr. Roshan Kishanchand Rohira and Mr. Samuel Janathan Muliyil. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED .
Cargosol Logistics IPO Date
The opening of Cargosol Logistics IPO will be on Sep 28, 2022 and the closing date Sep 30, 2022.
Cargosol Logistics IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 28th Sept | 0.59x | 1.05x | 0.82x |
| 2nd Day – 29th Sept | 1.79x | 5.58x | 3.68x |
| 3rd Day – 30th Sept | 84.61x | 26.26x | 55.43x |
| Shares Offered or Net Issue | 1,280,000 | 1,280,000 | 2,560,000 |
The shares subscribed by the public will be updated here.
Cargosol Logistics IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Cargosol Logistics Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Oct 6, 2022 |
| Refunds Initiation | Oct 7, 2022 |
| Credit of Shares to Demat Account | Oct 10, 2022 |
| Share Listing Date | Oct 11, 2022 |
Cargosol Logistics IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.28.
Cargosol Logistics IPO Equity Size
This Initial Public Issue of 2,700,000 Equity Shares of Rs.10 each for cash at a price of Rs.28 per equity share aggregating to Rs.756 Lakh.
Cargosol Logistics IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,700,000 Equity Shares of Rs.10/ each.
Issue Size: 2,700,000 Equity Shares of Rs.10 each, aggregating to Rs. 756 Lakh.
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Cargosol Logistics IPO – Live Performance
The listing date of this IPO is Oct 11, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Cargosol Logistics Share Price |
Cargosol Logistics IPO Grey Market Premium
The Cargosol Logistics Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Cargosol Logistics IPO – Company Overview
They started the business of freight forwarding as a partnership firm under the leadership of our promoters in the year 2004 under the name and style of “Cargosol Logistics” and have, since then, they have consistently grown our presence, enhanced the scope of our services,
and increased our capabilities and expertise with continuous learning and up-gradation. They have over the years developed ourselves and increased the ambit of our services covering critical services which are required to execute end-to-end logistic needs.
These include Multi-modal Transportation, Contract Logistics, Regulatory Compliance, warehousing and related Value-Added Services. They are also engaged in handling of project cargo, which is a specialized activity requiring detailed planning and technical expertise.
The comprehensive project handling service includes designing and execution of customized solutions tailored to meet specific customer requirements for the transport of high value specialized equipment’s such as power plants, windmills stations etc.
from one location to another using multiple modes of transport. These assignments are generally handled on a turnkey contract basis.
Cargosol Logistics IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 5782.34 | 4107.51 | 2971.67 | 2689.2 |
| *Total Revenue | 20072.25 | 10359.99 | 6412.92 | 5590.79 |
| Total Expense | 12,975.17 | 10,121.98 | 6,262.12 | 5,460.19 |
| Profit After Tax | 553.76 | 176.14 | 120.14 | 101.88 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 6.38 | 2.62 | 1.68 | 1.64 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 , and 31-Mar-19 Rs. 553.76 Lakh, Rs. Lakh, 176.14 Rs.120.14 Lakh, and Rs. 101.88 Lakh respectively.
Cargosol Logistics IPO – Promoters
The Promoter of this company is:
- Mr. Roshan Kishanchand Rohira
- Mr. Samuel Janathan Muliyil
List of Related Parties (Key Managerial Personnel)
- Mr. Roshan Kishanchand Rohira, Chairman and Managing Director
- Mr. Samuel Janathan Muliyil, Chairman and Executive Director
- Mr. Cletus William D’souza, Chief Financial Officer
- Mr. Vinay B Karkera, Company Secretary and Compliance Officer
Cargosol Logistics IPO – Promoters Holding
- Pre Issue Share Holding -100%
- Pos Issue Share Holding -73.52%
Cargosol Logistics IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 2,700,000 Equity Shares aggregating up to Rs. 756 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,40,000 Equity Shares aggregating up to Rs.39.20 Lakh |
| Net Issue to the Public | Up to 25,60,000 Equity Shares aggregating up to Rs. 716.80 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 75,00,000 Equity Shares |
| Equity Shares outstandin g after the Issue | 1,02,00,000 Equity Shares |
Cargosol Logistics IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding 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 – Business Strategy
- Purchase of vehicle for commercial purpose
- Purchase of Containers for expansion of the NVOCC division
- To Meet Working Capital Requirement
- General Corporate Purpose
- Public Issue Expenses
Cargosol Logistics IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Integrated, end-to-end logistics services and solutions
- Our existing Network
- Storage capabilities
- Strong knowledge and expertise of our promoters.
- Diverse customer base across many sectors.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 6.38 | 32.84 | 19.44 |
| 31-Mar-21 | 2.62 | 20.07 | 8.75 |
| 31-Mar-20 | 1.68 | 16.09 | 10.43 |
| 31-Mar-19 | 1.64 | 18.77 | 13.05 |
Cargosol Logistics IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in crores) | |
| Cargosol Logistics Limited | 10 | 3.38 | 8.28 | 38.81 | 200.72 |
| Listed Peers | |||||
| Ritco Logistics Ltd | 10 | 35.19 | 6.65 | 13.13 | 596.70 |
| Allcargo Logistics Ltd | 2 | 10.61 | 37.68 | 27.21 | 20114.41 |
Cargosol Logistics IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000; Fax No.: +91- 022- 22625991 Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Website: www.hemsecurities.com Contact Person :Mr. Sourabh Garg SEBI Regn. No. INM000010981 |
Cargosol Logistics IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1 Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai, Maharashtra, India-400083 Tel No.:+91-022-49186200; Fax No.: +91-022-49186060 Email: cargosol.ipo@linkintime.co.in Investor Grievance Email: cargosol.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Regn. No.: INR000004058 |
Cargosol Logistics IPO – Other Details
- Statutory Auditor – M/s. C A S & Co. Chartered Accountants,
- Legal Counsel to the Company – Mindspright Legal
- Bankers to the Company –Indusind Bank Limited
Cargosol Logistics IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Cargosol Logistics Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP ProspectusDownload
Cargosol Logistics IPO Review FAQs
Check out various FAQs related to Cargosol Logistics IPO:
What is the Issue Size of Cargosol Logistics IPO?
The Company is making an initial public offer of 2,700,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Cargosol Logistics IPO?
The price band for this particular IPO ranges between Rs. 28. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Cargosol Logistics IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 28, 2022, while the closing date is set at Sep 30, 2022.
What is the Cargosol Logistics IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 6, 2022, refund initiation is on Oct 7, 2022, credit of shares is on Oct 10, 2022, and share listing date is on Oct 11, 2022.
What is the Cargosol Logistics IPO Listing Date?
Shares of this company shall be listed in the exchanges Oct 11, 2022. The date, when the listing would be done, is stagnant on Oct 11, 2022.
Who is the Registrar of Cargosol Logistics IPO?
One of the reputed registrars is managing the issue of this IPO, LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Cargosol Logistics IPO?
Here are the promoters of this IPO – Mr. Roshan Kishanchand Rohira and Mr. Samuel Janathan Muliyil. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Cargosol Logistics IPO?
We have obtained the GMP of this IPO and it is Rs.. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Cargosol Logistics IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Cargosol Logistics Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs. 553.76 Lakh, Rs. Lakh, 176.14 Rs.120.14 Lakh, and Rs. 101.88 Lakh respectively.
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