Cargotrans Maritime 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 Cargotrans Maritime IPO release date, IPO offer price, subscription, Cargotrans Maritime 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. 45 |
| Listing At | BSE SME |
| Min. Order Quantity | 3000 shares |
| Listing Date | Oct 10, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 486.00 Lakh |
| IPO Size | Rs. 486.00 Lakh |
| Tick Size | 1 |
Cargotrans Maritime IPO is listed at a Rs. 35 premium. Check out the live share price by clicking on the below link.
Cargotrans Maritime IPO – Summary
They are an international logistics solutions provider with the core business of providing sea logistics services including ocean freight forwarding (FCL and LCL), transportation, customs clearance, warehousing and other value-added services to the clients.
They started the business of freight forwarding in 2012 and have, since then, con
sistently grown their presence, enhanced the scope of services and increased their capabilities and expertise.
In October 2019, the Company acquired a 100% stake in Cargotrans Maritime Agencies Private Limited (“CMAPL”) and Cargotrans Maritime Forwarding Private Limited (“CMFPL”) to enter into the segment of custom house agent service and coastal transportation (i.e. transport of goods through sea within India).
The Promoter of this company is Edwin Alexander, Manju Edwin, Mathew Jacob and B Chandrashekhar Rao. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Cargotrans Maritime IPO Date
The opening of Cargotrans Maritime IPO will be on Sep 27, 2022, and the closing date Sep 29, 2022.
Cargotrans Maritime IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 27th Sept | 1.51x | 7.15x | 4.33x |
| 2nd Day – 28th Sept | 7.36x | 30.69x | 19.03x |
| 3rd Day – 29th Sept | 129.63x | 166.86x | 148.25x |
| Shares Offered or Net Issue | 510,000 | 510,000 | 1,020,000 |
The shares subscribed by the public will be updated here.
Cargotrans Maritime 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.
Cargotrans Maritime Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Oct 4, 2022 |
| Refunds Initiation | Oct 6, 2022 |
| Credit of Shares to Demat Account | Oct 7, 2022 |
| Share Listing Date | Oct 10, 2022 |
Cargotrans Maritime IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.45.
Cargotrans Maritime IPO Equity Size
This Initial Public Issue of 10,20,000 Equity Shares of Rs.10 each for cash at a price of Rs.45 per equity share aggregating to Rs.459 Lakh.
Cargotrans Maritime IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 10,80,000 Equity Shares of Rs.10/ each.
Issue Size: Rs. 10,80,000 Equity Shares of Rs.10 each, aggregating to Rs. 486.00 Lakh.
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Cargotrans Maritime IPO – Live Performance
The listing date of this IPO is Oct 10, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Cargotrans Maritime Share Price |
Cargotrans Maritime IPO Grey Market Premium
The Cargotrans Maritime Limited IPO Grey Market Premium price is Rs , the Kostak rate is Rs X and the Subject to Sauda is X.
Cargotrans Maritime IPO – Company Overview
The company have a Multi-Modal Transport Operator’s License, which enables them to issue a single negotiable multimodal transport document covering multiple modes of transport and position itself as an independent player in this field thus strengthening its revenue model.
They also undertake work related to regulatory compliance services such as customs clearance, through CMAPL, which owns a valid Custom House Agent’s License. The registered office of their Company is situated at Gandhidham,
Gujarat and they have two branch offices at Ahmedabad & Rajkot and two port offices at Mundra and Pipavav. As of the date of Prospectus, their Company operates at 4 seaports of Gujarat i.e. Mundra, Hazira, Kandla and Pipavav.
Currently, they operate a fleet of 9 owned commercial trailers for moving containers and apart from this they also hire third-party transport operators to meet the shipping demand of their customers.
Their customers operate in various sectors, including food processing, agro-based, commodities, plastics, minerals, ceramics, trading, packaging, textiles etc.
Cargotrans Maritime 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 | |
| Total Assets | 1157.43 | 1071.37 | 592.68 |
| *Total Revenue | 8959.92 | 4941.1 | 2058.43 |
| Total Expense | 8,641.70 | 4,785.67 | 2,020.42 |
| Profit After Tax | 236.28 | 115.01 | 27.56 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 2.00 | 0.18 | (1.45) |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.236.28 Lakh, Rs. 115.01 Lakh, and Rs . 27.56 Lakh, respectively.
Cargotrans Maritime IPO – Promoters
The Promoter of this company is:
- Edwin Alexander
- Manju Edwin
- Mathew Jacob
- B Chandrashekhar Rao
List of Related Parties (Key Managerial Personnel)
- Manju Edwin, Whole Time Director
- Mathew Jacob, Managing Directo
- B Chandrashekhar Rao, Chief Executive Officer & Whole Time Director
- Ansari Nasrullah, Chief Financial Officer
- Chhayaben Mulani, Company Secretary & Compliance officer
Cargotrans Maritime IPO – Promoters Holding
- Pre Issue Share Holding -100%
- Pos Issue Share Holding -73.53%
Cargotrans Maritime IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 10,80,000 Equity Shares aggregating up to Rs. 486.00 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 60,000 Equity Shares aggregating up to Rs.27 Lakh |
| Net Issue to the Public | Up to 10,20,000 Equity Shares aggregating up to Rs.459 Lakh |
| Of which: | |
| Retail Investors Portion | 5,10,000 Not less than 50% |
| Other than Retail Individual Investors | 5,10,000 Not more than 50% |
| Equity Shares outstanding prior to the Issue | 30,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 40,80,000 Equity Shares |
Cargotrans Maritime IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1.To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Cargotrans Maritime IPO – Business Strategy
- Expand their geographical reach
- Increase their fleet size
- Continue to strive for cost efficiency
- Focus on consistently meeting quality standards
- Continue to strengthen their relationships with the customers
Cargotrans Maritime 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:
- Wide range of logistics services and solutions.
- Diversified customer base across varied industry verticals.
- Long-standing relationship with Customers.
- A strong relationship with constituents of the logistics value chain.
- Experienced Management team.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 7.88 | 15.23 | 17.74 |
| 31-Mar-21 | 3.83 | 38.85 | 9.87 |
| 31-Mar-20 | 0.92 | 44.39 | – |
Cargotrans Maritime IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Cargotrans Maritime Limited | 10 | 5.71 | 7.88 | 44.39 | 89.60 |
| Listed Peers | |||||
| Accuracy Shipping Limited | 10 | 20.13 | 12.02 | 16.73 | 826.09 |
| Tiger Logistics India Limited | 10 | 7.17 | 31.81 | 45.19 | 617.20 |
| Allcargo Logistics Ltd. | 2 | 10.13 | 37.68 | 29.28 | 2011.44 |
| Total Transport Systems Limited | 10 | 21.38 | 6.46 | 17.02 | 583.65 |
Cargotrans Maritime IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904,A Wing, Naman Midtown, SenapatiBapatMarg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000; Email: ib@hemsecurities.com Website: www.hemsecurities.com Contact Person: Akun Goyal SEBI Regn. No. INM000010981 |
Cargotrans Maritime IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre. Andheri (East), Mumbai – 400 093Tel. No.: +91 22 6263 8200 Email:ipo@bigshareonline.com Website:www.bigshareonline.com Investor Grievance Email:investor@bigshareonline.com Contact Person: Babu Rapheal SEBI Registration No.: INR000001385 |
Cargotrans Maritime IPO – Other Details
- Statutory Auditor – M/s. Nirup Pomal & Associates,
- Legal Counsel to the Company – MMJB & Associates LLP, Company Secretaries
- Bankers to the Company –HDFC Bank Ltd.
Cargotrans Maritime 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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Cargotrans Maritime Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Cargotrans Maritime IPO Review FAQs
Check out various FAQs related to Cargotrans IPO:
What is the Issue Size of Cargotrans Maritime IPO?
The Company is making an initial public offer of 1,080,000 equity shares. They 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 Cargotrans Maritime IPO?
The price band for this particular IPO ranges between Rs.45. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Cargotrans Maritime IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 27, 2022, while the closing date is set at Sep 29, 2022.
What is the Cargotrans Maritime IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 4, 2022, refund initiation is on Oct 6, 2022, credit of shares is on Oct 7, 2022, and share listing date is on Oct 10, 2022.
What is the Cargotrans Maritime IPO Listing Date?
Shares of this company shall be listed in the exchanges Oct 10, 2022. The date, when the listing would be done, is stagnant on Oct 10, 2022.
Who is the Registrar of Cargotrans Maritime IPO?
One of the reputed registrars is managing the issue of this IPO, BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Cargotrans Maritime IPO?
Here are the promoters of this IPO – Edwin Alexander, Manju Edwin, Mathew Jacob and B Chandrashekhar Rao. 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 Cargotrans Maritime IPO?
They 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 Cargotrans Maritime IPO good for Investment?
They 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 Cargotrans Maritime Company?
They have the information of company financials, and according to that, they 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.236.28 Lakh, Rs. 115.01 Lakh, and Rs . 27.56 Lakh, respectively.
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