Committed Cargo IPO – Review, Allotment Status, Subscription, Price, Date & more

Committed Cargo is a cargo company set up in New Delhi which is promoted by Mr. Rajeev Sharma, Mr. Nitin Bharal, Mr. Narendra Singh Bisht and Mr. Yashpal Arora. Committed Cargo is coming up with an IPO of Rs. 10.32 crores. This represents 26% of the post issue paid capital of the company. Lets have a look into the details of Committed Cargo IPO to know the Committed Cargo IPO size, IPO offer price, IPO objective, company performance etc.


Committed Cargo IPO Review & Ratings

Committed Cargo IPO Ratings & Review
CriteriaRatings
Industry Sentiments6.1/10
Industry Ranking6.2/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge 6.3/10
Financial Statements 6.3/10
Popularity Index6.2/10
Promoters Reputation 6.1/10
Retail Appetite 6.2/10
Top Brokers Review 6.3/10
Overall Ratings 6.2/10
Star Ratings★★★☆☆

Summary of Committed Cargo IPO

Committed Cargo IPOCommitted Cargo is a Third Party Logistic provider which specializes in handling Import & Export Cargo and provide integrated services to the customers. Company provides integrated logistics services such as cargo management solutions, order management, international freight management, customs and cross-border movement, heavy and over-dimensional cargo movement etc.

The company is coming up with an IPO of  2,724,000 equity shares with face value of Rs. 10 each and is aimed to raise funds worth Rs. 10.35 crores. Out of the said amount, the company has reserved 1,38,000 equity shares for subscription by the market makers thus the net offer to the public is 25,86,000 equity shares. The IPO of the company is being managed by the book running lead managers which is Sarthi Capital Advisors and the registrar to the offer is Bigshare Services.


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Committed Cargo IPO Date

The Company is yet to finalise the date for releasing IPO. Currently, the company is into getting final approvals from the regulatory bodies and will be soon finalsing the date of IPO release. This section will be updated once the date is finalised by the company.

Committed Cargo IPO Subscription

 Subscription
Day 1 X
Day 2 X
Day 3X
Day 4 X
Day 5 X

The details of subscription made by the public will be updated herein on a daily basis, once the IPO is released.

Committed Cargo IPO Allotment Status

The details of allotment made by the company will be updated herein once the company concludes the allotment process.

Committed Cargo IPO Price Band

Committed Cargo has fixed up an offer price of Rs. 38 per share which means a premium of Rs. 28 is being charged on each equity share. The company has fixed the price in consultation with the lead managers and the factors considered for the same have been discussed in detail in the later section of this article.

Committed Cargo IPO Issue Size

The IPO size is Rs. 10.38 crores of which Rs. 9.82 crore is available for the public to subscribe and the balance has been reserved by the company for market makers.

Committed Cargo IPO Equity Share Offerings

The number of shares being issued under the IPO is 27,24,000. Out of this, 1,38,000 equity shares have been reserved for the market makers and balance 25,86,000 are available for the public to subscribe.


Committed Cargo Limited – Company Overview

Committed Cargo Care Limited, set up in New Delhi, is Third Party Logistic provider which specializes in handling Import & Export Cargo and provide integrated services. Company started its operations as a Clearing House Agent and was one of the early players in the industry to gain an ISO Certification.  Company provides integrated logistics services such as cargo management solutions, order management, international freight management, customs and cross-border movement, heavy and over-dimensional cargo movement etc. The well-established network and tracking software enables to provide fast and reliable information to our client. Thus, capable of handling –packaging, warehousing, freight forwarding, custom clearance of export and import cargo of commercial consignments, diplomatic and non-diplomatic consignments, special services and forwarding of cargos by choosing the most convenient and cost effective transportation method by air, courier, sea and road any time & anywhere around the globe. Their major revenue, about 85% is derived from air freight shipments. They specialize in handling Air Freight Cargo ranging from small package to any big lot or overweight / over dimensional cargo, including complete door-to-door delivery logistics. Its experienced team of Air Freight professionals pays keen attention to considerations of time, space, frequency and cost.

Key Members of Committed Cargo Care Limited:
  • Mr. Rajeev Sharma, Managing Director
  •  Mr. Nitin Bharal, Whole-time Director
  • Mr. Narendra Singh Bisht, Whole-time Director and CFO

Competitive Strengths of Committed Cargo Care Limited:

  • Wide Spectrum of Services
  • Asset Light Business Model
  • Team of Experts
  • Strong Client Base
  • Leveraging the experience of our Promoter and management
  • Total Freight Management
  • Large Distribution Network
  • Technology
  • Quality of Service
  • Supplier Relationship
  • Customer Relationship

Business strategy of Committed Cargo Care Limited:

  • PAN India presence
  • Investment in infrastructure
  • Technology upgradation
  • Enhance customer base by entering new avenues
  • Strengthen management bandwidth

Committed Cargo – Financial Statements

Let us look into the key firgures of the company to understand its past performance.

Assets of the Company

Assets (in INR & Lakh)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Non-Current Asset270257243220214
Current Asset1,5311,5531,2281,2111,050
Total Asset1,8011,8111,4711,4311,264

Revenue & PAT of the Company

Revenue & Profits (in INR & Lakh)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Total Revenue6,3696,4526,2136,0795,002
Profit after Tax (PAT)198142149160167

Earnings per Equity Share

Earning per Equity Share (in INR)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Basic2.852.052.142.312.40
Diluted2.852.052.142.312.40

The numbers show a slow growth in the company but the company has been consistent and while has not seen any ups, it has not even seen any downfalls and hence can be concluded to be a safe bet.


Committed Cargo Promoters

The promoters of Committed Cargo are:

  • Mr. Rajeev Sharma
  • Mr. Nitin Bharal
  • Mr. Narendra Singh Bisht
  • Mr. Yashpal Arora

Promoter Interest in the company

The promoters may be deemed to be interested in the promotion of the Issuer to the extent of the Equity Shares
held by them as well as their relatives and also to the extent of any dividend payable to them and other distributions
in respect of the aforesaid Equity Shares. Further, Promoters may also be interested to the extent of Equity Shares held by or that may be subscribed by and allotted to companies and firms in which either of them are interested as a director, member or partner.

Promoter Interest in the property of the company

Promoters do not have any interest in any property acquired by our Company in last two years or proposed to be acquired by the Company.


Committed Cargo IPO Offer Details or Issue Details

ParticularsNo. of Equity Shares
Public Issue of Equity Shares by Company27,24,000 Equity  Shares  of  face  value  of  Rs.  10/- each  fully paid  up  of  the  Company  for  cash  at  a  price  of  Rs. 38/- per Equity share aggregating to Rs. 10.35 crores
The offer consists of:
Market Maker Reservation Portion1,38,000 Equity  Shares  of  face  value  of  Rs.  10/- each  fully paid  up  of  the  Company  for  cash  at  a  price  of  Rs. 38/- per Equity share aggregating to Rs. 52.44 lacs
Net Issue to the Public25,86,000 Equity  Shares  of  face  value  of  Rs.  10/- each  fully paid  up  of  the  Company  for  cash  at  a  price  of  Rs. 38/- per Equity share aggregating to Rs. 9.83 crores
Of which:
12,93,000 Equity  Shares  of  face  value  of  Rs.  10/- each  fully paid  up  of  the  Company  for  cash  at  a  price  of  Rs. 38/- per Equity share will
be available for allocation to investors up to Rs. 2.00 Lakhs
12,93,000 Equity  Shares  of  face  value  of  Rs.  10/- each  fully paid  up  of  the  Company  for  cash  at  a  price  of  Rs. 38/- per Equity share will
be available for allocation to investors above Rs. 2.00 Lakhs
Pre and Post Issue Equity Shares
Equity Shares outstanding prior to the Issue75,69,600 Equity Shares of Face Value of Rs. 10/- each
Equity Shares outstanding after the Issue1,02,93,600 Equity Shares of Face Value of Rs. 10/- each

 


Committed Cargo IPO Issue Object

The Company proposes to utilize the funds which are being raised towards funding the following objects and achieve
the benefits of listing on the NSE Emerge Platform. The objects of the issue are:

  • To meet the working capital requirements of our Company & wholly owned Subsidiary
  • General corporate purpose
  • Issue expenses

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Committed Cargo IPO – Basis of the Offer Price

The Issue Price of Rs. 38/- per Equity Share has been determined by the Company, in consultation with the Lead Managers on the basis of an assessment of market demand for the Equity Shares through the Fixed Price Process and on the basis of the following qualitative and quantitative factors. The face value of the Equity Share of the Company is Rs. 10/- and Issue Price is 3.80 times the face value.

Qualitative factors influencing the offer price:

  • Established and proven track record
  • Wide spectrum of services
  • Leveraging the experience of Promoters
  • Experienced management team and a motivated and efficient work force
  • Strong client base and cordial relations with customers

Quantitative factors influencing the offer price:

  • Earning per share – The EPS for March 2017 is Rs. 2.85 and the weighted average EPS for the latest three years is Rs. 2.46.
  • Price/earning ratio – PE ratio is one of the key indicators used for analysing the performance of a company. The PE ratio for FY 16-17 is 13.33 and the weighted average PE ratio is 15.45.
  • Return on Net Worth – The weighted average RoNW works out to 14.90% and that for FY 16-17 is 15.60%. The minimum RoNM to maintain the pre issue EPS is 12.75%
  • Net Asset Value – NAV per Equity Share – The net asset value per equity share as on 31 March 2017 is Rs. 18.25 and post the issue, the NAV would be Rs. 38.
  • Comparison of Accounting ratios with Industry peers – The listed industry peers include Jet Freight logistics, Total Transport Systems and Tiger Logistics.

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Committed Cargo IPO Lead Managers

Lead Managers
Sarathi Capital Advisors Private Limited

Committed Cargo IPO Registrar to offer

Registrar of the Offer
 Bigshare Service Private Limited

Committed Cargo IPO Review by Top 10 Stock Brokers


Committed Cargo IPO Grey Market Premium

The grey market for any IPO opens a fortnight before the release of the IPO. The grey market involves dealing in a security that has not been listed yet. The price at which the grey market trades are undertaken is referred to as grey market premium. These details will be updated herein once the IPO release date is finalised.


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