Cargotrans Maritime IPO will open for subscription from 27 September 2022. the company aims for an issue size of ₹4.86 Cr through this IPO.
Cargotrans Maritime Limited
The company is 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 clients. It started the business of freight forwarding in 2012 and has consistently grown its presence, enhanced the scope of services, and increased its 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).
It has a Multi-Modal Transport Operator’s License, which enables it to issue a single negotiable multimodal transport document covering multiple modes of transport. It also undertakes work related to regulatory compliance services such as customs clearance, through CMAPL, which owns a valid Custom House Agent’s License.
The company operates at 4 seaports in Gujarat i.e. Mundra, Hazira, Kandla, and Pipavav. Currently, it operates a fleet of 9 owned commercial trailers for moving containers, and apart from this, it also hires third-party transport operators to meet the shipping demand of its customers. Its customers operate in various sectors, including food processing, agro-based, commodities, plastics, minerals, ceramics, trading, packaging, textiles, etc.
Basic details about the company
| Full name | Cargotrans Maritime Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | https://www.cargotrans.in/ |
Major competitive strengths
- 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.
Objects of the Issue
- For Working Capital requirements.
- To meet issue expenses.
- General Corporate Purpose.
Dates to remember
| IPO Opening date | 27 September 2022 |
| IPO Closing | 29 September 2022 |
| Basis of Allotment | 04 October 2022 |
| Initiation Refunds | 06 October 2022 |
| Credit to Demat Account | 07 October 2022 |
| Listing Date | 10 October 2022 |
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 Size | 1,080,000 shares of ₹10 (aggregating up to ₹4.86 Cr) |
| Fresh Issue | 1,080,000 shares of ₹10 (aggregating up to ₹4.86 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Cargotrans Maritime IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
Cargotrans Maritime IPO Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Cargotrans Maritime Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 2,057.94 | 4,940.77 | 8,954.36 |
| Expenses | 2,020.42 | 4,785.67 | 8,641.70 |
| Net income | 27.56 | 115.01 | 236.28 |
Cargotrans Maritime Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.92 | 3.83 | 7.88 |
| PE ratio | – | – | 5.71 |
| RONW (%) | 44.39 | 38.85 | 15.23 |
| NAV | – | – | 17.74 |
| Debt/Equity ratio | 1.39 | 1.13 | 0.43 |
| ROCE (%) | 19.77 | 38.26 | 51.91 |
Company Promoters
- Edwin Alexander
- Manju Edwin
- Mathew Jacob
- B Chandrashekhar Rao
Cargotrans Maritime IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.53% |
Lead Manager(s)
- Hem Securities Limited
Cargotrans Maritime Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: 22 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Cargotrans Maritime Contact Details
CARGOTRANS MARITIME LIMITED
DBZ-S-61A, 2nd Floor,
Shyam Paragon, Gandhidham,
Kachchh – 370 201, Gujarat
Phone: +91 90999-35142
E-mail: info@cargotrans.in
Website: www.cargotrans.in
Cargotrans Maritime IPO Allotment Status
Cargotrans Maritime IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Cargotrans Maritime IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
