Cargosol Logistics IPO

Cargosol Logistics IPO IPO

Cargosol Logistics IPO will open for subscription from 28 September 2022. the company aims for an issue size of ₹7.56 Cr through this IPO.

Cargosol Logistics Limited

The 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.

The company also provides warehousing facilities to the customers and the warehouses are well connected to several manufacturing and consumption clusters located in Thane, Maharashtra. Company 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 mainline operators.

The company’s headquarters is in Mumbai and it has a presence in major locations such as Kalamboli, Pune, New Delhi, Chennai, and a warehouse located at Thane. Its customers operate in various sectors across India, including automotive and heavy engineering, telecom, food and agro, fast-moving consumer goods (“FMCG”), paint, and dairy.

Basic details about the company

Full nameCargosol Logistics Limited
Company Website

Objects of the Issue

  • For working capital requirements.
  • For Purchasing vehicles for commercial purposes.

Dates to remember

IPO Opening date28 September 2022
IPO Closing30 September 2022
Basis of Allotment06 October 2022
Initiation Refunds07 October 2022
Credit to Demat Account10 October 2022
Listing Date11 October 2022

Cargosol Logistics IPO Details

Cargosol Logistics IPO DateSep 28, 2022 to Sep 30, 2022
Cargosol Logistics IPO Face Value₹10 per share
Cargosol Logistics IPO Price₹28 per share
Cargosol Logistics Lot Size4000 Shares
Issue Size2,700,000 shares of ₹10
(aggregating up to ₹7.56 Cr)
Fresh Issue2,700,000 shares of ₹10
(aggregating up to ₹7.56 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME

Cargosol Logistics IPO Lot Size

Retail (Min)14000₹112,000
Retail (Max)14000₹112,000

Cargosol Logistics IPO Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Cargosol Logistics Financial Performance

 FY 2019FY 2020FY 20219M FY 2022
Net income101.88120.14176.14401.72
(Figures are in ₹Lakhs)

Cargosol Logistics Valuations & Margins

FY 2019FY 2020FY 2021
PE ratio
RONW (%)18.7716.0920.07
Debt/Equity ratio2.311.861.77
ROCE (%)10.712.914.3

Company Promoters

  • Mr. Roshan Kishanchand Rohira
  • Mr. Samuel Janathan Muliyil

Cargosol Logistics Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.52%

Lead Manager(s)

  • Hem Securities Limited

Cargosol Logistics IPO Registrar

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083,
Maharashtra, India
Phone: +91 22 4918 6200 

Cargosol Logistics Contact Details

502, Swaroop Arcade,
Sahar Road, Andheri (East),
Mumbai – 400099,
Maharashtra, India
Phone: +91-022-66126000

Cargosol Logistics IPO Allotment Status

Cargosol Logistics IPO allotment will be available on Link Intime’s website. Click on this link to get allotment status.

Final thoughts

Cargosol Logistics IPO will open for subscription from 28 September 2022. the company aims for an issue size of ₹7.56 Cr 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

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