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 name | Cargosol Logistics Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | https://cargosol.com/ |
Objects of the Issue
- For working capital requirements.
- For Purchasing vehicles for commercial purposes.
Dates to remember
| IPO Opening date | 28 September 2022 |
| IPO Closing | 30 September 2022 |
| Basis of Allotment | 06 October 2022 |
| Initiation Refunds | 07 October 2022 |
| Credit to Demat Account | 10 October 2022 |
| Listing Date | 11 October 2022 |
Cargosol Logistics IPO Details
| Cargosol Logistics IPO Date | Sep 28, 2022 to Sep 30, 2022 |
| Cargosol Logistics IPO Face Value | ₹10 per share |
| Cargosol Logistics IPO Price | ₹28 per share |
| Cargosol Logistics Lot Size | 4000 Shares |
| Issue Size | 2,700,000 shares of ₹10 (aggregating up to ₹7.56 Cr) |
| Fresh Issue | 2,700,000 shares of ₹10 (aggregating up to ₹7.56 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Cargosol Logistics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
Cargosol Logistics IPO Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Cargosol Logistics Financial Performance
| FY 2019 | FY 2020 | FY 2021 | 9M FY 2022 | |
| Revenue | 5,590.79 | 6,412.92 | 10,359.99 | 13,517.14 |
| Expenses | 5,460.19 | 6,262.12 | 10,121.98 | 12,975.17 |
| Net income | 101.88 | 120.14 | 176.14 | 401.72 |
Cargosol Logistics Valuations & Margins
| FY 2019 | FY 2020 | FY 2021 | |
| EPS | 1.64 | 1.68 | 2.62 |
| PE ratio | – | – | – |
| RONW (%) | 18.77 | 16.09 | 20.07 |
| NAV | 8.75 | 10.43 | 13.05 |
| Debt/Equity ratio | 2.31 | 1.86 | 1.77 |
| ROCE (%) | 10.7 | 12.9 | 14.3 |
Company Promoters
- Mr. Roshan Kishanchand Rohira
- Mr. Samuel Janathan Muliyil
Cargosol Logistics Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.52% |
Lead Manager(s)
- Hem Securities Limited
Cargosol Logistics IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083,
Maharashtra, India
Phone: +91 22 4918 6200
Email: cargosol.ipo@linkintime.co.in
Website: www.linkintime.co.in
Cargosol Logistics Contact Details
CARGOSOL LOGISTICS LIMITED
502, Swaroop Arcade,
Sahar Road, Andheri (East),
Mumbai – 400099,
Maharashtra, India
Phone: +91-022-66126000
E-mail: cs@cargosol.com
Website: www.cargosol.com
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
