Cargotrans Maritime IPO

Cargotrans Maritime IPO

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 nameCargotrans Maritime Limited
Company Website

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 date27 September 2022
IPO Closing29 September 2022
Basis of Allotment04 October 2022
Initiation Refunds06 October 2022
Credit to Demat Account07 October 2022
Listing Date10 October 2022

Cargotrans Maritime IPO Details

Cargotrans Maritime IPO DateSep 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 Size3000 Shares
Issue Size1,080,000 shares of ₹10
(aggregating up to ₹4.86 Cr)
Fresh Issue1,080,000 shares of ₹10
(aggregating up to ₹4.86 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME

Cargotrans Maritime IPO Lot Size

Retail (Min)13000₹135,000
Retail (Max)13000₹135,000

Cargotrans Maritime IPO Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Cargotrans Maritime Financial Performance

 FY 2020FY 2021FY 2022
Net income27.56115.01236.28
(Figures are in ₹Lakhs)

Cargotrans Maritime Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio5.71
RONW (%)44.3938.8515.23
Debt/Equity ratio1.391.130.43
ROCE (%)19.7738.2651.91

Company Promoters

  • Edwin Alexander
  • Manju Edwin
  • Mathew Jacob
  • B Chandrashekhar Rao

Cargotrans Maritime IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.53%

Lead Manager(s)

  • Hem Securities Limited

Cargotrans Maritime Registrar

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

Cargotrans Maritime Contact Details

DBZ-S-61A, 2nd Floor,
Shyam Paragon, Gandhidham,
Kachchh – 370 201, Gujarat
Phone: +91 90999-35142

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

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