Committed Cargo Care IPO will open for subscription from 06 October 2023. The company aims for an issue size of ₹24.98 Cr through this IPO.
Company Overview
| Full name | Committed Cargo Care Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | https://www.committedgroup.com/ |
About Company
Incorporated in 1998, Committed Cargo Care is an ISO 9001:2015 company, headquartered in Delhi. The company is a 3PL (Third Party Logistic) provider that specializes in handling Import, and export Cargo and provides integrated services to customers.
Committed Cargo Care started its operations as a Clearing House Agent. Committed Group has established hubs in Delhi, Mumbai, Chennai, Jaipur, Ludhiana, and Agra and a reliable network of associate offices in India and globally. The company is also an accredited member of FIATA, The Air Cargo Agent Association of India (ACAAI), and the International Air Transport Association (IATA). The company had an employee base of 169 employees. Committed Cargo Care has had positive financial reports over the past years. For the FY 2021, 2022, and 2023, the PAT of the company was INR 2.32 crore, INR 3.09 crore, and INR 5.33 crore, respectively.
The Objectives of the Issue
- Meeting working capital requirements.
- General corporate purposes.
Committed Cargo Care IPO Timetable
| IPO Opening date | 06 October 2023 |
| IPO Closing | 10 October 2023 |
| Basis of Allotment | 13 October 2023 |
| Initiation Refund | 16 October 2023 |
| Credit to Demat Account | 17 October 2023 |
| Listing Date | 18 October 2023 |
Committed Cargo Care IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹24.98 Cr – 3,244,000 shares |
| Fresh Issue | ₹24.98 Cr – 3,244,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹77 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 164,800 shares |
| Shareholding pre-issue | 7,569,600 |
| Shareholding post-issue | 10,813,600 |
| Listing Exchange | NSE SME |
Committed Cargo Care IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |
Committed Cargo Care IPO Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Committed Cargo Care Financial Performance
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | 1M FY 2024 | |
| Revenue | 84.03 | 113.78 | 145.97 | 122.22 | 9.59 |
| Expenses | 82.01 | 110.71 | 141.94 | 115.22 | 8.87 |
| Net income | 1.51 | 2.32 | 3.09 | 5.33 | 0.54 |
Committed Cargo Care Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.07 | 4.08 | 7.04 |
| PE ratio | – | – | 10.94 |
| RONW (%) | 12.05 | 14.05 | 18.48 |
| NAV | 26.99 | 31.07 | 38.11 |
| ROCE (%) | 15.80 | 17.52 | 24.06 |
| EBITDA (%) | 3.13 | 3.12 | 6.17 |
| Debt/Equity | – | 0.02 | 0.02 |
Committed Cargo Care Promoters
- Mr. Rajeev Sharma
- Mr. Nitin Bharal
- Mr. Narendra Singh Bisht
- Mr. Yashpal Arora
Promoter Holding
| Pre Issue Share Holding | 98.00% |
| Post Issue Share Holding | 68.63% |
Committed Cargo Care IPO Lead Manager(s)
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in
Committed Cargo Care Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. 56-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Committed Cargo Care Contact Details
COMMITTED CARGO CARE LIMITED
Khasra No. 406, Ground Floor, A- Block,
Gali No. – 8 Mahipalpur Extn., New Delhi– 110037
Phone: 011-46151111
E-mail: hr@committedgroup.com
Website: www.committedgroup.com
Committed Cargo Care IPO Allotment Status
Committed Cargo IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Committed Cargo Care IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and 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
