Cargosol Logistics IPO 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.
Cargosol Logistics IPO – Overview
| IPO Dates | 28-30 sept 2022. |
| IPO Price | INR 28 per share |
| Fresh issue | 2,700,000 shares (INR 7.56 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,700,000 shares (INR 7.6 crore) |
| Minimum bid (lot size) | 4000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Cargosol Logistics IPO -Tentative Dates
| IPO Offer Opening Date | 28 September 2022 |
| IPO Closing Date | 30 September 2022 |
| Finalisation of Basis of Allotment | 6 October 2022 |
| Initiation of refunds | 7 October 2022 |
| Transfer of shares to demat accounts | 10 October 2022 |
| IPO Listing Date | 10 October 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
The company is into 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 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.
Cargosol Logistics Limited’s customers operate in various sectors across India, including automotive and heavy engineering, telecom, food and agro, fastmoving consumer goods (“FMCG”), paint and dairy.
For the period ending December 31, 2021, and the year ended on March 31, 2021, 2020 and 2019 our total revenue as per Restated Financial Statements were Rs. 135.17 crores, Rs. 103.59 crores, Rs. 64.12 crores and Rs. 55.90 crores respectively.
Objects of the Issue
- Purchase of vehicle for commercial purpose.
- Purchase of Containers for expansion of the Non-Vessel Owning Common Carrier (NVOCC) division.
- To meet working capital requirements.
- General Corporate Purpose.
- To meet issue expenses.
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 5782.34 | 4107.51 | 2971.67 |
| Total Revenue | 20072.25 | 10359.99 | 6412.92 |
| Profit After Tax | 553.76 | 176.14 | 120.14 |
Company Contact Information
Cargosol Logistics Limited
502, Swaroop Arcade,
Sahar Road, Andheri,
East, Mumbai – 400099
Phone: +91-022-66126000
Email: cs@cargosol.com
Website: https://cargosol.com/
Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: cargosol.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
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