Cargosol Logistics IPO: GMP, Price, Dates, Issue Size

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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 
Ducol Organics IPO: GMP, Price, Dates, Issue size

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) 

  1. Hem Securities Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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