Cargotrans Maritime was incorporated on April 16, 2012. The company is an international logistics solutions provider with the core business of providing sea logistics services including ocean freight forwarding, transportation, customs clearance, warehousing, and other value-added services to clients.
| Bidding Dates |
|---|
| 27 Sep 2022 - 29 Sep 2022 |
| Subscription |
|---|
| 148.13x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,35,000 | 1 | 1 | 3000 | 1.1 M | ₹45 | 73.53 % | ₹48.6 M | RHP DOC |
Cargotrans Maritime IPO SUBSCRIPTION STATUS
29 Sep '22Cargotrans Maritime IPO overall subscription rate was 148.13 times the total available shares
Cargotrans Maritime IPO retail subscription rate was 166.62 times in the retail segment
Cargotrans Maritime IPO non-institutional investor subscription rate was 129.63 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
29 Sep 2022 (Day 3) | 166.62x | 129.63x | - |
28 Sep 2022 (Day 2) | 30.69x | 7.36x | - |
27 Sep 2022 (Day 1) | 7.15x | 1.51x | - |
Cargotrans Maritime FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY22 | 23.6 | 895.4 | 21.3 | 17.7 | 4.4% |
| FY21 | 11.5 | 494.1 | 9.2 | -0.3 | 4.9% |
| FY20 | 2.8 | 205.8 | -6.9 | -17.9 | 4.1% |
Cargotrans Maritime IPO SUBSCRIPTION STATUS DETAILS
Cargotrans Maritime had 1.1 M shares on offer
Cargotrans Maritime IPO offer price was ₹45
Cargotrans Maritime IPO minimum Investment was ₹135000
Cargotrans Maritime IPO issue size was ₹ 48.6 M
Cargotrans Maritime had a minimum lot size of 3000 Shares per application
Cargotrans Maritime NUMBER OF SHARES ON OFFER
Cargotrans Maritime IPO IMPORTANT DATES
| Issue Open Date | 27 Sep 2022 |
| Issue close Date | 29 Sep 2022 |
| Allotment Date | 04 Oct 2022 |
| Refund Date | 06 Oct 2022 |
| Demat Account Credit Date | 07 Oct 2022 |
| Listing Date | 10 Oct 2022 |
| Listing on Exchange(s) | BSE |
| Cargotrans Maritime Allotment Status | Exchange |
Cargotrans Maritime IPO subscription opened on 27 Sep 2022, and closed on 29 Sep 2022
IPO allotment for Cargotrans Maritime was finalized on Tuesday, 04 Oct 2022
IPO listing for Cargotrans Maritime was on BSE on Monday, 10 Oct 2022
Cargotrans Maritime IPO LISTING GAINS
| Issue Price (adjusted) | 45.0 |
| Listing Open Price | 70.0 |
| Listing Close Price | 73.5 |
| Listing Gain% | 55.6% |
| Current Gain% | 96.4% |
Cargotrans Maritime Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cargotrans Maritime Ltd. | 88.4 | 36.1 | 9.8 | 1.3 | 0.3 | 11.1 | 9.1 | 111.9 | 27.2 | 5.4 | 56.1 | 9 | 7.6 |
| Container Corporation of India Ltd. | 501.4 | 38187.5 | 30.7 | -7.2 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 480.1 | 35962.1 | 384.5 | -7.3 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 247.6 | 14491.3 | 85.7 | 3.1 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5197 | 12331.4 | 43 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 285 | 4984.8 | 18.6 | 0.9 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Cargotrans Maritime INFORMATION ON IPO ISSUE
About Cargotrans Maritime
Cargotrans Maritime was incorporated on April 16, 2012. The company is an international logistics solutions provider with the core business of providing sea logistics services including ocean freight forwarding, transportation, customs clearance, warehousing, and other value-added services to clients.
Object of the Issue
- To meet working capital requirements
- General corporate purpose
- To meet issue expenses
Cargotrans Maritime - PROMOTERS
| Name |
|---|
| Edwin Alexander |
| Manju Edwin |
| Mathew Jacob |
| B Chandrashekhar Rao |
Cargotrans Maritime Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Cargotrans Maritime Registrar to the Issue
Bigshare Services Private Limited
ipo@bigshareonline.comWebsite
Cargotrans Maritime Strengths
Wide range of logistics services
The range of services involves ocean freight forwarding, custom clearances, warehousing, transportation and other value-added services. They assist clients to improve their service levels, reduce costs and ensure better quality, scalability, and visibility of their supply chain.
Diversified customer base
The company serves a diverse mix of customers from various segments such as food processing, agro-based, commodities, plastics, minerals, ceramics, trading, packaging, textiles, etc.
Strong relationship with constituents of logistics value chain
The company has a long-standing relationship with strategic partners and third-party service providers. It outsources certain services, such as carriage, transportation, equipment leasing, and warehousing.
Experienced management team
Promoters and Directors, Edwin Alexander, Manju Edwin, and B Chandrashekhar Rao have an experience of around 20 years, 10 years, and 25 years respectively in the logistics industry.
Cargotrans Maritime Risks
Dependent on third-party
The company is heavily dependent on third-party service providers and suppliers to effectively carry on logistics operations.
Legal proceedings
The company, promoter, directors and group companies are parties to certain legal proceedings.
Dependent on few customers
A certain portion of the company's revenues is dependent upon a few customers and the loss of any one or more major customers would have a material adverse effect.
IPO FAQs
The promoters of the company are Edwin Alexander, Manju Edwin, Mathew Jacob and B Chandrashekhar Rao.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 45.0 - 45.0.
The IPO application opens on Sep 27, 2022 and closes on Sep 29, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 135,000.0, the maximum value for this IPO is Rs 135,000.0.
This IPO will be allotted on Oct 04, 2022.
The refund will be credited to your account on Oct 06, 2022.
The allotted shares will be credited to your demat on Oct 07, 2022.
Cargotrans Maritime Ltd.’s shares listed on the stock exchanges on Oct 10, 2022.