Cargosol Logistics is a complete 3 PL (third-party logistics) service provider, delivering end-to-end solutions in the logistics and supply chain domain. IT involves multimodal transport operations (MTO), owning and operating containers, sea and air freight, transportation, warehousing, custom clearance services and handling of project cargo.
| Bidding Dates |
|---|
| 28 Sep 2022 - 30 Sep 2022 |
| Subscription |
|---|
| 55.3x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,12,000 | 1 | 1 | 4000 | 2.7 M | ₹28 | 73.53 % | ₹75.6 M | RHP DOC |
Cargosol Logistics IPO SUBSCRIPTION STATUS
30 Sep '22Cargosol Logistics IPO overall subscription rate was 55.3 times the total available shares
Cargosol Logistics IPO retail subscription rate was 26.01 times in the retail segment
Cargosol Logistics IPO non-institutional investor subscription rate was 84.6 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
30 Sep 2022 (Day 3) | 26.01x | 84.6x | - |
29 Sep 2022 (Day 2) | 5.58x | 1.79x | - |
28 Sep 2022 (Day 1) | 1.05x | 0.59x | - |
Cargosol Logistics 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) |
| FY22 | 62.1 | 2,003.9 | 92.4 | 18.1 |
| FY21 | 19.7 | 1,034.7 | 5.3 | -13.8 |
| FY20 | 12.6 | 639.8 | 20.2 | 18.3 |
Cargosol Logistics IPO SUBSCRIPTION STATUS DETAILS
Cargosol Logistics had 2.7 M shares on offer
Cargosol Logistics IPO offer price was ₹28
Cargosol Logistics IPO minimum Investment was ₹112000
Cargosol Logistics IPO issue size was ₹ 75.6 M
Cargosol Logistics had a minimum lot size of 4000 Shares per application
Cargosol Logistics NUMBER OF SHARES ON OFFER
Cargosol Logistics IPO IMPORTANT DATES
| Issue Open Date | 28 Sep 2022 |
| Issue close Date | 30 Sep 2022 |
| Allotment Date | 06 Oct 2022 |
| Refund Date | 07 Oct 2022 |
| Demat Account Credit Date | 10 Oct 2022 |
| Listing Date | 10 Oct 2022 |
| Listing on Exchange(s) | BSE |
| Cargosol Logistics Allotment Status | Exchange |
Cargosol Logistics IPO subscription opened on 28 Sep 2022, and closed on 30 Sep 2022
IPO allotment for Cargosol Logistics was finalized on Thursday, 06 Oct 2022
IPO listing for Cargosol Logistics was on BSE on Monday, 10 Oct 2022
Cargosol Logistics IPO LISTING GAINS
| Issue Price (adjusted) | 28.0 |
| Listing Open Price | 42.4 |
| Listing Close Price | 44.5 |
| Listing Gain% | 51.4% |
| Current Gain% | -7.5% |
Cargosol Logistics 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cargosol Logistics Ltd. | 25.9 | 26.4 | -87.9 | 0.1 | 0.2 | -1.3 | -0.5 | 111.4 | -15.7 | -0.3 | -604.4 | -0.3 | -604.4 |
| Container Corporation of India Ltd. | 504 | 38385.5 | 30.9 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 479.4 | 35909.7 | 383.9 | -7.3 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 242.8 | 14209.8 | 84 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5135 | 12184.3 | 42.4 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 285.8 | 4999.7 | 18.7 | 0.9 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Cargosol Logistics INFORMATION ON IPO ISSUE
About Cargosol Logistics
Cargosol Logistics is a complete 3 PL (third-party logistics) service provider, delivering end-to-end solutions in the logistics and supply chain domain. IT involves multimodal transport operations (MTO), owning and operating containers, sea and air freight, transportation, warehousing, custom clearance services and handling of project cargo.
Object 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
Cargosol Logistics - PROMOTERS
| Name |
|---|
| Roshan Kishanchand Rohira |
| Samuel Janathan Muliyil |
Cargosol Logistics Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Cargosol Logistics Registrar to the Issue
Link Intime India Private Limited
cargosol.ipo@linkintime.co.in
Cargosol Logistics Strengths
Integrated end-to-end logistics services and solutions
The company's range of services involves multimodal transport operations (MTO), owning and operating containers, sea and air freight, transportation, warehousing, custom clearance services, and handling of project cargo.
Widespread network
The company tapped markets across the countries by establishing a strong and symbiotic relationship through the network with international companies through subsidiaries, associate and group companies.
Experienced promoters
The promoters have a strong knowledge of the logistics and warehousing management.
Cargosol Logistics Risks
Hazardous goods
The company deals in the transport of hazardous goods. In case of any accident involving hazardous goods it may be held liable for damages and subsequent litigations.
Short-term relations with shipping companies
The company takes vessel space on lease either from the shipping company or the operators and then sells such cargo or container space to customers. It has not entered into a long-term agreement with any shipping companies yet.
IPO FAQs
The promoters of the company are Roshan Kishanchand Rohira and Samuel Janathan Muliyil.
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 28.0 - 28.0.
The IPO application opens on Sep 28, 2022 and closes on Sep 30, 2022.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 112,000.0, the maximum value for this IPO is Rs 112,000.0.
This IPO will be allotted on Oct 06, 2022.
The refund will be credited to your account on Oct 07, 2022.
The allotted shares will be credited to your demat on Oct 10, 2022.
Cargosol Logistics Ltd.’s shares listed on the stock exchanges on Oct 10, 2022.