Committed Cargo Care was incorporated on October 20, 1998. The company offers integrated logistics services, including cargo management solutions, order management, international freight management, customs and cross-border movement, as well as heavy and over-dimensional cargo movement.
| Bidding Dates |
|---|
| 06 Oct 2023 - 10 Oct 2023 |
| Subscription |
|---|
| 82.12x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,23,200 | 1 | 1 | 1600 | 3.2 M | ₹77 | 70.03 % | ₹249.5 M | RHP DOC |
Committed Cargo Care IPO SUBSCRIPTION STATUS
10 Oct '23Committed Cargo Care IPO overall subscription rate was 82.12 times the total available shares
Committed Cargo Care IPO retail subscription rate was 74.73 times in the retail segment
Committed Cargo Care IPO non-institutional investor subscription rate was 89.51 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
10 Oct 2023 (Day 3) | 74.73x | 89.51x | - |
09 Oct 2023 (Day 2) | 25.51x | 6.23x | - |
06 Oct 2023 (Day 1) | 3.62x | 0.73x | - |
Committed Cargo Care 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 |
| 1MFY24 | 5.4 | 95.9 | -7.6 | -7.6 | 7.8% |
| FY23 | 53.3 | 1,222.2 | 56.3 | 53.9 | 6.2% |
| FY22 | 30.9 | 1,459.7 | 8.3 | 6.9 | 3.1% |
| FY21 | 23.2 | 1,137.7 | 34.2 | 25.5 | 3.1% |
Committed Cargo Care IPO SUBSCRIPTION STATUS DETAILS
Committed Cargo Care had 3.2 M shares on offer
Committed Cargo Care IPO offer price was ₹77
Committed Cargo Care IPO minimum Investment was ₹123200
Committed Cargo Care IPO issue size was ₹ 249.5 M
Committed Cargo Care had a minimum lot size of 1600 Shares per application
Committed Cargo Care NUMBER OF SHARES ON OFFER
Committed Cargo Care IPO IMPORTANT DATES
| Issue Open Date | 06 Oct 2023 |
| Issue close Date | 10 Oct 2023 |
| Allotment Date | 13 Oct 2023 |
| Refund Date | 16 Oct 2023 |
| Demat Account Credit Date | 17 Oct 2023 |
| Listing Date | 18 Oct 2023 |
| Listing on Exchange(s) | NSE |
| Committed Cargo Care Allotment Status | Exchange |
Committed Cargo Care IPO subscription opened on 06 Oct 2023, and closed on 10 Oct 2023
IPO allotment for Committed Cargo Care was finalized on Friday, 13 Oct 2023
IPO listing for Committed Cargo Care was on NSE on Wednesday, 18 Oct 2023
Committed Cargo Care IPO LISTING GAINS
| Issue Price (adjusted) | 77.0 |
| Listing Open Price | 82.0 |
| Listing Close Price | 86.1 |
| Listing Gain% | 6.5% |
| Current Gain% | 335.1% |
Committed Cargo Care 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Committed Cargo Care Ltd. | 335 | 362.1 | 39.7 | 2.4 | 1.4 | 11.3 | 7.9 | 254.3 | 33.1 | 10.3 | 31.8 | 8.4 | 16.8 |
| Container Corporation of India Ltd. | 505.2 | 38480.7 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 476 | 35658.7 | 381.2 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 253.8 | 14855.4 | 87.8 | 3.1 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5117 | 12141.6 | 42.3 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 298 | 5213.1 | 19.5 | 0.9 | 1.6 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Committed Cargo Care INFORMATION ON IPO ISSUE
About Committed Cargo Care
Committed Cargo Care was incorporated on October 20, 1998. The company offers integrated logistics services, including cargo management solutions, order management, international freight management, customs and cross-border movement, as well as heavy and over-dimensional cargo movement.
Object of the Issue
- Meeting working capital requirements
- General corporate purposes
Committed Cargo Care - PROMOTERS
| Name |
|---|
| Rajeev Sharma |
| Nitin Bharal |
| Narendra Singh Bisht |
| Yash Pal Arora |
Committed Cargo Care Lead Manager to the Issue
Fedex Securities Private Limited
mb@fedsec.in
Committed Cargo Care Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Committed Cargo Care Strengths
Comprehensive third-party logistics services
The company offers comprehensive third-party logistics services and delivers end-to-end customised logistics solutions to its clients, always prioritising the highest level of customer satisfaction
Smooth flow of operations
The company boasts established relationships with both customers and suppliers, ensuring consistent demand and a steady supply of raw materials. These enduring partnerships with key customers have cultivated a strong client base, leading to repeat business opportunities
Committed Cargo Care Risks
Litigation proceedings
The company, along with its promoters and directors, are engaged in legal proceedings that could result in significant adverse outcomes
Competition
The company could face stiff competition from both international and domestic third-party logistics firms, potentially impacting its market position and business operations
IPO FAQs
The promoters of the company are Rajeev Sharma, Nitin Bharal, Narendra Singh Bisht and Yash Pal Arora.
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 77.0 - 77.0.
The IPO application opens on Oct 06, 2023 and closes on Oct 10, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 123,200.0, the maximum value for this IPO is Rs 123,200.0.
This IPO will be allotted on Oct 13, 2023.
The refund will be credited to your account on Oct 16, 2023.
The allotted shares will be credited to your demat on Oct 17, 2023.
Committed Cargo Care Ltd.’s shares listed on the stock exchanges on Oct 18, 2023.