Incorporated in 2003, Cargosol Logistics Limited 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.
The company also provide warehousing facilities to the customers and the warehouses are well connected to several manufacturing and consumption clusters located in Thane, Maharashtra.
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.
The company is headquartered in Mumbai and has a presence in major locations such as Kalamboli, Pune, New Delhi, Chennai and a warehouse located at Thane.
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.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 2689.2 | 5590.79 | 101.88 | 656.57 | 606.57 |
| 31-Mar-20 | 2971.67 | 6412.92 | 120.14 | 782.46 | 682.46 |
| 31-Mar-21 | 4107.51 | 10359.99 | 176.14 | 978.96 | 728.96 |
| 31-Dec-21 | 4536.53 | 13517.14 | 401.72 | 1457.64 | 1207.64 |
| Amount in ₹ Lakhs |
Objects of the Issue
We intend to utilize the proceeds of the Issue to meet the following objects:-
1. Purchase of vehicle for commercial purpose.
2. Purchase of Containers for expansion of the Non Vessel Owning Common Carrier (NVOCC) division.
3. To meet working capital requirements.
4. General Corporate Purpose.
5. To meet issue expenses.
Cargosol Logistics IPO Details
| Cargosol Logistics IPO Date | Sep 28, 2022 to Sep 30, 2022 |
| Cargosol Logistics IPO Face Value | ₹10 per share |
| Cargosol Logistics IPO Price | ₹28 per share |
| Cargosol Logistics IPO Lot Size | 4000 Shares |
| Issue Size | 2,700,000 shares of ₹10 (aggregating up to ₹7.56 Cr) |
| Fresh Issue | 2,700,000 shares of ₹10 (aggregating up to ₹7.56 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Roshan Kishanchand Rohira and Mr. Samuel Janathan Muliyil are the company promoters. |
Cargosol Logistics IPO Timeline
Cargosol Logistics IPO opens on Sep 28, 2022, and closes on Sep 30, 2022. The Cargosol Logistics IPO bid date is from Sep 28, 2022 10.00 A.M. to Sep 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Cargosol Logistics IPO Opening Date | Sep 28, 2022 |
| Cargosol Logistics IPO Closing Date | Sep 30, 2022 |
| Basis of Allotment | Oct 6, 2022 |
| Initiation of Refunds | Oct 7, 2022 |
| Credit of Shares to Demat | Oct 10, 2022 |
| Cargosol Logistics IPO Listing Date | Oct 11, 2022 |
Cargosol Logistics IPO Lot Size
The Cargosol Logistics IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
Cargosol Logistics IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.52% |
Cargosol Logistics IPO Prospectus
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/
Cargosol Logistics IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: cargosol.ipo@linkintime.co.in
Website: https://linkintime.co.in/