Incorporated in 2012, Cargotrans Maritime Limited is an international logistics solutions provider. The company’s core business is providing sea logistics services including ocean freight forwarding (FCL and LCL), transportation, customs clearance, warehousing and other value-added services to clients.
The company operates at 4 seaports in Gujarat i.e. Mundra, Hazira, Kandla and Pipavav. Currently, Cargotrans Maritime operates a fleet of 9 owned commercial trailers for moving containers and apart from this company also hires third-party transport operators to meet the shipping demand of the customers.
Cargotrans Maritime Limited offers the following services:
Ocean Freight Forwarding, Custom Clearance, Warehousing Services and Transportation Services.
Competitive Strengths:
- Wide range of logistics services and solutions.
- Diversified customer base across varied industry verticals.
- Long standing relationship with Customers.
- Strong relationship with constituents of logistics value chain.
- Experienced Management team.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 592.68 | 2058.43 | 27.56 | 181 | 121 |
| 31-Mar-21 | 1071.37 | 4941.1 | 115.01 | 296.01 | 236.01 |
| 31-Mar-22 | 1157.43 | 8959.92 | 236.28 | 532.29 | 472.29 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intend to utilize the proceeds of the Issue to meet the following objects: –
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Cargotrans Maritime IPO Details
| Cargotrans Maritime IPO Date | Sep 27, 2022 to Sep 29, 2022 |
| Cargotrans Maritime IPO Face Value | ₹10 per share |
| Cargotrans Maritime IPO Price | ₹45 per share |
| Cargotrans Maritime IPO Lot Size | 3000 Shares |
| Issue Size | 1,080,000 shares of ₹10 (aggregating up to ₹4.86 Cr) |
| Fresh Issue | 1,080,000 shares of ₹10 (aggregating up to ₹4.86 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 | Edwin Alexander, Manju Edwin, Mathew Jacob and B Chandrashekhar Rao are the company promoters. |
Cargotrans Maritime IPO Timeline
Cargotrans Maritime IPO opens on Sep 27, 2022, and closes on Sep 29, 2022. The Cargotrans Maritime IPO bid date is from Sep 27, 2022 10.00 A.M. to Sep 29, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Cargotrans Maritime IPO Opening Date | Sep 27, 2022 |
| Cargotrans Maritime IPO Closing Date | Sep 29, 2022 |
| Basis of Allotment | Oct 4, 2022 |
| Initiation of Refunds | Oct 6, 2022 |
| Credit of Shares to Demat | Oct 7, 2022 |
| Cargotrans Maritime IPO Listing Date | Oct 10, 2022 |
Cargotrans Maritime IPO Lot Size
The Cargotrans Maritime IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
Cargotrans Maritime IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.53% |
Cargotrans Maritime IPO Review
CML is operating in a highly competitive segment but has created a niche place. It has posted growth in its top and bottom lines despite all odds. Based on FY22 earnings, the issue appears reasonably priced. A small equity base post IPO indicates longer gestation for migration and higher spending for IPO raises concern. Investors may consider an investment with a medium to long-term perspective. Read detail review…
Cargotrans Maritime IPO Prospectus
Company Contact Information
Cargotrans Maritime Limited
DBZ-S-61A, 2nd Floor,
Shyam Paragon, Gandhidham,
Kachchh – 370 201
Phone: 91-90999-35142
Email: info@cargotrans.in
Website: http://www.cargotrans.in/
Cargotrans Maritime IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com