Committed Cargo Care IPO is a fixed price issue of Rs 24.98 crores. The issue is entirely a fresh issue of 32.44 lakh shares.
Committed Cargo Care IPO bidding opened for subscription on October 6, 2023 and will close on October 10, 2023. The allotment for the Committed Cargo Care IPO is expected to be finalized on Friday, October 13, 2023. Committed Cargo Care IPO will list on NSE SME with tentative listing date fixed as Wednesday, October 18, 2023.
Committed Cargo Care IPO price is ₹77 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹123,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹246,400.
Fedex Securities Pvt Ltd is the book running lead manager of the Committed Cargo Care IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Committed Cargo Care IPO is Nikunj Stock Brokers.
Refer to Committed Cargo Care IPO RHP for detailed information.
Committed Cargo Care IPO Details
| IPO Date | October 6, 2023 to October 10, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹77 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,244,000 shares (aggregating up to ₹24.98 Cr) |
| Fresh Issue | 3,244,000 shares (aggregating up to ₹24.98 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,569,600 |
| Share holding post issue | 10,809,600 |
| Market Maker portion | 164,800 shares Nikunj Stock Brokers |
Committed Cargo Care IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Committed Cargo Care IPO Timeline (Tentative Schedule)
Committed Cargo Care IPO opens on October 6, 2023, and closes on October 10, 2023.
| IPO Open Date | Friday, October 6, 2023 |
| IPO Close Date | Tuesday, October 10, 2023 |
| Basis of Allotment | Friday, October 13, 2023 |
| Initiation of Refunds | Monday, October 16, 2023 |
| Credit of Shares to Demat | Tuesday, October 17, 2023 |
| Listing Date | Wednesday, October 18, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 10, 2023 |
Committed Cargo Care IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |
| Lot Size Calculator |
Committed Cargo Care IPO Promoter Holding
Mr. Rajeev Sharma, Mr. Nitin Bharal, Mr. Narendra Singh Bisht, and Mr. Yashpal Arora are the company’s promoters.
| Share Holding Pre Issue | 98.00% |
| Share Holding Post Issue | 68.63% |
About Committed Cargo Care Limited
Incorporated in 1998, Committed Cargo Care Limited is a Third Party Logistics provider that specializes in handling Import and Export Cargo and provides integrated services.
The company provides integrated logistics services such as cargo management solutions, order management, international freight management, customs and cross-border movement, heavy and over-dimensional cargo movement, etc.
Committed Cargo Care’s customer base comes from various sectors across India, including automotive and heavy engineering, telecom, food and agro, fast-moving consumer goods (FMCG), paint, handicrafts, e-commerce products, garments, pharma, and dairy.
The company recorded Rs. 12,221.96 Lacs, Rs. 1,4612.17 Lacs, and Rs. 11,385.89 Lacs in Revenue in Fiscal 2023, 2022, and 2021 respectively.
Committed Cargo Care Limited Financial Information (Restated Standalone)
Committed Cargo Care Limited’s revenue decreased by -16.22% and profit after tax (PAT) rose by 72.7% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
| Assets | 4,015.13 | 3,309.84 | 3,035.65 | 2,599.79 |
| Revenue | 12,242.77 | 14,612.17 | 11,385.89 | 8,404.10 |
| Profit After Tax | 533.17 | 308.72 | 232.20 | 151.10 |
| Net Worth | 2,884.79 | 2,351.63 | 2,042.90 | 1,810.70 |
| Reserves and Surplus | 2,127.83 | 1,594.67 | 1,285.94 | 1,053.74 |
| Total Borrowing | 67.34 | 14.69 | 31.42 | 65.19 |
| Amount in ₹ Lakhs |
Key Performance Indicator
Committed Cargo Care IPO Market Cap is Rs 83.23 Cr and P/E (x) is 10.94.
| KPI | Values |
|---|---|
| P/E (x) | 10.94 |
| Post P/E (x) | 12.84 |
| Market Cap (₹ Cr.) | 83.23 |
| ROE | 18.48% |
| ROCE | 24.06% |
| EPS (Rs) | 7.04 |
| RoNW | 18.48% |
Check Committed Cargo Care IPO Peer Comparison here.
Objects of the Issue (Committed Cargo Care IPO Objectives)
The Company proposes to utilize the Net Proceeds from the issue towards the following objects:
- Meeting working capital requirements.
- General corporate purposes.
Committed Cargo Care IPO Review (Apply)
[Dilip Davda] The company is operating in a highly competitive segment. It marked inconsistency in its top line, but the bottom line kept growing. The growing economy indicates bright prospects for this segment. Based on FY24 annualized earnings, the issue appears fully priced. Investors may park funds for medium to long-term rewards. Read detail review…
Committed Cargo Care IPO Subscription Status (Bidding Detail)
The Committed Cargo Care IPO is subscribed 2.36 times on Oct 6, 2023 7:29:00 PM. The public issue subscribed 3.94 times in the retail category, times in the QIB category, and 0.79 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.79 |
| Retail | 3.94 |
| Total | 2.36 |
Total Application : 3,785 (3.94 times)
Committed Cargo Care IPO Contact Details
Committed Cargo Care Limited
Khasra No. 406, Ground Floor,
A – Block, Gali No. – 8 Mahipalpur Extn.,
New Delhi– 110037
Phone: 011-46151111
Email: hr@committedgroup.com
Website: http://www.committedgroup.com/
Committed Cargo Care IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html