Committed Cargo IPO Details: The scheduled date for Committed Cargo IPO has been confirmed. The IPO is set to enter the market on October 6th and conclude on October 10th. The company aims to gather approximately ₹24.98 crores via 3244000 shares through this IPO, each valued at ₹10. The retail quota is 50% and HNI is 50%.
What is Committed Cargo IPO?
Committed Cargo Care is an integrated logistics services provider headquartered in Delhi, India. It offers a wide range of services, including cargo management solutions, order management, international freight management, customs and cross-border movement, heavy and over-dimensional cargo movement, packaging, warehousing, freight forwarding, and custom clearance of export and import cargo.
Committed Cargo Care has a well-established network and tracking software that enables it to provide fast and reliable information to its clients. It is also an accredited member of FIATA, The Air Cargo Agent Association of India (ACAAI), and the International Air Transport Association (IATA).
The company operates in 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.
Committed Cargo Care’s business model enables it to provide solutions that enable its customers to leverage distribution networks, optimize the performance, cost, and efficiency of their supply chains, shorten their lead-time to market, and reduce inventory costs.
The company’s promoters have a combined experience of more than 25 years in the logistics industry. They are passionate about building an integrated logistics company and have been the pillars of the company’s growth. With their enriching experience and progressive thinking, Committed Cargo Care aims to continue to grow in the logistics industry.
In simpler terms, Committed Cargo Care is a one-stop shop for all your logistics needs. They can handle everything from packaging and warehousing to freight forwarding and custom clearance. They have a strong network and tracking software, so you can be sure that your cargo is in good hands. They also have a team of experienced professionals who are passionate about providing the best possible service to their customers.
Objectives of Committed Cargo IPO
The objectives of the Committed Cargo Care IPO are to:
- Expand the company’s operations, including setting up new warehouses and offices, and investing in technology.
- Repay debt.
- Fund general corporate purposes.
The company believes that the proceeds from the IPO will help it to achieve its growth goals and become a leading integrated logistics provider in India.
Specifically, the company plans to use the proceeds from the IPO to:
- Set up new warehouses in major cities across India.
- Open new offices in key international markets.
- Invest in new technology, such as tracking software and fleet management systems.
- Repay debt, which will reduce the company’s financial burden and improve its profitability.
- Fund general corporate purposes, such as working capital and research and development.
The Committed Cargo Care IPO is a good opportunity for investors to invest in a growing company with a strong track record and a bright future.
Committed Cargo Care IPO Date & Price Band Details
| IPO Open: | 06 October 2023 |
| IPO Close: | 10th October 2023 |
| IPO Size: | Approx ₹24.98, 3,244,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹77 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Committed Cargo Care IPO Market Lot
The Committed Cargo Care IPO minimum market lot is 1600 shares with a ₹123200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹123200 |
| Retail Maximum | 1 | 1600 | ₹123200 |
| S-HNI Minimum | 2 | 3200 | ₹246400 |
Committed Cargo Care IPO Dates
The Committed Cargo Care IPO date is 2023 and the IPO close date is 2023. The IPO allotment date is 2023 and the IPO might list on 2023.
| IPO Open Date: | 06 October 2023 |
| IPO Close Date: | 10 October 2023 |
| Basis of Allotment: | 13 October 2023 |
| Refunds: | 16 October 2023 |
| Credit to Demat Account: | 17 October 2023 |
| IPO Listing Date: | 18 October 2023 |
You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.
Committed Cargo Care IPO Subscription Status
For the latest update on the Karnika Industries IPO, you can check this dedicated page for IPO subscription status.
Committed Cargo Care IPO Allotment Status
For the latest update on the Karnika Industries IPO, you can check this dedicated page for IPO allotment status.
Committed Cargo Care IPO Forms
For IPO form for the Karnika Industries IPO, you can check this dedicated page for IPO Forms.
Committed Cargo Company Financials
The following are the financials of Committed Cargo Care Limited as of March 31, 2023:
| Financial | Amount (₹ crore) |
|---|---|
| Revenue | 187.88 |
| Profit before tax | 11.27 |
| Profit after tax | 8.46 |
| Earnings per share (EPS) | 4.08 |
| Price-earnings ratio (P/E) | 52.22 |
| Return on net worth (RoNW) | 14.05% |
| Net asset value (NAV) | 31.07 per share |
Revenue has increased from ₹133.35 crore in FY21 to ₹187.88 crore in FY23, a CAGR of 19.1%. This growth is driven by the company’s expansion into new markets and its focus on high-growth segments such as e-commerce and pharmaceuticals.
Profit after tax has increased from ₹5.53 crore in FY21 to ₹8.46 crore in FY23, a CAGR of 27.4%. This growth is attributable to the company’s improved operational efficiency and its focus on high-margin businesses.
Earnings per share (EPS) has increased from ₹2.66 in FY21 to ₹4.08 in FY23, a CAGR of 27.4%. This growth is in line with the company’s profit growth.
Price-earnings ratio (P/E) of 52.22 is on the higher side, but this is justified given the company’s strong growth prospects. The average P/E ratio of the logistics sector in India is around 30.
Return on net worth (RoNW) of 14.05% is healthy and indicates that the company is generating good returns on its shareholders’ equity.
Net asset value (NAV) of ₹31.07 per share is higher than the market price of ₹118 per share. This suggests that the stock is currently trading at a discount to its intrinsic value.
Overall, the financial data of Committed Cargo Care Limited is healthy and indicates that the company is well-positioned for future growth. The company is operating in a high-growth sector and has a strong track record of profitability. The stock is currently trading at a discount to its intrinsic value, making it a good investment opportunity for long-term investors.
However, it is important to note that the company is relatively small and its stock is not very liquid. This means that there may be volatility in the stock price in the short term. Investors should also consider the company’s risk factors, such as its dependence on a few key customers and its exposure to foreign exchange fluctuations.
Pros and Cons of Committed Cargo IPO
Here is the table of the pros and cons of the Committed Cargo IPO:
| Pros | Cons |
|---|---|
| Strong track record of profitability and growth | Relatively small company with low liquidity |
| Operating in a high-growth sector | Stock trading at a discount to its intrinsic value |
| Experienced management team | Exposure to foreign exchange fluctuations |
| Expanding operations and investing in technology | Dependent on a few key customers |
Company Promoters
- Rajeev Sharma
- Nitin Bharal
- Narendra Singh Bisht
- Yash Pal Arora
Committed Cargo Care IPO Registrar
Bigshare Services Pvt. Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
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 FAQs
The Committed Cargo Care IPO date is 2023 and the IPO close date is 2023. The IPO allotment date is 2023 and the IPO might list on 2023.
The Committed Cargo will be open on 6th October 2023 and will end on 10th October 2023.
The retail quota is 50% and HNI is 50%.
To apply for the Committed Cargo IPO through Zerodha, you can follow these steps:
Log in to your Zerodha Kite account.
Click on the IPO tab.
Select the Committed Cargo IPO from the list of open issues.
Enter your UPI ID and click on Verify.
Enter the Quantity and Price at which you want to apply.
Click on the Place Bid button.
Accept the mandate on your UPI app.
The IPO application is liable to get rejected if the person who is applying is different from the one whose bank account is used to apply.
Here are some additional things to keep in mind:
You can only apply for IPOs through Zerodha if you have a UPI-enabled bank account.
The minimum bid quantity for an IPO is one lot.
You can only place bids within the price range specified by the company.
You can modify or cancel your bid until the IPO closes.
If your bid is accepted, the amount of your bid will be blocked in your bank account until the IPO is allotted.
If your bid is not accepted, the amount of your bid will be released back to your bank account.
Please note that IPOs are subject to market risk and there is no guarantee that you will make a profit. You should carefully consider your investment objectives and risk tolerance before applying for an IPO.
o apply for the Committed Cargo IPO through Upstox, you can follow these steps:
Log in to your Upstox app or web platform.
Click on the IPO tab.
Select the Committed Cargo IPO from the list of open issues.
Enter the Quantity and Price at which you want to apply.
Click on the Apply button.
Accept the mandate on your UPI app.
Note: You must have a UPI-enabled bank account in order to apply for IPOs through Upstox.
Here are some additional things to keep in mind:
The minimum bid quantity for an IPO is one lot.
You can only place bids within the price range specified by the company.
You can modify or cancel your bid until the IPO closes.
If your bid is accepted, the amount of your bid will be blocked in your bank account until the IPO is allotted.
If your bid is not accepted, the amount of your bid will be released back to your bank account.
The allotment date for Committed Cargo is 13th October 2023.
The company aims to gather approximately ₹24.98 crores via 3244000 shares through this IPO, each valued at ₹10.
The issue prices is fixed at Rs. 77 per share.
The listing date for Committed Cargo IPO is set to18th October 2023.