What you must know about Committed Cargo Care IPO?
by 5paisa Research Team
04 Oct 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 18-Oct-23
- IPO Price Range ₹ 77
- Listing Price ₹ 82
- Listing Change 6.5%
- Last Traded Price ₹ 61.5
- Current Change -20.1%
Committed Cargo IPO Details
- Open Date 06-Oct-23
- Close Date 10-Oct-23
- Lot Size 1600
- IPO Size ₹ 24.95 Cr
- IPO Price Range ₹ 77
- Min Investment ₹ 123,200
- Listing Exchange NSE SME
- Basis of Allotment 13-Oct-23
- Refunds 16-Oct-23
- Credit to Demat Account 17-Oct-23
- Listing Date 18-Oct-23
Committed Cargo Care IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 06-Oct-23 | - | 0.79 | 3.94 | 2.36 |
| 09-Oct-23 | - | 6.51 | 27.53 | 17.03 |
| 10-Oct-23 | - | 94.03 | 77.30 | 86.98 |
Committed Cargo IPO Synopsis
Committed Cargo Care Limited IPO is all set to open from 6th October to 10th October 2023. Committed Cargo Care is a Third Party Logistics Provider. The company is launching a fresh issue of 32,44,000 equity shares worth ₹24.98 cr. The share allotment date is 13th October and the IPO will be listed on exchanges on 18th October. The price band for the IPO is ₹77 per equity share with a lot size of 1600 shares.
Fedex Securities Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Committed Cargo Care IPO:
Committed Cargo Care Limited plans to utilize the raised capital from IPO to:
● Funding working capital needs
● Meet General corporate expenses
About Committed Cargo Care
Established in 1998 and as an ISO 9001:2015 company, Committed Cargo is a provider of comprehensive logistics services, catering to diverse needs such as cargo management solutions, order management, international freight management, customs and cross-border movement, as well as heavy and over-dimensional cargo movement. Additionally, it offers specialized services and cargo forwarding, ensuring the most convenient and cost-effective transportation methods, whether it be through air, courier, sea, or road, available anytime and anywhere across the globe.
Committed Cargo commenced its operations as a Clearing House Agent, and since then, the Committed Group has expanded its presence, establishing hubs in Delhi, Mumbai, Chennai, Jaipur, Ludhiana, and Agra. It also enjoys a global presence. The company caters its services to a wide array of industries in India, including automotive and heavy engineering, telecom, food and agro, fast-moving consumer goods (FMCG), paint, handicrafts, e-commerce products, garments, pharmaceuticals, and dairy.
Committed Cargo Care is a member of prestigious organizations such as FIATA, The Air Cargo Agent Association of India (ACAAI), and the International Air Transport Association (IATA).
Peer Comparison
● Tiger Logistics India Ltd
● Jet Freight Logistics Ltd
● Total Transport Systems Limited
For More Information:
Webstory on Committed Cargo IPO
Committed Cargo Care Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 122.22 | 145.97 | 113.77 |
| EBITDA | 7.54 | 4.55 | 3.56 |
| PAT | 5.33 | 3.09 | 2.32 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 40.15 | 33.09 | 30.36 |
| Share Capital | 7.57 | 7.57 | 7.57 |
| Total Borrowings | 11.30 | 9.58 | 9.93 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 5.63 | 0.83 | 3.24 |
| Net cash from / (used in) investing activities | -5.82 | 0.71 | -1.71 |
| Net cash flow from / (used in) financing activities | 0.43 | -0.28 | -0.55 |
| Net increase (decrease) in cash and cash equivalents | 0.23 | 1.26 | 0.98 |
Committed Cargo IPO Key Points
-
Strengths
1. The company has an all-India presence as well as a global footprint.
2. It is a member of many credible organizations and has also been awarded ISO 9001:2015 quality certifications for providing Logistic and freight Forwarding Services and Custom Brokerage.
3. The company has strong and long-term client relationships.
4. It is focused on increasing sales volume through expansion, diversification and spread in geographical outreach.
-
Risks
1. Its operations require significant working capital.
2. The competition is quite high from organized and unorganized players in domestic and international markets.
3. An increase in the cost of carrier, labor, etc., can impact the company’s profitability.
4. The company lacks long-term contracts with shipping lines, transporters, customs clearance agents, etc.
5. Negative cash flow in recent financial years.
Committed Cargo
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Committed Cargo IPO FAQs
What is the minimum lot size and investment required for the Committed Cargo Care IPO?
The minimum lot size for the Committed Cargo Care IPO is 1600 shares and the minimum capital required is ₹1,23,200.
What is the price band of Committed Cargo Care IPO?
The price band for Committed Cargo Care IPO is ₹77 per equity share.
When does the Committed Cargo Care IPO opens and closes?
Committed Cargo Care IPO opens from 6th October to 10th October 2023.
What is the size of the Committed Cargo Care IPO?
Committed Cargo Care plans to issue a fresh issue of 32,44,000 equity shares worth ₹24.98 cr.
What is the allotment date of the Committed Cargo Care IPO?
The allotment date of Committed Cargo Care IPO is 13th October 2023.
What is the Committed Cargo Care IPO listing date?
The Committed Cargo Care IPO will be listed on 18th of October 2023.
Who are the book runners for the Committed Cargo Care IPO?
Fedex Securities Private Limited is the book-running lead manager for Committed Cargo Care IPO.
What is the objective of the Committed Cargo Care IPO?
Committed Cargo Care plans to utilize the raised capital from IPO to:
● Funding working capital needs
● Meet General corporate expenses
How to apply for the Committed Cargo Care IPO?
To apply for Committed Cargo Care IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Committed Cargo Care IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app
Contact Details of Committed Cargo Care IPO
Contact Information
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Committed Cargo Care IPO Lead Manager
Fedex Securities Pvt Ltd
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