Cargosol Logistics Limited

Company Name	Cargosol Logistics Limited
Open Date	28-09-2022
Close Date	30-09-2022
Exchange	BSE SME
Lot Size	4000 Shares
Issue Price	₹ 28 per share
Issue Size	27,00,000 Equity Shares
Application Amount	₹ 1,12,000
Recommendation	Apply

Company was incorporated in the year 2003 as SRS Freight and Logistics Private Limited and later on got its name changed to Cargosol Logistics Limited. Company is engaged in the business of providing third party logistic serves to its clients. Company provides services through Air, Sea, Rail, Road and also provides warehouse services. Company has its headquarter in Mumbai has presence in major locations such as Kalamboli, Pune, New Delhi, Chennai and warehouse located at Thane. Company operates a fleet of 12 commercial vehicles which are owned by it and apart from this, company also hires third party transport operators in case of high demand and business feasibility

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Summary of Financials (All financials in Lakh)

For the Period Ended	Mar-22	Mar-21	Mar-20
Total Assets	5,782.34	4,107.51	2,971.67
Net Assets	1,599.82	978.96	782.46
Total Borrowings	2,255.15	1,734.50	1,459.01
Total Revenue	20,072.25	10,359.99	6,412.92
Profit After Tax	620.86	196.50	125.89

Tentative Timeline

Opening Date	28-09-2022
Closing Date	30-09-2022
Basis of Allotment	06-10-2022
Initiation of Refunds	07-10-2022
Credit of Shares to Demat	10-10-2022
Listing Date	10-10-2022

Objects of the Issue

Purchase of vehicle for commercial purpose.

Purchase of Containers for expansion of the Non Vessel Owning Common Carrier (NVOCC) division.

To meet working capital requirements.

General Corporate Purpose.

To meet issue expenses.

Contact Information

Registered Office	Cargosol Logistics Limited 502, Swaroop Arcade, Sahar Road, Andheri, East, Mumbai - 400099
Phone	+91-022-66126000
Email	cs@cargosol.com
Website	https://cargosol.com/

Offer Documents

Cargosol Logistics Limited DRHP

Cargosol Logistics Limited RHP

Registrar Details

Name	Link Intime India Private Limited
Phone	+91-22-4918 6270
Email	cargosol.ipo@linkintime.co.in
Website	https://linkintime.co.in/mipo/ipoallotment.html

IPO Reservation

Anchor Investor Shares Offered	-
Market Maker Shares Offered	1,40,000 (5.19%)
Other Shares Offered	12,80,000 (47.41%)
Retail Shares Offered	12,80,000 (47.41%)
Total Shares Offered	27,00,000 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters)	100%
Post Issue Share Holding (Promoters)	73.52%