Cargosol Logistics Limited

Company Profile
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

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270

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%

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