The Committed Cargo Care IPO is a fixed-price issue totaling Rs 24.98 crores, comprising an entirely fresh issue of 32.44 lakh shares.
The subscription period for the Committed Cargo Care IPO is from October 6, 2023, to October 10, 2023. Allotment for this IPO is expected to be finalized on Friday, October 13, 2023. The shares from the Committed Cargo Care IPO will be listed on NSE SME, with a tentative listing date set for Wednesday, October 18, 2023.
The price per share for the Committed Cargo Care IPO is ₹77. The minimum lot size for an application is 1600 shares, requiring a minimum investment of ₹123,200 for retail investors. High Net Worth Individuals (HNIs) need to invest in a minimum of 2 lots (3,200 shares), amounting to ₹246,400.
Fedex Securities Pvt Ltd is the book running lead manager for the Committed Cargo Care IPO, and Bigshare Services Pvt Ltd is the registrar for the issue. Nikunj Stock Brokers is the market maker for the Committed Cargo Care IPO.
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 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 |
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 |
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% |
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 | ||||
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 FAQs
What is Committed Cargo Care IPO?
Committed Cargo Care IPO is a SME IPO of 3,244,000 equity shares of the face value of ₹10 aggregating up to ₹24.98 Crores. The issue is priced at ₹77 per share. The minimum order quantity is 1600 Shares.
The IPO opens on October 6, 2023, and closes on October 10, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
When Committed Cargo Care IPO will open?
The Committed Cargo Care IPO opens on October 6, 2023 and closes on October 10, 2023.
What is the lot size of Committed Cargo Care IPO?
Committed Cargo Care IPO lot size is 1600 Shares, and the minimum amount required is ₹123,200.
When is Committed Cargo Care IPO allotment?
The finalization of Basis of Allotment for Committed Cargo Care IPO will be done on Friday, October 13, 2023, and the allotted shares will be credited to your demat account by Tuesday, October 17, 2023.