Committed Cargo Care IPO starts on October 6, 2023. Committed Cargo Care Pvt Ltd set face value of each share price is 77 Rs.
Committed Cargo Care Limited’s initial public offering (IPO) is scheduled to start on 6th October 2023. The small and medium enterprise (SME) sector stock’s five-day bidding period will end on October 10, 2023.
In this article, we will explore Committed Cargo Care IPO’s pricing range, lot size, and minimum investment amount. Along with that Here are the most recent grey market premium, allocation, and listing dates.
Committed Cargo Care Overview
Committed Cargo Care Limited is a third-party logistics (3PL) provider that specializes in handling import and export cargo.
The company was incorporated in 1998 and is headquartered in New Delhi, India. Committed Cargo Care offers a wide range of integrated logistics services, including:
- Freight forwarding
- Customs clearance
- Warehousing and distribution
- Transportation
- Project Logistics
The company has a strong presence in India and also has international operations in the United States, Europe, and the Middle East.
Committed Cargo Care has a team of experienced and qualified professionals who are committed to providing its customers with the highest quality of service.
The company’s mission is to provide its customers with comprehensive and innovative logistics solutions that meet their specific needs.
Committed Cargo Care is committed to providing its customers with a competitive advantage by helping them reduce their costs, improve their efficiency, and increase their customer satisfaction.
Committed Cargo Care is a leading player in the Indian logistics industry and is well-positioned to benefit from the growth of e-commerce and international trade.
The company has a strong track record of financial performance and is expected to continue to grow in the coming years.
Committed Cargo Care IPO
Now Company is set to come into the Stock Market. At this moment Company’s share face value is 77rs.
The initial public offering (IPO) price for Committed Cargo Care stands at ₹77 per share.
Retail investors are required to invest a minimum of ₹123,200, which corresponds to 1600 shares, while high-net-worth individuals (HNI) need to invest a minimum of ₹246,400, equivalent to 2 lots or 3,200 shares.
The book-running lead manager for the Committed Cargo Care IPO is Fedex Securities Pvt Ltd, and Bigshare Services Pvt Ltd serves as the registrar for the offering.
Nikunj Stock Brokers assumes the role of the market maker for this IPO
Committed Cargo Care IPO Schedule
| Events | Important Dates |
|---|---|
| The credit of Shares to Demat | 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 Lot Size
Investors have the option to place bids for a minimum of 1600 shares and in multiples of this quantity.
The table below illustrates the range of minimum and maximum investments for both retail investors and high-net-worth individuals (HNI), both in terms of shares and monetary value.
| 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 Allotment date
As per the information outlined in the Red Herring Prospectus (RHP), the finalization of allotments for the Committed Cargo Care IPO is scheduled for October 13.
You can check the allotment status on the websites of the Bombay Stock Exchange (BSE) as well as the website of the IPO’s registrar, Bigshare.
The shares of Committed Cargo Care are expected to be listed on October 18.
About Committed Cargo Care Business Committed Cargo Care Limited specializes in third-party logistics services, particularly in the handling of import and export cargo.
For the fiscal year ending on March 31, 2023, the company reported a revenue of Rs 122.21 crore, compared to Rs 146.12 crore in the previous fiscal year.
The EBITDA for the fiscal year ending on March 31 was Rs 7.38 crore, and the PAT (Profit After Tax) stood at Rs 5.33 crore for that fiscal year.
Committed Cargo Care 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% |
How to Reserve Committed Cargo Care IPO
To reserve shares in the Committed Cargo Care IPO, you must have a Demat account and a trading account with a stockbroker. You can then apply for shares through your stockbroker’s online or offline platform.
The minimum order quantity (MOQ) for the Committed Cargo Care IPO is 1,600 shares.
This means that you must apply for at least 1,600 shares, and the application amount must be in multiples of 1,600 shares.
The IPO is open from October 6 to October 10, 2023. You can apply for shares on any of these days.
Here is a step-by-step guide on how to reserve shares in the Committed Cargo Care IPO:
- Log in to your stockbroker’s online or offline platform.
- Go to the IPO section and select the Committed Cargo Care IPO.
- Enter the number of shares you want to apply for.
- Make the payment through UPI or ASBA.
- Review your application and submit it.
Once you have submitted your application, you will receive a confirmation message from your stockbroker.
The IPO allotment status will be announced on October 13, 2023. You can check your allotment status on your stockbroker’s website.
If your application is allotted shares, the shares will be credited to your Demat account on October 18, 2023.
References : Committed Cargo