Committed Cargo Care IPO Review

 
Committed Cargo Care IPO Review

IPO Open Date: October 6, 2023

IPO Close Date: October 10, 2023

IPO Price: ₹77 per share

Lot Size: 1600 Shares

Listing: October 18, 2023

Committed Cargo Care



Committed Cargo Care is scheduled to hit the market on October 6, 2023 and close on October 10, 2023. Committed Cargo Care plans to raise around ₹24.98 Cr through an IPO with a sale of up to 3,244,000 equity shares of ₹10 each. The retail quota is 50%, Others 50%.

Established in 1998, Committed Cargo Care Limited stands as a leading Third Party Logistics provider with a specialization in the proficient handling of Import and Export Cargo. Their forte lies in delivering comprehensive integrated services tailored to meet diverse logistical needs.

The company offers an array of integrated logistics solutions encompassing cargo management, order management, international freight management, customs and cross-border facilitation, and the handling of heavy and over-dimensional cargo. With a broad customer base hailing from various sectors across 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 plays a pivotal role in facilitating smooth and efficient supply chain operations for its clients.

Committed Cargo Care IPO Details

Committed Cargo Care IPO opens on Oct 6, 2023, and closes on Oct 10, 2023. The Listing date for Committed Cargo Care IPO is on Oct 18, 2023. The price band for IPO is ₹77 per share and lot size of 1600 Shares.

IPO DateOct 6, 2023 to Oct 10, 2023
Listing DateOct 18, 2023
Price₹77 per share
Lot Size1600 Shares
Issue Size₹24.98 Cr
Face Value₹10 per share

Committed Cargo Care IPO Tentative Timetable

Committed Cargo Care opening date is October 6, 2023 and close date is October 10, 2023. The IPO allotment date is October 13, 2023. The refund initiation of IPO is on October 16, 2023. The credit of shares in demat account is on October 17, 2023. The listing date is on October 18, 2023.

EventDate
IPO OpeningOct 06, 2023
IPO ClosingOct 10, 2023
IPO Allotment DateOct 13, 2023
Refund InitiationOct 16, 2023
Shares Credit to DematOct 17, 2023
Lisiting DateOct 18, 2023

Committed Cargo Care IPO Lot Size

Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lot ( 1600 shares or ₹123,200).

CategoryLotsSharesAmount
Retail(Minimum)11600₹123,200
Retail(Maximum)11600₹123,200
HNI (Minimum)23200₹246,400

Committed Cargo Care IPO Promoter Holding

Pre Issue Share Holding98.00%
Post Issue Share Holding68.63%

Committed Cargo Care IPO Review

Clearing House Agent Committed Group, which operates under the name CCCL, is set to make its debut in the Indian IPO market. The company has a well-established presence across several key cities in India and is accredited by prominent industry associations, including FIATA, ACAAI, and IATA, which adds credibility to its operations. CCCL's financial performance has shown steady growth over the past few years, with a total income and net profit of Rs. 122.43 crore and Rs. 5.33 crore, respectively, in FY23. Notably, the company has successfully navigated the pandemic-induced challenges by capitalizing on surging freight rates and expanding its custom brokerage services. However, potential investors should be aware that the issue is priced at a P/E of 12.84 based on annualized FY24 earnings, indicating that it may be fully priced at its IPO level.

CCCL's profitability margins, with a PAT margin of 5.64% in 1M-FY24, have shown improvement, and the company's focus on tonnage growth and expanding its custom brokerage services bodes well for its future prospects. It's important to note that the company has not paid any dividends since its incorporation and plans to adopt a dividend policy based on its financial performance and future outlook. While the IPO shows promise in a competitive segment, investors should carefully assess their risk tolerance and investment horizon before considering participation, keeping in mind that it may be more suitable for medium to long-term rewards.

In conclusion, CCCL's IPO presents an opportunity in a competitive industry with potential for growth. However, investors should conduct thorough due diligence and consider the pricing of the IPO in relation to its earnings. The company's focus on expanding its niche services and its track record in adapting to market conditions are positive indicators, making it an option for investors with a medium to long-term investment horizon.

Committed Cargo Care IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)0
Non-Institutional Buyers0
  bNII (bids above ₹10L)0
  sNII (bids below ₹10L)0
Retail Investors(RII)0
Employees0
Others0
Total0

Committed Cargo Care IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Committed Cargo Care IPO FAQs

What is Committed Cargo Care IPO?

Committed Cargo Care is issuing 3,244,000 equity shares with a face value of ₹10 each, totaling up to ₹24.98 Cr. The shares are being offered at a price of ₹77 each, with a minimum order quantity of 1600 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Committed Cargo Care IPO will open?

Committed Cargo Care will open on October 6, 2023 for QIB, NII, and Retail Investors.

When Committed Cargo Care IPO will end?

Committed Cargo Care will end on October 10, 2023.

What is Committed Cargo Care IPO Size?

Committed Cargo Care IPO size is 24.98 Cr.

What is Committed Cargo Care IPO Price Band?

Committed Cargo Care price band is ₹77 per share.

What is the Committed Cargo Care IPO Allotment Date?

Committed Cargo Care allotment date is 13 October 2023.

What is the Committed Cargo Care IPO Listing Date?

Committed Cargo Care listing date is 18 October 2023. The IPO is to be listed on BSE and NSE.

How to Apply Committed Cargo Care IPO through Zerodha?

To apply for the IPO “Committed Cargo Care” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Committed Cargo Care IPO through Upstox?

To apply for the IPO “Committed Cargo Care” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Committed Cargo Care IPO Allotment Status?

For Committed Cargo Care IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Committed Cargo Care IPO GMP?

You can check out here: Committed Cargo Care IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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