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Cargotrans Maritime IPO is a fixed price issue of Rs 4.86 crores. The issue is entirely a fresh issue of 10.8 lakh shares.
Cargotrans Maritime IPO bidding started from September 27, 2022 and ended on September 29, 2022. The allotment for Cargotrans Maritime IPO was finalized on Tuesday, October 4, 2022. The shares got listed on BSE SME on October 10, 2022.
Cargotrans Maritime IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.
Hem Securities Limited is the book running lead manager of the Cargotrans Maritime IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Cargotrans Maritime IPO RHP for detailed information.
| IPO Date | September 27, 2022 to September 29, 2022 |
| Listing Date | October 10, 2022 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,080,000 shares (aggregating up to ₹4.86 Cr) |
| Fresh Issue | 1,080,000 shares (aggregating up to ₹4.86 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,000,000 |
| Share holding post issue | 4,080,000 |
| Market Maker portion | 60,000 shares |
Cargotrans Maritime IPO offers 1,080,000 shares. 510,000 (47.22%) to NII, 510,000 (47.22%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 60,000 (5.56%) |
| Other Shares Offered | 510,000 (47.22%) |
| Retail Shares Offered | 510,000 (47.22%) |
| Total Shares Offered | 1,080,000 (100%) |
Cargotrans Maritime IPO opens on September 27, 2022, and closes on September 29, 2022.
| IPO Open Date | Tuesday, September 27, 2022 |
| IPO Close Date | Thursday, September 29, 2022 |
| Basis of Allotment | Tuesday, October 4, 2022 |
| Initiation of Refunds | Thursday, October 6, 2022 |
| Credit of Shares to Demat | Friday, October 7, 2022 |
| Listing Date | Monday, October 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 29, 2022 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |
| Lot Size Calculator | |||
Edwin Alexander, Manju Edwin, Mathew Jacob and B Chandrashekhar Rao are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.53% |
Incorporated in 2012, Cargotrans Maritime Limited is an international logistics solutions provider. The company's core business is providing sea logistics services including ocean freight forwarding (FCL and LCL), transportation, customs clearance, warehousing and other value-added services to clients.
The company operates at 4 seaports in Gujarat i.e. Mundra, Hazira, Kandla and Pipavav. Currently, Cargotrans Maritime operates a fleet of 9 owned commercial trailers for moving containers and apart from this company also hires third-party transport operators to meet the shipping demand of the customers.
Cargotrans Maritime Limited offers the following services:
Ocean Freight Forwarding, Custom Clearance, Warehousing Services and Transportation Services.
Competitive Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 592.68 | 2058.43 | 27.56 | 181 | 121 |
| 31-Mar-21 | 1071.37 | 4941.1 | 115.01 | 296.01 | 236.01 |
| 31-Mar-22 | 1157.43 | 8959.92 | 236.28 | 532.29 | 472.29 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Cargotrans Maritime IPO is Rs 18.36 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 7.77 |
The company intend to utilize the proceeds of the Issue to meet the following objects: -
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
[Dilip Davda] CML is operating in a highly competitive segment but has created a niche place. It has posted growth in its top and bottom lines despite all odds. Based on FY22 earnings, the issue appears reasonably priced. A small equity base post IPO indicates longer gestation for migration and higher spending for IPO raises concern. Investors may consider an investment with a medium to long-term perspective. Read detail review...
The Cargotrans Maritime IPO is subscribed 148.25 times on September 29, 2022 6:59:00 PM. The public issue subscribed 166.86 times in the retail category, times in the QIB category, and 129.63 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 129.63 |
| Retail | 166.86 |
| Total | 148.25 |
| Listing Date | October 10, 2022 |
| BSE Script Code | 543618 |
| NSE Symbol | |
| ISIN | INE0M4L01013 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹45.00 |
| ₹70.00 |
| ₹66.50 |
| ₹73.50 |
| ₹73.50 |
Cargotrans Maritime Limited
DBZ-S-61A, 2nd Floor,
Shyam Paragon, Gandhidham,
Kachchh – 370 201
Phone: 91-90999-35142
Email: info@cargotrans.in
Website: http://www.cargotrans.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Cargotrans Maritime IPO is a SME IPO of 1,080,000 equity shares of the face value of ₹10 aggregating up to ₹4.86 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 27, 2022, and closes on September 29, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Cargotrans Maritime IPO using UPI as a payment gateway. Zerodha customers can apply in Cargotrans Maritime IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cargotrans Maritime IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cargotrans Maritime IPO opens on September 27, 2022 and closes on September 29, 2022.
Cargotrans Maritime IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in Cargotrans Maritime IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Cargotrans Maritime IPO will be done on Tuesday, October 4, 2022, and the allotted shares will be credited to your demat account by Friday, October 7, 2022. Check the Cargotrans Maritime IPO allotment status.
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RHP
IPO Guru (4400+ Posts, 5100+ Likes)
IPO Mentor (1600+ Posts, 400+ Likes)
Top Contributor (500+ Posts, 100+ Likes)
I hold 4 lots slightly at a higher average but believe this stock is worth 200+….
Does anyone have an opinion about this stock?
Also, @lokesh and other experts - are you aware how to check if bigger hands are exiting if that is not shown in bulk deals?
The movement in this stock has reduced significantly and this keeps me worried if its really a bet for short time or not?