IPO Details

Bidding Dates

05 Oct '23 - 09 Oct '23

Minimum Investment

₹123,200 / 1 Lots ( 1600 Shares )

Price Range

₹77

Maximum Investment

₹123,200 / 1 Lots ( 1600 Shares )

Retail Discount

Not Applicable

Issue Size

₹24.98 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

Committed Cargo Care IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Oct 5, 2023

IPO Closing Date

Oct 9, 2023

Basis of Allotment

Oct 12, 2023

Initiation of Refunds

Oct 15, 2023

Credit of Shares to Demat Account

Oct 16, 2023

IPO Listing Date

Oct 17, 2023

Cut-off time for UPI mandate confirmation

Oct 9, 2023

Committed Cargo Care IPO Subscription Details

DateNIIRetailTotal

Day 1Oct 5, 2023

 0.79 3.93 2.36

Day 2Oct 8, 2023

 6.51 27.53 17.03

Day 3Oct 9, 2023

 17.71 46.01 31.89

Committed Cargo Care IPO Subscription Live Status

Investor Category Subscription (Times)
Non-Institutional Buyers 17.71
Retail Investors 46.01
Total 31.89

About Committed Cargo Care Ltd.

Committed Cargo Care Limited was incorporated in 1998, and it is a Third Party Logistics provider that specialises in handling Import and Export Cargo and provides integrated services. The spectrum of the company’s services revolves around Air Freight, Ocean Cargo, Custom Clearance and Document Processing.

The company earns revenue from integrated logistics services like cargo management solutions, order management, international freight management, customs and cross-border movement, heavy and over-dimensional cargo movement, etc.

Currently, the logistics sector represents 5% of India’s Gross Domestic Product (GDP). The higher exports, rising income levels, e-commerce sector, a rapidly growing retail sales market and projected GDP growth of 7 to 8% for the upcoming 5 years are likely to fuel the increase in demand for goods movement. The Government of India (GOI) is also undertaking numerous initiatives to improve its logistics performance. These include the development of dedicated rail-based freight corridors and improvements to the capacity and connectivity of coastal and inland water-based shipping.

Committed Cargo Care Limited IPO Details

Committed Cargo Care Limited IPO Date

Committed Cargo Care Limited IPO is a 100% fresh issue. The fresh issue comprises 32,44,000 shares aggregating up to ₹24.98 crore. Committed Cargo Care Limited’s IPO will be listed on the NSE SME on October 18, 2023. It is a fixed-price issue IPO.

Committed Cargo Care Limited IPO Price Band

The price of the IPO has been fixed at ₹77 per share.

Committed Cargo Care Limited IPO Lot Size

The Committed Cargo Care Limited IPO lot size is 1,600 shares, and the minimum investment will be ₹1,23,200.

Committed Cargo Care Limited IPO Objectives 

The objectives of Committed Cargo Care Limited IPO are listed below:

  • Funding its working capital requirements.
  • For general corporate purposes.

Peer Details

As per DRHP, Committed Cargo Care Limited has 3 listed peers:

  1. Jet Freight Logistics Limited.
  2. Total Transport Systems Limited.
  3. Tiger Logistics (India) Ltd.

How To Check the Allotment Status of the Committed Cargo Care Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Committed Cargo Care Limited

Registered office: Khasra No. 406, Ground Floor, A- Block,

Gali No. – 8 Mahipalpur Extn., New Delhi– 110037

Phone:  011-46151111

E-mail: hr@committedgroup.com

Committed Cargo Care Company Financials

Particulars Year Ending on March 31st 2023 ( ₹ lakh ) Year Ending on March 31st 2022 ( ₹ lakh ) Year Ending on March 31st 2021 ( ₹ lakh )
Total Income 12,242.77 14,612.17 11,385.89
Profit After Tax (PAT) 533.17 308.72 232.20
Assets 4,015.13 3,309.84 3,035.65
Total Borrowings 67.34 14.69 31.42

Know before investing

Strengths

3

  1. The company is getting benefits from good relations with its suppliers in terms of product supply, pricing, offered product quality, etc.

  2. Looking forward, the company is focused on reducing costs and achieving efficiencies to remain a cost-competitive company.

  3. The company’s pan-India presence is supporting its diversified revenue stream. In addition, the company is focused on enhancing its customer base by entering new geographies. Apart from its domestic presence, it is planning to set up overseas offices to extend its reach to overseas clients by establishing offices initially in the Middle East, the Americas and Australia.

Risks

3

  1. The company is exposed to risks from intense competition from international and domestic third-party logistics companies, which may impact its market position and business.

  2. The company’s profitability and results of operations may be adversely impacted due to the rising carrier cost, labour or other costs.

  3. The company and its promoters and directors are facing outstanding legal proceedings. Any adverse decision could adversely affect the business growth.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Committed Cargo Care Ltd IPO FAQs

What is Committed Cargo Care Limited’s IPO?

Committed Cargo Care Limited  IPO is a fresh issue. The fresh issue comprises 32,44,000 shares aggregating up to ₹24.98 crore. The price of the IPO has been decided at ₹77 per share.

When will Committed Cargo Care Limited’s IPO be allotted?

The Basis of Allotment will be on October 13, 2023.

 

When will Committed Cargo Care Limited’s IPO open for subscription?

The IPO subscription window will open on October 06, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot containing 1,600 shares.

When will Committed Cargo Care Limited list on exchanges?

Committed Cargo Care Limited IPO will be listed on NSE SME. The date of listing is October 18, 2023.

How do I check the allotment status of the Committed Cargo Care Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Committed Cargo Care Limited IPO?

Listing gains cannot be ascertained before listing the IPO on the stock exchange.

 

I have finished the application process for the Committed Cargo Care Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Committed Cargo Care Limited’s IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Committed Cargo Care Limited using one PAN?

You can submit only one application using your PAN card.