Cargosol Logistics Limited IPO

Apply 0
Avoid 0

i. Cargosol Logistics is a complete 3 PL (third-party logistics) service provider, delivering end-to-end solutions in the logistics and supply chain domain involving multimodal transport operations (MTO), owning and operating container, sea and air freight, transportation, warehousing, custom clearance services and handling of project cargo. As on the date of this Prospectus, the company operates a fleet of 12 commercial vehicles which are owned by company and apart from this, they also hire third party transport operators in case of high demand and business feasibility.

ii. The company also provide warehousing facilities with its customers and its warehouses are well connected to several manufacturing and consumption clusters located at Thane, Maharashtra. They also handle NVOCC (Non Vessel Owning Common Carrier) facility for the sectors like Indian Sub-continent, Middle East, Upper Gulf, South East Asia and part of Europe through the slot arrangements with feeder operator as well as with main line operators.

iii. Cargosol Logistics started the business of freight forwarding as a partnership firm under the leadership of the promoters in the year 2004 under the name and style of “Cargosol Logistics” and have, since then, they have consistently grown its presence, enhanced the scope of its services, and increased their capabilities and expertise with continuous learning and upgradation.

iv. The company has over the years developed itself and increased the ambit of its services covering critical services which are required to execute end-to-end logistic needs. These include Multimodal Transportation, Contract Logistics, Regulatory Compliance, warehousing and related Value-Added Services. They are also engaged in handling of project cargo, which is a specialized activity requiring detailed planning and technical expertise. The comprehensive project handling service includes designing and execution of customized solutions tailored to meet specific customer requirements for the transport of high value specialized equipment’s such as power plants, windmills stations etc. from one location to another using multiple modes of transport. These assignments are generally handled on a turnkey contract basis.

v. The Company is headquartered in Mumbai and has presence in major locations such as Kalamboli, Pune, New Delhi, Chennai and warehouse located at Thane. Their international logistics operations are supported by a network of logistic service partners and vendors with whom they enter into cooperation agency agreements that enables us to service client requirements across India and abroad.

vi. Certifications and Accreditations

• World Cargo Alliance (WCA)
• JC Trans
• ISO 28000 Certified
• AMTOI Membership

Objects of the Cargosol Logistics Limited IPO:

We intend to utilize the proceeds of the Issue to meet the following objects:- i. Purchase of vehicle for commercial purpose. ii. Purchase of Containers for expansion of the Non Vessel Owning Common Carrier (NVOCC) division. iii. To meet working capital requirements. iv. General Corporate Purpose. v. To meet issue expenses.

Cargosol Logistics Limited IPO Details:

Open Date: Sep 28 2022
Close Date: Sep 30 2022
Total Shares: 2,700,000
Issue Type: Fixed Price Issue
Issue Size: 7.56 Cr.
Lot Size: 4000 Shares
Issue Price: ₹ 28 Per Equity Share
Listing At: NSE,BSE
Listing Date: Oct 11 2022

Promoters And Management:

i. Roshan Kishanchand Rohira, aged 49 years is the Promoter and Managing Director of the Company. He has been on the Board of Directors of the Company since incorporation. He has completed his Bachelors in Commerce from Jai Hind College, Mumbai in 1993. He also holds a Diploma in Marketing Management from Prin. L.N.Welingkar Institute of Management Development and Research (A division of Poddar College), Mumbai in 1994. He has work experience of around 30 years in the Transportation and Logistic industry. He plays a pivotal role in business planning and development along with the overall management of the Company. Under his guidance the Company has witnessed continuous growth. ii. Samuel Janathan Muliyil, aged 49 years is the Promoter, Chairman and Director of the Company. He possesses more than 29 years of experience in the shipping and distribution industry. He has been on the Board of Directors of the Company since incorporation. He also has a Diploma in Tools & Die making from MTI Baroda, 1992. He has played a pivotal role in setting up business of the Company. He primarily looks after the overall business operations of the Company including international trade, finance and formulation of policies for the business development. He is responsible for the managing administrative activities of the Company. He is also involved in charting new growth opportunities for the Company. iii. Stalgy Samuel Muliyil, aged 48 years is the Non-Executive Director of the Company. She has been on the Board of Directors of the Company since January 19, 2022.She has completed her Masters in Emotional Intelligence (EI) & Life Coaching (M.EI & LC) from University of Mumbai, Garwari Institute of Career Education and Development in 2019. She has an experience of around 28 years in the field of Transformational Coach, Behavioral Training and Business HR & OD Strategist and Human Resources Development.

Financials of Cargosol Logistics Limited IPO:

Particulars (in crores) Mar-22 Mar-21 Mar-20
Revenue from operations 200 103.00 63.00
Operating Expense 174.00 89.00 54.00
Employee Benifit Expense 10.00 6 4
Other Expense 4.00 3.00 2.00
Operating Profit 12 5.00 3.00
OPM% 6.00% 4.85% 4.76%
Finance Cost 2 1 1
Depreciation 1 0.4 0.3
Other Income 0.3 0.1 0.1
Profit (Loss) before tax 7 2 1
Tax expense 1 0.6 0.3
Profit (Loss) for the period 5 1 120.14

Comparison With Peers:

Name of the Company CMP FV EPS P/E
Cargosol Logistics Limited 28 10 8.28 3
Ritco Logistics Ltd 195 10 6.65 30
Allcargo Logistics Ltd 390 2 37.68 9.26
Mahindra Logistics Ltd 507 10 5.16 107

Lead Manager of Cargosol Logistics Limited IPO:

  1. Hem Securities Limited

Registrar of Cargosol Logistics Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Cargosol Logistics Limited 502, Swaroop Arcade, Sahar Road, Andheri, East, Mumbai - 400099 Phone: +91-022-66126000 Email: Website

Discussion on Cargosol Logistics Limited IPO:

Leave a Reply