Cargosol Logistics Limited IPO
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:
Cargosol Logistics Limited IPO Details:
|Open Date:||Sep 28 2022|
|Close Date:||Sep 30 2022|
|Issue Type:||Fixed Price Issue|
|Issue Size:||7.56 Cr.|
|Lot Size:||4000 Shares|
|Issue Price:||₹ 28 Per Equity Share|
|Listing Date:||Oct 11 2022|
Promoters And Management:
Financials of Cargosol Logistics Limited IPO:
|Particulars (in crores)||Mar-22||Mar-21||Mar-20|
|Revenue from operations||200||103.00||63.00|
|Employee Benifit Expense||10.00||6||4|
|Profit (Loss) before tax||7||2||1|
|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|