Cargotrans Maritime Limited IPO
i. Cargotrans Maritime is an international logistics solutions provider with core business of providing sea logistics services including ocean freight forwarding (FCL and LCL), transportation, custom clearance, warehousing and other value added services to the clients. They started the business of freight forwarding in 2012 and have, since then, consistently grown the presence, enhanced the scope of services and increased its capabilities and expertise.
ii. In October, 2019, the Company acquired 100% stake in Cargotrans Maritime Agencies Private Limited (“CMAPL”) and Cargotrans Maritime Forwarding Private Limited (“CMFPL”) to enter into the segment of custom house agent service and coastal transportation (i.e. transport of goods through sea within India).
iii. They have a Multi-Modal Transport Operator’s License, which enable them to issue a single negotiable multimodal transport document covering multiple modes of transport and position ourselves as an independent player in this field thus strengthening our revenue model. The company also undertake work related to regulatory compliance services such as customs clearance, through CMAPL, which owns a valid Custom House Agent’s License.
iv. The registered office of the Company is situated at Gandhidham, Gujarat and we have two branch offices at Ahmedabad & Rajkot and two port offices at Mundra and Pipavav. As on date of Prospectus, the Company operates at 4 sea ports of Gujarat i.e. Mundra, Hazira, Kandla and Pipavav. Currently, they operate a fleet of 9 owned commercial trailers for moving containers and apart from this the company also hire third party transport operators to meet the shipping demand of its customers. Their customers operate in various sectors, including food processing, agro-based, commodities, plastics, minerals, ceramics, trading, packaging, textiles etc.
v. Spectrum of services:
i. Ocean Freight Forwarding
ii. Custom Clearance
iii. Warehousing Services
iv. Transportation Services
vi. Competitive Strengths:
- Wide range of logistics services and solutions.
- Diversified customer base across varied industry verticals.
- Strong relationship with constituents of logistics value chain.
- Experienced Management team.
Objects of the Cargotrans Maritime Limited IPO:
Cargotrans Maritime Limited IPO Details:
|Open Date:||Sep 27 2022|
|Close Date:||Sep 29 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue|
|Issue Size:||4.86 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 45 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Oct 10 2022|
Promoters And Management:
Financials of Cargotrans Maritime Limited IPO:
|Particulars (in crores)||Mar-22||Mar-21||Mar-20|
|Revenue from operations||89||49.00||20.00|
|Employee Benifit Expense||2||2||1|
|Profit (Loss) before tax||3||1||0.3|
|Profit (Loss) for the period||2||1||0.2|
Comparison With Peers:
|Name of the Company||CMP||FV||EPS||P/E|
|Tiger Logistics India Limited||218||10||31.81||7|
|Allcargo Logistics Ltd.||367||2||37.68||9|
|Total Transport Systems Limited||174||10||7.84||19|