The company Committed Cargo Limited is coming up with an IPO of INR 24.98 crores. The offer consists of a fresh issue of equity shares.The company intends to utilise the raised funds to meet the working capital requirements of the company.
Committed Cargo Care IPO – Important Details
| Committed Cargo IPO Date | October 6, 2023 to October 10, 2023 |
| Committed Cargo IPO Listing Date | October 18, 2023 |
| Committed Cargo IPO Price | INR 77 per share |
| Committed Cargo IPO Lot Size | 1600 Shares |
| Committed Cargo IPO Total Issue Size | INR 24.98 crores |
| Committed Cargo IPO Basis of Allotment | October 13, 2023 |
| Committed Cargo IPO Initiation of Refunds | October 16, 2023 |
| Committed Cargo IPO Credit of Shares to Demat | October 17, 2023 |
| Committed Cargo IPO Issue Type | Fixed Price Issue IPO |
| Committed Cargo IPO Listing At | NSE SME |
Committed Cargo Care Limited IPO – Company Profile
The company is an ISO 9001:2015 company, headquartered in Delhi. The company is a 3PL (Third Party Logistic) provider which specializes in handling Import & Export Cargo and providing integrated services to the customers. Earning and maintaining a reputation for dependable and complete worldwide cargo movement solutions with the motto “Customer Pride”.
The company started its operations as a Clearing House Agent. Committed Group has established its hub at Delhi, Mumbai, Chennai, Jaipur, Ludhiana, Agra and a reliable network of associate offices in India and world over and is also an accredited member of FIATA, The Air Cargo Agent Association of India (ACAAI) and International Air Transport Association (IATA).
The promoters have a combined experience of more than 25 years in the logistics industry. Driven by the passion for building an integrated logistics company, backed by its experience, the promoters have been the pillars of the company’s growth and have built a strong value system for the company.
Committed Cargo Care Limited IPO – Fundamental Analysis
Revenue Trends:
The company’s revenue grew from ₹11,377.48 lakhs in 2021 to ₹14,597.12 lakhs in 2022 but dipped to ₹12,221.96 lakhs in 2023.
Profitability:
Net profit increased substantially, from ₹232.20 lakhs in 2021 to ₹533.17 lakhs in 2023, demonstrating a positive trend.
Return on Net Worth (RoNW):
RoNW improved from 11.37% in 2021 to 18.48% in 2023, indicating better utilization of equity.
Earnings Per Share (EPS):
Diluted EPS showed steady growth, rising from ₹3.07 in 2021 to ₹7.04 in 2023, reflecting strong earnings per share.
Asset and Liability Management:
Total assets have expanded from ₹3,035.65 lakhs in 2021 to ₹3,922.66 lakhs in 2023, indicating growth. Liabilities also increased, maintaining a balanced financial structure.
Summary:
Committed Cargo Care demonstrated revenue fluctuations but showcased improved profitability and RoNW. With consistent EPS growth and an expanding asset base, it offers potential, making it an investment option worth considering.
Committed Cargo Care IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in lakhs) | 11,377.48 | 14,597.12 | 12,221.96 |
| Equity (₹ in lakhs) | 2 ,042.90 | 2,351.62 | 2,884.79 |
| Expenses (₹ in lakhs) | 11,070.78 | 14,193.76 | 11,521.80 |
| Profit and Loss After Tax (₹ in lakhs) | 232.20 | 308.72 | 5 33.17 |
| RoNW (%) | 11.37% | 13.13% | 18.48% |
| Diluted EPS only (₹) | 3.07 | 4.08 | 7.04 |
| NAV per Equity Share (₹) | 26.99 | 31.07 | 38.11 |
| Total Assets (in lakhs) | 3 ,035.65 | 3,309.84 | 3 ,922.66 |
| Total Liabilities (in lakhs) | 992.75 | 958.22 | 1,130.34 |
Committed Cargo Care Limited IPO Peer Comparison
Committed Cargo Care’s IPO presents moderate financials with ₹14,612.17 lakhs in total income, a reasonable P/E ratio of 10.94, and a 13.13% RoNW. While peers like Tiger Logistics (India) excel in P/E and RoNW, Committed Cargo Care offers competitive earnings and sound financials.
| Company | Total Income (₹ in lakhs) | Face Value per Equity Share (₹) | P/E | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Committed Cargo Care Limited | 14,612.17 | 10 | 10.94 | 7.04 | 7.04 | 13.13% | 31.07 |
| Jet FreightLogisticsLimited | 41,697.96 | 5 | 980 | 0.01 | 0.01 | 0.26% | 13.41 |
| TotalTransportSystemsLimited | 52,221.82 | 10 | 16.53 | 8.73 | 8.73 | 17.08% | 57.68 |
| TigerLogistics(India) Ltd. | 43,334.78 | 10 | 18.82 | 21.94 | 21.94 | 26.97% | 92.34 |
Committed Cargo Care IPO Objective
Committed Cargo Care’s IPO aims to raise funds for working capital needs, primarily INR 15.96 crores, to facilitate future growth and support general corporate activities, including IT advancements and expansion.
- Funding working capital requirement: The company requires additional working capital to fund future growth requirements of the company and for other business purposes. The company plans to utilize INR 15.96 crores for the said purpose.
- General corporate purpose: The company plans to deploy the balance funds towards the general corporate purpose, which is not limited to meeting expenses incurred in the ordinary course of business such as strategic initiatives, including the advancement of information technology, meeting future branch and business expansion, etc.
Committed Cargo Care IPO Risks And Challenges
Committed Cargo Care faces legal issues worth INR 22.80 crores, which could have a significant impact. Rising carrier, labor, or other costs may affect profitability. Dependency on the top 10 customers (47%) poses revenue risks.
- The company, promoters, and directors are involved in litigation proceedings involving approximately INR 22.80 crores that may have a material adverse outcome.
- The profitability and results of operations may be adversely affected in the event of increases in carrier cost, labor or other costs.
- The top 10 customers contribute approximately 47% as of 31.03.2023. Any loss of business from one or more of them may adversely affect the revenues and profitability.
Committed Cargo Care Limited IPO – Industry & Market Potential
India has been the world’s fastest-growing major economy for four of the past five years due to rising demand for goods and services. The movement of goods across the country and beyond its borders has created economic opportunities for millions of India’s citizens.
Today, the logistics sector represents five percent of India’s Gross Domestic Product (GDP) and employs 2.2 crore people. India handles 4.6 billion tonnes of goods annually, amounting to a total annual cost of INR 9.5 lakh crore.
It also looks at the buildout of road infrastructure projects such as Bharatmala and the Golden Quadrilateral and the creation of supportive policies.The Jal Marg Vikas Project (JMVP) is developed for operations of National Waterway 1 is under progress.
Committed Cargo Care IPO – Type of Offer
The company will issue new shares to raise capital, aiming to collect INR 24.98 crores. This fund will be utilized towards meeting the working capital requirement of the company.
Committed Cargo Care Limited IPO Offer Size
Committed Cargo Limited plans to launch an IPO worth INR 24.98 crores, primarily comprising a new issuance of equity shares. The company aims to utilize the proceeds to fulfill its operational capital needs.
Committed Cargo Care Limited IPO Allotment Structure
Committed Cargo Care Limited’s IPO allocation designates 5.10% (1,48,000 shares) for Market Makers. Investors are divided into Retail Individual Investors (up to INR 2 lakhs) and Others (above INR 2 lakhs).
Retail Individual Investors (RII): The application value does not exceed INR 2 lakhs. These individual investors apply for shares with a total value of less than Rs. 2 lakhs.
Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs
Market Maker Reservation: Total of 1,64,800 equity shares are reserved for market makers. This forms 5.09% of the total issue.
How to apply for the Committed Cargo Care Limited IPO?
To apply for the Committed Cargo Care IPO through Alice Blue, you would typically follow these steps:
1. Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
2. Check for IPO Details: Once your account is active, you can check for the Committed Cargo Care IPO details in the IPO section of the Alice Blue platform.
3. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
4. Submit the Application: Confirm all your details and submit your application.
You can apply for Committed Cargo Care IPO at Alice Blue in just a few clicks!
Check Allotment Status: Post the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to Check Committed Cargo Care IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Committed Cargo Care IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Committed Cargo Care IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Committed Cargo Care IPO:
Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Committed Cargo Care IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) SME Platform. You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Committed Cargo Care IPO Offer Registrar
The registrar for the Committed Cargo Care Limited’s IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
Office No. S6 – 2, 6th Floor, Pinnacle Business Park,
Mahakali Cave Road, Andheri – [East], Mumbai – 400093,
Maharashtra, India.
Tel No.: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Committed Cargo Care Limited IPO FAQs
1. What is the allotment date of the Committed Cargo Care Limited IPO?
The allotment date is 13th October 2023.
2. What is the price band of the Committed Cargo Care Limited IPO?
The price is INR 77 per share.
3. What is the size of the Committed Cargo Care Limited IPO?
The company Committed Cargo Limited is coming up with an IPO of INR 24.98 crores. The offer consists of a fresh issue of equity shares.The company intends to utilise the raised funds to meet the working capital requirements of the company. .
4. What is the listing date of the Committed Cargo Care Limited IPO?
The listing date is October 18, 2023.
