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:
- Jet Freight Logistics Limited.
- Total Transport Systems Limited.
- Tiger Logistics (India) Ltd.
How To Check the Allotment Status of the Committed Cargo Care Limited IPO?
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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 ) |
|---|---|---|
| Total Income | 12,242.77 | 14,612.17 |
| Profit After Tax (PAT) | 533.17 | 308.72 |
| Assets | 4,015.13 | 3,309.84 |
| Total Borrowings | 67.34 | 14.69 |
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Strengths
3The company is getting benefits from good relations with its suppliers in terms of product supply, pricing, offered product quality, etc.
Looking forward, the company is focused on reducing costs and achieving efficiencies to remain a cost-competitive company.
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
3The company is exposed to risks from intense competition from international and domestic third-party logistics companies, which may impact its market position and business.
The company’s profitability and results of operations may be adversely impacted due to the rising carrier cost, labour or other costs.
The company and its promoters and directors are facing outstanding legal proceedings. Any adverse decision could adversely affect the business growth.
