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Cargosol Logistics Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Cargosol Logistics Ltd IPO

Registered Office: 502 Swaroop Arcade,Sahar Road Andheri (East) , Mumbai - 400099 , Maharashtra , India.
Phone : 91-022-66126000   Fax:
Email :  cs@cargosol.com  
Website :  www.cargosol.com
Initial public offer of upto 27,00,000 equity shares of face value of (Rs)10/- each (the "Equity Shares") of Cargosol Logistics Limited ("The Company" or "The Issuer") at an issue price of (Rs)28 per equity share for cash, aggregating up to (Rs)7.56 crores ("Public Issue") out of which 1,40,000 equity shares of face value of (Rs)10 each, at an issue price of (Rs)28 per equity share for cash, aggregating (Rs)0.39 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 25,60,000 equity shares of face value of (Rs)10 each, at an issue price of (Rs)28 per equity share for cash, aggregating upto (Rs)7.17 crores is here in after referred to as the "Net Issue". The public issue and net issue will constitute 26.47% and 25.10% respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares of (Rs)10 each and the issue price is (Rs)28 per equity shares, the issue price is 2.8 times the face value. Minimum application size of 4000 equity shares and in multiples of 4000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
28-Sep-22 30-Sep-22 (Rs)28.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :4000  Further Multiples of :4000

  (Rs Cr) Lead Managers to the Issue
Project Cost 6.69
Hem Securities Ltd
Project Financed through Current Offer 7.56  
Post Issue Equity Share Capital 10.20  
Issue Price (Rs)28.00  
 
Projects
Purchase of vehicle for commercial purposeTo meet working capital requirements
Purchase of containers for expansion of the NVOCC divisionGeneral corporate purposes
Promoted By
Roshan Kishanchand Rohira  
Samuel Janathan Muliyil  
Listing At
BSE - SME 
Registrar to the Issue
MUFG Intime India Pvt Ltd