
Services / Logistics · BSE
Incorporated in 2003, Cargosol Logistics Limited is a full-service 3PL provider offering end-to-end logistics and supply chain solutions, including multimodal transport operations, container operations, sea and air freight, transportation, warehousing, customs clearance and project cargo handling. The company also provides NVOCC services across regions such as the Indian Subcontinent, Middle East, Upper Gulf, Southeast Asia and parts of Europe through strategic slot arrangements with feeder and mainline operators. Headquartered in Mumbai, Cargosol has a strong presence in Kalamboli, Pune, New Delhi and Chennai, along with a well-connected warehouse in Thane serving key manufacturing and consumption clusters. Its diverse customer base spans sectors like automotive, heavy engineering, telecom, FMCG, food, agro, paint and dairy. The company reported revenues of Rs. 135.17 crore for the period ending December 31, 2021, and Rs. 103.59 crore, Rs. 64.12 crore and Rs. 55.90 crore for FY 2021, 2020 and 2019 respectively.
Price Band
₹28
Issue Size
₹7.56 Cr
Lot Size
4000 shares
GMP
+35.7%
Est. Listing
₹38
at current GMP
Subscribed
55.43x
overall
Open
20 Sep 2022
Close
30 Sep 2022
Allotment
6 Oct 2022
Refund
7 Oct 2022
Demat Credit
8 Oct 2022
Listing
10 Oct 2022
Overall Subscription
55.43x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 1,350,000 | — | 0.00x |
| Non-Institutional (NII / HNI) | 405,000 | — | 0.00x |
| Retail Individual (RII) | 945,000 | — | 0.00x |
| Total | 2,700,000 | 0 | 55.43x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 236 | 13,081 | 55.43x |
| HNIs (10L +) | 2 | 111 | 55.50x |
| HNIs (2-10L) | 7 | 388 | 55.43x |
| Total Applications | 245 | 13,580 | 55.43x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Cargosol Logistics Limited is bringing an initial public offering (IPO) in the Services / Logistics sector with an aggregate issue size of ₹7.56 Crores. The shares are offered at a price band of ₹28 to ₹28 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 4000 shares (approx. ₹1,12,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-10-08, while un-allotted funds or UPI block mandates will be released on 2022-10-07.
The latest Grey Market Premium (GMP) for Cargosol Logistics Limited IPO is ₹10 per equity share. Based on the upper price band of ₹28 to ₹28 per equity share, the estimated listing price is ₹38 (+35.7% expected listing gain).
With a lot size of 4000 shares and current GMP of ₹10, the expected profit per application lot is approx ₹40,000 (+35.7% gain). Minimum application cost is approx ₹1,12,000.
The Cargosol Logistics Limited IPO aggregate issue size is ₹7.56 Crores with an equity price band set at ₹28 to ₹28 per equity share. The retail lot size is 4000 shares requiring a minimum capital outlay of approx. ₹1,12,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 55.43x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2022-10-06. Investors can verify status using PAN card or application number.
Cargosol Logistics Limited shares are scheduled to list on BSE on 2022-10-10.