Committed Cargo Care IPO Open on Oct 6th, 2023

Committed Cargo Care IPO opens on October 6, 2023, and closes on October 10, 2023.

IPO Open Date:                  Friday, October 6, 2023
IPO Close Date:                 Tuesday, October 10, 2023
Basis of Allotment:              Friday, October 13, 2023
Initiation of Refunds:           Monday, October 16, 2023
Credit of Shares to Demat: Tuesday, October 17, 2023
Listing Date:                        Wednesday, October 18, 2023


Application      Lots     Shares        Amount
Retail (Min)        1        1600          ₹123,200
Retail (Max)       1        1600          ₹123,200
HNI (Min)           2        3,200         ₹246,400

Incorporated in 1998, Committed Cargo Care Limited is a Third Party Logistics provider that specializes in handling Import and Export Cargo and provides integrated services.

The company provides integrated logistics services such as cargo management solutions, order management, international freight management, customs and cross-border movement, heavy and over-dimensional cargo movement, etc.

Committed Cargo Care's customer base comes from various sectors across India, including automotive and heavy engineering, telecom, food and agro, fast-moving consumer goods (FMCG), paint, handicrafts, e-commerce products, garments, pharma, and dairy.

The company recorded Rs. 12,221.96 Lacs, Rs. 1,4612.17 Lacs, and Rs. 11,385.89 Lacs in Revenue in Fiscal 2023, 2022, and 2021 respectively.

The Company proposes to utilize the Net Proceeds from the issue towards the following objects:

1. Meeting working capital requirements.
2. General corporate purposes.