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Committed Cargo Care IPO
Committed Cargo Care Limited
₹1,23,200 /1600 sharesMinimum Investment
Committed Cargo Care IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 6 Oct ‘23 - 10 Oct ‘23 | ₹1,23,200 | 1,600 | ₹77 - ₹77 |
| Issue Size | IPO Doc |
|---|---|
| 24.98Cr | RHP PDF |
About Committed Cargo Care
Founded in
1998
Managing director
Mr. Rajeev Sharma
Parent organisation
Committed Cargo Care Limited
Strengths & Financials of Committed Cargo Care
Strengths
Risks
Their 4PL solution and supply chain management lead to a 10% to 15% reduction in transportation costs and cost improvement for fleets, as per the company.
As an IATA-licensed air cargo agent, the company provides competitive air freight rates for export and import shipments to and from India.
The company has been recognised as an Active Member of The Air Cargo Agents Association of India in 2021-22.
They have also received the Certificate of Accreditation from the International Air Transport Association, allowing them to promote, sell, and handle international air cargo transportation.
The company has been acknowledged for its compliance with the WCO's SAFE Framework of Standards, earning certification as an approved Individual Member of the International Federation of Freight Forwarders Associations for 2022.
The company, its promoters, and its directors are currently facing legal proceedings, which could potentially have significant negative consequences for the company.
The company relies on obtaining various statutory and regulatory approvals. Failure to promptly acquire, maintain, or renew these approvals may adversely affect the company's operations.
The company's revenues heavily rely on its top 10 customers, with contributions of approximately 14.09%, 5.57%, 8.01%, and 10.43% in recent years. Any loss of business from these customers could lead to a decline in revenues and profitability.
Increases in carrier, labor, or other operating costs may negatively impact the company's profitability.
As the company is involved in the clearance and transportation of hazardous goods, any accidents related to these goods could lead to liability for damages and subsequent legal actions.
The company has no long-term contracts with shipping lines, transporters, or customs clearance agents, which may adversely affect its operations.
There is a risk that the company may not be able to deliver cargo on time, which could result in customer claims, negative publicity, and substantial costs due to service deficiencies.
It is crucial to maintain the required storage standards for perishable products stored in their warehouse or during transportation. Failure to do so could negatively affect the company's business.
The company is also involved in heavy lift transportation, and any failure to identify efficient transportation methods or obtain necessary permissions could adversely affect its operations and profitability.
In the past, the company has experienced negative cash flows.
Committed Cargo Care Financials
*All values are in Rs. Cr
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Application Details of Committed Cargo Care IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹77 - 77 | ₹2 - 5 Lakh |
| High Networth Individual | ₹77 - 77 | ₹2 - 5 Lakh |
For Committed Cargo Care IPO, eligible investors can apply as Regular.