Committed Cargo Care IPO Allotment Status: When and where to check?

The IPO date for Committed Cargo Care is set, it began on October 6, 2023, and will end on October 10, 2023. The NSE SME IPO Committed Cargo Care aims to raise ₹24.98 crores. With a market lot of 1600 shares, the price range for the Committed Cargo Care IPO is set at ₹77. The retail quota is 50% and the NII is 50%. The Committed Cargo Care IPO Allotment Status will be distributed on October 13, 2023, and the refund process will be started on October 16 of the same year. On October 17, 2023, the shares will be credited to the investors’ demat accounts. Ultimately, on October 18, 2023, Committed Cargo Care will be listed on the stock market.

Committed Cargo Care IPO Allotment Status

With a lot size of 1600 shares, the Committed Cargo Care IPO Allotment Status was priced at ₹77 per share. The issue size was ₹24.98 crores, of which ₹24.98 crores was a new issue. On the NSE SME, the IPO was listed. Regarding quota reservations, 50% of the shares under the other quota and 50% of the shares under the retail quota were set aside.

The firm offers a range of integrated logistics services, including order processing, international freight management, customs and cross-border transportation, heavy and over-dimensional cargo moving, and cargo management solutions. Customers of Committed Cargo Care come from a variety of industries in India, including heavy and automotive engineering, telecom, food and agriculture, fast-moving consumer goods (FMCG), paint, handicrafts, e-commerce, apparel, dairy, and pharma.

Committed Cargo Care IPO GMP

Several websites that monitor the activity of the grey market state that each share of Committed Cargo Care may be purchased for a grey market premium, also known as a GMP, of Rs 15 right now. This equates to a GMP that is twenty percent higher than the initial public offering price.

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The initial public offering (IPO) with a total value of 24.95 million Indian rupees consists entirely of a new issue of 32.4 lakh equity shares. 

IPO Open October 6, 2023
IPO Close October 10, 2023
IPO Size Approx ₹24.98, 3,244,000 Equity Shares
Face Value ₹10 Per Equity Share
IPO Price Band ₹77 Per Equity Share
Retail Quota 50% of the net offer
NII Quota  50% of the net offer
Basis of Allotment October 13, 2023
Initiation of Refunds October 16, 2023
The credit of Shares to Demat October 17, 2023
Listing Date October 18, 2023
IPO Listing on NSE SME

A minimum of 1,600 shares may be purchased in a single lot, and investors can bid in multiples of that amount. The initial public offering (IPO) of Committed Cargo Care would cost Rs 123,200 per lot. One lot is available for bidding by a retail investor. One has the opportunity to place a bid for two lots totaling 3,200 shares, which have a value of Rs 2,46,400.

Committed Cargo Care IPO Allotment Status

How to check the Committed Cargo Care IPO Allotment Status? 

To check the Committed Cargo Care IPO Allotment Status, follow these steps:

  • Visit the official website of the stock exchange where the IPO is listed (e.g., BSE, NSE).
  • Try looking for a link that says something like “IPO Allotment Status” or “Check IPO Allotment” on the website.
  • Select the Committed Cargo Care IPO from the list of recent IPOs.
  • As needed, provide your PAN card information or application number.
  • To see the status of your IPO allocation, provide the details.
  • The website will display whether you have been allotted shares and the number of shares allotted to you.

Committed Cargo Care Limited IPO Objectives 

  • funding our company’s needs for operational cash
  • General corporate purposes

Committed Cargo Care Limited IPO Competitive Strength

  • Smooth flow of operations
  • Experienced Promoters and Management Team
  • Existing Supplier Relationship
  • Comprehensive solution for logistics requirement
  • Well-defined organizational structure

Committed Cargo Care IPO Lot Size

1600 shares will be available in a single lot for retail investors in the Committed Cargo IPO, with a ₹123,200 minimum investment required. Retail investors individually may apply for up to one lot, with a maximum investment of ₹123,200.

Committed Cargo Care IPO Reservation

  • Retail Shares Offered 50% of the Net Issue
  • Other Shares Offered 50% of the Net Issue

Committed Cargo Care IPO Review

At first, Committed Cargo Care Limited worked as a clearing house agent. The Committed Group is an accredited member of FIATA, the International Air Transport Association (IATA), the Air Cargo Agent Association of India (ACAAI), and Delhi, Mumbai, Chennai, Jaipur, Ludhiana, and Agra. It also has a dependable network of associate offices throughout India and the world. 

The company’s promoters have over 25 years of combined expertise in the logistics sector. Their Promoters, supported by their knowledge and driven by a strong desire to create an integrated logistics organization, have been the cornerstones of our company’s expansion, helping to forge a solid set of values. With their insightful knowledge and forward-thinking outlook, we want to keep expanding in the logistics sector.

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