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

Committed Cargo Care IPO Allotment Status- Check the online allotment status of Committed Cargo Care IPO: Today, Friday, October 13, has been set aside as the Committed Cargo Care IPO allotment date. The Committed Cargo Care IPO allocation status may be viewed by investors who applied for the issue on the Bigshare Services Pvt Ltd registrar’s webpage. By using the basis of allotment, investors can ascertain if and how many shares they have been granted. For those who were not awarded shares, the return procedure will begin on Monday, October 16. On Tuesday, October 17, those who were awarded shares will receive them in demat accounts.

Committed Cargo Care’s initial public offering (IPO) is scheduled to take place on October 6, 2023, and run until October 10, 2023. The target amount for the NSE SME IPO Committed Cargo Care is ₹24.98 crores. The price range for the Committed Cargo Care IPO is set at ₹77, with a market lot of 1600 shares. Both the NII and the retail quota are 50%. On October 13, 2023, the Committed Cargo Care IPO Allotment Status will be sent out, and on October 16 of the same year, the refund procedure will begin. The shares will be credited to the investors’ demat accounts on October 17, 2023. In the end, Committed Cargo Care will go public on the stock market on October 18, 2023.

Committed Cargo Care IPO Allotment Status

The price per share for the 1600-share lot size in the Committed Cargo Care IPO Allotment Status was ₹77. There were ₹24.98 crores in the issue size, of which ₹24.98 crores were fresh. The IPO was listed on the NSE SME. Fifty percent of the shares under the retail quota and fifty percent of the shares under the other quota were reserved for quota reservations. The NSE SME website will feature Committed Cargo Care’s initial public offering (IPO) on Wednesday, October 18. Here’s how to verify the Committed Cargo Care IPO share allotment status if you applied for shares. If you submitted an application for the Committed Cargo Care IPO, you may check the status of your allotment right away on the Bigshare Services Pvt Ltd website, which is the IPO registrar.

Order processing, international freight management, customs and cross-border transportation, large and over-dimensional cargo movement, and cargo management solutions are just a few of the integrated logistics services that the company provides. A wide range of Indian businesses, including telecom, food and agricultural, fast-moving consumer goods (FMCG), paint, handicrafts, e-commerce, fashion, dairy, and pharmaceuticals, are among Committed Cargo Care’s clientele.

Committed Cargo Care IPO Allotment Status

Committed Cargo Care IPO Allotment Status Details

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
Category News
Official Website Click Here
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Committed Cargo Care IPO GMP

According to a number of websites that track grey market activity, a grey market premium (GMP) of Rs 15 may now be paid for each share in Committed Cargo Care. This means that the GMP will be twenty percent more than the price of the original public offering. A fresh issue of 32.4 lakh equity shares makes up the entirety of the 24.95 million Indian rupee initial public offering (IPO).

A single lot may only include a maximum of 1,600 shares, and buyers may place several bids. Committed Cargo Care’s initial public offering (IPO) will set you back Rs 123,200 per lot. A retail investor may place a bid on one lot. Interested parties may bid for up to two lots of 3,200 shares each, valued at Rs 2,46,400.

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

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Committed Cargo Care IPO Lot Size

Retail investors in the Committed Cargo IPO would be able to purchase 1600 shares in a single lot, with a ₹123,200 minimum investment needed. Retail investors may apply individually for up to one lot, with a ₹123,200 maximum investment.

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

The Committed Cargo Care Limited was initially employed as a clearing house agency. The Committed Group holds accreditations from Delhi, Mumbai, Chennai, Jaipur, Ludhiana, Agra, the International Air Transport Association (IATA), and the Air Cargo Agent Association of India (ACAAI). Additionally, it has a solid global network of affiliate offices spread across India.

The company’s backers have accumulated more than 25 years of experience in the logistics industry. Their Promoters have been the main drivers of our company’s growth and have contributed to the development of a strong set of ideals. They are backed by their experience and motivated by a strong desire to establish an integrated logistics organisation. With their astute expertise and progressive perspective, we want to continue growing within the logistics industry.

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How to Check the Committed Cargo Care IPO Allotment Status? 

Use these procedures to find out the Committed Cargo Care IPO Allotment Status:

  • Go to the official stock market website (BSE, NSE, etc.) where the initial public offering is listed.
  • Look for a link on the website that says something like “Check IPO Allotment” or “IPO Allotment Status.”
  • From the list of recent IPOs, choose the Committed Cargo Care IPO.
  • Give your PAN card details or application number as necessary.
  • Enter the information to view the status of your IPO allocation.
  • The website will show you whether or not you have been given shares, as well as how many shares you have been given.

Conclusion

The allotment status for the Committed Cargo Care IPO is eagerly awaited by investors and market participants. The IPO, which was oversubscribed, generated significant interest from both retail and institutional investors. The company’s strong financial performance and promising growth prospects attracted investors looking to capitalize on the potential upside. With the allotment status expected to be released soon, investors are eagerly awaiting confirmation of their allocated shares. This will provide clarity on their investment and allow them to plan their next steps accordingly. As the market eagerly anticipates the allotment status, it remains to be seen how this IPO will perform in the coming days and weeks.

Committed Cargo Care IPO Allotment Status FAQ’S

Where can we check IPO allotment status?

They can go to the registrar's website or use the BSE to check the status of their allotment. Here's how to use BSE to check the status. Step 2: Kindly choose the issue name from the drop-down menu, which is the name of the firm. Step 3: To view the status of the allocation, enter the application number or PAN number.

At what time we can check IPO allotment status?

Approximately seven days pass until the IPO registrar completes and verifies the distribution of the to the winning bidders. The registrar's website allows users to verify the status of their IPO allocation. Additionally, it may be viewed on the NSE and BSE websites.

How do I check my IPO allotment status through ASBA?

ASBA IPO Status Visit the IPO Allotment Status page of our website. Click on the IPO you would like to check the status for. Click on the green IPO Allotment Status button. Choose the company name and enter the PAN Number. Submit the request.

Is IPO allotment based on luck?

Only in cases of oversubscription is IPO allocation determined by chance. Subject to share availability, each retail investor shall get at least one lot under SEBI criteria. However, the lottery technique is used for allocation if there are more retail investors than there are available lots.

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