Committed Cargo Care IPO: How to check allotment status

Committed Cargo Care SME IPO allotment date: Logistics services provider Committed Cargo Care concluded an initial public offer (IPO), worth an estimated Rs 25 crore, this week. The public offer, a fixed price IPO on stock exchange NSE’s SME platform, NSE Emerge, comprised fresh issuance of 32.4 lakh shares. The Committed Cargo Care stock is set to be listed tentatively on October 18.   

Committed Cargo Care SME IPO: Important dates 

The basis of the allotment of shares under the IPO is set to be finalised on Friday, October 13. Successful bidders will get Committed Cargo Care shares transferred to their demat accounts on October 17, whereas other participants will have refunds initiated on October 16.  

Committed Cargo Care SME IPO: How to check allotment of shares  

Here's a step-by-step guide on how to check the allotment status under the Committed Cargo Care IPO:  

Those who participated in the Committed Cargo Care IPO can check the status of their application through the website of the official registrar — Bigshare Services. Here’s a step-by-step guide: 

Step 1: Log in on the website of Bigshare Services. Here’s the direct link: https://ipo.bigshareonline.com/ipo_status.html  

Step 2: Select ‘Committed Cargo Care IPO’ from the list.  

Step 3: Enter PAN details to proceed.  

Step 4: Click on 'search'. 

After this step, the status of your application for the Committed Cargo Care IPO will appear on the screen. 

Here are a few important things to know about Committed Cargo Care:  

Fund utilisation 

The third-party logistics provider plans to utilise the proceeds from the issue mainly for meeting working capital requirements and general corporate purposes, according to its red herring prospectus (RHP). 

What does Committed Cargo Care do? 

Incorporated in 1998, Committed Cargo Care 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. 

New Delhi-headquartered Committee Cargo specialises in handling import and export cargo, with hubs at New Delhi, Mumbai, Jaipur and Ludhiana and a reliable network of associate offices both within the country and abroad, according to its website. 

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