Committed Cargo Care Ltd, a logistics provider specialized in import-export cargo and international freight management, had a successful debut on Dalal Street on Wednesday. The company's shares were listed at ₹82 each on NSE SME, marking a 6.49% premium on the issue price of ₹77 per share.
The company's SME Initial Public Offering (IPO), which was open for subscription from October 6 to October 10, was fully booked by the third day. The IPO raised ₹24.95 crore through a fresh issue of 32,40,000 equity shares without an offer for sale (OFS) component. With an IPO price band set at ₹77 per share, it attracted strong interest and was subscribed 87.78 times overall—78.73 times in the retail category and 94.20 times in other categories. The allotment was finalized on October 13.
The funds raised will be used for working capital needs and general corporate purposes to expand the company's operations and boost profitability. Fedex Securities Private Ltd and Bigshare Services Private Ltd served as the book running lead manager and IPO registrar, respectively.
On the same day, WomanCart's IPO also attracted significant interest with subscriptions hitting 29.90 times on the final day of bidding. The online retailer saw investors purchase 3.32 crore equity shares against an offer size of 11.12 lakh.
Retail investors outbid high net-worth individuals (HNIs), buying 46.48 times their quota compared to HNIs' 16.67 times bid on theirs. The IPO aims to generate Rs 9.56 crore by selling shares at Rs 86 each.
Proceeds will be used for branding, marketing, app development, working capital needs, and general corporate purposes. The company is consulting with the National Stock Exchange to finalize share allotment by October 23, with shares expected in demat accounts by October 26. WomanCart's shares, available at a 15% premium on an unofficial IPO shares platform, will be listed on NSE Emerge on October 27.
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