Ashapura Logistics Limited IPO
NSE SMEListed On: Aug 6, 2024 at ₹ 185.0
₹ 288000 /2000 Shares
*Min Investment
30 Jul, 2024
Open Date01 Aug, 2024
Close Date02 Aug, 2024
Allotment Date06 Aug, 2024
Listing DateAshapura Logistics Limited IPO Issue Details
- Issue Price ₹136-144 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 36,57,000 shares(aggregating up to ₹52.66 crore)
- Fresh Share 36,57,000 shares(aggregating up to ₹52.66 crore)
- Listing at NSE SME
- List Price 185.0
- Listing Date 2024-08-06
- Lead Manager Beeline Capital Advisors Pvt Ltd
- Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,44,000 |
| Retail(max) | 1 | 1000 | ₹1,44,000 |
| NII (min) | 2 | 2,000 | ₹2,88,000 |
Ashapura Logistics Limited IPO Reservation
Ashapura Logistics Limited IPO offers total 3,657,000 shares. Out of which 696,000 (19.03%) allocated to QIB, 522,000 (14.27%) allocated to NII,1,216,000 (33.25%) allocated to RII, NA (NA%) allocated to employees and 1,040,000 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,040,000 (28.44%) | |
| Market Maker Shares Offered | 183,000 (5%) | |
| QIB Shares Offered | 696,000 (19.03%) | |
| NII (HNI) Shares Offered | 522,000 (14.27%) | |
| Retail Shares Offered | 1,216,000 (33.25%) | |
| Total Shares Offered | 3,657,000 (100%) |
Ashapura Logistics Limited IPO Details
Ashapura Logistics Limited IPO is an SME IPO, priced at ₹136-144 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 36,57,000 equity shares, aggregating up to ₹52.66 crores..
The IPO bidding window is open from Jul 30, 2024 to Aug 1, 2024. The allotment is expected to be finalized on Aug 2, 2024, and the tentative listing date is Aug 6, 2024.
The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,44,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,88,000.
Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Spread X Securities Private Limited will act as the market maker for this issue.
Ashapura Logistics Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 696,000 / 522,000 | 1,216,000 | 2,434,000 |
Day 1 30-07-24 06:00 PM | 1.50 / 1.92 x | 5.96 x | 3.82 x |
Day 2 31-07-24 06:00 PM | 2.70 / 9.77 x | 26.56 x | 16.14 x |
Day 3 01-08-24 06:00 PM | 128.23 / 289.72 x | 174.31 x | 185.88 x |
Ashapura Logistics Limited Valuations
Ashapura Logistics Limited Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 12,644.88 | 10,461.66 | 11,568.76 |
| Revenue | 19,934.57 | 22,260.31 | 22,713.84 |
| Profit After Tax | 1,235.44 | 946.98 | 788.26 |
| Net Worth | 6,532.31 | 4,796.60 | 3,852.04 |
| Reserves & Surplus | 5,542.40 | 4,759.80 | 3,815.32 |
| Total Borrowing | 12.90 | 9.87 | 8.17 |
About Ashapura Logistics Limited Company
In the year 2009, Ashapura Logistics Limited is an Indian-based logistics firm. They focus on :
Cargo handling and forwarding of freight
Transportation -project logistics and third party logistics 3PL
Warehouse and distribution
Other activities- Coastal movement.
Unique logistics services of the company through its: a) Nationwide Presence; b) Broad range of Service offerings; c) Service Enhancements using technology; d) Vehicle fleet network.
It has certifications of ISO 9001:2015 in customs clearance, freight forwarding, supply chain management, warehousing, distribution, surface transportation, cargo handling, and 3PL services.The Ahmedabad-based freight forwarding group has offices located at Hazira, Mundra, Pipavav, Kandla, JNPT, and other ICDs. The above team provides freight forwarding and CHA services to its existing customers.
As of March 31, 2024, the company has 250 commercial trucks in its fleet, with 181 owned by the subsidiary and 69 owned directly by the company.
Through July 2024, it operated and administered 7 warehouses, holding nearly 284,000 square feet capacity for storage.
As of June 30, 2024, Ashapura Logistics Limited was employing over 219 people across all sectors in Operations and Transportation more than 111.
Ashapura Logistics Limited - Promoter(s)
Mr. Sujith Chandrasekhar Kurup
Mrs. Chitra Sujith Kurup
Pre Issue Share Holding : 92.45%
Post Issue Share Holding : 67.51%
Ashapura Logistics Limited IPO - Issue Objectives
The company's funding capital expenditure requirement is for the purchase of trucks ( Vehicles) and ancillary equipment (Equipment).
Construction of warehouses at the facilities located at Mundra, Gujarat
Funding the incremental working capital requirement of our company
General Corporate Purposes
Ashapura Logistics Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Ashapura Logistics Limited | 12.9 | N/A | 65.99 | N/A | 18.92 | N/A | Consolidated |
| S J Logistics (India) Limited | 8.92 | N/A | 64.12 | 50.8 | 10.85 | 7.07 | Standalone |
| S J Logistics (India) Limited | 20.03 | N/A | 77.36 | 22.62 | 20.18 | 5.86 | Consolidated |
Notes:
- P/E Ratio for the peer group has been computed based on the closing market price of equity shares on the NSE on July 19, 2024, divided by the Diluted EPS.
- Return on Net Worth (RoNW) is computed as net profit after tax divided by the closing net worth, which has been computed as the sum of share capital, reserves, and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares adjusted for bonus and sub-division of shares.
Contact Details
Ashapura Logistics Limited
B-902 Shapath Hexa, Opp. High Court, S.G. Highway, Sola, Ahmedabad- 380060
079-66111150
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Ashapura Logistics Limited IPO - FAQs
Ans. Ashapura Logistics Limited IPO is a SME IPO. The issue is priced at ₹136-144 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Jul 30, 2024, and closes on Aug 1, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Ashapura Logistics Limited IPO opens on Jul 30, 2024 and closes on Aug 1, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Ashapura Logistics Limited IPO is 3,657,000 shares(aggregating up to ₹52.66 Cr).
Ans. The Ashapura Logistics Limited IPO price band is set between ₹136-144 per equity share.
Ans. To apply for Ashapura Logistics Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Ashapura Logistics Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Ashapura Logistics Limited IPO is Aug 2, 2024.
Ans. The Ashapura Logistics Limited IPO will be listed on Aug 6, 2024.
Ans. Follow the steps to check the Ashapura Logistics Limited IPO allotment status online.
