Ashapura Logistics Limited IPO
Ashapura Logistics Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹136–₹144 per share. The stock debuted at ₹185, delivering a listing gain of 28.5%. The IPO had a lot size of ₹1000 shares and a minimum investment of ₹1,44,000.
Ashapura Logistics Limited IPO
- IPO Dates
- Jul 30, 2024 – Aug 1, 2024
- Price band
- ₹136-144 per equity share
- Minimum Investment
- ₹1,44,000
- Issue size
- ₹52.66 Cr
- Lot size
- 1000
- Allotment Date
- Aug 2, 2024
- Listing
- Aug 6, 2024
- Listing At
- NSE SME
IPO timeline
-
Jul 30, 2024
Open Date
Completed
-
Aug 1, 2024
Close Date
Completed
-
Aug 2, 2024
Allotment Date
Completed
-
Aug 6, 2024
Listing Date
Completed
Ashapura Logistics Limited IPO Essentials
Ashapura Logistics Limited IPO Details
Ashapura Logistics Limited IPO is priced at ₹136-144 per share with a total issue size of 52.66 crore. The IPO has a lot size of 1000 shares and is listed on NSE SME.
- Issue price
- ₹136-144 per equity share
- Lot size
- 1000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,657,000 shares(aggregating up to ₹52.66 Cr)
- Total issue size
- 36,57,000 shares
(aggregating up to ₹52.66 crore) - Fresh issue
- 36,57,000 shares
(aggregating up to ₹52.66 crore) - Listing at
- NSE SME
- List price
- 185.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Beeline Capital Advisors Pvt Ltd
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 reservation details show category-wise allocation of shares. Out of the total 3,657,000 shares, approximately 19.03% are reserved for QIB, 14.27% for NII, 33.25% for retail investors, 5% for market maker, and 28.44% for 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 Analytics
Ashapura Logistics Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Ashapura Logistics Limited IPO Subscription Status
Ashapura Logistics Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹12.48/-
- EPS Post IPO
- ₹9.11/-
- P/E Pre IPO
- 11.54
- P/E Post IPO
- 15.8
Returns
- ROE
- 21.82%
- ROCE
- 20.69%
- RoNW
- 18.92%
- PAT Margin
- 4.86
Fundamentals
- Debt / Equity
- 0.63
- Price / Book
- 2.18
Ashapura Logistics Limited Financials( In Lakhs)
| 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 |
Ashapura Logistics Limited Company & Offer Insights
About Ashapura Logistics Limited
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 are the company's promoters of Ashapura Logistics Limited.
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 Information
Contact Details
Ashapura Logistics Limited
079-66111150
B-902 Shapath Hexa, Opp. High Court, S.G. Highway, Sola, Ahmedabad- 380060
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Ashapura Logistics Limited IPO is a book-built IPO worth ₹52.66 crore. The price band is ₹136–₹144 per share. The IPO opens on Jul 30, 2024 and closes on Aug 1, 2024. It will be listed on NSE SME Platform. Kfin Technologies Limited is the registrar.
The price band of Ashapura Logistics Limited IPO is ₹136 to ₹144 per share.
The lot size of Ashapura Logistics Limited IPO is 1000 shares.
The minimum investment for Ashapura Logistics Limited IPO is approximately ₹1,44,000 based on the upper price band .
Ashapura Logistics Limited IPO opens on Jul 30, 2024 and closes on Aug 1, 2024.
The allotment date of Ashapura Logistics Limited IPO is Aug 2, 2024.
Ashapura Logistics Limited IPO is expected to be listed on Aug 6, 2024, on NSE SME Platform.
Ashapura Logistics Limited IPO valuation snapshot: P/E 15.8, EPS ₹9.11/-, P/B 2.18, RoNW 18.92%, and market cap N/A.
To apply for Ashapura Logistics Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Ashapura Logistics Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Ashapura Logistics Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Ashapura Logistics Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Ashapura Logistics Limited IPO allotment status on IPO Ji for quick and easy access.