Ashapura Logistics Limited IPO
NSE SMEListed On: Aug 6, 2024 at ₹ 185.0
₹ 144000 /1000 Shares
Check Allotment30 Jul, 2024
Open Date01 Aug, 2024
Close Date02 Aug, 2024
Allotment Date06 Aug, 2024
Listing DateIssue Price
₹136-144 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Kfin Technologies LimitedList Price
185.0Listing Date
2024-08-06Market Lot
1000 Shares (₹144,000/-)Lead Manager
Beeline Capital Advisors Pvt LtdIssue Size
3,657,000 shares(aggregating up to ₹52.66 Cr)Retail Portion
35%Subscription
185.88 timesAshapura 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 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
EPS Pre IPO
₹12.48/-EPS Post IPO
₹9.11/-P/E Pre IPO
11.54P/E Post IPO
15.8ROE
21.82%ROCE
20.69%Debt/Equity
0.63RoNW
18.92%PAT Margin
4.86Price to Book Value
2.18Ashapura Logistics Limited Company Financials All values are in ₹ Lakh
| 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 The 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)
Pre Issue Share Holding: 92.45%
Post Issue Share Holding: 67.51%
- Mr. Sujith Chandrasekhar Kurup
- Mrs. Chitra Sujith Kurup
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
Other Details
Ashapura Logistics Limited
B-902 Shapath Hexa, Opp. High Court, S.G. Highway, Sola, Ahmedabad- 380060Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: all.ipo@kfintech.com
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. The size of Ashapura Logistics Limited IPO is 3,657,000 shares(aggregating up to ₹52.66 Cr).
Ans. The IPO price band is set between ₹136-144 per equity share.
Ans. To apply for Ashapura Logistics Limited IPO 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 allotment status for Ashapura Logistics Limited IPO here.
