Ashapura Logistics Limited IPO Detail
Incorporated in 2009, Ashapura Logistics Limited is an Indian logistics company. They specialize in
- Handling cargo and forwarding freight
- Transportation, including project logistics and third-party logistics ("3PL")
- Warehousing and distribution
- Other services, including coastal movement.
The company offers unique logistics solutions through its: (a) nationwide presence, (b) comprehensive service offerings, (c) emphasis on enhancing service with technology, and (d) extensive vehicle fleet network.
The company is certified with ISO 9001:2015 for providing customs clearance, freight forwarding, supply chain management, warehousing, distribution, surface transportation, cargo handling, and 3PL services.
The freight forwarding team is based in Ahmedabad, with branches at sea ports like Hazira, Mundra, Pipavav, Kandla, JNPT, and other ICDs. They provide freight forwarding and CHA services to 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.
As of July 2024, the company manages and operates 7 warehouses with a total storage capacity of approximately 284,000 square feet.
As of June 30, 2024, Ashapura Logistics Limited employed over 219 people, including more than 111 in Operations and Transportation.
Company Promoters
The Promoters of the company are Mr. Sujith Chandrasekhar Kurup and Mrs. Chitra Sujith Kurup.IPO Details
| IPO Opening Date | Jul 30, 2024 |
| IPO Closing Date | Aug 01, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹136 - 144 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹52.66 Cr |
| Fresh Issue | 3,657,000 shares (aggregating up to ₹52.66 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.50x | 0.00x | 0.00x | 1.92x | 5.96x | 3.82x |
| Day 2 | 2.70x | 0.00x | 0.00x | 9.77x | 26.56x | 16.14x |
| Day 3 | 128.23x | 0.00x | 0.00x | 289.33x | 174.21x | 185.75x |
IPO Tentative Timetable
The Ashapura Logistics Limited IPO open date is Jul 30, 2024, and the close date is Aug 01, 2024. The issue may list on Aug 06, 2024.
| IPO Open Date | Jul 30, 2024 |
| IPO Close Date | Aug 01, 2024 |
| Basis of Allotment Date | Aug 02, 2024 |
| Initiation of Refunds | Aug 05, 2024 |
| Credit of Shares to Demat Account | Aug 05, 2024 |
| IPO Listing Date | Aug 06, 2024 |
IPO Lot Size
The Ashapura Logistics Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹144000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹144000 |
| Maximum | 1 | 1000 | ₹144000 |
IPO Promoter Holding
| Pre Issue Share Holding | 92.45% |
| Post Issue Share Holding | 67.51% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 12644.88 | 19934.57 | 1235.44 |
| 31-Mar-23 | 10461.66 | 22260.31 | 946.98 |
| 31-Mar-22 | 11568.76 | 22713.84 | 788.26 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- 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 Registrar:
KFin Technologies Limited
Ashapura Logistics Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Ashapura Logistics Limited
B-902 Shapath Hexa Opp. High Court, S.G. Highway Sola
Ahmedabad
Gujarat
