Ashapura Logistics IPO Details: The Ashapura Logistics IPO is scheduled to open on July 30 and close on August 1. This NSE SME IPO aims to raise ₹52.66 crores, with the price band set between ₹136 and ₹144 per share, and a market lot size of 1,000 shares.
Established in 2009, Ashapura Logistics Limited is a comprehensive logistics company in India. The company operates in several key areas: (i) cargo handling and freight forwarding; (ii) transportation, including project logistics and third-party logistics (3PL); (iii) warehousing and distribution; and (iv) additional services, such as coastal movement. Ashapura Logistics has a nationwide presence, with a network of nine branch offices as of the date of the Red Herring Prospectus.
With over 20 years of operational experience, Ashapura Logistics offers unique logistics solutions characterized by (a) a pan-India presence, (b) integrated service offerings, (c) a focus on enhancing services through technology, and (d) a large fleet of vehicles. The management has consistently prioritized quality service, establishing a strong reputation with a loyal customer base that includes long-standing clients. The company is ISO 9001:2015 certified for customs clearance, freight forwarding, supply chain management, warehousing, distribution, surface transportation, cargo handling, and 3PL services.
Ashapura Logistics IPO Objectives:
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 IPO Review (Apply or Not)
- Update soon
Ashapura Logistics IPO Date & Price Band Details:
| IPO Open: | July 30, 2024 |
| IPO Close: | August 1, 2024 |
| IPO Size: | Approx ₹52.66 Crores, 3,657,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹136 to ₹144 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Ashapura Logistics IPO Lot Size:
The minimum investment for the Ashapura Logistics IPO is set at 1,000 shares, requiring an application amount of ₹144,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹144,000 |
| Retail Maximum | 1 | 1000 | ₹144,000 |
| S-HNI Minimum | 2 | 2000 | ₹288,000 |
Ashapura Logistics IPO Timeline:
The Ashapura Logistics IPO is scheduled to open on July 30 and close on August 1. The allotment of shares will occur on August 2, and the IPO is expected to be listed on August 6.
| IPO Open Date: | July 30, 2024 |
| IPO Close Date: | August 1, 2024 |
| Basis of Allotment: | August 2, 2024 |
| Refunds: | August 5, 2024 |
| Credit to Demat Account: | August 5, 2024 |
| IPO Listing Date: | August 6, 2024 |
Ashapura Logistics IPO GMP Today:
The Grey Market Premium (GMP) for the Ashapura Logistics SME IPO is ₹30. With the IPO’s price band set at ₹144.00, the estimated listing price is ₹174, which includes the cap price plus today’s GMP. This suggests an anticipated percentage gain of approximately 20.83% per share.
Ashapura Logistics Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹227.14 | ₹216.90 | ₹7.88 |
| 2023 | ₹222.60 | ₹209.99 | ₹9.47 |
| 2024 | ₹199.35 | ₹182.72 | ₹12.35 |
Ashapura Logistics IPO Valuation – FY2024
Check Ashapura Logistics IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹12.90 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 18.92% |
| Net Asset Value (NAV): | ₹65.99 per Equity Share |
Peer Group
- S J Logistics (India) Limited
Company Promoters
- Mr. Sujith Chandrasekhar Kurup
- Mrs. Chitra Sujith Kurup.
Ashapura Logistics IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: all.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Ashapura Logistics IPO Allotment Status
Check Ashapura Logistics IPO allotment status on KfinTech website URL. Click Here
Ashapura Logistics IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Ashapura Logistics Limited
B-902 Shapath Hexa
Opp. High Court, S.G. Highway
Sola, Ahmedabad- 380060,
Phone: 079-66111150
Email: cs.compliance@ashapura.in
Website: https://ashapura.in/
Ashapura Logistics IPO FAQs
1. What are the dates for the Ashapura Logistics IPO?
- The Ashapura Logistics IPO will open on July 30, 2024, and close on August 1, 2024.
2. What is the price band for the Ashapura Logistics IPO?
- The price band for the IPO is set between ₹136 and ₹144 per share.
3. What is the minimum lot size for the Ashapura Logistics IPO?
- The minimum lot size is 1,000 shares, with a total application amount of ₹144,000.
4. When will the IPO allotment take place?
- The allotment date is August 2, 2024.
5. When is the expected listing date for the Ashapura Logistics IPO?
- The expected listing date is August 6, 2024.
6. Can you provide some background on Ashapura Logistics Limited?
- Established in 2009, Ashapura Logistics Limited is a leading logistics company in India, offering services in cargo handling and freight forwarding, transportation (including project and third-party logistics), warehousing and distribution, and other logistics solutions.
7. How many branch offices does Ashapura Logistics have?
- The company operates through a network of nine branch offices across India.
8. What certifications does Ashapura Logistics hold?
- Ashapura Logistics is ISO 9001:2015 certified for various services, including customs clearance, freight forwarding, supply chain management, warehousing, distribution, surface transportation, cargo handling, and third-party logistics.
9. How can I apply for the Ashapura Logistics IPO?
- You can apply for the IPO through your broker or online trading platform by following their specific application procedures.
10. Where can I find more information about the Ashapura Logistics IPO?
- For detailed information, including the Red Herring Prospectus and updates, please visit the official Ashapura Logistics website or consult with your financial advisor.
