Ashapura Logistics Limited IPO

NSE SME

Listed On: Aug 6, 2024 at ₹ 185.0

₹ 144000 /1000 Shares

Check Allotment

Ashapura Logistics Limited IPO Details

30 Jul, 2024

Open Date

01 Aug, 2024

Close Date

02 Aug, 2024

Allotment Date

06 Aug, 2024

Listing Date

Issue Price

₹136-144 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Kfin Technologies Limited

List Price

185.0

Listing Date

2024-08-06

Market Lot

1000 Shares (₹144,000/-)

Lead Manager

Beeline Capital Advisors Pvt Ltd

Issue Size

3,657,000 shares(aggregating up to ₹52.66 Cr)

Retail Portion

35%

Subscription

185.88 times

IPO Docs

DRHP RHP

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

Total No. of Applications: 2,11,837 (Approx)

Ashapura Logistics Limited Valuations

EPS Pre IPO

₹12.48/-

EPS Post IPO

₹9.11/-

P/E Pre IPO

11.54

P/E Post IPO

15.8

RoNW

18.92%

Ashapura 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

About The Company

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.

Ashapura Logistics Limited - Promoter(s)

Pre Issue Share Holding: 92.45%

Post Issue Share Holding: 67.51%

Company Promoter(s)

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

Company Contact Details

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/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: all.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

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.