Ashapura Logistics IPO Details
| IPO Size | 52.66 |
| Price Range | ₹136 - ₹144 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1000 |
| Investment (cut-off price) | ₹144,000 |
| Pre IPO Promotor Holding | 92.45% |
| Post IPO Promotor Holding | 67.51% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Ashapura Logistics IPO Timelines
30/07/2024
Start Date01/08/2024
End Date05/08/2024
Refund Initiation05/08/2024
Credit of Shares to Demat Ac06/08/2024
Listing DateAshapura Logistics IPO Lot Size
| 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 Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 128.33 x | 289.72 x | 174.31 x | -- | 185.88 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹185 | ₹175.75 | ₹194.25 | ₹175.75 |
Ashapura Logistics IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹227.14 | ₹216.90 | ₹7.88 |
| FY 2023 | ₹222.60 | ₹209.99 | ₹9.47 |
| FY 2024 | ₹199.35 | ₹182.72 | ₹12.35 |
About Company
Incorporated in 2009, Ashapura Logistics Limited is a prominent Indian logistics company specialising in handling cargo, forwarding freight, transportation (including project logistics and third-party logistics), warehousing, distribution, and coastal movement. The company stands out due to its nationwide presence, comprehensive service offerings, emphasis on enhancing services through technology, and an extensive vehicle fleet network.
Ashapura Logistics is ISO 9001:2015 certified, highlighting its commitment to quality in customs clearance, freight forwarding, supply chain management, warehousing, distribution, surface transportation, cargo handling, and 3PL services. The freight forwarding team operates from Ahmedabad with branches at key sea ports like Hazira, Mundra, Pipavav, Kandla, JNPT, and other Inland Container Depots (ICDs), providing freight forwarding and Customs House Agent (CHA) services to existing customers.
As of March 31, 2024, the company’s fleet consists of 250 commercial trucks, with 181 owned by its subsidiary and 69 owned directly by the company. Additionally, Ashapura Logistics manages and operates seven warehouses, offering a total storage capacity of approximately 284,000 square feet.
As of June 30, 2024, the company employs over 219 people, including more than 111 in Operations and Transportation. This robust team and infrastructure enable Ashapura Logistics Limited to deliver reliable and efficient logistics solutions across India.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2002 | Logistics | sujith chandrasekhar kurup |
Know Before Investing
Ashapura Logistics IPO Strengths
- Extensive logistics operations with a pan-India network of nine branches.
- Asset-based model with 250 commercial trucks and 60 containers.
- Technology-enabled operations for efficient, customised logistics solutions.
- Strong client relationships, serving 560 customers in FY 2024.
- Diverse service offerings: cargo handling, transportation, warehousing, distribution.
- Over 20 years of experience in logistics and supply chain.
Ashapura Logistics IPO Risks
- Risk of non-renewal of required licenses affecting business operations.
- Dependence on regulatory approvals may delay business activities.
- Reliance on related party for custom clearance raises conflict concerns.
- Director’s past disqualification may impact the company’s reputation.
- Inability to trace historical secretarial records may cause compliance issues.
- Outstanding legal proceedings may impact financial condition and reputation.
Swot Analysis for Ashapura Logistics IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
Ashapura Logistics Limited
B-902 Shapath Hexa
Opp. High Court, S.G. Highway
Sola, Ahmedabad- 380060,
Phone: 079-66111150
Email: [email protected]
Website: https://ashapura.in/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Ashapura Logistics IPO are:
- Funding capital expenditure requirement of our company towards purchase of trucks (“Vehicles”) and ancillary equipment (“Equipment”).
- Construction of warehouses at our facilities located at Mundra, Gujarat
- Funding the incremental working capital requirement of our company
- General Corporate Purposes