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:
- Nationwide presence,
- Comprehensive service offerings,
- Emphasis on enhancing service with technology, and
- 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 IPO – Details
| IPO Opening Date | 30 July 2024 |
| IPO Closing Date | 01 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 36,57,000 Shares Worth ₹52.66 Crore Fresh Issue: 36,57,000 Shares Worth ₹52.66 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹136 – ₹144 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Ashapura Logistics IPO – Date Schedule
| IPO Open Date | 30 July 2024 |
| IPO Close Date | 01 August 2024 |
| Basis of Allotment | 02 August 2024 |
| Initiation of Refund | 05 August 2024 |
| Credit of Shares to Demat Account | 05 August 2024 |
| IPO Listing Date | 06 August 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 01, 2024 |
Ashapura Logistics IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,44,000 |
| Retail (Max) | 1 | 1000 | ₹1,44,000 |
| HNI (Min) | 2 | 2000 | ₹2,88,000 |
Competitive Strengths
- Scaled and integrated logistics operations.
- Asset-based business model resulting into higher efficiencies.
- Optimal Utilization of Resources.
- Long-standing relationships with there clients.
Company Promoters
- Mr. Sujith Chandrasekhar Kurup
- Mrs. Chitra Sujith Kurup
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 227.13 | 216.89 | 7.88 | 0.08 |
| 31 March 2023 | 222.60 | 209.98 | 9.46 | 0.09 |
| 31 March 2024 | 199.34 | 182.72 | 12.35 | 0.12 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.82% |
| ROCE | 20.69% |
| Debt/Equity | 0.63 |
| RoNW | 18.92% |
| P/BV | 2.18 |
| PAT Margin (%) | 4.86 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 12.48 | 9.11 |
| P/E (x) | 11.54 | 15.8 |
Object Of The Issue
- 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 the company.
- General Corporate Purposes.
Ashapura Logistics IPO Promoter Holding
| Pre Issue Share Holding | 92.45% |
| Post Issue Share Holding | 67.51% |
Ashapura Logistics IPO Prospectus
Company Contact Information
| 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 Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: all.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Ashapura Logistics IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Ashapura Logistics IPO FAQs
| What is Ashapura Logistics IPO? Ashapura Logistics IPO is a SME IPO. The issue is priced at ₹136 and ₹144 per equity share. The IPO is to be listed on NSE SME. |
| When Ashapura Logistics IPO will open? The IPO is to open on 30 July 2024 for QIB, NII, and Retail Investors. |
| What is Ashapura Logistics IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Ashapura Logistics IPO? You can apply Ashapura Logistics IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Ashapura Logistics IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Ashapura Logistics IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Ashapura Logistics IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Ashapura Logistics IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Ashapura Logistics IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Ashapura Logistics IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Ashapura Logistics IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Ashapura Logistics IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Ashapura Logistics IPO Size? Ashapura Logistics IPO size is ₹52.66 Crore. |
| What is Ashapura Logistics IPO Price Band? Ashapura Logistics IPO Price Band is ₹136 – ₹144. |
| What is Ashapura Logistics IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1000 Shares with ₹1,44,000 amount while the maximum bid is 1000 Shares with ₹1,44,000. |
| What is the Ashapura Logistics IPO Allotment Date? Ashapura Logistics IPO allotment date is 02 August 2024. |
| What is the Ashapura Logistics IPO Listing Date? Ashapura Logistics IPO listing date is 06 August 2024. The IPO is to be listed on NSE SME. |
