Ashapura Logistics is scheduled to hit the market on July 30, 2024 and close on August 01, 2024. Ashapura Logistics plans to raise around ₹52.66 Cr through an IPO with a sale of up to 3,657,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Ashapura Logistics Limited, established in 2009, is an Indian logistics company that specializes in handling cargo and forwarding freight, transportation services—including project logistics and third-party logistics (3PL)—as well as warehousing and distribution. The company is recognized for providing unique logistics solutions through its nationwide presence, comprehensive service offerings, and a strong focus on integrating technology to enhance service efficiency. Additionally, Ashapura operates an extensive vehicle fleet, boasting 250 commercial trucks as of March 31, 2024, with 181 trucks owned by its subsidiary and 69 directly owned by the company.
Certified with ISO 9001:2015, Ashapura Logistics delivers a wide range of services, including customs clearance, freight forwarding, supply chain management, and cargo handling. The freight forwarding team is headquartered in Ahmedabad and has branches at major sea ports like Hazira, Mundra, and JNPT, providing CHA services to its customers. As of July 2024, the company manages seven warehouses with a total storage capacity of about 284,000 square feet and employs over 219 staff members, including more than 111 in operations and transportation roles.
Ashapura Logistics IPO Details
Ashapura Logistics IPO opens on July 30, 2024, and closes on August 01, 2024. The Listing date for Ashapura Logistics IPO is on August 06, 2024. The price band for IPO is ₹136 to ₹144 per share and lot size of 1000 Shares.
| IPO Date | July 30, 2024 to August 01, 2024 |
| Listing Date | August 06, 2024 |
| Price | ₹136 to ₹144 per share |
| Lot Size | 1000 Shares |
| Issue Size | ₹52.66 Cr |
| Face Value | ₹10 per share |
Ashapura Logistics IPO Tentative Timetable
Ashapura Logistics opening date is July 30, 2024 and close date is August 01, 2024. The IPO allotment date is August 02, 2024. Therefund initiation of IPO is on August 05, 2024. The credit of shares in demat account is on August 05, 2024. The listing date is on August 06, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 30, 2024 |
| IPO Closing | August 01, 2024 |
| IPO Allotment Date | August 02, 2024 |
| Refund Initiation | August 05, 2024 |
| Shares Credit to Demat | August 05, 2024 |
| Lisiting Date | August 06, 2024 |
Ashapura Logistics IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹144,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1000 | ₹144,000 |
| Retail(Maximum) | 1 | 1000 | ₹144,000 |
| HNI (Minimum) | 2 | 2000 | ₹288,000 |
Ashapura Logistics IPO Promoter Holding
| Pre Issue Share Holding | 92.45% |
| Post Issue Share Holding | 67.51% |
Ashapura Logistics IPO Review
Ashapura Logistics Ltd. (ALL), an integrated logistics company in India, offers a comprehensive range of services including cargo handling, freight forwarding, transportation, warehousing, and distribution. With over two decades of operational experience and a pan-India presence through nine branch offices, ALL has established itself as a significant player in the logistics sector. The company utilizes an ‘asset-based' business model, owning a large fleet of commercial vehicles and containers, and is expanding its service offerings with technological advancements like the IMPEX software for cargo handling and a new software dedicated to transportation.
Despite a decline in revenue from ₹227.14 crore in FY22 to ₹199.35 crore in FY24, ALL's net profit has improved from ₹7.88 crore to ₹12.35 crore during the same period. This growth in bottom lines highlights the company's ability to enhance profitability even amid revenue fluctuations. The IPO proceeds will be used for working capital, purchasing vehicles and equipment, and constructing a warehouse at Mundra, which will further bolster its operational capabilities. With an IPO price band of ₹136-₹144 per share, the issue is reasonably priced at a P/E of 15.81 based on FY24 earnings, reflecting the company's growth potential and robust financial performance.
Investors seeking medium to long-term gains may find ALL's IPO an attractive investment. The company's established niche in the logistics sector, strategic use of technology, and strong client base, including blue-chip companies like Ford India and Piramal Glass, position it well for future growth. While the top-line figures have shown a decline, the consistent improvement in profitability and prudent use of IPO funds for expansion and operational enhancements make ALL a promising prospect for sustained returns.
Ashapura Logistics IPO Subscription Status (Bidding Details)
Table not foundAshapura Logistics IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Ashapura Logistics IPO FAQs
What is Ashapura Logistics IPO?
Ashapura Logistics is issuing 3,657,000 equity shares with a face value of ₹10 each, totaling up to ₹52.66 Cr. The shares are being offered at a price of ₹136 to ₹144 each, with a minimum order quantity of 1000 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Ashapura Logistics IPO will open?
Ashapura Logistics will open on July 30, 2024 for QIB, NII, and Retail Investors.
When Ashapura Logistics IPO will end?
Ashapura Logistics will end on August 01, 2024.
What is Ashapura Logistics IPO Size?
Ashapura Logistics IPO size is ₹52.66 Cr.
What is Ashapura Logistics IPO Price Band?
Ashapura Logistics price band is ₹136 to ₹144 per share.
What is the Ashapura Logistics IPO Allotment Date?
Ashapura Logistics allotment date is August 02, 2024.
What is the Ashapura Logistics IPO Listing Date?
Ashapura Logistics listing date is August 06, 2024. The IPO is to be listed on BSE and NSE.
How to Ashapura Logistics IPO through Zerodha?
To apply for the IPO “Ashapura Logistics” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Ashapura Logistics IPO through Upstox?
To apply for the IPO “Ashapura Logistics” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Ashapura Logistics IPO Allotment Status?
For Ashapura Logistics IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Ashapura Logistics IPO GMP?
You can check out here: Ashapura Logistics IPO GMP