Ashapura Logistics IPO description – Ashapura Logistics is an integrated logistics company in India, primarily operating in four segments: (i) Cargo handling and freight forwarding; (ii) Transportation, including project logistics and third-party logistics (3PL); (iii) Warehousing and Distribution; and (iv) other services, including coastal movement. The company has a pan-India presence with a network of nine branch offices as of April 2024.
The company offers differentiated logistics solutions through (a) its nationwide presence, (b) integrated service offerings, (c) its emphasis on enhancing service with technology, and (d) its extensive network of vehicle fleets. Some of its prominent customers include Ford India, Piramal Glass, TT Steel Services, Atul Limited, and JK Paper. As of 30 June 2024, the company has 219 employees on its payroll.
As of 31 March 2024, Ashapura Logistics maintains an owned fleet of 250 commercial trucks, including 181 trucks from its material subsidiary, Jai Ambe, and 69 trucks owned directly by the company. Additionally, the company owns 60 containers of 40 TEUs, providing an advantage in its cargo handling business. The warehouse distribution network consists of seven warehouses located across India, strategically situated in Gujarat, Maharashtra, Karnataka, and Tamil Nadu.
Promoters of Ashapura Logistics – Mr. Sujith Chandrasekhar Kurup, and Mrs. Chitra Sujith Kurup
Table of Contents
Ashapura Logistics IPO Details
| Ashapura Logistics IPO Dates | 30 Jul – 1 Aug 2024 |
| Ashapura Logistics Issue Price | INR 136 – 144 per share |
| Fresh issue | 36,57,000 shares (INR 49.74 – 52.66 crore) |
| Offer For Sale | NIL |
| Total IPO size | 36,57,000 shares (INR 49.74 – 52.66 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 1,44,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Ashapura Logistics Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 226.97 | 221.82 | 199.01 |
| Expenses | 216.90 | 209.99 | 182.72 |
| Net income | 7.88 | 9.47 | 12.35 |
Ashapura Logistics Offer News
- Ashapura Logistics RHP
- Ashapura Logistics Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Ashapura Logistics Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 8.17 | 9.87 | 12.90 |
| PE ratio | – | – | 10.54 – 11.16 |
| RONW (%) | 20.29 | 19.69 | 18.92 |
| NAV | 40.26 | 50.13 | 65.99 |
| ROCE (%) | 18.49 | 18.68 | 20.69 |
| EBITDA (%) | 9.22 | 10.00 | 13.17 |
| Debt/Equity | 1.11 | 0.73 | 0.63 |
Ashapura Logistics IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 5 August 2024 | 110 | – | 90,000 |
| 3 August 2024 | 115 | – | 92,700 |
| 2 August 2024 | 125 | – | 1,02,000 |
| 1 August 2024 | 125 | – | 1,02,000 |
| 31 July 2024 | 85 | – | 67,000 |
| 30 July 2024 | 50 | – | 41,000 |
| 29 July 2024 | 50 | – | 41,000 |
| 27 July 2024 | 32 | – | 22,500 |
| 26 July 2024 | 30 | – | 21,000 |
Ashapura Logistics IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 6,96,000 | 5,22,000 | 12,16,000 | 24,34,000 |
| 1 Aug 2024 | 128.23 | 289.44 | 168.12 | 182.73 |
| 31 Jul 2024 | 2.70 | 10.06 | 25.98 | 15.91 |
| 30 Jul 2024 | 1.50 | 1.92 | 5.78 | 3.73 |
The market maker reservation portion of 1,83,000 shares and anchor allocation of 10,40,000 shares are not included in the above calculations.
Ashapura Logistics IPO Allotment Status
Ashapura Logistics IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Ashapura Logistics IPO Dates & Listing Performance
| IPO Opening Date | 30 July 2024 |
| IPO Closing Date | 1 August 2024 |
| Finalization of Basis of Allotment | 2 August 2024 |
| Initiation of refunds | 5 August 2024 |
| Transfer of shares to demat accounts | 5 August 2024 |
| Ashapura Logistics IPO Listing Date | 6 August 2024 |
| Opening Price on NSE SME | INR 185 per share (up 28.47%) |
| Closing Price on NSE SME | INR 175.75 per share (up 22.05%) |
Ashapura Logistics Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054
Phone: 079 4918 5784
Email:Â [email protected]
Website:Â www.beelinemb.com
Ashapura Logistics Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â 91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Ashapura Logistics Contact Details
ASHAPURA LOGISTICS LIMITED
B-902 Shapath Hexa, Opp. High Court,
S.G. Highway, Sola, Ahmedabad- 380060
Phone: 079-66111150
E-mail: [email protected]
Website: www.ashapura.in
IPO FAQs
What is the Ashapura Logistics Issue size?
Ashapura Logistics offer size is INR 49.74 – 52.66 crores.
What is the Ashapura Logistics IPO price band?
Ashapura Logistics public offer price is INR 136 – 144 per share.
What is the lot size of the Ashapura Logistics Offer?
Ashapura Logistics offer lot size is 1,000 shares.
What is Ashapura Logistics IPO GMP today?
Ashapura Logistics IPO GMP today is INR 110 per share.
What is the Ashapura Logistics kostak rate today?
Ashapura Logistics kostak rate today is INR NA per application.
What is Ashapura Logistics Subject to the Sauda rate today?
Ashapura Logistics is Subject to the Sauda rate today is INR 90,000 per application.
