Ashapura Logistics IPO Subscription Status

Ashapura Logistics Subscription Day 3 at 185.75 times

Ashapura Logistics IPO closed on August 1st, 2024. Shares of Ashapura Logistics will likely be listed on 6 August on the NSE SME platform. As of August 1st 2024, Ashapura Logistics IPO received bids for 45,21,16,000 shares much more than the 24,34,000 available. It means Ashapura Logistics IPO was oversubscribed 54.40 times by the end of day 3.

Here are the subscription details for Ashapura Logistics IPO as of Day 3 (1 August 2024 at 5:53 pm): 

Ashapura Logistics IPO subscription was mainly driven by High NetWorth Individuals and Non-Institutional Investors (NIIs) on day 3, followed by retail investors and Qualified Institutional Buyers (QIBs). Overall subscription figures do not include the IPO's anchor portion or market-making segment. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Ashapura Logistics IPO for Days 1, 2, and 3

On day 1, Ashapura Logistics IPO was subscribed 3.82 times. By day 2, the subscription status had risen to 16.14 times and on day 3, it reached 185.75 times.

Here are the subscription details for Ashapura Logistics IPO by category as of Day 3:

Data Source: NSE

For Ashapura Logistics  IPO anchor Investors and market Makers each subscribed 1 time. Qualified Institutional Buyers (QIBs) portion subscribed 128.23 times on day 3. HNIs / NIIs portion subscribed 289.33 times, while Retail Investors subscribed 174.21 times. Overall, Bulkcorp IPO was subscribed 185.75 times on Day 3.

Ashapura Logistics IPO -  Day 2 Subscription at 16.00 Times

Ashapura Logistics IPO is set to close on August 1, 2024, with shares expected to begin trading on the NSE SME platform on August 6, 2024. By the end of July 31, 2024, the IPO had received bids for 3,89,35,000 shares, significantly exceeding the 24,34,000 shares available. This indicates that the IPO was oversubscribed by a factor of 16.00 by the close of the second day.

Here are the subscription details for Ashapura Logistics IPO as of Day 2 (31st July 2024 at 5:42 pm):

Ashapura Logistics IPO subscription, retail investors were the primary contributors, followed by High worth individuals (HNIs/NIIs) and Qualified Institutional Buyers (QIBs). It is common for Qualified Institutional Buyers (QIBs) and High Net-Worth Individuals (HNIs/NIIs) to boost their investments in the last hours before the closing. The overall subscription figures also include the market-making portion of the IPO. 

QIBs refer to large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are made up of wealthy individuals and smaller institutions.

Here are the subscription details for Ashapura Logistics IPO by category as of Day 2:

Data Source: NSE

On the first day of the Ashapura Logistics IPO, the subscription level reached 3.82 times. Qualified Institutional Buyers (QIBs) subscribed to 1.50 times their allotted shares, High worth individuals (HNIs/NIIs) subscribed 1.92 times, and Retail Investors oversubscribed by 5.96 times. By the second day, the overall subscription surged to 16.00 times.

Ashapura Logistics IPO - Day 1 Subscription at 3.80 Times

The Ashapura Logistics IPO is set to close on August 1, 2024, with shares expected to begin trading on the NSE SME platform on August 6, 2024. As of July 30, 2024, the IPO had received bids for 92,56,000 shares, significantly exceeding the 24,34,000 shares available. This indicates that the IPO was oversubscribed by a factor of 3.80 on the first day.

Here are the subscription details for Ashapura Logistics IPO as of Day 1 (30th July 2024 at 6:15 pm):

Ashapura Logistics IPO saw strong participation primarily from retail investors, with High Net Worth Individuals (HNIs/NIIs) also showing interest, followed by Qualified Institutional Buyers (QIBs) on Day 1. The overall subscription numbers do not account for the anchor investor segment or market-making activities.

Here are the subscription details for Ashapura Logistics IPO by category as of Day 1:

Data Source: NSE

On day 1, Ashapura Logistics IPO was subscribed 3.80 times. Qualified Institutional Buyers (QIBs) subscribed at 1.50 times. HNIs / NIIs portion subscribed at 1.92 times, while Retail Investors subscribed at 5.93 times. Overall, the IPO was subscribed 3.80 times.

About Ashapura Logistics

• Founded in 2009, Ashapura Logistics Limited is an Indian logistics firm that excels in:

• Cargo handling and freight forwarding

• Transportation services, including project logistics and third-party logistics ("3PL")

• Warehousing and distribution

• Additional services such as coastal transportation

The company distinguishes itself by offering tailored logistics solutions through its:

• Extensive national coverage

• Broad range of services

• Focus on leveraging technology to enhance service quality

• Large fleet of vehicles

Ashapura Logistics Limited is ISO 9001:2015 certified, validating its expertise in customs clearance, freight forwarding, supply chain management, warehousing, distribution, surface transportation, cargo handling, and 3PL services.

Highlights of the Ashapura Logistics IPO

IPO Price Band: ₹136 to ₹144 per share.

Minimum Application Lot Size: 1000 shares.

Minimum Investment for Retail Investors: ₹144,000.

Minimum Investment for High Net-worth Investors (HNI): 2 lots (2,000 shares), ₹288,000.

Registrar: Kfin Technologies Limited.