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Ashapura Logistics Ltd IPO
- Status: Closed
- ₹ 0 / 1000
shares
Minimum Investment
IPO Listing Details
- Listing Date
06 Aug 2024
- Listing Price
₹ 185.00
- Listing Change
inf%
- Last Traded Price
₹ 137.00
IPO Details
- Open Date
03 Jul 2024
- Close Date
01 Aug 2024
- IPO Price Range
₹ ₹136 to ₹144
- IPO Size
₹ 3657000 Cr
- Listing Exchange
NSE SME
- Listing Date
06 Aug 2024
IPO Timeline
Ashapura Logistics Ltd IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
Jul 30, 2024 | 1.50 | 1.92 | 5.96 | 3.82 |
Jul 31, 2024 | 2.70 | 9.77 | 26.56 | 16.14 |
Aug 01, 2024 | 128.23 | 289.33 | 174.21 | 185.75 |
Ashapura Logistics IPO is a book built issue of Rs 52.66 crores. The issue is entirely a fresh issue of 36.57 lakh shares.
Ashapura Logistics IPO bidding started from July 30, 2024 and ended on August 1, 2024. The allotment for Ashapura Logistics IPO was finalized on Friday, August 2, 2024. The shares got listed on NSE SME on August 6, 2024.
Ashapura Logistics IPO price band is set at ₹136 to ₹144 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹288,000.
Ashapura Logistics Ltd IPO Size
Types | Size (₹Cr) |
---|---|
Total IPO size | 24.41 |
Offer for sale | - |
Fresh issue | 24.41 |
Ashapura Logistics Ltd Lot Size
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1000 | ₹144,000 |
Retail (Max) | 1 | 1000 | ₹144,000 |
HNI (Min) | 2 | 2,000 | ₹288,000 |
Ashapura Logistics Ltd IPO Reservation
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | 1,040,000 (28.44%) |
Market Maker Shares Offered | 183,000 (5.00%) |
QIB Shares Offered | 696,000 (19.03%) |
NII (HNI) Shares Offered | 522,000 (14.27%) |
Retail Shares Offered | 1,216,000 (33.25%) |
Total Shares Offered | 3,657,000 (100%) |
Ashapura Logistics Ltd Anchor Allocation
Bid Date | July 29, 2024 |
Shares Offered | 1,040,000 |
Anchor Portion Size (In Cr.) | 14.98 |
Anchor lock-in period end date for 50% shares (30 Days) | September 1, 2024 |
Anchor lock-in period end date for remaining shares (90 Days) | October 31, 2024 |
The main objective of Ashapura Logistics Limited is to fund the purchase of trucks and equipment, construct warehouses in Mundra and Gujarat, and meet the incremental working capital requirements.
- Purchase of vehicles and equipment: The company intends to use INR 15.02 crores to acquire 30 commercial trucks and ancillary equipment. This investment aims to enhance logistics capacity, efficiency, and service levels and align with environmental sustainability goals.
- Capital Expenditure for warehouse construction: The company plans to use INR 16.40 crores to construct a 65,000-square-foot warehouse at Mundra Port. This expansion aims to support growing business operations and meet increasing client warehousing demands.
- To meet working capital requirements, the company will utilize INR 6.00 crores from the Net Proceeds of the Issue to meet its estimated Net Working Capital requirement of INR 82.89 crores for FY 2024-25, with the balance funded through borrowings and internal accruals.
- General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including acquiring land, hiring resources, strategic alliances, funding growth, servicing debt, capital expenditures, working capital, and other operational needs.
Ashapura Logistics Limited, founded in April 2002, is a logistics company in India that specializes in cargo handling, freight forwarding, transportation, warehousing, distribution, and coastal transportation. With over 20 years of experience, the company offers comprehensive logistics services across India, leveraging technology to enhance efficiency and customer experience.
Ashapura Logistics has developed a software called IMPEX to manage its cargo handling and transportation operations and is working on another software for the transportation segment. Their technological capabilities include demand generation, tracking and tracing, fleet operations, price control, and creating a network of providers.
The company has three subsidiaries: Jai Ambe Transmovers Private Limited, Ashapura Warehousing Private Limited and Amanzi International Private Limited. Their freight forwarding team is based in Ahmedabad, with branches at major sea ports like Hazira, Mundra, Pipavav, Kandla, JNPT, and other inland container depots providing services to existing customers.
As of March 31, 2024, Ashapura Logistics has a fleet of 250 commercial trucks, with 181 owned by a subsidiary and 69 owned directly by the company. By July 2024, they run 7 warehouses with a total storage capacity of around 284,000 square feet. As of June 30, 2024, the company employs over 219 people, including more than 111 in operations and transportation.
Strengths
-
Scaled & integrated logistics operations.
-
Asset-based business strategy translating into improved efficiencies.
-
Effective Usage of Resources.
-
Long-standing partnerships with its clients.
Risks
-
It handled activities from the sites for 41.30% of its income for the year ending March 31, 2024. The amount of cargo it handles might be negatively impacted if container traffic does not increase as expected or decreases.
-
Its express logistics and cargo handling businesses depend on an effective transportation network; as a result, any shortcomings in a dependable transportation infrastructure might negatively impact its operations, financial situation, and the company.
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Any unfavorable event that hinders the expansion of trade volumes and freight rates might harm its operations, the financial situation, and the company.
-
An increase in fuel prices also poses a risk to the company.
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Any interruptions that impair its capacity to make continuous use of its transportation network may cause delays, extra expenses, a decline in its reputation, or a reduction in its profitability.
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FAQs
The Ashapura Logistics IPO opens on July 30, 2024 and closes on August 1, 2024.
Ashapura Logistics IPO lot size is 1000 Shares, and the minimum amount required is ₹144,000.
You can apply in Ashapura Logistics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account.
The finalization of Basis of Allotment for Ashapura Logistics IPO will be done on Friday, August 2, 2024, and the allotted shares will be credited to your demat account by Monday, August 5, 2024.
The Ashapura Logistics IPO listing date is on August 6, 2024.
Contact Information
Ashapura Logistics Ltd
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 Ltd IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: all.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Ashapura Logistics Ltd IPO Lead Manager
Beeline Capital Advisors Pvt Ltd