Ashapura Logistics Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,736,000 (47%) | — | ₹2,500 Cr |
| NII (HNI) | — | 522,000 (14%) | — | ₹752 Cr |
| Retail | — | 1,216,000 (33%) | — | ₹1,751 Cr |
| Market Maker | — | 183,000 (5%) | — | ₹26 Cr |
| Σ Total | — | 3,657,000 (100%) | — | ₹52,661 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹144,000 |
| Retail (Max) | 13 | 13,000 | ₹1,872,000 |
| S-HNI (Min) | 14 | 14,000 | ₹2,016,000 |
| B-HNI (Min) | 67 | 67,000 | ₹9,648,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 19,935 | 22,260 | 22,714 |
| Profit After Tax | 1,235 | 947 | 788 |
| Net Worth | 6,532 | 4,797 | 3,852 |
| Total Assets | 12,645 | 10,462 | 11,569 |
| Reserves & Surplus | 5,542 | 4,760 | 3,815 |
| Total Borrowing | 13 | 10 | 8 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects 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 our company –
- General Corporate Purposes –
Company Overview
Incorporated in 2009, 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: (a) nationwide presence, (b) comprehensive service offerings, (c) emphasis on enhancing service with technology, and (d) 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.