Ashwini Container Movers Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,364,000 (47%) | — | ₹3,357 Cr |
| NII (HNI) | — | 720,000 (14%) | — | ₹1,022 Cr |
| Retail | — | 1,666,000 (33%) | — | ₹2,366 Cr |
| Market Maker | — | 250,000 (5%) | — | ₹36 Cr |
| Σ Total | — | 5,000,000 (100%) | — | ₹71,000 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 | ₹142,000 |
| Retail (Max) | 13 | 13,000 | ₹1,846,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,988,000 |
| B-HNI (Min) | 67 | 67,000 | ₹9,514,000 |
Financial Statements Amount in Rs Cr
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 56 | 96 | 79 |
| EBITDA | 19 | 25 | 14 |
| Profit After Tax | 10 | 11 | 1 |
| Net Worth | 30 | 20 | 9 |
| Total Assets | 121 | 101 | 678 |
| Reserves & Surplus | 20 | 11 | 9 |
| Total Borrowing | 75 | 63 | 59 |
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
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company – 42.50
- Funding capital expenditure requirement of the company towards purchase of trucks – 8.07
- General Corporate Purposes. –
Company Overview
Incorporated in April 2012, Ashwini Container Movers Limited is a transportation provider specializing in cargo transport across India, primarily in Maharashtra and Gujarat.
As of September 30, 2024, logistics operations are supported by the company's fleet of over 250 containerized trucks, including 20-foot and 40-foot vehicles.
The company serves B2B customers, transporting bulk goods within India, from client factories to ports and vice versa. We specialize in moving containerized goods between ports and factories for importers and exporters.
The company focuses on Full Container Load (FCL) transportation, offering reefer and dry containers.
It also handles Less Container Load (LCL) and Over Dimension Cargo (ODC). FCL dedicates a truck to a single shipment, which is ideal for businesses needing secure delivery of large quantities.
As of September 30, 2024, the company has a team of 24 permanent drivers, 41 staff members, and over 200 on-demand drivers.
The company is ISO 9001, 14001, and 45001 certified for standards, along with GDP compliance for distribution of products, CTPAT US compliance, and FSSAI.
Competitive Strength
- Extensive Experience: 50+ years in commercial transportation.
- Robust Fleet: 250 + owned vehicles (reefer & dry containers)
- Advanced Technology: With Clay Soft and Elixia tracking, customers stay informed about real-time vehicle and goods status.
- Customized Solutions: Tailored logistics plans for varied client needs.
- Client-Centric Approach: Focus on long-term client relationships.
- Safety Commitment: Adherence to safety protocols and fleet maintenance.
- Diverse Clientele: Clientele of diverse industries
- Driver Training: Training given to drivers