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Ashapura Logistics IPO is a book build issue of ₹52.66 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹52.66 crore.
Ashapura Logistics IPO bidding started from Jul 30, 2024 and ended on Aug 1, 2024. The allotment for Ashapura Logistics IPO was finalized on Aug 2, 2024. The shares got listed on NSE SME on Aug 6, 2024.
Ashapura Logistics IPO price band is set at ₹144.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,36,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,88,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to Ashapura Logistics IPO RHP for detailed Information.
| IPO Date | July 30, 2024 to August 1, 2024 |
| Listing Date | August 6, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹136 to ₹144 per share |
| Issue Price Final | ₹144 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,57,000 shares (aggregating up to ₹52.66 Cr) |
| Reserved for Market Maker | 1,83,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹2.64 Cr) |
| Net Offered to Public | 34,74,000 shares (aggregating up to ₹50.03 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 98,99,121 shares |
| Share Holding Post Issue | 1,35,56,121 shares |
Ashapura Logistics IPO offers total 36,57,000 shares. Out of which 17,36,000 (47.47%) allocated to QIB, 6,96,000 (19.03%) allocated to QIB, 5,22,000 (14.27%) allocated to NII, 12,16,000 (33.25%) allocated to RII and 10,40,000 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,83,000 (5.00%) |
| QIB Shares Offered | 17,36,000 (47.47%) |
| − Anchor Investor Shares Offered | 10,40,000 (28.44%) |
| − QIB (Ex. Anchor) Shares Offered | 6,96,000 (19.03%) |
| NII (HNI) Shares Offered | 5,22,000 (14.27%) |
| Retail Shares Offered | 12,16,000 (33.25%) |
| Total Shares Offered | 36,57,000 (100.00%) |
Ashapura Logistics IPO raises ₹14.98 crore from anchor investors. Ashapura Logistics IPO Anchor bid date is July 29, 2024. Ashapura Logistics IPO Anchor Investors list
| Bid Date | July 29, 2024 |
| Shares Offered | 10,40,000 |
| 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 |
Ashapura Logistics IPO opens on July 30, 2024, and closes on August 1, 2024.
| IPO Open Date | Tue, Jul 30, 2024 |
| IPO Close Date | Thu, Aug 1, 2024 |
| Tentative Allotment | Fri, Aug 2, 2024 |
| Initiation of Refunds | Mon, Aug 5, 2024 |
| Credit of Shares to Demat | Mon, Aug 5, 2024 |
| Tentative Listing Date | Tue, Aug 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 1, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,44,000 |
| Retail (Max) | 1 | 1,000 | ₹1,44,000 |
| HNI (Min) | 2 | 2,000 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2009, Ashapura Logistics Limited is an Indian logistics company. They specialize in
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.
Ashapura Logistics Limited's revenue decreased by -10.45% and profit after tax (PAT) rose by 30.46% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 12,644.88 | 10,461.66 | 11,568.76 |
| Total Income | 19,934.57 | 22,260.31 | 22,713.84 |
| Profit After Tax | 1,235.44 | 946.98 | 788.26 |
| Net Worth | 6,532.31 | 4,796.60 | 3,852.04 |
| Reserves and Surplus | 5,542.40 | 4,759.80 | 3,815.32 |
| Total Borrowing | 12.90 | 9.87 | 8.17 |
| Amount in ₹ Lakhs | |||
The market capitalization of Ashapura Logistics IPO is ₹195.21 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 21.82% |
| ROCE | 20.69% |
| Debt/Equity | 0.63 |
| RoNW | 18.92% |
| PAT Margin | 4.86% |
| Price to Book Value | 2.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 12.48 | 9.11 |
| P/E (x) | 11.54 | 15.8 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is an integrated logistics company providing all related services under one roof. It posted declining trends in top lines but marked growth in its bottom lines for the reported period. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for the medium to long term. Read detail review...
| Listing Date | August 6, 2024 |
| BSE Script Code | |
| NSE Symbol | ASHALOG |
| ISIN | INE0LAA01017 |
| Final Issue Price | ₹144 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹144.00 |
| Open | ₹185.00 |
| Low | ₹175.75 |
| High | ₹194.25 |
| Last Trade | ₹175.75 |
Ashapura Logistics Ltd.
B-902 Shapath Hexa
Opp. High Court, S.G. Highway
Sola
Ahmedabad, Gujarat, 380060
Phone: 079-66111150
Email: cs.compliance@ashapura.in
Website: https://ashapura.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: all.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Ashapura Logistics IPO is a SME IPO of 36,57,000 equity shares of the face value of ₹10 aggregating up to ₹52.66 Crores. The issue is priced at ₹144 per share. The minimum order quantity is 1000.
The IPO opens on July 30, 2024, and closes on August 1, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ashapura Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Ashapura Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ashapura Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ashapura Logistics IPO opens on July 30, 2024 and closes on August 1, 2024.
Ashapura Logistics IPO lot size is 1000, and the minimum amount required for application is ₹1,44,000.
You can apply in Ashapura Logistics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
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. Check the Ashapura Logistics IPO allotment status.
The Ashapura Logistics IPO listing date is on Tuesday, August 6, 2024.
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