Bookbuilding IPO | ₹53 Cr | Listed at NSE SME | Tue, Jul 30, 2024 - Thu, Aug 1, 2024
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 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,44,000 (1000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Jul 30, 2024
IPO Close
Thu, Aug 1, 2024
Issue Price
₹144 per share
Market Cap (Pre-IPO)
₹195.21 Cr
| IPO Date | 30 Jul to 1 Aug, 2024 |
| Listed on | Tue, Aug 6, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹136 to ₹144 |
| Issue Price | ₹144 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 36,57,000 shares (agg. up to ₹53 Cr) |
| Reserved for Market Maker | 1,83,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 34,74,000 shares (agg. up to ₹50 Cr) |
| Net Offered to Public | 34,74,000 shares (agg. up to ₹50 Cr) |
| Share Holding Pre Issue | 98,99,121 shares |
| Share Holding Post Issue | 1,35,56,121 shares |
| NSE Symbol | ASHALOG |
| ISIN | INE0LAA01017 |
Ashapura Logistics IPO comprises a total issue size of 36,57,000 shares. The net offer to the public is 34,74,000 shares, after excluding 1,83,000 shares allotted on a firm basis. Of the Net offer 17,36,000 (49.97%) are allocated to QIB, 5,22,000 (15.03%) allocated to NII 12,16,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,36,000 | 49.97% | 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 | 15.03% | 14.27% |
| Retail Shares Offered | 12,16,000 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,83,000 | 5.00% | |
| Total Shares Offered | 36,57,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
Ashapura Logistics IPO raises ₹14.98 crore from anchor investors. Ashapura Logistics IPO Anchor bid date is July 29, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jul 29, 2024 |
| Shares Offered | 10,40,000 |
| Anchor Portion (₹ Cr.) | 14.98 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Oct 31, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 126.45 | 104.62 | 115.69 |
| Total Income | 199.35 | 222.60 | 227.14 |
| Profit After Tax | 12.35 | 9.47 | 7.88 |
| NET Worth | 65.32 | 47.97 | 38.52 |
| Reserves and Surplus | 55.42 | 47.60 | 38.15 |
| Total Borrowing | 0.13 | 0.10 | 0.08 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Vehicles and Equipment | 15.02 |
| 2 | Construction of warehouses at our facilities located at Mundra, Gujarat | 16.40 |
| 3 | Working Capital Requirement | 6.00 |
| 4 | General Corporate Purpose | 10.20 |
| 5 | Public Issue Expenses | 5.05 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 12.48 | 9.11 |
| P/E (x) | 11.54 | 15.8 |
| Promoter Holding | 92.45% | 67.51% |
| Market Cap | ₹195.21 Cr. |
The Ashapura Logistics IPO is subscribed 185.75 times on August 1, 2024 6:20:01 PM (Day 3). The public issue subscribed 174.21 times in the retail category, 128.23 times in the QIB category, and 289.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 128.23 | 6,96,000 | 8,92,48,000 |
| NII* | 289.33 | 5,22,000 | 15,10,31,000 |
| Retail | 174.21 | 12,16,000 | 21,18,37,000 |
| Total | 185.75 | 24,34,000 | 45,21,16,000 |
Total Application : 2,11,837
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.30 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.06 |
| 5 | Fees payable to Peer Review Auditor | 0.02 |
| 6 | Fees Payable to Market Maker (for Three Years) | 0.12 |
| 7 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 4.50 |
| 8 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹144.00 |
| Open | ₹185.00 |
| Low | ₹175.75 |
| High | ₹194.25 |
| Last Trade | ₹175.75 |
Lead Manager Reports
Ashapura Logistics IPO is a SME IPO of 36,57,000 equity shares of the face value of ₹10 aggregating up to ₹53 Crores. The issue is priced at ₹144 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Jul 30, 2024, and closes on Thu, Aug 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 Tue, Jul 30, 2024 and closes on Thu, Aug 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 Mon, Aug 5, 2024. Check the Ashapura Logistics IPO allotment status.
The Ashapura Logistics IPO listing date is on Tue, Aug 6, 2024.
