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Ashwini Container Movers Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on January 23, 2025 to raise funds through Initial Public Offer (IPO).
Ashwini Container Movers Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the NSE SME. Corporate Professionals Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Ashwini Container Movers IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Reserved for Market Maker | 2,50,000 shares (aggregating up to ₹[.] Cr) |
| Net Offered to Public | 50,00,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,50,00,000 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Isssue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Jan 23, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 88.65 | 78.31 | 66.11 | 47.08 |
| Total Income | 46.25 | 79.27 | 77.16 | 58.53 |
| Profit After Tax | 5.46 | 1.38 | 2.1 | 0.88 |
| Net Worth | 14.85 | 9.39 | 8.01 | 5.92 |
| Reserves and Surplus | 8.85 | 9.14 | 7.76 | 5.67 |
| Total Borrowing | 61.23 | 58.7 | 47.38 | 34.9 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 14.67% |
| ROCE | 12.37% |
| Debt/Equity | 6.25 |
| RoNW | 14.67% |
The Company Ashwini Container Movers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Million) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company | |
| 2 | Funding capital expenditure requirement of the company towards purchase of trucks | 80.66 |
| 3 | General Corporate Purposes. |
Ashwini Container Movers Ltd.
409, Skylark Premises Co-op Society Ltd.,
Sector 11, Plot No. 63
Thane- 400614
Thane, Maharashtra
Phone: +91 22- 27420030
Email: compliance@ashwinimovers.com
Website: https://www.ashwinimovers.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Ashwini Container Movers IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Ashwini Container Movers IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ashwini Container Movers IPO using UPI as a payment gateway. Zerodha customers can apply in Ashwini Container Movers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ashwini Container Movers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ashwini Container Movers IPO dates are not announced. Please check back again after some time.
Ashwini Container Movers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Ashwini Container Movers 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 Ashwini Container Movers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ashwini Container Movers IPO allotment status.
The Ashwini Container Movers IPO listing date is not yet announced. The tentative date of Ashwini Container Movers IPO listing is [.].
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