Ashapura Logistics Limited
Bookbuilding IPO · NSE
- Price band
- ₹136 - ₹144
- Lot size
- 1,000 shares
- Issue amount
- ₹52.66 cr
- Total subscription
- 185.88×
- Opens
- 30 Jul 2024
- Closes
- 1 Aug 2024
- Allotment
- 2 Aug 2024
- Listing
- 6 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 36,57,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,36,000
- Fresh issue
- ₹52.66 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,44,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 98,99,121
- Shares after issue
- 1,35,56,121
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,44,000 |
| HNI | 2 | 2,000 | ₹2,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 10.02 | 1,285.17 |
| RETAIL | 17.51 | 3,052.24 |
| NIB | 7.52 | 2,177.78 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 12.9 | 9.87 | 8.17 |
| ROE | 21.82 | 21.84 | 22.61 |
| ROCE | 20.69 | 18.68 | 18.49 |
| RONW | 18.92 | 19.69 | 20.29 |
| PRE IPO(PE) | 11.54 | 0 | 0 |
| POST IPO(PE) | 15.8 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2009, Ashapura Logistics Limited is an Indian logistics company offering end-to-end services in cargo handling, freight forwarding, transportation, project logistics, third-party logistics (3PL), warehousing, distribution, and coastal movement. With ISO 9001:2015 certification, the company delivers reliable solutions across customs clearance, supply chain management, and multimodal logistics, supported by a nationwide network and a robust fleet. Its freight forwarding team operates from Ahmedabad with branches at major ports such as Hazira, Mundra, Pipavav, Kandla, JNPT, and other ICDs, providing forwarding and CHA services. As of March 31, 2024, Ashapura Logistics managed a fleet of 250 trucks—181 owned by its subsidiary and 69 by the company—and by July 2024 operated seven warehouses with a combined storage capacity of about 284,000 sq. ft. As of June 30, 2024, it employed over 219 personnel, including more than 111 in operations and transportation.
Strengths
- Seamless Logistics Network: Ashapura Logistics Limited operates on a large, well-connected logistics network, making services faster and more efficient.
- Reliable Operations: The company's asset-based business model improves efficiency and ensures dependable service delivery.
- Smart Resource Management: Ashapura Logistics maximizes resource use to boost productivity while keeping costs under control.
Risk factors
- Regulatory Compliance: If Ashapura Logistics doesn't get, renew, or maintain the required licenses and approvals on time, it could negatively impact its business operations.
- Record-Keeping Issues: The company couldn't find some old secretarial documents, which might create compliance or governance problems.
- Equity Share Discrepancy: Promoters bought equity shares at a lower price than the issue price, which might worry investors.
Promoters
Mr. Sujith Chandrasekhar Kurup
Mrs. Chitra Sujith Kurup
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B-902 Shapath Hexa, Opp. High Court, S.G. Highway, Sola, Ahmedabad- 380060
079-66111150
[email protected]Company website ↗Understanding ASHALOG IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.