Ashapura Logistics Limited IPO
- IPO Date30 Jul, 2024 to 01 Aug, 2024
- Listing Date06 Aug, 2024
- Face Value₹10 per share
- Issue Price₹136 to ₹144 per share
- Lot Size1000 Shares
- Minimum Investment₹1,44,000
- Listing AtNSE SME
- Total Issue Size36,57,000 Shares
(aggregating up to ₹52.66 Cr) - Fresh Issue36,57,000 Shares
(aggregating up to ₹52.66 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue98,99,121
- Shareholding post issue1,35,56,121
IPO Dates
Closing Date
01 Aug, 2024
Initiation of Refunds
05 Aug, 2024
Listing Date
06 Aug, 2024
30 Jul, 2024
Opening Date
02 Aug, 2024
Basis of Allotment
05 Aug, 2024
Credit of Shares
Ashapura Logistics Limited Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 2000 | ₹2,88,000 |
| Retail (Min) | 1 | 1000 | ₹1,44,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1000 | ₹1,44,000 |
Ashapura Logistics Limited Promoter Holding
The Promoters of the company are Mr. Sujith Chandrasekhar Kurup and Mrs. Chitra Sujith Kurup.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 92.45% | 67.51% |
Ashapura Logistics Limited COMPANY INFORMATION
Ashapura Logistics IPO is a book built issue of Rs 52.66 crores. The issue is entirely a fresh issue of 36.57 lakh shares. Ashapura Logistics IPO opens for subscription on July 30, 2024 and closes on August 1, 2024. The allotment for the Ashapura Logistics IPO is expected to be finalized on Friday, August 2, 2024. Ashapura Logistics IPO will list on NSE SME with tentative listing date fixed as Tuesday, August 6, 2024. Ashapura Logistics IPO price band is set at ₹136 to ₹144 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹288,000. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Ashapura Logistics IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Ashapura Logistics IPO is Spread X Securities. Refer to Ashapura Logistics IPO RHP for detailed information.
Incorporated in 2009, Ashapura Logistics Limited is an Indian logistics company. They specialize in
- Handling cargo and forwarding freight
- Transportation, including project logistics and third-party logistics ("3PL")
- Warehousing and distribution
- Other services, including coastal movement.
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.
Analysis of Ashapura Logistics Limited IPO
Overview of Ashapura Logistics Limited
Ashapura Logistics Limited is launching its Initial Public Offering (IPO) with a 100% Book Built Issue. This document provides all relevant details about the IPO, the company's background, and the terms of the issue. Below is a summary of the key points, followed by a list of pros and cons.
Key Details of the IPO
- Type of Issue: Fresh Issue
- Total Equity Shares: 3,657,000
- Face Value: ?10 per share
- Listing: EMERGE Platform of NSE
- Bid/Issue Opening Date: July 30, 2024
- Bid/Issue Closing Date: August 1, 2024
Financial and Risk Factors
Investors should note that this being the first public issue of the company, there's no established market for the shares. The face value and the issue price should not be taken as indicative of future market prices. It is crucial for investors to understand the risks involved, including market risks, sector-specific risks, and competitive pressures.
Pros of Investing in Ashapura Logistics Limited IPO
- High Growth Potential: The logistics sector is poised for growth due to increasing industrial activities.
- Experienced Leadership: The company is led by seasoned promoters with extensive industry knowledge.
- Strategic Expansion Plans: IPO proceeds will be utilized for expanding operations and enhancing service delivery.
- Established Market Presence: Strong foothold in Gujarat provides a strategic advantage.
Cons of Investing in Ashapura Logistics Limited IPO
- Market Uncertainty: As a first-time public issue, there is uncertainty regarding market reception and trading activity.
- Sector Vulnerabilities: The logistics industry faces risks from fuel price volatility and regulatory changes.
- Intense Competition: The logistics market is highly competitive with numerous established players.
- Economic Dependency: Company performance is heavily reliant on overall economic growth.
FAQs About Ashapura Logistics Limited Ipo
Ashapura Logistics Limited IPO will open on 30 Jul, 2024 and close on 01 Aug, 2024. Investors must apply within this period to participate.
The Ashapura Logistics Limited IPO price band is set between ₹136.00 and ₹144.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹144000.00.
The Ashapura Logistics Limited IPO shares are expected to be listed on 06 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your Ashapura Logistics Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Ashapura Logistics Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.