IPO

Ashapura Logistics Ltd. IPO

Ashapura Logistics Ltd., established in 2002, operates in the Logistics - Warehousing/Supply Chain/Others sector. The company's IPO opened on July 30, 2024 and closed on August 1, 2024, with an issue ... Read more

Min Investment
₹ 1,44,000 / 1000 shares
Price Range
₹136 - ₹ 144
Bidding Dates
30 Jul '24 - 1 Aug '24
Total Issue Value
52.66 Cr
Lot Size
1,000
Total Issue Size
52.66 Cr
Listing At
NSE SME
Subscription
173.54 times
NSE Price
91.00 (-36.81%)

IPO Timeline

  • 30 Jul 2024
    Bidding Starts
  • 1 Aug 2024
    Bidding Ends
  • 2 Aug 2024
    Allotment Finalization
  • 6 Aug 2024
    Listing

About Ashapura Logistics Ltd.

We are an integrated logistics company in India, primarily operating in (i) Cargo handling and freight forwarding segment; (ii) Transportation (including project logistics and third-party logistics (“3PL”)); (iii) Warehousing and Distribution and (iv) other services (including coastal ... Read more

Parent organisation
Founded
Ashapura Logistics Ltd.
2002

Ashapura Logistics Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 10,40,000 (28.44%)
Market Makers 1,83,000 (5%)
Non Institutional Investors 5,22,000 (14.27%)
Qualified Institutional Buyers (QIBs) 6,96,000 (19.03%)
Retail Individual Investors (RIIs) 12,16,000 (33.25%)

Ashapura Logistics Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 145.83 Cr 7.05 Cr 42.03 Cr
31 Mar 2023 172.01 Cr 7.28 Cr 39.50 Cr
31 Mar 2022 147.81 Cr 5.85 Cr 32.22 Cr

Ashapura Logistics Ltd. Background

Our Company was incorporated as ‘Ashapura Forwarders Private Limited’ at Ahmedabad, Gujarat as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated April 02, 2002, issued by the Registrar of Companies, Gujarat. Thereafter, our ...

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Major Events And Milestones
  • 2002
    Incorporation of our company
  • 2010
    Established warehouse operations first in Gujarat
  • 2014
    Incorporated subsidiary by name of ‘Ashapura Warehousing Private Limited’ for the purpose of Warehousing and Distribution business
  • 2017
    Our company achieved Revenue milestone of ₹1,000.00 Lakhs on Standalone basis.
  • 2018
    Our company achieved Revenue milestone of ₹5,000.00 Lakhs on Standalone basis.
  • 2019
    Incorporated subsidiary by name of ‘Jai Ambe Transmovers Private Limited’ for the purpose of Transportation business
  • 2021
    Our company achieved Revenue milestone of ₹10,000.00 Lakhs on Standalone basis.
    Converted into Public Limited company
  • 2023
    Ventured into Coastal movement business
    Our company achieved Revenue milestone of ₹15,000.00 Lakhs on Standalone basis.
Ashapura Logistics Ltd. Object of Issues

1. Purchase of Vehicles and Equipment
2. Construction of warehouses at our facilities located at Mundra, Gujarat
3. Working Capital Requirement
4. General Corporate Purpose
5. Public Issue Related Expenses

Ashapura Logistics Ltd. IPO Listing Details
Listing Date
6 Aug 2024
NSE Symbol
ASHLOGI
ISIN
INE0LAA01017
Final Issue Price
₹ 144
Ashapura Logistics Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 144.00
Open - ₹ 185.00
Low - ₹ 175.75
High - ₹ 194.25
Last Trade - ₹ 175.75
Ashapura Logistics Ltd. Company Promoters

1. Mr. Sujith Chandrasekhar Kurup
2. Mrs. Chitra Sujith Kurup

Industry Overview

We are an integrated logistics company in India, primarily operating in (i) Cargo handling and freight forwarding segment; (ii) Transportation (including project logistics and third-party logistics (“3PL”); (iii) Warehousing and Distribution and (iv) other services (including coastal ... Read more

Ashapura Logistics Ltd. Contact Details
Address: B-902 Shapath Hexa, Opp. High Court, S.G. Highway, Sola, Ahmedabad Gujarat - 380060
Phone no:66111150
66111150
|
Ashapura Logistics Ltd. IPO Registrar
KFin Technologies Ltd.
Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally Hyderabad Telangana - 500032
67162222
Ashapura Logistics Ltd. IPO Lead Manager(s)
Beeline Capital Advisors Pvt. Ltd.
B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath Rangoli Road, Thaltej, Ahmedabad Gujarat - 380054
48407357

FAQs

When does Ashapura Logistics Ltd. IPO opens and closes?

Ashapura Logistics Ltd. IPO opens from 30th July to 1st August 2024.

What is the size of Ashapura Logistics Ltd. IPO?

The size of the Ashapura Logistics Ltd. IPO is ₹52.66 Cr.

What is the price range of Ashapura Logistics Ltd. IPO?

The price range of Ashapura Logistics Ltd. IPO is at ₹136 to ₹144 per share.

What is the minimum investment and lot size required for the Ashapura Logistics Ltd. IPO?

The minimum investment required is ₹1,44,000 and minimum lot size is 1000 shares.

When is Ashapura Logistics Ltd. IPO listing date?

The Ashapura Logistics Ltd. IPO will be listed on 6th August 2024.

What is the objective of Ashapura Logistics Ltd. IPO?

1. Purchase of Vehicles and Equipment
2. Construction of warehouses at our facilities located at Mundra, Gujarat
3. Working Capital Requirement
4. General Corporate Purpose
5. Public Issue Related Expenses

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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