ASHAPURA LOGISTICS IPO

Ashapura Logistics IPO Open 30 July 2024 Check GMP, Price Band or Other Details

by

Ashapura Logistics IPO is a logistic sector IPO. The issue opened on Tuesday, July 30, 2024, and closed on Thursday, August 1, 2024. Anchor investors will start bidding on Monday, July 29, 2024. Ashapura Logistics IPO is 100% a book-built issue IPO. According to RHP’s total issue size of 3657,000 (36.57) lakh equity shares, the company intends to raise 52.66 crore rupees from the market.

Ashapura Logistics IPO Detail Overview

Company NameAshapura Logistics Limited
Issue Type100% book-built issue
Issue Size3,657,000 shares value ( 52.66 Crore )
Face Value₹10
One Lot Size1000 Equity Shares
Price Range₹136/- to ₹144/- per share
Listing PlatformNSE SME
Book Running Lead ManagerBEELINE CAPITAL ADVISORS PRIVATE LIMITED
Name of the RegistrarKFin Technologies Limited
Sponsor BankAxis Bank Limited

Ashapura Logistics Limited IPO Date & Time Chart Details

EVENTSDATE & TIME
Issue Period30 July 2024 to 1 Aug 2024
IPO OpenTuesday, 30 July 2024
IPO CloseThursday, 01 August 2024
Bidding Time10.00 A.M to 5.00 P.M
Share Allotment StatusFriday, 02 August 2024
Initiation of RefundsMonday, 05 August 2024
Share Credit of Demat AccountsMonday, 05 August 2024
Share List on NSE SMETuesday, 06 August 2024
Cut off Time for UPI Mandate Confirmation
ashapura logistics IPO

Ashapura Logistics IPO Category Reservation & Lot Size

  • Retail Investors: Not less than 35% ( 1,216,000 equity shares ) of the Net Issue. Retail investors’ minimum investment required to apply for an IPO is 1 lot 1000 shares ₹144,000. The maximum investment is the same amount because SEBI rules retail investor maximum investment limit applies for an IPO single account of 2 lakh rupees.
  • Non-Institutional Investors ( NII ): Not less than 15% ( 522,000 shares ) of the total Issue. The minimum investment required in this category is 2 lots of 2000 shares ₹288,000
  • QIB Investors: Not more than 50% (1,736,000 equity shares ) of the total Issue.

Ashapura Logistics IPO GMP

Ashapura Logistics today IPO GMP Rs 30 which means share trade on the grey market 30 rupees premium. this GMP continuously change to check the latest GMP please visit our IPO GMP page.

Ashapura Logistics Limited Business

Ashapura Logistics Limited was founded on April 2, 2002, in Ahmedabad, Gujarat. Ashapura Logistics works on an ‘asset-based’ business model; some assets are owned and some are rented. Currently, the company has 250 commercial trucks, out of which it owns 69. The company also maintains 60 containers and 7 warehouses located in Gujarat, Maharashtra, Karnataka, and Tamil Nadu. The total income of the company comes from four places, which are:

  1. Cargo Handling
  2. Warehousing and Distribution
  3. Transportation
  4. Other Services, including Coastal Movement

Ashapura Logistics Limited Revenue Breakup

Particulars31st March, 202431st March, 202331st March, 2022
Cargo Handling Income8,220.007,487.4611,045.50
Transportation Income10,709.3812,512.4111,301.72
Warehouse Income951.09847.87349.31
Coastal Movement20.441,333.91N/A

Ashapura Logistics Financial Performance

Particulars31 March, 202431 March, 202331 March 2022
Sales/Revenue19,934.5722,260.3122,713.84
Total Expenses18,272.0920,998.5021,689.95
Net Profit After Tax1,235.44946.98788.26
Total Assets12,644.8810,461.6611,568.76
Reserves and Surplus5,542.404,759.803,815.32
Total Borrowing4,147.053,510.944,283.59
Net Worth6,532.314,796.603,852.04
Share Capital989.9136.8036.80
Operating Cash Flows (₹ Lakhs)599.091,557.402,115.42
All Value In INR ( Lakhs )

Fundamental Key Factors

Particulars31 March, 202431 March, 202331 March 2022
ROE%21.82%21.84%22.61%
ROCE%20.69%18.68%18.49%
Debt to Equity Ratio0.630.731.11
PAT Margin%6.21%4.26%3.44%
EBITDA Margin13.17%10.00%9.22%
Working capital days74.0035.0024.00
Working Capital Turnover Ratio4.9710.3315.43
ASHAPURA LOGISTICS IPO

Ashapura Logistics Limited Promoters & Share Holding Pre-Issue

PromotersNo. of Shares Holding Pre-IssueHolding Percent %
Mr. Sujith Chandrasekhar Kurup249589625.21%
Mrs. Chitra Sujith Kurup665600067.24
TOTAL>92.45%

Ashapura Logistics Limited Company Board of Directors

Name Designation
Mr. Sujith Chandrasekhar KurupChairman and Managing Director
Mrs. Chitra Sujith KurupWhole-Time Director
Mr. Thomaskutty VargheseIndependent Director
Mr. Umakant Kashinath BijapurIndependent Director
Mr. Satyacharan TiwariIndependent Director

Ashapura Logistics IPO Object Of The Issue

  • Construction of warehouses located at Mundra, Gujarat
  • Working Capital Requirement
  • General Corporate Purpose
  • Purchase of Vehicles and Equipment

Check IPO Allotment Status From Issue Registrar

Registrar:KFin Technologies Limited
Address:Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032, Telangana.
Tel. Number:+91 40 6716 2222
Toll Free No:1800 309 4001
Email Id:[email protected]
Website:

Company Office Address

  • Name: Ashapura Logistics Limited
  • Add: B-902 Shapath Hexa, Opp. High Court, S.G. Highway, Sola,
  • Ahmedabad- 380060, Gujarat, India.
  • Telephone No: 079-66111150
  • Email: [email protected]
  • Website: ashapura.in
Share Your Love:

Leave a Comment