Ashapura Logistics Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 30, 2024 to August 1, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 136 to ₹ 144 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 36,57,000 shares (aggregating up to ₹ 52.66 Cr) |
| Fresh Issue | 36,57,000 shares (aggregating up to ₹ 52.66 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 98,99,121 |
| Shareholding post issue | 1,35,56,121 |
| Market Maker portion | 1,83,000 shares Spread X Securities |
About Ashapura Logistics Limited IPO
Ashapura Logistics Limited is an integrated logistics company in India, primarily operating in the Cargo handling and freight forwarding segment, Transportation, Warehousing and Distribution and other services. They have pan-India operations through their network of 9 branch offices. With over 20 years of operational experience since inception, they provide differentiated logistics solutions with their pan-India presence, integrated service offerings, focus on improving service through technology and a large network of vehicle fleets.
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. 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.
Ashapura Logistics IPO Reservation
| 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 (HNI) Shares Offered | Not less than 15% of the Net Issue |
Company & Financials
Incorporated in 2009, Ashapura Logistics Limited is an Indian logistics company. They specialize in:
- 1. Handling cargo and forwarding freight
- 2. Transportation, including project logistics and third-party logistics ("3PL")
- 3. Warehousing and distribution
- 4. 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 seaports like Hazira, Mundra, Pipavav, Kandla, JNPT and other ICDs. They provide freight forwarding and CHA services to existing customers.
Objectives of Ashapura Logistics IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. The company's funding capital expenditure requirement is for the purchase of trucks (" Vehicles") and ancillary equipment ("Equipment").
- 2. The warehouses at the facilities are being constructed at Mundra, Gujarat.
- 3. Funding the incremental working capital requirement of our company.
- 4. General Corporate Purposes.
Ashapura Logistics IPO Review
The integrated logistics company provides all related services under one roof. It posted declining trends in the top lines but marked growth in its bottom lines for the reported period. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for the medium to long term.
Ashapura Logistics Limited IPO Financial Information
Latest Revenue
19,934.57
₹ Crore
Profit After Tax
1,235.44
₹ Crore
Net Worth
6,532.31
₹ Crore
Total Borrowing
12.90
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 12,644.88 | 19,934.57 | 1,235.44 | 6,532.31 | 12.90 | ||||
| 31 Mar 2023 | 10,461.66 | 22,260.31 | 946.98 | 4,796.60 | 9.87 | ||||
| 31 Mar 2022 | 11,568.76 | 22,713.84 | 788.26 | 3,852.04 | 8.17 | ||||
| Amount in ₹ Crore | |||||||||
Ashapura Logistics Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.82% |
| ROCE | 20.69% |
| Debt/Equity | 0.63 |
| RoNW | 18.92% |
| P/BV | 2.18 |
| PAT Margin (%) | 4.86 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.48 | 9.11 |
| P/E (x) | 11.54 | 15.8 |
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Competitive Strengths
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Ashapura Logistics Limited IPO Timeline
| IPO Open Date | Tuesday, July 30, 2024 |
| IPO Close Date | Thursday, August 1, 2024 |
| Basis of Allotment | Friday, August 2, 2024 |
| Initiation of Refunds | Monday, August 5, 2024 |
| Credit of Shares to Demat | Monday, August 5, 2024 |
| Listing Date | Tuesday, August 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹144,000 |
| Retail (Max) | 1 | 1000 | ₹144,000 |
| HNI (Min) | 2 | 2000 | ₹288,000 |