Ashapura Logistics IPO Date, Details, Allotment and Analyses

Ashapura Logistics IPO is a book-built issue aiming to raise ₹52.66 crores. The entire issue consists of 36.57 lakh new equity shares.

Ashapura Logistics IPO is open for subscription on July 30, 2024, and closes on August 1, 2024. The allotment for the IPO is expected on August 2, 2024. Ashapura Logistics IPO will be listed on NSE SME with a listing date fixed as August 6, 2024.

Source Doc – Ashapura Logistics IPO RHP

Ashapura Logistics IPO Date, Details, Allotment and Analyses

Ashapura Logistics IPO Details

Open Date	July 30, 2024
Close Date	August 1, 2024
IPO Size	A total of Rs ₹52.66 crores and 36.57 lakh shares
Fresh Issue	3657000 Equity Shares
Face Value	₹10 per share
IPO Price Band	₹136 to ₹144 per share
IPO Listing on	NSE SME
Lot Size	1000 Shares
OFS	N.A
Share Offered to Retail	35%
Share Offered to QIB	50%
Share Offered to HNI	15%

Ashapura Logistics IPO Date

IPO Open Date: July 30, 2024
IPO Close Date: August 1, 2024
Allotment: August 2, 2024
Refunds: August 5, 2024
Shares Credit to Demat: August 5, 2024
Listing Date: August 6, 2024

Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹144,000
Retail (Max)	1	1000	₹144,000
HNI (Min)	2	2,000	₹288,000

Promoter Holding

The company’s promoters, Mr. Sujith Chandrasekhar Kurup and Mrs. Chitra Sujith Kurup hold a pre-issue shareholding of 92.45%, which reduces to 67.51% post-issue.

Ashapura Logistics IPO GMP (Grey Market Premium)

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Ashapura Logistics IPO Subscription Status

Ashapura Logistics IPO subscription starts on July 30, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.

Ashapura Logistics IPO Allotment Status

To check the Ashapura Logistics IPO allotment status go to the IPO registrar website ”KFIN TECHNOLOGIES LIMITED” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.

Go to the Link given above.
Select the IPO Name
Enter your PAN/ DP ID/ Application No
Submit details and get the allotment status.

Know About Company

About Ashapura Logistics Limited

Establishment and Focus: Founded in 2009, Ashapura Logistics Limited is a prominent Indian logistics firm specializing in a range of services.
Service Offerings:

Cargo Handling and Freight Forwarding: Expertise in efficiently managing and forwarding cargo.
Transportation: Includes project logistics and third-party logistics (3PL) solutions.
Warehousing and Distribution: Provides storage and distribution facilities.
Other Services: Offers coastal movement services among others.

Distinctive Features:

Nationwide Presence: Extensive network covering various parts of India.
Comprehensive Services: Provides a wide array of logistics solutions.
Technological Integration: Emphasizes enhancing service quality through advanced technology.
Fleet Network: Operates a large fleet of vehicles to support logistics operations.

Certifications: Holds ISO 9001:2015 certification for services including customs clearance, supply chain management, and more.
Operations and Facilities:

Location: Headquartered in Ahmedabad, with branches at key sea ports like Hazira, Mundra, and others.
Services Provided: Offers freight forwarding and Custom House Agent (CHA) services.
Fleet Size: Manages 250 commercial trucks as of March 31, 2024, enhancing logistical capabilities.

Warehouse Facilities:

Current Operations: Manages 7 warehouses across strategic locations.
Capacity: Provides approximately 284,000 square feet of storage space.

Ashapura Logistics Limited Financial Information

The financial performance table for Ashapura Logistics Limited for the financial years ending March 31, 2024, 2023, and 2022:

Period Ended	31 Mar 2024 (₹ Lakhs)	31 Mar 2023 (₹ Lakhs)	31 Mar 2022 (₹ Lakhs)
Assets	12,644.88	10,461.66	11,568.76
Revenue	19,934.57	22,260.31	22,713.84
Profit After Tax	1,235.44	946.98	788.26
Net Worth	6,532.31	4,796.60	3,852.04
Reserves and Surplus	5,542.40	4,759.80	3,815.32
Total Borrowing	12.90	9.87	8.17

KIP of Ashapura Logistics Limited

The table summarizing the financial KPIs (Key Performance Indicators) of the company on a consolidated basis for the years ending March 31, 2024, 2023, and 2022:

Particulars	31-Mar-24 (₹ in Lakhs)	31-Mar-23 (₹ in Lakhs)
Revenue from Operations	19,900.91	22,181.65
EBITDA	2,621.18	2,217.10
EBITDA Margin (%)	13.17%	10.00%
Profit After Tax (PAT)	1,235.71	944.49
PAT Margin (%)	6.21%	4.26%
Net Debt	3,581.23	3,358.09
Debt equity ratio	0.63	0.73
Net Debt to EBITDA	1.37	1.51
Return on Equity (RoE) (%)	21.82%	21.84%
Return on Capital Employed (RoCE) (%)	20.69%	18.68%
Net Fixed Asset Turnover (In Times)	6.52	7.23
Operating Cash Flows	599.09	1,557.40

Ashapura Logistics Limited IPO Valuation – FY2024

Financial Metric	Value
Earnings Per Share (EPS)	₹12.90 per Equity Share
Price/Earnings (P/E) Ratio	9.11 Post IPO
Return on Net Worth (RoNW)	18.92%
Net Asset Value (NAV)	₹65.99 per Equity Share

Peer Group

S J Logistics (India) Limited

Ashapura Logistics Limited IPO 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: all.ipo@kfintech.com
Investors Grievance Id: einward.ris@kfintech.com
Website: www.kfintech.com

Ashapura Logistics Limited IPO Lead Manager

BEELINE CAPITAL ADVISORS PRIVATE LIMITED
SEBI Registration Number: INM000012917
Address: B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath Rangoli Road, Thaltej,
Ahmedabad- 380054, Gujarat, India.
Telephone Number: +91 079 4918 5784
Email Id: mb@beelinemb.com
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com

Ashapura Logistics Limited Contact

Ashapura Logistics Limited
B-902 Shapath Hexa
Opp. High Court, S.G. Highway
Sola, Ahmedabad- 380060,
Phone: 079-66111150
Email: cs.compliance@ashapura.in
Website: https://ashapura.in/

Ashapura Logistics Limited IPO Application Form PDF

To download the Ashapura Logistics Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.

FAQs – Ashapura Logistics Limited IPO

What is the IPO size of Ashapura Logistics Limited?

The IPO aims to raise ₹52.66 crores through 36.57 lakh new equity shares.

What is the lot size for the Ashapura Logistics IPO?

The lot size is 1000 shares, with retail investors required to apply for a minimum of 1000 shares.

Who are the promoters of Ashapura Logistics Limited?

The promoters are Mr. Sujith Chandrasekhar Kurup and Mrs. Chitra Sujith Kurup.

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iPO GMP Today Desk

Rajesh, with 5 years in the stock market, holds a degree in Finance and Management from the University of Kalyani. He simplifies complex financial concepts, offering clear insights to readers, blending expertise with a passion for easy-to-understand analysis.