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Ashapura Logistics IPO is a book built issue of 36.57 lakh shares. 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 bands are yet to be announced.
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.
| IPO Date | July 30, 2024 to August 1, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 3,657,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 3,657,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,899,121 |
| Share holding post issue | 13,556,121 |
| Market Maker portion | 183,000 shares Spread X Securities |
| 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 |
Ashapura Logistics IPO opens on July 30, 2024, and closes on August 1, 2024.
| 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 |
The Promoters of the company are Mr. Sujith Chandrasekhar Kurup and Mrs. Chitra Sujith Kurup.
| Share Holding Pre Issue | 92.45% |
| Share Holding Post Issue | 67.51% |
Incorporated in 2009, Ashapura Logistics Limited is an Indian logistics company. They specialize in
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.
Ashapura Logistics Limited's revenue decreased by -10.45% and profit after tax (PAT) rose by 30.46% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| 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 |
| Amount in ₹ Lakhs | |||
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 21.82% |
| ROCE | 20.69% |
| Debt/Equity | 0.63 |
| RoNW | 18.92% |
| PAT Margin (%) | 4.86 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: all.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Check our SME IPO Guide 
Ashapura Logistics IPO is a SME IPO of 3,657,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .
The IPO opens on July 30, 2024, and closes on August 1, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ashapura Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Ashapura Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ashapura Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ashapura Logistics IPO opens on July 30, 2024 and closes on August 1, 2024.
Ashapura Logistics IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Ashapura Logistics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ashapura Logistics IPO will be done on Friday, August 2, 2024, and the allotted shares will be credited to your demat account by Monday, August 5, 2024. Check the Ashapura Logistics IPO allotment status.
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