Ashapura Logistics Ltd
Price Range
₹136 - ₹144
Min. Quantity
1,000
Closes on
1 August 2024
Min. investment
₹1,44,000/1,000 Shares
Ashapura Logistics Ltd IPO Timeline
Ashapura Logistics Ltd was incorporated as Ashapura Forwarders Private Limited' at Ahmedabad, Gujarat as a Private Limited Company , pursuant to a Certificate of Incorporation dated April 02, 2002, issued by the Registrar of Companies, Gujarat. Thereafter, Company was converted into a Public Limited and the name of Company changed to Ashapura Forwarders Limited', pursuant to a fresh Certificate of Incorporation issued by the Registrar of Companies, Ahmedabad, on April 12, 2021. The Company name was further changed to Ashapura Logistics Limited', and fresh Certificate of Incorporation was issued by the Registrar of Companies, Ahmedabad, on January 02, 2023.
| Event | Date |
|---|---|
| Ashapura Logistics Ltd IPO Opening Date | 30 July 2024 |
| Ashapura Logistics Ltd IPO Closing Date | 1 August 2024 |
| Basis of Allotment | 2 August 2024 |
| Initiation of Refunds | 5 August 2024 |
| Credit of Shares to Demat | 5 August 2024 |
| Ashapura Logistics Ltd IPO Listing Date | 6 August 2024 |
Ashapura Logistics Ltd IPO Details
| Ashapura Logistics Ltd IPO Date | 30 July 2024 to 1 August 2024 |
| Ashapura Logistics Ltd IPO Face Value | ₹10 per share |
| Ashapura Logistics Ltd IPO Price | ₹136 to ₹144 per share |
| Ashapura Logistics Ltd IPO Lot Size | 1,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹52.66 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹52.66 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Sujith Chandrasekhar Kurup, Chitra Sujit Kurup |
Ashapura Logistics Ltd IPO Lot Size
The Ashapura Logistics Ltd IPO lot size is 1,000 shares. A retail-individual investor can apply for up to 1 lots (1,000 shares or ₹1,44,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,000 | ₹1,44,000 |
| Maximum | 1 | 1,000 | ₹1,44,000 |
- Strengths
- Risks
- Opportunities
- Scaled and integrated logistics operations.
- Asset-based business model resulting into higher efficiencies.
- Optimal Utilization of Resources.
- Long-standing relationships with its clients.
Company Financials
Ashapura Logistics Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 81.99 | 172.01 | 7.28 |
| 03-2022 | 86.49 | 147.81 | 5.85 |
| 03-2021 | 80.42 | 137.44 | 7.37 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Purchase of Vehicles and Equipment
- Construction of warehouse at its facilities located at
- Working Capital Requirements
- General Corporate Purposes^
Ashapura Logistics Ltd IPO Promoter Holding
| Pre Issue Share Holding | 25.21% |
| Post Issue Share Holding | 18.41% |
Ashapura Logistics Ltd IPO Subscription Status (Bidding Detail)
The Ashapura Logistics Ltd IPO is subscribed 172 times on 1 August 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 172 |
Ashapura Logistics Ltd IPO Prospectus
Ashapura Logistics Ltd IPO Listing Date
| Listing Date | 6 August 2024 |
| BSE Script | 92994 |
| NSE Symbol | ASHALOG |
| Listing In | NSE - SME |
| ISIN | INE0LAA01017 |
| IPO Price | ₹144 |
| Face Value | ₹10 |
Company Contact Information
B-902 Shapath Hexa Opp. High-Court S.G. Highways Sola,Ahmedabad-380060
Phone: 079-6611 1150
Email: cs.compliance@ashapura.in
Website: www.ashapura.in
Ashapura Logistics Ltd IPO Registrar
Ashapura Logistics Ltd IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
FAQ
What is the issue size of Ashapura Logistics Ltd IPO?
I have pre-applied for Ashapura Logistics Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.