Ashapura Logistics IPO starts on July 30, 2024 the bid offer will be closed on August 1, 2024. The share allotment date is on August 2, 2024 & listing date is August 6, 2024.
Ashapura Logistics IPO is a Book-Built Issue IPO, It plans to raise ₹52.66 crore with a fresh issue of 36 lakh shares. The IPO size is 2000 shares per lot, and the share price band is set at ₹136 to ₹144 per share. Ashapura Logistics’s IPO face value is ₹10 per share.
Table of Contents
Ashapura Logistics Limited Company Overview
Ashapura Logistics Ltd is an Ahmadabad-based SME logistics company formerly known as Ashapura Forwarder Limited. It was founded in 2002; now it has a strong worldwide network in imports, exports, customs clearance, transportation and warehousing.
Ashapura Logistics operates three subsidiary companies: Jai Ambe Transmovers Private Limited, Ashapura Warehousing Private Limited, and Amanzi International Private Limited. The company has seven offices located in various cities across India, including Ahmedabad, Bangalore, Chennai, Mumbai, Mundra, Pipavav, and Surat.
Ashapura Logistics IPO Details
All important information about Ashapura Logistics IPO is given below.
| IPO Date | July 30, 2024, to August 1, 2024 |
| Listing Date | August 6, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹136 to ₹144 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 3,657,000 shares (aggregating up to ₹52.66 Cr) |
| Fresh Issue | 3,657,000 shares (aggregating up to ₹52.66 Cr) |
| Overall Subscription | [.] |
| 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 |
Today’s GMP for Ashapura Logistics IPO
The last updated Grey Market Premium (GMP) for the Ashapura Logistics IPO is ₹54. The offering price for the Rajputana IPO is between ₹136 to ₹144 per share, combining the cap price with today’s GMP. The following table displays the trend of the Ashapura Logistics Limited IPO’s GMP over the past few days.
The expected listing share price range of Ashapura Logistics IPO is ₹200.
| GMP Date | IPO Price | GMP Price |
| August 2, 2024 | ₹146-₹144 | ₹57 |
| August 1, 2024 | ₹136-₹144 | ₹56 |
| July 30, 2024 | ₹136-₹144 | ₹54 |
| July 29, 2024 | ₹136-₹144 | ₹60 |
| July 28, 2024 | ₹136 to ₹144 | ₹50 |
| July 27, 2024 | ₹136 to ₹144 | ₹50 |
| July 26, 2024 | ₹136 to ₹144 | ₹55 |
Ashapura Logistics IPO Review
Ashapura Logistics Limited is a profitable logistics company FY24 revenue is ₹199 crore with very low debt of ₹12.90 lakh in FY24.
Ashapura Logistics IPO Promoter Holding
| Share Holding Pre Issue | 92.45% |
| Share Holding Post Issue | 67.51% |
Ashapura Logistics Limited IPO Important Dates
All the important dates regarding the Ashapura Logistics IPO are mentioned below. Mark them on your calendar so you don’t miss any events. Ashapura Logistics Limited IPO’s opening date is Wednesday, July 30, 2024 and the offer will close on August 1, 2024.
| IPO Event | Date |
| IPO Open Date | July 30, 2024 |
| IPO Close Date | August 1, 2024 |
| Finalization of Basis of Allotment | August 2, 2024 |
| Initiation of Refunds to non-allottees | August 5, 2024 |
| Credit of Shares to Demat | August 5, 2024 |
| Listing Date | August 6, 2024 |
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Ashapura Logistics IPO Lot Size, Investor Category
Ashapura Logistics IPO lot size is 1000 share per lot and it price is ₹1,44,000 per lot. The minimum investment size for Retail investors is 1 lot and maximum investment is 1 lot. For HNI investors, the minimum investment is 2 lots, and the maximum investment is 4 lots.
| Application | Lot | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹1,44,000 |
| Retail (Max) | 1 | 1000 | ₹1,44,000 |
| HNI (Min) | 2 | 2000 | ₹2,88,000 |
| HNI (Max) | 4 | 4000 | 5,76,000 |
Ashapura IPO allocation is divided as follows: 50% for Qualified Institutional Buyers (QIBs), 50% for retail investors, and 15% for High Net Worth Individuals (HNIs).
| Investor Category | Allocation (% of Issue Size) |
| QIBs | 50% of the Net Issue |
| Retail | 50% of the Net Issue |
| HNI / NII | 15% of the Net Issue |
Ashapura Logistics Limited Financial Statement
In FY24, Ashapura Logistics Limited’s assets increased to ₹126 crore from ₹104.61 crore in FY23, reflecting growth in the company’s financial statement. The financial report of the company show positive side for investment.
| Particulars | FY24 | FY23 |
| Assets | ₹126 crore | ₹104.61 crore |
| Revenue | ₹199 crore | ₹222.60 crore |
| Profit After Tax | ₹12.35 crore | ₹9.4 crore |
| Net Worth | ₹65.32 crore | ₹48 crore |
| Reserves and Surplus | ₹55.42 crore | ₹47.6 crore |
| Total Borrowing | ₹12.90 lakh | ₹9.87 lakh |
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 |
Ashapura Logistics Limited Contact Details
B-902 Shapath Hexa
Opp. High Court, S.G. Highway
Sola, Ahmedabad, 380060,
Phone: +91-7966111150
Email: [email protected]
FAQs
1. What is the Ashapura Logistics Limited IPO’s GMP price?
The current GMP price of the Ashapura Logistics IPO is ₹50.
2. On which exchange will the Ashapura Logistics IPO be listed?
Ashapura Logistics Limited’s IPO will be listed on the NSE SME.
3. When is the allotment date for Ashapura Logistics Ltd IPO?
The allotment date of Ashapura Logistics IPO is August 2, 2024.
4. What are the opening and closing dates of the IPO?
Ashapura IPO will open on July 30, 2024 & close on August 1, 2024.
5. When is the listing date for the Ashapura Logistics Limited IPO?
Ashapura Logistics Limited’s IPO listing date is August 6, 2024.
Conclusion
Ashapura Logistics Limited is a profitable logistics company with very low debt ₹12.90 lakh in FY24. It will be listed on NSE SME on August 6, 2024. According to the company’s financial report, the fundamentals of this IPO are very good for investment. All the information related to the IPO is accurate and taken from the company’s filed DRHP (Draft Red Herring Prospectus). For updates on the listing price and GMP (Grey Market Premium) of Ashapura Logistics IPO, stay tuned to this page.
To get more information and regular updates on the Ashapura Logistics Limited IPO, keep in touch with The Invest Advisory.