Amiable Logistics was incorporated on December 02, 2002, as HSAM Clearing Services Private Limited. The company is in the business of providing services to importers and exporters for the smooth clearance of all kinds of imports and exports by air and sea as a clearing and forwarding agent and customs house broker. The services include import-export consultancy, international freight forwarding, recovery of all types of claims, including customs & insurance, warehousing, and transportation through air, road and sea.
| Bidding Dates |
|---|
| 02 Nov 2022 - 07 Nov 2022 |
| Subscription |
|---|
| 233.85x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,29,600 | 1 | 1 | 1600 | 539.2 K | ₹81 | 69.16 % | ₹43.7 M | RHP DOC |
Amiable Logistic IPO SUBSCRIPTION STATUS
07 Nov '22Amiable Logistic IPO overall subscription rate was 233.85 times the total available shares
Amiable Logistic IPO retail subscription rate was 281.68 times in the retail segment
Amiable Logistic IPO non-institutional investor subscription rate was 186.03 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
07 Nov 2022 (Day 4) | 281.68x | 186.03x | - |
04 Nov 2022 (Day 3) | 21.04x | 3.27x | - |
03 Nov 2022 (Day 2) | 9.09x | 1.68x | - |
02 Nov 2022 (Day 1) | 3.06x | 0.29x | - |
Amiable Logistic FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| Q2FY23 | 6.5 | 134.3 | -2.0 | -2.0 |
| FY22 | 4.8 | 170.4 | -1.7 | -1.6 |
| FY21 | 3.0 | 137.6 | 4.0 | 4.0 |
| FY20 | 2.1 | 158.2 | 11.2 | 8.1 |
Amiable Logistic IPO SUBSCRIPTION STATUS DETAILS
Amiable Logistic had 539.2 K shares on offer
Amiable Logistic IPO offer price was ₹81
Amiable Logistic IPO minimum Investment was ₹129600
Amiable Logistic IPO issue size was ₹ 43.7 M
Amiable Logistic had a minimum lot size of 1600 Shares per application
Amiable Logistic NUMBER OF SHARES ON OFFER
Amiable Logistic IPO IMPORTANT DATES
| Issue Open Date | 02 Nov 2022 |
| Issue close Date | 07 Nov 2022 |
| Allotment Date | 11 Nov 2022 |
| Refund Date | 14 Nov 2022 |
| Demat Account Credit Date | 15 Nov 2022 |
| Listing Date | 16 Nov 2022 |
| Listing on Exchange(s) | NSE |
| Amiable Logistic Allotment Status | Exchange |
Amiable Logistic IPO subscription opened on 02 Nov 2022, and closed on 07 Nov 2022
IPO allotment for Amiable Logistic was finalized on Friday, 11 Nov 2022
IPO listing for Amiable Logistic was on NSE on Wednesday, 16 Nov 2022
Amiable Logistic IPO LISTING GAINS
| Issue Price (adjusted) | 81.0 |
| Listing Open Price | 129.9 |
| Listing Close Price | 136.4 |
| Listing Gain% | 60.4% |
| Current Gain% | -9.9% |
Amiable Logistic Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amiable Logistic (India) Ltd. | 73 | 12.8 | 13.3 | 0.6 | 0.6 | 9.6 | 6.3 | 20.5 | -14.1 | 1 | 22.8 | 5.5 | 22.8 |
| Container Corporation of India Ltd. | 505.2 | 38480.7 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 476 | 35658.7 | 381.2 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 253.8 | 14855.4 | 87.8 | 3.1 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5117 | 12141.6 | 42.3 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 298 | 5213.1 | 19.5 | 0.9 | 1.6 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Amiable Logistic INFORMATION ON IPO ISSUE
About Amiable Logistic
Amiable Logistics was incorporated on December 02, 2002, as HSAM Clearing Services Private Limited. The company is in the business of providing services to importers and exporters for the smooth clearance of all kinds of imports and exports by air and sea as a clearing and forwarding agent and customs house broker. The services include import-export consultancy, international freight forwarding, recovery of all types of claims, including customs & insurance, warehousing, and transportation through air, road and sea.
Object of the Issue
- Funding working capital requirements
- General corporate purposes
Amiable Logistic - PROMOTERS
| Name |
|---|
| Lalit Lakhamshi Mange |
Amiable Logistic Lead Manager of the Issue
Sherni Shares Private Limited
shrenishares@gmail.com
Amiable Logistic Registrar to the Issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Amiable Logistic Strengths
Diversified revenue sources
The company's growing presence across several industry verticals has helped it to reduce its dependence on only one industry
Modern processes
The company has invested significant resources in technological capabilities and has developed a scalable technology system
Team of professionals
The promoter has been engaged in the business of transport and logistics for around two decades, which gives them the advantage of developing high contacts, immense knowledge of the industry and thus better decision power
Infrastructural strength
The company is the preferred clearing and forwarding agent for leading importers and exporters because of its extensive and well-established infrastructure
Legal proceedings
The company is involved in certain legal proceedings which are pending at different levels of adjudication before various courts, tribunals, enquiry officers, and appellate authorities
Dependent on logistic industry
The company's growth and financial results may be affected by factors affecting the logistics industry in India
Amiable Logistic Risks
Faces competition
The company faces competition from several other international and domestic third-party logistics companies. This may adversely affect the market position and business
IPO FAQs
The promoter of the company is Lalit Lakhamshi Mange.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 81.0 - 81.0.
The IPO application opens on Nov 02, 2022 and closes on Nov 07, 2022.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 129,600.0, the maximum value for this IPO is Rs 129,600.0.
This IPO will be allotted on Nov 11, 2022.
The refund will be credited to your account on Nov 14, 2022.
The allotted shares will be credited to your demat on Nov 15, 2022.
Amiable Logistics Ltd.’s shares listed on the stock exchanges on Nov 16, 2022.