Ashapura Logistics was incorporated on April 2, 2002. It is an integrated logistics company in India, primarily operating in the cargo handling and freight forwarding segment, transportation, warehousing, distribution, and other services.
| Bidding Dates |
|---|
| 30 Jul 2024 - 01 Aug 2024 |
| Subscription |
|---|
| 172.89x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,36,000 | 1 | 1 | 1000 | 3.7 M | ₹136 - ₹144 | 67.51 % | ₹497.4 M - ₹526.6 M | RHP DOC |
Ashapura Logistics IPO SUBSCRIPTION STATUS
01 Aug '24Ashapura Logistics IPO overall subscription rate was 172.89 times the total available shares
Ashapura Logistics IPO retail subscription rate was 231.41 times in the retail segment
Ashapura Logistics IPO non-institutional investor subscription rate was 385.26 times in the non-institutional investor category
Ashapura Logistics IPO Qualified Institutional Bidder subscription rate was 68.21 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
01 Aug 2024 (Day 3) | 231.41x | 385.26x | 68.21x |
31 Jul 2024 (Day 2) | 34.49x | 13.38x | 1.43x |
30 Jul 2024 (Day 1) | 7.68x | 2.55x | 0.8x |
Ashapura Logistics 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) | Margins |
| FY24 | 123.5 | 1990.1 | 59.9 | -37.2 | 13.2% |
| FY23 | 94.7 | 2218.2 | 155.7 | 123.4 | 10.0% |
| FY22 | 78.8 | 2269.7 | 211.5 | -256.9 | 9.2% |
Ashapura Logistics IPO SUBSCRIPTION STATUS DETAILS
Ashapura Logistics had 3.7 M shares on offer
Ashapura Logistics IPO offer price was in the range ₹136 - ₹144
Ashapura Logistics IPO minimum Investment was ₹136000
Ashapura Logistics IPO issue size was ₹ 497.4 M - ₹ 526.6 M
Ashapura Logistics had a minimum lot size of 1000 Shares per application
Ashapura Logistics NUMBER OF SHARES ON OFFER
Ashapura Logistics IPO IMPORTANT DATES
| Issue Open Date | 30 Jul 2024 |
| Issue close Date | 01 Aug 2024 |
| Allotment Date | 02 Aug 2024 |
| Refund Date | 05 Aug 2024 |
| Demat Account Credit Date | 05 Aug 2024 |
| Listing Date | 06 Aug 2024 |
| Listing on Exchange(s) | NSE |
| Ashapura Logistics Allotment Status | Exchange |
Ashapura Logistics IPO subscription opened on 30 Jul 2024, and closed on 01 Aug 2024
IPO allotment for Ashapura Logistics was finalized on Friday, 02 Aug 2024
IPO listing for Ashapura Logistics was on NSE on Tuesday, 06 Aug 2024
Ashapura Logistics IPO LISTING GAINS
| Issue Price (adjusted) | 144.0 |
| Listing Open Price | 185.0 |
| Listing Close Price | 175.8 |
| Listing Gain% | 28.5% |
| Current Gain% | -59.1% |
Ashapura Logistics 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ashapura Logistics Ltd. | 59 | 79.9 | 8.9 | -0.3 | 0.3 | 6.5 | 3.6 | 319.3 | 37.3 | 9 | -26.6 | 6.7 | -26.6 |
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Ashapura Logistics INFORMATION ON IPO ISSUE
About Ashapura Logistics
Ashapura Logistics was incorporated on April 2, 2002. It is an integrated logistics company in India, primarily operating in the cargo handling and freight forwarding segment, transportation, warehousing, distribution, and other services.
Object of the Issue
- Funding capital expenditure requirements for the purchase of trucks and ancillary equipment
- Construction of warehouses at our facilities located in Mundra, Gujarat
- Funding the incremental working capital requirements
- General corporate purposes
Ashapura Logistics - PROMOTERS
| Name |
|---|
| Sujith Chandrasekhar Kurup |
| Chitra Sujith Kurup |
Ashapura Logistics Lead Manager of the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Ashapura Logistics Registrar to the issue
KFin Technologies Limited
all.ipo@kfintech.com
Ashapura Logistics Strengths
Asset-based business model
The company relies on an ‘asset-based’ business model wherein the assets necessary for providing quality services to the customers, such as commercial vehicles and containers, are either owned or provided by a network of the business partners on a lease basis
Relationships with existing clientele
The company believes that its reputation for completing assignments in a timely manner and its focus on quality have helped build strong relationships with its clients
Ashapura Logistics Risks
Dependent on few suppliers
The company is dependent on a few suppliers for the purchase of products and services. The loss of any of these large suppliers may affect its business operations
Geographically concentrated
The majority of its revenues are generated from the state of Gujarat. Any adverse development affecting operations in this region could have an adverse impact on the business, financial condition, and results of operations
Escalations in fuel prices
The company relies heavily on revenue from operations in the transportation segment. Escalations in fuel costs will affect the company's transportation expenditures
IPO FAQs
The promoters of the company are Sujith Chandrasekhar Kurup and Chitra Sujith Kurup.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 136.0 - 144.0.
The IPO application opens on Jul 30, 2024 and closes on Aug 01, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 136,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Aug 02, 2024.
The refund will be credited to your account on Aug 05, 2024.
The allotted shares will be credited to your demat on Aug 05, 2024.
Ashapura Logistics Ltd.’s shares listed on the stock exchanges on Aug 06, 2024.