Ashwini Container Movers was incorporated on April 12, 2012. The company is a commercial cargo transporter operating mainly in Maharashtra and Gujarat, using a fleet of over 250 containerized trucks (20-feet and 40-feet) as of September 30, 2024. It primarily serves B2B clients moving bulk goods between factories and ports, offering reliable, GPS-enabled transportation services managed by experienced professionals and fully compliant with regulatory requirements
| Bidding Dates |
|---|
| 12 Dec 2025 - 16 Dec 2025 |
| Subscription |
|---|
| 1.66x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,70,000 | 2 | 2 | 1000 | 5.0 M | ₹135 - ₹142 | 66.67 % | ₹675.0 M - ₹710.0 M | RHP DOC |
Ashwini Container Movers IPO SUBSCRIPTION STATUS
16 Dec '25Ashwini Container Movers IPO overall subscription rate was 1.66 times the total available shares
Ashwini Container Movers IPO retail subscription rate was 1.53 times in the retail segment
Ashwini Container Movers IPO non-institutional investor subscription rate was 5.16 times in the non-institutional investor category
Ashwini Container Movers IPO Qualified Institutional Bidder subscription rate was 0.69 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
16 Dec 2025 (Day 3) | 1.53x | 5.16x | 0.69x |
15 Dec 2025 (Day 2) | 0.69x | 0.81x | - |
12 Dec 2025 (Day 1) | 0.38x | 0.27x | - |
Ashwini Container Movers FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 54.9 | 9.9 | 7.7 | -10.5 | 34.6% |
| FY25 | 94.1 | 11.5 | 19.9 | 2.0 | 26.4% |
| FY24 | 78.8 | 1.4 | 8.1 | -6.9 | 17.3% |
| FY23 | 76.9 | 2.1 | 10.3 | -10.1 | 15.8% |
Ashwini Container Movers IPO SUBSCRIPTION STATUS DETAILS
Ashwini Container Movers had 5.0 M shares on offer
Ashwini Container Movers IPO offer price was in the range ₹135 - ₹142
Ashwini Container Movers IPO minimum Investment was ₹270000
Ashwini Container Movers IPO issue size was ₹ 675.0 M - ₹ 710.0 M
Ashwini Container Movers had a minimum lot size of 1000 Shares per application
Ashwini Container Movers NUMBER OF SHARES ON OFFER
Ashwini Container Movers IPO IMPORTANT DATES
| Issue Open Date | 12 Dec 2025 |
| Issue close Date | 16 Dec 2025 |
| Allotment Date | 17 Dec 2025 |
| Refund Date | 18 Dec 2025 |
| Demat Account Credit Date | 18 Dec 2025 |
| Listing Date | 19 Dec 2025 |
| Listing on Exchange(s) | NSE |
| Ashwini Container Movers Allotment Status | Exchange/ Registrar |
Ashwini Container Movers IPO subscription opened on 12 Dec 2025, and closed on 16 Dec 2025
IPO allotment for Ashwini Container Movers was finalized on Wednesday, 17 Dec 2025
IPO listing for Ashwini Container Movers was on NSE on Friday, 19 Dec 2025
Ashwini Container Movers IPO LISTING GAINS
| Issue Price (adjusted) | 142.0 |
| Listing Open Price | 147.0 |
| Listing Close Price | 140.1 |
| Listing Gain% | 3.5% |
| Current Gain% | 33.1% |
Ashwini Container Movers 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ashwini Container Movers Ltd. | 189 | 283.5 | 20.2 | 0.9 | 2.2 | 15.3 | 8 | 130.3 | 35.7 | 14.1 | 22.8 | 9.4 | 22.8 |
| 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 |
Ashwini Container Movers INFORMATION ON IPO ISSUE
About Ashwini Container Movers
Ashwini Container Movers was incorporated on April 12, 2012. The company is a commercial cargo transporter operating mainly in Maharashtra and Gujarat, using a fleet of over 250 containerized trucks (20-feet and 40-feet) as of September 30, 2024. It primarily serves B2B clients moving bulk goods between factories and ports, offering reliable, GPS-enabled transportation services managed by experienced professionals and fully compliant with regulatory requirements
Object of the Issue
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company
- Funding capital expenditure requirement of the company towards purchase of trucks
- General corporate purposes
Ashwini Container Movers - PROMOTERS
| Name |
|---|
| Bhaskar Kisan Pawar |
| Govind Janabhau |
Ashwini Container Movers - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Bhaskar Kisan Pawar | Whole Time Director |
| Govind Janabhau Sable | Managing Director |
| Sainath Bhaskar Pawar | Whole Time Director & CEO |
| Kalpana Mogal Nikam | Independent Director |
| Keyur Atul Shah | Independent Director |
| Namrata Uday Jage | Independent Director |
Ashwini Container Movers Book Running Lead Manager
Corporate Professionals Capital Private Limited
ashwini.ipo@indiacp.com
Ashwini Container Movers Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Ashwini Container Movers Strengths
Diversified customer base
The company’s high-quality services have helped it maintain strong customer relationships, leading to long-term client retention and consistent demand. These established ties also give the company a competitive edge in acquiring new customers and expanding its business
Latest technology
The company’s fleet is equipped with advanced GPS, theft control systems, and fuel protection sensors, improving efficiency and safety. These technologies enhance service quality and position the company as a modern, tech-driven logistics provider
Robust network
The company’s strong and extensive network at JNPT and Hazira Port provides a major competitive edge by enabling efficient cargo handling and smooth logistics operations. This well-established presence ensures timely deliveries, seamless coordination with port authorities, and reliable service for diverse client needs
Ashwini Container Movers Risks
Depend on road network
The company’s operations depend heavily on India’s road network, making them vulnerable to disruptions caused by weather, accidents, political disturbances, or poor road conditions. Any delays or damage during transit especially for perishable goods can lead to financial losses, customer claims, and reputational impact
Driver profiling risks
The company’s logistics operations depend on qualified and reliable drivers, and weak driver profiling or poor driving behaviour can lead to accidents, compliance issues, or service disruptions. High turnover, unsafe practices, and penalties for violations increase operational and maintenance costs, ultimately affecting profitability
Traffic violations risks
The company’s cargo transport operations face risks from traffic violations and challans, which can increase costs and cause delivery delays. Repeated or unresolved violations may also harm its reputation and affect financial performance
IPO FAQs
The promoters of the company are Bhaskar Kisan Pawar and Govind Janabhau.
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 135.0 - 142.0.
The IPO application opens on Dec 12, 2025 and closes on Dec 16, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 270,000.0, the maximum value for this IPO is Rs 284,000.0.
This IPO will be allotted on Dec 17, 2025.
The refund will be credited to your account on Dec 18, 2025.
The allotted shares will be credited to your demat on Dec 18, 2025.
Ashwini Container Movers Ltd.’s shares listed on the stock exchanges on Dec 19, 2025.