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Ashapura Logistics IPO Soars with 14.80x Oversubscription on Day 2!

Ashapura Logistics' IPO reached a 14.80x subscription on Day 2, highlighting strong investor interest and confidence in the company's robust market position and growth potential.
Ashapura Logistics IPO Soars with 14.80x Oversubscription on Day 2!

Ashapura Logistics IPO has garnered significant attention during its IPO, with the subscription reaching 14.80 times the initial offering on Day 2. This level of demand underscores the strong investor interest and confidence in the company’s market position and potential for growth.

How to check Ashapura Logistics Limited IPO Subscription Status?

Steps to check Ashapura Logistics Limited IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the ‘Ashapura Logistics Limited IPO’ to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Ashapura Logistics IPO Allotment Status

The allotment date for the Ashapura Logistics IPO is set for August 2, 2024, with shares priced at a range of ₹136 to ₹144 per share and a face value of ₹ 10. The offering consists of lots of 1000 shares, with bids accepted for these lots or their multiples.

Ashapura Logistics IPO Subscription Status

Ashapura Logistics IPO experienced modest interest on Day 1, with the issue being subscribed 3.47 times. This initial response indicates cautious investor engagement and a tempered assessment of the company’s prospects within the logistics industry.

Ashapura Logistics Limited IPO Listing Date 

Ashapura Logistics IPO is expected to be listed on the NSE SME on August 6, 2024.

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