Ashapura Logistics Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹144
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,44,000
Issue Size
₹52.66 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Ashapura Logistics Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
92.45%
Promoter Holding (Post-Issue)
67.51%
Issue Type
Book Building - SME
ISIN
INE0LAA01017
About the Company
Ashapura Logistics Limited is an integrated logistics company in India, primarily operating in (i) Cargo handling and freight forwarding segment; (ii) Transportation (including project logistics and third-party logistics ("3PL")); (iii) Warehousing and Distribution and (iv) other services (including coastal movement). The Company has pan-India operations through its network of 9 (Nine) branch offices as at the Date of Draft Red Herring Prospectus. With over 20 (Twenty) years of its operational experience since inception, the company provides differentiated logistics solutions with its: (a) pan-India presence, (b) integrated service offerings, (c) focus on improving service through technology, and (d) large network of vehicle fleet. The management has focused on providing quality services to its customers over decades of operations and thereby building credibility with its customer base, including its longstanding customers. The company is benefited from the extensive experience of its promoter Mr. Sujith Chandrasekhar Kurup, who is associated with the company since its incorporation and having experience of more than 25 (Twenty-Five) years in the Logistic Industry. Its Board of Directors, Key Managerial Personnel and Senior Management Personnel has also provided significant contribution in the growth of the company.
Industry Overview
The Company is an integrated logistics company in India, primarily operating in (i) Cargo handling and freight forwarding segment; (ii) Transportation (including project logistics and third-party logistics ("3PL"); (iii) Warehousing and Distribution and (iv) other services (including coastal movement). The Company operates in Logistic, Transportation and freight forwarding industry.
Company History
Ashapura Logistics Limited was incorporated as `Ashapura Forwarders Private Limited' at Ahmedabad, Gujarat as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated April 02, 2002, issued by the Registrar of Companies, Gujarat. Thereafter, the Company was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of the Shareholders held on April 01, 2021, and consequently the name of the Company was changed to `Ashapura Forwarders Limited', pursuant to a fresh certificate of incorporation issued by the Registrar of Companies, Ahmedabad, on April 12, 2021. The name of the company was further changed to `Ashapura Logistics Limited', pursuant to a special resolution passed in the extraordinary general meeting of the Shareholders held on December 08, 2022, and fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad, on January 02, 2023.
Products & Services
- Ashapura Logistics Limted is an integrated logistics company in India.
Growth Strategy
- Profitably fast-track growth in integrated logistic business.
- Further Strengthening of its Businesses.
- Maintaining edge over competitors.
- Expand its geographical footprint.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 3657000 equity shares of face value of Rs. 10/- each of Ashapura Logistics Limited ("Ashapura", "ALL" or the "Company" or the "Issuer") for cash at a price of Rs. 144/- per equity share including a share premium of Rs. 134/- per equity share (the "Issue Price") aggregating to Rs. 52.66 crores ("The Issue"), of which 183000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 144/- per equity share including a share premium of Rs. 134/- per equity share aggregating to Rs. 2.64 crores was reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 3474000 equity shares of face value of Rs. 10/- each at a price of Rs. 144/- per equity share including a share premium of Rs. 134/- per equity share aggregating to Rs. 50.02 crores is herein after referred to as the "Net Issue". The issue and the net issue constituted 26.98% and 25.63%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Scaled and integrated logistics operations.
- Asset-based business model resulting into higher efficiencies.
- Optimal Utilization of Resources.
- Long-standing relationships with its clients.
- In case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate its business it may have a material adverse effect on the company's business.
- At present, the Company has applied for certain licenses and approvals and some of the approvals are yet to be applied. Its business requires it to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect its business operations and some of the approvals are required to be transferred in the name of 'Ashapura Logistics Limited'.
- The company had over the years make arrangements with M/s. Transmarine Corporations (Partnership firm of its promoter/Related Party) to undertake the custom clearance.
- One of its Directors Sujith Chandrasekhar Kurup was disqualified under section 164 of the Companies Act, 2013, in the past for being director of M/s. Ansen & Kurupsen Logistics & Transportation Services Private Limited, which failed to file its Annual returns and Financial statements for a continuous period of 3 years.
- The Company is unable to trace certain filings pertaining to historical secretarial information, minutes of board and shareholders' meetings, copies of share transfer forms and certain records from the statutory registers.