Ashapura Logistics Limited IPO Details

Ashapura Logistics Limited IPO

About Ashapura Logistics Limited

Ashapura Logistics is a comprehensive logistics provider operating across various sectors, including cargo handling and freight forwarding, transportation (encompassing project logistics and third-party logistics, or 3PL), warehousing and distribution, and additional services like coastal movement.

Subsidiaries

1. Jai Ambe Transmovers Private Limited: Offers transportation services with a substantial fleet of commercial vehicles.
2. Ashapura Warehousing Private Limited: Specializes in warehousing and distribution.
3. Amanzi International Private Limited: Provides logistics solutions.

Services Offered

In the cargo handling and freight forwarding vertical, Ashapura Logistics manages processes such as loading and unloading of goods, securing custom clearances, and stuffing and unstuffing goods into containers. The company handles various types of cargo, including bulk, containerized, and over-dimensional cargo (ODC).

Company Overview

Incorporated in 2009, Ashapura Logistics Limited is an Indian logistics company specializing in:

• Handling cargo and forwarding freight
• Transportation, including project logistics and third-party logistics (3PL)
• Warehousing and distribution
• Coastal movement

Key Features

1. Nationwide Presence: Extensive reach across India.
2. Comprehensive Service Offerings: A wide range of logistics solutions.
3. Technology Integration: Emphasis on enhancing service with technology.
4. Extensive Vehicle Fleet Network: A large fleet of vehicles for transportation.

The company is certified with ISO 9001:2015 for providing customs clearance, freight forwarding, supply chain management, warehousing, distribution, surface transportation, cargo handling, and 3PL services.

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Operations

The freight forwarding team is based in Ahmedabad, with branches at sea ports like Hazira, Mundra, Pipavav, Kandla, JNPT, and other ICDs. They provide freight forwarding and CHA services to existing customers.

• Fleet Size: As of March 31, 2024, the company has 250 commercial trucks, with 181 owned by the subsidiary and 69 owned directly by the company.
• Warehousing: As of July 2024, the company manages 7 warehouses with a total storage capacity of approximately 284,000 square feet.
• Employees: As of June 30, 2024, Ashapura Logistics Limited employs over 219 people, including more than 111 in Operations and Transportation.

IPO Details

Ashapura Logistics IPO is a book-built issue of ₹52.66 crores. The issue is entirely a fresh issue of 36.57 lakh shares.

• Subscription Period: Opens on July 30, 2024, and closes on August 1, 2024.
• Allotment Date: Expected to be finalized on August 2, 2024.
• Listing Date: Tentatively set for August 6, 2024, on NSE SME.
• Price Band: ₹136 to ₹144 per share.
• Minimum Lot Size: 1,000 shares.
  • Retail Investors: Minimum investment of ₹144,000.
  • HNI Investors: Minimum investment of 2 lots (2,000 shares) amounting to ₹288,000.

Key Stakeholders

• Book Running Lead Manager: Beeline Capital Advisors Pvt Ltd.
• Registrar: Kfin Technologies Limited.
• Market Maker: Spread X Securities.

For detailed information, refer to the Ashapura Logistics IPO RHP.

Financial Information

Ashapura Logistics Limited’s revenue decreased by 10.45%, while its profit after tax (PAT) increased by 30.46% between the financial years ending March 31, 2023, and March 31, 2024.

IPO Timeline

Ashapura Logistics IPO opens on July 30, 2024, and closes on August 1, 2024.

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