Issue Price
₹144
Per Share
GMP
NIL
Grey Market
Est. Listing
₹144
Expected Price
Min. Application
₹288,000
2 lots × 1000 shares
Incorporated in 2009, Ashapura Logistics Limited is an Indian logistics company. They specialize inHandling cargo and forwarding freightTransportation, including project logistics and third-party logistics ("3PL")Warehousing and distributionOther services, including coastal movement.The company offers unique logistics solutions through its: (a) nationwide presence, (b) comprehensive service offerings, (c) emphasis on enhancing service with technology, and (d) extensive vehicle fleet network.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.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.As of March 31, 2024, the company has 250 commercial trucks in its fleet, with 181 owned by the subsidiary and 69 owned directly by the company.As of July 2024, the company manages and operates 7 warehouses with a total storage capacity of approximately 284,000 square feet.As of June 30, 2024, Ashapura Logistics Limited employed over 219 people, including more than 111 in Operations and Transportation.
Ashapura Logistics Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 183,000 | — | ₹2.64 Cr | — |
| TOTAL | 3,657,000 | 100.00% | ₹52.66 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹144,000 |
| Retail (Max) | 13 | 13,000 | ₹1,872,000 |
| sNII (Min) | 14 | 14,000 | ₹2,016,000 |
| bNII (Min) | 68 | 68,000 | ₹9,792,000 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 19934.57 | 22260.31 | 22713.84 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 1235.44 | 946.98 | 788.26 |
| Net Worth | 6532.31 | 4796.60 | 3852.04 |
| Total Assets | 12644.88 | 10461.66 | 11568.76 |
| Reserves & Surplus | 5542.40 | 4759.80 | 3815.32 |
| Total Borrowings | 12.90 | 9.87 | 8.17 |