Ashapura Logistics Limited (NSE SME)
Jul 30, 2024 - Aug 1, 2024
| Price | ₹136 - ₹144 |
| Premium | ₹80 |
|---|---|
| Lot size | 1000 |
| Allotment | Aug 2, 2024 |
| Listing | Aug 6, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 144000 | 1216 |
| HNI | 2 | 2000 | 288000 | 522 |
Last updated on 01-Aug-2024 18:33:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 696000 | 89248000 | 128.23 |
| NIB | 522000 | 151235000 | 289.72 |
| RETAIL | 1216000 | 211961000 | 174.31 |
| Total | 2434000 | 452444000 | 185.88 |
| Retail Apps | 211961 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹56.01 | @8% ₹64.01 | @9% ₹72.01 | @10% ₹80.01 | @11% ₹88.01 | @12% ₹96.01 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.25% | 1216000 |
| NII (HNI) | 14.27% | 522000 |
| Anchor | 28.44% | 1040000 |
| QIB | 19.03% | 696000 |
| Market Maker | 5.00% | 183000 |
| Total | 100.00% | 3657000 |
Ashapura Logistics IPO Details
| Issue Size | 3,657,000 shares (aggregating up to ₹52.66 Cr) |
| Fresh Issue | 3,657,000 shares (aggregating up to ₹52.66 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,899,121 |
| Share holding post issue | 13,556,121 |
| Market Maker portion | 183,000 shares Spread X Securities |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 21.82% | 21.84% | 22.61% |
| ROCE | 20.69% | 18.68% | 18.49% |
| RONW | 18.92% | 19.69% | 20.29% |
| D/E | 0.63 | 0.73 | 1.11 |
| EPS (basic) | 12.9 | 9.87 | 8.17 |
| P/E Pre IPO | 11.54 | ||
| P/E Post IPO | 15.8 |
Company Financials
Ashapura Logistics Limited Financial Information (Restated Consolidated)
Ashapura Logistics Limited's revenue decreased by -10.45% and profit after tax (PAT) rose by 30.46% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|
| Assets | 12,644.88 | 10,461.66 | 11,568.76 |
| Revenue | 19,934.57 | 22,260.31 | 22,713.84 |
| Profit | 1,235.44 | 946.98 | 788.26 |
| Net Worth | 6,532.31 | 4,796.60 | 3,852.04 |
| Reserves | 5,542.40 | 4,759.80 | 3,815.32 |
| Borrowing | 12.90 | 9.87 | 8.17 |
| Amount in ₹ Lakhs | |||
About Company
Incorporated in 2009, Ashapura Logistics Limited is a prominent Indian logistics company specializing in cargo handling, freight forwarding, transportation, project logistics, third-party logistics (3PL), warehousing, distribution, and coastal movement. The company leverages its nationwide presence, comprehensive service offerings, technological enhancements, and extensive vehicle fleet network to provide unique logistics solutions. Certified with ISO 9001:2015, Ashapura Logistics excels in customs clearance, freight forwarding, supply chain management, warehousing, distribution, surface transportation, cargo handling, and 3PL services. The freight forwarding team operates from Ahmedabad, with branches at major sea ports including Hazira, Mundra, Pipavav, Kandla, JNPT, and other ICDs, offering freight forwarding and CHA services to their clients. As of March 31, 2024, the company's fleet includes 250 commercial trucks, with 181 owned by its subsidiary and 69 directly by the company. By July 2024, the company managed 7 warehouses totaling approximately 284,000 square feet of storage capacity. As of June 30, 2024, Ashapura Logistics employed over 219 individuals, with more than 111 in operations and transportation.
Beeline Capital Advisors Pvt Ltd
Scaled and Integrated Operations: Ashapura Logistics Limited boasts scaled and integrated logistics operations, enhancing service efficiency and reach.
Asset-Based Business Model: The Company’s asset-based business model leads to higher operational efficiencies and reliability.
Resource Optimization: Ashapura Logistics ensures optimal utilization of resources, maximizing productivity and cost-effectiveness.
Regulatory Compliance: Failure to obtain, renew, or maintain necessary statutory and regulatory licenses, permits, and approvals could materially adversely affect Ashapura Logistics' operations.
Record-Keeping Issues: The Company has been unable to trace certain historical secretarial filings and records, potentially leading to compliance and governance issues.
Equity Share Discrepancy: The average cost of equity shares acquired by promoters may be lower than the issue price, which could raise concerns among investors.
Kfin Technologies Limited
Phone: 04067162222, 04079611000
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