Ashapura Logistics Limited

Company Profile
Company Name Ashapura Logistics Limited
Open Date 30-07-2024
Close Date 01-08-2024
Exchange NSE SME
Lot Size 1000 Shares
Issue Price ₹136 to ₹144 per share
Issue Size 36,57,000 shares
Application Amount ₹1,44,000
Recommendation Apply
Company Background - Ashapura Logistics Limited, formerly Ashapura Forwarders Private Limited, was established in Ahmedabad, Gujarat on April 2, 2002, and have their registered office in Ahmedabad, Gujrat. Business Activities: The company is an integrated logistics company offering a comprehensive range of services: cargo handling and freight forwarding, transportation (including project logistics and 3PL), warehousing and distribution, and other services (previously including coastal movement). Revenue Streams: In the fiscal year ending March 31, 2024, transportation accounted for the largest share of revenue at 53.41%. Customer Base: Ashapura Logistics serves a diverse clientele across various industries, including automobile, west paper, textile, and steel. Notable customers include Ford India Private Limited, Piramal Glass Private Limited, TT Steel Services Private Limited, and JK Paper Limited. The company had 219 permanent employees as of June 30, 2024.
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Financial Summary in Lakhs

KPI’s FY 22 FY 23 FY 24
Revenue 22,696.53 22,181.65 19,900.91
EBITDA 2,116.60 2,231.29 2,644.69
Net Profit 788.25 946.98 1,235.44
RoCE 30.87% 28.55% 26.12%
ROE 20.24% 19.57% 18.79%
P/E 17.63 14.59 11.16

Tentative Timeline

Opening Date 30-07-2024
Closing Date 01-08-2024
Basis of Allotment 02-08-2024
Initiation of Refunds 05-08-2024
Credit of Shares to Demat 05-08-2024
Listing Date 06-08-2024

Objects of the Issue

The company's funding capital expenditure requirement is for the purchase of trucks (" Vehicles") and ancillary equipment ("Equipment").
Construction of warehouses at the facilities located at Mundra, Gujarat.
Funding the incremental working capital requirement of the company.
General Corporate Purposes.

Contact Information

Registered Office Ashapura Logistics Limited B-902 Shapath Hexa Opp. High Court, S.G. Highway Sola, Ahmedabad- 380060
Phone 079-66111150
Email cs.compliance@ashapura.in
Website https://ashapura.in/

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000
Email all.ipo@kfintech.com
Website https://kosmic.kfintech.com/ipostatus/

IPO Reservation

Anchor Investor Shares Offered 1,040,000 (28.44%)
Market Maker Shares Offered 183,000 (5.00%)
QIB Shares Offered 696,000 (19.03%)
NII (HNI) Shares Offered 522,000 (14.27%)
Retail Shares Offered 1,216,000 (33.25%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 92.45%
Share Holding Post Issue (Promoters) 67.51%

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