Ashapura Logistics IPO

Ashapura Logistics Ltd

₹1,36,000 /1000 sharesMinimum Investment

Ashapura Logistics IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹144.00₹185.00₹41.00 (28.47%)

Ashapura Logistics IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Jul ‘24 - 1 Aug ‘24₹1,36,0001,000₹136 - ₹144
Issue SizeIPO Doc
52.66Cr
RHP PDF

About Ashapura Logistics

Ashapura Logistics is a logistics provider and operates in different sectors, including cargo handling and freight forwarding, transportation (which encompasses project logistics and third-party logistics, or (‘3PL’), warehousing and distribution, and additional services like coastal movement. Its subsidiaries include Jai Ambe Transmovers Private Limited, which offers transportation services with a substantial fleet of owned commercial vehicles, Ashapura Warehousing Private Limited, which offers warehousing and distribution, and Amanzi International Private Limited, which provides logistics solutions. In the cargo handling and freight forwarding vertical, Ashapura Logistics manages processes such as the loading and unloading of goods, securing custom clearances for cargo, and stuffing and unstuffing of goods into containers. The company handles different types of cargo, including bulk, containerised, and over-dimensional cargo (ODC).;
Founded in
2002
Managing director
Mr. Sujith Kurup
Parent organisation
Ashapura Logistics Ltd

Strengths & Financials of Ashapura Logistics

Strengths
Risks
Ashapura Logistics owns 60 containers of 40 TEUs and operates a network of seven strategically located warehouses across India, including in Gujarat, Maharashtra, Karnataka, and Tamil Nadu.
The company holds ISO 9001:2015 certification for a range of services, including customs clearance and consultation, freight forwarding, supply chain management, warehousing and distribution, surface transportation, cargo handling, and third-party logistics.
For FY22, FY23, and FY24, Ashapura Logistics and its subsidiaries served 508, 536, and 560 customers, respectively, across industries such as automobiles, waste paper, textiles, and steel. Clients include Ford India Private Limited, Piramal Glass Private Limited, TT Steel Services Private Limited, and JK Paper Limited.
The company's profit after tax (PAT) has shown a steady increase over the last few years, rising from Rs 7.88 crore in FY22 to Rs 9.47 crore in FY23 and reaching Rs 12.35 crore in FY24.
The company claims it has developed a software named IMPEX to enhance the efficiency of its operations and also offers customised solutions tailored to meet the specific needs of diverse industries and regions.

Ashapura Logistics Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Ashapura Logistics IPO

Apply asPrice bandApply upto
Regular136 - 144₹2 Lakh
High Networth Individual136 - 144₹2 - 5 Lakh
For Ashapura Logistics IPO, eligible investors can apply as Regular.
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 5.4.9
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  IDFC |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ

ABOUT GROWW