Ashapura Logistics IPO
Ashapura Logistics Ltd
₹1,36,000 /1000 sharesMinimum Investment
Ashapura Logistics IPO Listing Details
Listed On | Issue Price | Listing Price | Listing Gains |
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-- | ₹144.00 | ₹185.00 | ₹41.00 (28.47%) |
Ashapura Logistics IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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30 Jul ‘24 - 1 Aug ‘24 | ₹1,36,000 | 1,000 | ₹136 - ₹144 |
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).;
Managing director
Mr. Sujith Kurup
Parent organisation
Ashapura Logistics Ltd
Strengths & Financials of Ashapura Logistics
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
Application Details of Ashapura Logistics IPO
Apply as | Price band | Apply upto |
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Regular | ₹136 - 144 | ₹2 Lakh |
High Networth Individual | ₹136 - 144 | ₹2 - 5 Lakh |
For Ashapura Logistics IPO, eligible investors can apply as Regular.