Ashapura Logistics Limited is launching an IPO with a fresh issue of 36,57,000 shares worth INR 52.66 crores. The company aims to fund trucks, equipment, construction of warehouses, working capital needs, and general corporate purposes.
Ashapura Logistics IPO – Important Dates
| Ashapura Logistics Limited IPO Date | July 30, 2024 to August 1, 2024 |
| Ashapura Logistics Limited IPO Listing Date | August 6, 2024 |
| Ashapura Logistics Limited IPO Price | INR 136-144 per share |
| Ashapura Logistics Limited IPO Lot Size | 1000 shares |
| Ashapura Logistics Limited IPO Total Issue Size | INR 52.66 crores |
| Ashapura Logistics Limited IPO Basis of Allotment | August 2, 2024 |
| Ashapura Logistics Limited IPO Initiation of Refunds | August 5, 2024 |
| Ashapura Logistics Limited IPO Credit of Shares to Demat | August 5, 2024 |
| Ashapura Logistics Limited IPO Issue Type | Book Built Issue IPO |
| Ashapura Logistics Limited IPO Listing At | NSE SME |
Ashapura Logistics Limited IPO – Company Profile
Ashapura Logistics Limited is an integrated logistics company in India that offers cargo handling, transportation, warehousing, and coastal movement services. With 20 years of experience and a pan-India presence, the company provides technology-driven, quality logistics solutions.
Relying on an asset-based model with owned and leased vehicles, warehouses, and containers, the company utilizes technology to provide scalable, customized logistics solutions across India, supported by Jai Ambe’s extensive fleet.
Their revenue stems from four verticals: cargo handling, transportation, warehousing and distribution, and coastal movement. With centralized freight forwarding in Ahmedabad, they operate strategically at key seaports and ICDs across India.
Ashapura Logistics IPO Fundamental Analysis
Ashapura Logistics Limited Technologies’ financial analysis reveals a mixed performance. Revenue has decreased over the past years. Equity grew, profitability and EPS improved, RoNW declined, and total assets increased, indicating business growth but liquidity challenges.
- Revenue Trend: The revenue decreased from ₹22,696.53 lakhs in March 2022 to ₹22,181.65 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 19,900.91 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has significantly increased from ₹788.26 lakhs in March 2022 to ₹1,235.44 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹8.17 in March 2022 to ₹12.90 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 20.29% to 18.92%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
Ashapura Logistics IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 22,696.53 | 22,181.65 | 19,900.91 |
| Equity (₹ in lakhs) | 3,852.12 | 4,790.6 | 6,532.31 |
| Expenses (₹ in lakhs) | 21,689.95 | 20,998.50 | 18,272.09 |
| Profit and Loss After Tax (₹ in lakhs) | 788.26 | 946.98 | 1,235.44 |
| Diluted EPS only (₹) | 8.17 | 9.87 | 12.90 |
| Return on Net Worth (%) | 20.29 | 19.69 | 18.92 |
| NAV per Equity Share (₹) | 40.26 | 50.13 | 65.99 |
| Total Assets (in lakhs) | 11,568.76 | 10,461.66 | 12,644.88 |
| Total Liabilities (in lakhs) | 7,716.64 | 5,671.06 | 6,112.57 |
| Current Ratio (in times) | 1.22 | 1.43 | 1.79 |
Ashapura Logistics Limited IPO Peer Comparison
Ashapura Logistics Limited’s revenue and profitability show moderate growth. S J Logistics (India) Limited exhibits strong standalone and consolidated performance, with significantly higher earnings per share and return on net worth, indicating robust financial health.
| Company | Type of Financial | Revenue from Operations(₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Ashapura Logistics Limited | Consolidated | 19,900.91 | 10 | NA | 12.90 | 18.92 | 65.99 |
| S J Logistics (India) Limited | Standalone | 14,871.41 | 10 | 50.80 | 8.92 | 10.85 | 64.12 |
| S J Logistics (India) Limited | Consolidated | 27,086.02 | 10 | 22.62 | 20.03 | 20.18 | 77.36 |
Ashapura Logistics IPO Objective
The main objective of Ashapura Logistics Limited is to fund the purchase of trucks and equipment, construct warehouses in Mundra and Gujarat, and meet the incremental working capital requirements.
- Purchase of vehicles and equipment: The company intends to use INR 15.02 crores to acquire 30 commercial trucks and ancillary equipment. This investment aims to enhance logistics capacity, efficiency, and service levels and align with environmental sustainability goals.
- Capital Expenditure for warehouse construction: The company plans to use INR 16.40 crores to construct a 65,000-square-foot warehouse at Mundra Port. This expansion aims to support growing business operations and meet increasing client warehousing demands.
- To meet working capital requirements, the company will utilize INR 6.00 crores from the Net Proceeds of the Issue to meet its estimated Net Working Capital requirement of INR 82.89 crores for FY 2024-25, with the balance funded through borrowings and internal accruals.
- General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including acquiring land, hiring resources, strategic alliances, funding growth, servicing debt, capital expenditures, working capital, and other operational needs.
Ashapura Logistics IPO Risks And Challenges
Ashapura Logistics Limited’s risk includes potential disruptions and increased costs from stringent regulations and delays in obtaining or renewing necessary licenses, approvals, and permits, which could adversely impact operations, business, and financial conditions.
- The company must obtain and renew various licenses, approvals, and permits. Stringent regulations may lead to increased compliance costs and potential delays, affecting operations. Failure to comply could result in penalties and operational constraints.
- They must obtain and renew various licenses and permits under central, state, and local rules. Failure to secure or renew these approvals could disrupt operations and adversely affect their business and financial condition.
- Although they obtained a Custom House Broker License on June 12, 2024, they have arranged with M/s. Transmarine Corporations, a related party, has handled customs clearance services for cargo at Customs Stations until now.
Ashapura Logistics IPO – Industry & Market Potential
The Indian logistics industry is rapidly growing due to e-commerce and tech advancements, accounting for 14.4% of GDP. It was valued at $250 billion in 2021 and is expected to reach $380 billion by 2025, driven by increased efficiency and reduced costs.
The Indian warehousing market, projected to reach $34.99 billion by 2027, is expanding rapidly at a CAGR of 15.64%. The sector is driven by e-commerce, 3PL, and technology, with Grade A warehouses growing significantly.
The Indian warehousing and logistics sector is expanding rapidly due to e-commerce growth and government infrastructure improvements. With increased technology adoption and 100% foreign direct investment allowed, it presents significant opportunities for long-term investment and development.
Ashapura Logistics Limited IPO – Type of Offer
Ashapura Logistics Limited is launching an IPO with a fresh issue of 36,57,000 shares worth INR 52.66 crores. The company aims to fund trucks, equipment, warehouses, working capital needs, and general corporate purposes.
Ashapura Logistics SME IPO Offer Size
The offer size of Ashapura Logistics Limited is INR 52.66 crores, consisting of a fresh issue of 36,57,000 shares. The company seeks funds to fund trucks, equipment, warehouses, working capital needs, and general corporate purposes.
Ashapura Logistics Limited IPO Allotment Structure
Ashapura Logistics Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 183,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 183,000 shares, are reserved for marker makers.
How to apply for an Ashapura Logistics Limited IPO?
To apply for the Ashapura Logistics Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once the account is active, you can check for the Ashapura Logistics Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Ashapura Logistics Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Ashapura Logistics Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Ashapura Logistics Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Ashapura Logistics Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Ashapura Logistics Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Ashapura Logistics Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Ashapura Logistics Limited Ltd IPO Offer Registrar
The registrar for the Ashapura Logistics Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32,
Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad-500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
Ashapura Logistics Limited Limited IPO – FAQs
1. What is Ashapura Logistics Limited’s allotment date?
The allotment date of the Ashapura Logistics Limited IPO is August 2, 2024.
2. What is the price band of the Ashapura Logistics Limited IPO?
The price band of the issue is INR 136-144 per share.
3. What is the size of the Ashapura Logistics Limited IPO?
The offer size of Ashapura Logistics Limited is INR 52.66 crores, consisting of a fresh issue of 36,57,000 shares. The company seeks funds to fund trucks, equipment, warehouses, working capital needs, and general corporate purposes.
4. What is the listing date of the Ashapura Logistics Limited IPO?
The listing date of Ashapura Logistics Limited’s IPO is August 6, 2024.
