August 6, 2024
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Ashapura Logistics IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Ashapura Logistics IPO listing Review
The listing has been at Rs. 185, 28.7% premium over the issue price. The listing has been very much below the expectations of the grey market.
Ashapura Logistics IPO allotment Link
What was the last grey market premium of Ashapura Logistics IPO?
GMP Rs. 80
Subscription status of Ashapura Logistics IPO
Ashapura Logistics IPO (Closed)Price Rs. 144 Lot 1100 shares, Rs. 35.05 Crore |
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| QIB | NII X | RII X | Total X | Applications |
| 128.23 | 289.33 | 174.21 | 185.75 | 2,11,837 (174.21x) |
| Amount wise bids recd. Rs.6510.53 Crore | ||||
| Note: strong trend on the last day | ||||
What is the business of Ashapura Logistics ?
Ashapura Logistics is a well-established integrated logistics company in India, operating primarily in several segments: cargo handling and freight forwarding, transportation (including project logistics and third-party logistics (“3PL”)), warehousing and distribution, and other services such as coastal movement. As of the Date of Red Herring Prospectus, it maintained a pan-India presence through a network of 9 branch offices.
With over 20 years of operational experience, it offers differentiated logistics solutions leveraging its extensive network of vehicle fleet, integrated service offerings, and a commitment to enhancing service through technology. The management, led by its promoter Mr. Sujith Chandrasekhar Kurup with over 25 years of experience in the logistics industry, has focused on delivering quality services and building long-term credibility with its customer base, including longstanding customers.
Its ‘asset-based’ business model ensures it maintain the necessary assets, such as commercial vehicles, containers, and warehouses, either owned or leased through its network of business partners. This approach supports its ability to consistently deliver quality services tailored to the customers’ needs.
The company cultivated enduring relationships with a diverse customer base across multiple industries, including automotive, paper, textiles, and steel. In the financial years ended 2024, 2023, and 2022, Ashapura Logistics and its subsidiaries served 560, 536, and 508 customers, respectively. Some of its notable clients include Ford India Private Limited, Piramal Glass Private Limited, TT Steel Services Private Limited, and JK Paper Limited. These partnerships underscore its reputation for reliability and service excellence in the logistics sector.
Get more information about the company @ https://ashapura.in/
Ashapura Logistics IPO Details |
|
| IPO opens on | 30 July 2024 |
| IPO closes on | 01 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3657000 Shares / Rs 52.66 Crore |
| * Fresh Issue | 365000 Shares / Rs 52.66 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 183000 Shares |
| Net offer to Public | 3474000 Shares/ Rs.50.03 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.136-144 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 1737000 | |
| HNI (15%) | 521100 | |
| RII (35%) | 1215900 | |
| Total Shares | 3474000 | |
| Retail portion will be oversubscribed by | ? | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.144000 |
| Min HNI Application | 2000 Shares | Rs.288000 |
Who are the Promoters of Ashapura Logistics IPO?
The Promoters of the company are Mr. Sujith Chandrasekhar Kurup and Mrs. Chitra Sujith Kurup.
What are the Objects of Ashapura Logistics IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are:
1.The company’s funding capital expenditure requirement is for the purchase of trucks and ancillary equipment.
2.Construction of warehouses at the facilities located at Mundra, Gujarat
3.Funding the incremental working capital requirement of the company
3.General Corporate Purposes
Tentative timetable |
|
| IPO opens on | 30 July 2024 |
| IPO Closes on | 01 August 2024 |
| IPO Allotment on | 02 Auguat 2024 |
| Refund Initiation | 05 August 2024 |
| Credit of Shares | 05 Augut 2024 |
| Listing on | 06 August 2024 |
| Registered Office of the Company Ashapura Logistics Limited B-902 Shapath Hexa Opp. High Court, S.G. Highway Sola, Ahmedabad- 380060, |
| Who is the Lead Manager of this IPO? Beeline Capital Advisors Pvt Ltd |
| Who is the Registrar to IPO? Kfin Technologies Limited |
Ashapura Logistics IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Cr | Rs. in Crore |
Rs. | % | |
| 2021-22 | 227.14 | 7.88 | 8.17 | 20.29 |
| 2022-23 | 222.60 | 9.47 | 9.87 | 19.69 |
| 2023-24 | 199.35 | 12.35 | 12.90 | 18.92 |
| Book Value of the Share on 31.03.2024 |
Rs | 65.99 | ||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. | 144 | 0 | |
IPO
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|
| Price/EPS of 23-24 | 11.16 |
| Price/BV Ratio | 2.18 |
| Price/BV after IPO | – |
How Ashapura Logistics IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Ashapura Ligistics | 10 | 199 | 11.16 |
| S.J. Ligistics | 10 | 271 | 22.62 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Ashapura Logistics IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Ashapura Logistics IPO Review
Ashapura Logistics is a well-established integrated logistics company in India, operating primarily in several segments: cargo handling and freight forwarding, transportation (including project logistics and third-party logistics (“3PL”)), warehousing and distribution, and other services such as coastal movement. As of the Date of Red Herring Prospectus, it maintained a pan-India presence through a network of 9 branch offices.
Size: The net size of the IPO is only Rs. 50.03 crore and HNI portion is Rs.7.50 crore and retail portion is only Rs. 17.51 crore. With 1216 applications, retail portion can get one time subscribed. So obtaining full subscription will be a smooth affair.
Financial Review: The company has shown strong trend in topline and the bottomline during last 3 years. The shares at upper price band are offered at reasonable valuation.
+ from fundamental angle: May apply
+ from grey market angle: ?
Quicklinks
Ashapura Logistics IPO GMP today allotment, review?
Ashapura Logistics IPO GMP grey market premium
Ashapura Logistics IPO FAQs
What is Ashapura Logistics IPO?
This is a SME IPO of 3657000 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.
When will Ashapura Logistics IPO subscription open?
Ashapura Logistics IPO opens on July 30, 2024, and closes on August 01, 2024.
What is the lot size of Ashapura Logistics IPO?
Ashapura Logistics IPO lot size is ? Shares, and the minimum amount required is Rs.?
How to apply for Ashapura Logistics IPO?
You can apply in this IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Ashapura Logistics IPO allotment?
The finalization of Basis of Allotment for Ashapura Logistics IPO will be done on 2 August, 2024, and the allotted shares will be credited to your demat account by August 05, 2024.
When is Ashapura Logistics IPO listing date?
Ashapura Logistics IPO listing date is August 06, 2024.
