December 7, 2025
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Ashwini Container Movers IPO
Ashwini Container Movers Ltd. is launching a book-built SME IPO of Rs. 71.00 crore, comprising an entirely fresh issue of 50,00,000 equity shares.
The IPO opens on December 12, 2025, and closes on December 16, 2025. The allotment is expected on December 17, 2025, and the listing is tentatively scheduled for December 19, 2025 on NSE SME.
The price band is Rs. 135 to Rs. 142 per share, and the lot size is 1,000 shares.
The minimum investment for retail investors is Rs. 2,84,000 (2,000 shares) and for HNI investors Rs. 4,26,000 (3,000 shares).
Lead Manager: Corporate Professionals Capital Pvt. Ltd.
Registrar: Bigshare Services Pvt. Ltd.
Market Maker: Not specified in RHP
🕗 Last Update: 7 December 2025, 6.00 AM
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IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | December 12, 2025 |
| IPO Close Date | December 16, 2025 |
| Allotment Date | December 17, 2025 |
| Refunds Initiation | December 18, 2025 |
| Credit to Demat | December 18, 2025 |
| Listing Date | December 19, 2025 |
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price Band | Rs. 135 to Rs. 142 per share |
| Lot Size | 1,000 shares |
| Sale Type | Fresh Issue |
| Total Issue Size | 50,00,000 shares (Rs. 71.00 Cr) |
| Market Maker Portion | 2,50,000 shares (Rs. 3.55 Cr) |
| Net Offer to Public | 47,50,000 shares (Rs. 67.45 Cr) |
| Issue Type | Book-Build IPO |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 1,00,00,000 shares |
| Shareholding Post-Issue | 1,50,00,000 shares |
Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 2,50,000 | 5.00% |
| QIB | 23,64,000 | 47.28% |
| NII (HNI) | 7,20,000 | 14.40% |
| Retail | 16,66,000 | 33.32% |
| Total | 50,00,000 | 100% |
Application Details
| Application | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min / Max) | 2 | 2,000 | Rs. 2,84,000 |
| S-HNI (Min) | 3 | 3,000 | Rs. 4,26,000 |
| S-HNI (Max) | 7 | 7,000 | Rs. 9,94,000 |
| B-HNI (Min) | 8 | 8,000 | Rs. 11,36,000 |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Pre-Issue | 100.00% |
| Post-Issue | 66.47% |
Promoters: Mr. Bhaskar Kisan Pawar and Mr. Govind Janabhau Sable
About Ashwini Container Movers Ltd.
Incorporated in 2012, Ashwini Container Movers is a cargo transportation and container logistics provider, operating primarily across Maharashtra and Gujarat.
As of September 30, 2024, the company owns and operates 250+ containerized trucks (20-ft & 40-ft), serving B2B clients for FCL, LCL, reefer, dry cargo and ODC movements.
The company also provides port-to-factory and factory-to-port logistics, catering to exporters, importers, and industrial clients.
Workforce includes 24 permanent drivers, 41 staff, and over 200 on-demand drivers.
Certifications include: ISO 9001, 14001, 45001, GDP compliance, CTPAT US compliance, FSSAI.
Competitive Strengths
-
50+ years of cumulative industry experience
-
250+ owned reefer & dry container vehicles
-
Real-time GPS-integrated fleet tracking
-
Customized logistics solutions
-
Strong client stickiness & long-term relationships
-
Safety-first operational approach
-
Multi-industry diversified clientele
Financial Snapshot (Rs. crore)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 88.65 | 78.31 | 66.11 | 47.08 |
| Total Income | 46.25 | 79.27 | 77.16 | 58.53 |
| PAT | 5.46 | 1.38 | 2.10 | 0.88 |
| Net Worth | 14.85 | 9.39 | 8.01 | 5.92 |
| Borrowings | 61.23 | 58.70 | 47.38 | 34.90 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 14.67% |
| ROCE | 12.37% |
| Debt/Equity | 6.25 |
| Price to Book | 0.39 |
| Pre-Issue EPS | Rs. 1.38 |
| Post-Issue EPS | Rs. 7.28 |
| Post-Issue P/E | 19.5x |
Objects of the Issue
| S.No | Purpose | Amount (Rs. Million) |
|---|---|---|
| 1 | Repayment / prepayment of borrowings | – |
| 2 | Purchase of trucks | 80.66 |
| 3 | General corporate purposes | – |
Lead Manager & Registrar
Lead Manager: Corporate Professionals Capital Pvt. Ltd.
Registrar: Bigshare Services Pvt. Ltd.
📞 +91-22-6263 8200
🌐 https://ipo.bigshareonline.com
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
Ashwini Container Movers operates in a growing logistics sector, supported by its large owned fleet, established client base, and rising profitability.
Revenues have been stable with a sharp jump in HY FY25 profitability, while the debt-equity remains very high, which raises risk levels. The IPO proceeds earmarked for truck purchases improve fleet expansion capability but do not materially reduce leverage.
Valuation at 19.5x post-issue earnings appears reasonable for an asset-heavy logistics player.
Chanakya View:
Moderate-risk investors may consider the IPO for medium-term returns. Listing gains will depend on overall SME sentiment and subscription momentum.
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
