247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Ashapura Logistics Limited IPO (Ashapura Logistics IPO) Details

Ashapura Logistics Limited is an Logistics based company, located in Ahmedabad, Ashapura Logistics Limited IPO size was 52.66 Cr. and was issued at 144.00 per share. The share of Ashapura Logistics Limited were listed at 185.00 per share and are currently trading at 93.00 per share.

Type :
Sub Sector : Handling Cargo And Forwarding Freight
SME IPO
NSE EMERGE

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
199.35 Cr.

PAT :
12.35 Cr.

Pricing Report

Issue Price :
144.00

Listing Price :
185.00

Current Market Price :
93.00

Issue Price vs CMP :
51 (35.42%)

listing Price vs CMP :
92 (49.73%)

Performance Report (CAGR* wise)

CAGR : -61.32
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Ashapura Logistics

Company Information
Ashapura Logistics Limited is an integrated logistics provider in India, operating across multiple segments, including cargo handling and freight forwarding, transportation (including project logistics and third-party logistics), warehousing and distribution, and other services like coastal movement. With a pan-India presence and 9 branch offices as of the Date of Draft Red Herring Prospectus, the company boasts over 20 years of operational experience. It offers differentiated logistics solutions through its extensive network of vehicle fleets, integrated service offerings, technology-driven service improvements, and nationwide coverage. The company has built credibility over decades by providing high-quality services, especially with its longstanding customers. The promoter, Mr. Sujith Chandrasekhar Kurup, who has been with the company since its inception, brings over 25 years of experience in the logistics industry.
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Object of Issue
  • The company's funding capital expenditure requirement is for the purchase of trucks (" Vehicles" and ancillary equipment ("Equipment"
  • Construction of warehouses at the facilities located at Mundra, Gujarat
  • Funding the incremental working capital requirement of their company
  • General Corporate Purposes

Ashapura Logistics SME IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Aug, 2024
IPO Size :
52.66 Cr.
Market Cap :
195.21 Cr.   
IPO Subscription :
185.75 X     
PE Multiple :
15.80
IPO Registrar:
Kfin Technologies Limited

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FAQs

Ashapura Logistics operates in Logistics and Handling Cargo And Forwarding Freight. The Issue is listed on NSE EMERGE in Aug, 2024. Ashapura Logistics IPO size was 52.66 Cr. with Issue price of 144.00 .

Ashapura Logistics IPO subscription was 185.75 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Ashapura Logistics IPO listed at a listing price of 185.00 against the offer price of 144.00.

The current market price of Ashapura Logistics is 93.00.

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