Ashapura Logistics SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Ashapura Logistics IPO. Explore Ashapura Logistics IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Ashapura Logistics Limited is an integrated logistics company based in Ahmedabad, Gujarat, with a strong presence across India. Established in 2002 as Ashapura Forwarders Private Limited, the company has evolved over two decades to offer a wide range of logistics services including cargo handling and freight forwarding, transportation, warehousing, and distribution. Operating with an 'asset-based' business model, Ashapura Logistics maintains a large fleet of commercial vehicles and containers, supported by a network of business partners. The company is recognized for its technological capabilities, which enhance its logistics solutions and customer experience.
Key Points:
- Comprehensive Services:
- Offers services in cargo handling and freight forwarding, transportation, warehousing, distribution, and coastal movement.
- Provides custom clearance, supply chain management, and third-party logistics (3PL) services.
- Pan-India Operations:
- Operates through a network of 9 branch offices across India.
- Maintains 7 warehouses in key locations including Gujarat, Maharashtra, Karnataka, and Tamil Nadu.
- Asset-Based Business Model:
- Owns a fleet of 250 commercial trucks and 60 containers of 40 TEUs.
- Material subsidiary, Jai Ambe Transmovers Private Limited, enhances transportation capabilities with a large fleet.
- Technological Integration:
- Emphasizes a 'technology first' culture with developed software (IMPEX) for cargo handling and transportation operations.
- Focuses on demand generation, track and trace, fleet operations, pricing control, and vendor ecosystem enablement.
- Subsidiaries:
- Jai Ambe Transmovers Private Limited (transportation services).
- Ashapura Warehousing Private Limited (warehousing and distribution).
- Amanzi International Private Limited (logistics solutions).
Objects of the Issue
- Funding capital expenditure requirement of the company towards purchase of trucks (“Vehicles”) and ancillary equipment
- Construction of warehouses at the facilities located at Mundra, Gujarat
- Funding the incremental working capital requirement of the company
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 30 Jul - 01 Aug 2024 |
| IPO Price Band | ₹ 136 - 144 per share |
| Fresh Issue | 36,57,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 52.66 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 30 Jul 2024 |
| IPO Closing Date | 01 Aug 2024 |
| Basis Of Allotment | 02 Aug 2024 |
| Refunds | 05 Aug 2024 |
| Demat Transfer | 05 Aug 2024 |
| IPO Listing Date | 06 Aug 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 181.33 | 227.14 | 222.60 | 199.35 |
| Total Expenses | 170.91 | 216.90 | 209.99 | 182.72 |
| Net Profit/Loss | 7.69 | 7.88 | 9.47 | 12.35 |
| NPM (*) | 4.24 | 3.44 | 4.26 | 6.21 |
| Total Assets | NA | 115.69 | 104.62 | 126.45 |
| Total Liabilities | NA | 77.17 | 56.65 | 61.13 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 8.02 | 8.17 | 9.87 | 12.90 |
| ROE (%) | 28.49 | 22.61 | 21.84 | 21.82 |
| ROCE (%) | 19.34 | 18.49 | 18.68 | 20.69 |
| D/E Ratio | 1.74 | 1.11 | 0.73 | 0.63 |
| Current Ratio | 1.20 | 1.22 | 1.43 | 1.79 |
| EBITDA MARGIN (%) | 11.81 | 9.22 | 10.00 | 13.17 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Ashapura Logistics Limited | 199.01 | 11.16 | 12.90 | 18.92 | 65.99 |
| S J Logistics (India) Limited | 270.86 | 22.62 | 20.03 | 20.18 | 77.36 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 128.23 |
| Non-Institutional Investor (NII/HNI) | 289.33 |
| Retail Individual Investor (RII) | 174.21 |
| Total | 185.75 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- MR. SUJITH CHANDRASEKHAR KURUP
- MRS. CHITRA SUJITH KURUP
Lead Managers
- BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Company Address
Ashapura Logistics Limited
B-902 Shapath Hexa, Opp. High Court, S.G. Highway, Sola, Ahmedabad- 380060, Gujarat, India.
Phone: 079-66111150
Email: cs.compliance@ashapura.in
Website: www.ashapura.in
FAQs
- What is the issue size of the Ashapura Logistics SME IPO?The Ashapura Logistics SME IPO has an issue size of Approx ₹ 52.66 crore. This includes a fresh issue of 36,57,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Ashapura Logistics IPO?The price band for the Ashapura Logistics IPO is ₹ 136 - 144 per share.
- What are the bidding dates for the Ashapura Logistics IPO?The Ashapura Logistics IPO will open for bidding on 30 Jul 2024 and close on 01 Aug 2024.
- What is the allotment date for the Ashapura Logistics IPO?The allotment date for the Ashapura Logistics IPO is 02 Aug 2024.
- What is the listing date for the Ashapura Logistics IPO?The listing date for the Ashapura Logistics IPO is 06 Aug 2024.
- What is the Ashapura Logistics IPO grey market premium?The grey market premium (GMP) for the Ashapura Logistics IPO is currently at ₹80, with an expected listing gain of approximately 55.56%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.