Incorporated in 2009, Ashapura Logistics Limited is an Indian logistics company. They specialize in
- Handling cargo and forwarding freight
- Transportation, including project logistics and third-party logistics ("3PL")
- Warehousing and distribution
- Other services, including coastal movement.
The company offers unique logistics solutions through its: (a) nationwide presence, (b) comprehensive service offerings, (c) emphasis on enhancing service with technology, and (d) extensive vehicle fleet network.
The company is certified with ISO 9001:2015 for providing customs clearance, freight forwarding, supply chain management, warehousing, distribution, surface transportation, cargo handling, and 3PL services.
The freight forwarding team is based in Ahmedabad, with branches at sea ports like Hazira, Mundra, Pipavav, Kandla, JNPT, and other ICDs. They provide freight forwarding and CHA services to existing customers.
As of March 31, 2024, the company has 250 commercial trucks in its fleet, with 181 owned by the subsidiary and 69 owned directly by the company.
As of July 2024, the company manages and operates 7 warehouses with a total storage capacity of approximately 284,000 square feet.
As of June 30, 2024, Ashapura Logistics Limited employed over 219 people, including more than 111 in Operations and Transportation.
| Purpose | Amount (₹ Cr) |
|---|---|
| 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 our company | — |
| General Corporate Purposes | — |
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 12,645 | 10,462 | 11,569 |
| Revenue | 19,935 | 22,260 | 22,714 |
| PAT | 1,235 | 947 | 788 |
| Net Worth | 6,532 | 4,797 | 3,852 |
| Reserves | 5,542 | 4,760 | 3,815 |
| Total Borrowing | 13 | 10 | 8 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,736,000 (47%) | — |
| NII / HNI | — | 522,000 (14%) | — |
| Retail (RII) | — | 1,216,000 (33%) | — |
| Market Maker | — | 183,000 (5%) | — |
| Total | — | 3,657,000 (100%) | — |
* Amount calculated at upper price band (₹144) · ** Total includes all investor categories
- 1 Initiation of Refund 05 Aug 2024
- 2 Credit of Shares to Demat 05 Aug 2024
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 16x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹12 compares to post-issue EPS of ₹9 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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