Ashapura Logistics IPO Allotment Status Online: Ashapura Logistics IPO is Open on 30 July, 2024 and Close on 1 August, 2024. Ashapura Logistics IPO to Raise 3,657,000 shares (Approx ₹52.66 Cr) via IPO. The Fresh Issue of 3,657,000 Shares (Approx ₹52.66 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
Ashapura Logistics IPO Basis of Allotment Status on 2 August, 2024. Ashapura Logistics IPO Refund Date is 5 August 2024 and Ashapura Logistics IPO Credit to Demat on 5 August 2024.
Also Read: Ashapura Logistics IPO Details, GMP Price, Date, Review
Ashapura Logistics IPO Allotment Link Online
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About –
Ashapura Logistics was incorporated as ‘Ashapura Forwarders Private Limited’ at Ahmedabad, Gujarat as a private limited company under the Companies Act, 1956.
We are an integrated logistics company in India, primarily operating in (i) Cargo handling and freight forwarding segment; (ii) Transportation (including project logistics and third-party logistics (“3PL”)); (iii) Warehousing and Distribution and (iv) other services (including coastal movement). We have pan-India operations through our network of 9 (Nine) branch offices as at the Date of Draft Red Herring Prospectus.
With over 20 (Twenty) years of our operational experience since inception, we provide differentiated logistics solutions with our: (a) pan-India presence, (b) integrated service offerings, (c) focus on improving service through technology, and (d) large network of vehicle fleet. Our management has focused on providing quality services to our customers over decades of operations and thereby building credibility with our customer base, including our longstanding customers.
Our company is benefited from the extensive experience of our promoter Mr. Sujith Chandrasekhar Kurup, who is associated with our company since its incorporation and having experience of more than 25 (Twenty-Five) years in the Logistic Industry. Our Board of Directors, Key Managerial Personnel and Senior Management Personnel has also provided significant contribution in the growth of our company.
We rely on an ‘asset-based’ business model wherein the assets necessary for quality services to our customers, such as commercial vehicles, containers and warehouses, are either owned or provided by a network of our business partners on lease basis. Accordingly, we have maintained our owned fleet of vehicle along with network of business partners from whom we hire the required vehicles on need basis.
Our material subsidiary i.e., Jai Ambe Transmovers Private Limited is also engaged in the business of transportation services, having large fleet of owned commercial vehicles. As on December 31, 2023, we have maintained owned fleet of 245 of commercial trucks (Comprising 181 trucks of our material subsidiary Jai Ambe and 64 trucks owned by our company).
Access to such large vehicle network enables us to scale our business as the demand increases and also cater to large business opportunities. Further, we also own 60
containers of 40 TEUs providing edge in our cargo handling business. Our warehouse distribution network comprises of 6 (Six) warehouses across India situated at prompt locations such as Gujarat, Maharashtra, Karnataka and Tamilnadu.
Our Cargo handling and freight forwarding vertical involves various processes including loading and unloading of goods, obtaining custom clearances for cargo, stuffing and unstuffing of goods into containers. Our company can handle various type of cargos including bulk cargo, containerized cargo and Over Dimensional cargo (ODC).
The centralized freight forwarding team is located in the Registered Office at Ahmedabad, while the operations are supported with strategically located branches in various sea ports like Hazira, Mundra, Pipavav, Kandla, JNPT and other ICDs that extend freight forwarding and CHA services to the existing customers. We derive our revenue from following four business verticals:
- Cargo Handling
- Transportation
- Warehousing and Distribution
- Other services including coastal movement
