Ashapura Logistics IPO Details, GMP Price, Date, Review

Ashapura Logistics IPO details Today : Ashapura Logistics IPO details Today 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). 

Our Company was incorporated as 2002 ‘Ashapura Forwarders Private Limited’ at Ahmedabad, Gujarat as a private limited company .

We are an integrated logistics company in India, Primarily operating in

• Ocean Freight
• Air Freight
• Custom Clearance
• Surface Transportation
• Warehousing & Distribution

(iv) other services (including coastal movement). We have pan-India operations through our network of 9 (Nine) branch offices .

We have established longstanding relationships with a diverse set of customers. multiple industries, including Auto mobile, West Paper, Textile and Steel industry.

• Ford India Private Limited.
• Piramal Glass Private Limited.
• TT Steel Services Private Limited.
• Atul Limited.
• JK Paper Limited.

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.

(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

Ashapura Logistics IPO Date & Price Band Details

Ashapura Logistics IPO Market Lot Details

Object of the Issue

1. Funding capital expenditure requirement of our company towards purchase of trucks (“Vehicles”) and ancillary equipment (“Equipment”).
2. Construction of warehouses at our facilities located at Mundra, Gujarat.
3. Funding the incremental working capital requirement of our company.
4. General Corporate Purposes.

Ashapura Logistics IPO Allotment & Listings (Details)

Ashapura Logistics Financial Reports

Our Company Promoters

1. Mr. Sujith Chandrasekhar Kurup
2. Mrs. Chitra Sujith Kurup

Qualitative Factors

• Scaled and integrated logistics operations.
• Asset-based business model resulting into higher efficiencies.
• Optimal Utilization of Resources.
• Long-standing relationships with our clients.

Ashapura Logistics IPO Comparison Listed Industry Peers Group

Comparison of Accounting Ratios with Listed Peer Group Companies

• Ashapura Logistics Limited
• S J Logistics Limited

Also Read: Rajputana Industries IPO Details, GMP Price, Date, Review

Ashapura Logistics Company Contact Details

B-902 Shapath Hexa, Opp. High Court, S.G. Highway, Sola, Ahmedabad380060, Gujarat, India
Telephone No.: 079-66111150; Web site: www.ashapura.in
E-Mail: cs.compliance@ashapura.in
Contact Person: Mrs. Priyanka Gyanchand Jain

Ashapura Logistics Lead Manager

BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Address: B 1311-1314, Thirteenth Floor, Shilp
Corporate Park, Rajpath Rangoli Road, Thaltej,
Ahmedabad- 380054, Gujarat, India.
Telephone Number: 079 4918 5784
Email Id: mb@beelinemb.com
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com
Contact Person: Mr. Nikhil Shah

Ashapura Logistics IPO Registrar

KFin Technologies Limited
Address: Selenium Tower-B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana.
Tel. Number: +91 40 6716 2222
Email Id: all.ipo@kfintech.com
Investors Grievance Id: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna