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SME IPO Status: Listed [30th Jul 2024 to 1st Aug 2024]
Ashapura Logistics IPO, a SME IPO of ₹52.66 Cr was launced on 30-07-2024 to 01-08-2024 and the shares got listed on NSE SME on 06-08-2024.
The public issue of Ashapura Logistics IPO (ASHALOG) was offered at ₹144.00 per share and the ipo was listed at ₹185.00. It has delivered listing gain of 28.47%.
As the minimum lot size was 1000 shares, the IPO has offered Rs 41000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 30th Jul 2024 |
| SME IPO Issue Closing Date: | 1st Aug 2024 |
| SME IPO Issue Price: | ₹136.00-144.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹52.66 Cr |
| Fresh Issue: | ₹52.66 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 92.45% |
| Promoter Holding Post IPO: | 67.51% |
| Allotment Status: | Allotment Status |
| NSE Code: | ASHALOG |
Get important updates regarding Ashapura Logistics SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 2nd Aug 2024 |
| Refunds Initiation* | 5th Aug 2024 |
| Credit of Shares to Demat* | 5th Aug 2024 |
| SME IPO Listing Date* | 6th Aug 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹136.00-144.00 |
| Market Lot: | 1000 Shares |
| 1 Lot Amount: | ₹144000 |
| Min HNI Lots: | 2000 shares (2 lots)- ₹288000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 06-08-2024 | 144.00 | 80 | 60800 | ₹224 (55.56%) | 6-Aug-2024 10:25 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Ashapura Logistics Limited was founded in April 2002. The Company is an integrated logistics company in India primarily engaged in the following sectors:
With over 20 (twenty) years of operational experience since inception, the Company offers differentiated logistics as provided below:
In addition, the technology-enabled ‘business model provides the flexibility to develop and offer customized logistics solutions to a wide range of customers and industries. The company actively promotes a "technology first" culture to efficiently scale the business and improve the customer experience. To simplify operations, the company has developed software (IMPEX) to track the entire operations of the cargo handling and transportation segment. In addition, the company is in the process of developing another software for the transportation segment. The company's primary technological capabilities include demand generation, tracking and tracing, fleet operations, price control and creating an ecosystem of providers.
The company has three subsidiaries named as follows:
| Incorporation | Sector | IPO Issue Size | Website |
| 2002 | Logistics | ₹52.66 Cr | https://ashapura.in/ |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 696,000 (28.59%) | 522,000 (21.45%) | 1,216,000 (49.96%) | 2,434,000 | |
| 1 | 30th Jul 2024 19:31 | 1.50x | 1.92x | 5.96x | 3.82x |
| 2 | 31st Jul 2024 19:32 | 2.70x | 9.77x | 26.56x | 16.14x |
| 3 | 1st Aug 2024 18:22 | 128.23x | 289.33x | 174.21x | 185.75x |
Ashapura Logistics Limited's revenue decreased by -10.45% and profit after tax (PAT) rose by 30.46% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 12,644.88 | 10,461.66 | 11,568.76 |
| Revenue | 19,934.57 | 22,260.31 | 22,713.84 |
| Profit After Tax | 1,235.44 | 946.98 | 788.26 |
| Net Worth | 6,532.31 | 4,796.60 | 3,852.04 |
| Reserves and Surplus | 5,542.40 | 4,759.80 | 3,815.32 |
| Total Borrowing | 12.90 | 9.87 | 8.17 |
| Amount in ₹ Lakhs | |||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Ashapura Logistics Limited | 12.9 | 65.99 | 18.92 | Consolidated | ||
| S J Logistics (india) Limited | 8.92 | 64.12 | 50.8 | 10.85 | Standalone | |
| S J Logistics (india) Limited | 20.03 | 77.36 | 22.62 | 20.18 | Consolidated |
Last Updated on 12-Aug-2024 16:07:57
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Ashapura Logistics SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Ashapura Logistics SME IPO with Zerodha.
Alternate approch to apply in Ashapura Logistics SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Ashapura Logistics SME IPO Review and Important Updates
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To subscribe or apply in Ashapura Logistics SME IPO, you can use the following methods:
| Ashapura Logistics SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Ashapura Logistics SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Ashapura Logistics SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Ashapura Logistics SME IPO. Most of the Syndicate Banks provide access to apply in Ashapura Logistics IPO via ASBA process. You must have your net banking access, DP ID information to apply in Ashapura Logistics SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Ashapura Logistics SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Ashapura Logistics SME IPO Review and Important Updates
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Ashapura Logistics SME IPO is going to be list on 06-08-2024. NSE Code for Ashapura Logistics is ASHALOG.
Other relevant questions:
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Ashapura Logistics SME IPO Allotment Date is 02-08-2024.
Other relevant questions:
Ashapura Logistics SME IPO share allotment date?Ashapura Logistics SME IPO allotment date?
