Ashapura Logistics Limited IPO
Ashapura Logistics Limited IPO
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Following its successful public offering, Ashapura Logistics Limited's made its market debut on 06-08-2024 and is now actively traded on the NSEplatform. The IPO mobilized 36,57,000 Shares in total capital, including 36,57,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹136 to ₹144 and minimum investment lots of 1000 shares. Investor participation during the subscription window from 30-07-2024 to 01-08-2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on 02-08-2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Ashapura Logistics IPO About Company
Incorporated in 2009, Ashapura Logistics Limited is an Indian logistics company offering end-to-end services in cargo handling, freight forwarding, transportation, project logistics, third-party logistics (3PL), warehousing, distribution, and coastal movement. With ISO 9001:2015 certification, the company delivers reliable solutions across customs clearance, supply chain management, and multimodal logistics, supported by a nationwide network and a robust fleet. Its freight forwarding team operates from Ahmedabad with branches at major ports such as Hazira, Mundra, Pipavav, Kandla, JNPT, and other ICDs, providing forwarding and CHA services. As of March 31, 2024, Ashapura Logistics managed a fleet of 250 trucks—181 owned by its subsidiary and 69 by the company—and by July 2024 operated seven warehouses with a combined storage capacity of about 284,000 sq. ft. As of June 30, 2024, it employed over 219 personnel, including more than 111 in operations and transportation.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Ashapura Logistics IPO Strength Factors
- Seamless Logistics Network: Ashapura Logistics Limited operates on a large, well-connected logistics network, making services faster and more efficient.
- Reliable Operations: The company's asset-based business model improves efficiency and ensures dependable service delivery.
- Smart Resource Management: Ashapura Logistics maximizes resource use to boost productivity while keeping costs under control.
Ashapura Logistics IPO Risk Factors
- Regulatory Compliance: If Ashapura Logistics doesn't get, renew, or maintain the required licenses and approvals on time, it could negatively impact its business operations.
- Record-Keeping Issues: The company couldn't find some old secretarial documents, which might create compliance or governance problems.
- Equity Share Discrepancy: Promoters bought equity shares at a lower price than the issue price, which might worry investors.
Ashapura Logistics IPO Lead Manager(s)
- Beeline Capital Advisors Private Limited
Ashapura Logistics IPO Promoter(s)
- Mr. Sujith Chandrasekhar Kurup
- Mrs. Chitra Sujith Kurup
Ashapura Logistics IPO FAQs
Ashapura Logistics Limited IPO subscribed 185.88 times. The public issue subscribed 174.31 times in the retail category,128.23times in QIB, and -- times in the HNI (10+) category byNovember 21, 2025 9:32:59 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Ashapura Logistics IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Ashapura Logistics IPO FAQs
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