The IPO date for Ashapura Logistics is set: it will start on July 30 and finish on August 1. ₹52.66 crores will be raised through the IPO of Ashapura Logistics, an NSE SME. With a market lot of 1000 shares, the Ashapura Logistics initial public offering (IPO) pricing range is set at ₹136 to ₹144.
Ashapura Logistics IPO Details
Ashapura Logistics is scheduled to open on July 30, 2024, and close on August 01, 2024. August 02, 2024 is the day of the IPO allotment. August 5, 2024, is the date on which the IPO will begin. On August 5, 2024, shares will be credited to the demat account. August 06, 2024 is the date of listing.
| Open Date | July 30, 2024 |
| Close Date | August 1, 2024 |
| IPO Size: | Approx ₹52.66 Crores,3,657,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹136 to ₹144 Per Equity Share |
| IPO Listing on: | NSE SME |
| IPO Listing Date: | August 6, 2024 |
Ashapura Logistics Financials
| 2024 | |
| Revenue | ₹199.35 |
| Expense | ₹182.72 |
| Earning Per Share (EPS) | ₹12.90 per Equity Share |
| Return on Net Worth (RoNW) | 18.92% |
| Net Asset Value (NAV) | ₹65.99 per Equity Share |
About Ashapura Logistics
Ashapura Forwarder Limited was the previous name of this small and medium-sized logistics company located in Ahmadabad, India.
Established in 2002, the company currently boasts a robust global network for imports, exports, customs clearing, transportation, and warehousing. Three subsidiary companies are run by Ashapura Logistics: Amanzi International Private Limited, Ashapura Warehousing Private Limited, and Jai Ambe Transmovers Private Limited. Seven offices of the organization are spread across India’s major cities, including Mundra, Pipavav, Surat, Ahmedabad, Bangalore, Chennai, and Mumbai.
Ashapura Logistics IPO Review
Ashapura Logistics Limited is an Indian integrated logistics company that mainly operates in four business segments: transportation, warehousing and distribution, cargo handling and freight forwarding, and additional services like coastal mobility. As of April 2024, the company had nine branch offices spread over India. With its broad vehicle fleet network, integrated service offerings, focus on boosting service through technology, and nationwide presence, Ashapura Logistics provides unique logistics solutions.
