Ashapura Logistics, a new entrant in the stock market, is poised to make its debut with an Initial Public Offering (IPO) worth ₹52.66 crores. The entire issue comprises a fresh offering of 36.57 lakh shares.
Investors can participate in the Ashapura Logistics IPO from July 30, 2024, until August 1, 2024. The allotment process is expected to conclude on Friday, August 2, 2024. Following the allotment, Ashapura Logistics’ shares will be listed on the National Stock Exchange (NSE) SME platform, with a tentative listing date set for Tuesday, August 6, 2024.
Ashapura Logistics Limited, formerly known as Ashapura Forwarders Limited, operates in the Freight Transportation Arrangement sector. They offer a wide range of services, including Freight Forwarding, Sea Freight Forwarding, Custom Clearing Service, and Import Clearance Services.
The price band for the Ashapura Logistics IPO ranges from ₹136 to ₹144 per share. Retail investors can apply for a minimum lot size of 1000 shares, requiring an investment of ₹144,000. High-net-worth individuals (HNIs) have the option to invest in a minimum of 2 lots (2000 shares), totaling ₹288,000.
Beeline Capital Advisors Pvt Ltd serves as the book running lead manager for the Ashapura Logistics IPO, while Kfin Technologies Limited acts as the registrar. Spread X Securities is the designated market maker for this promising IPO.
Ashapura Logistics IPO Details:
| Company Name | Ashapura Logistics Limited |
| Sector | Logistics |
| IPO Type | SME |
| IPO Open date | 30th July 2024 |
| IPO Close date | 01st Aug 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Ashapura Logistics IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 3000 | 1,14,000 |
| HNI (Min) | 2 | 6000 | 2,28,000 |
Ashapura Logistics IPO Timeline:
| IPO Open Date | 30th July 2024 |
| IPO Close Date | 01st Aug 2024 |
| Basis of Allotment | 02nd Aug 2024 |
| Refund Initiation Date | 05th Aug 2024 |
| Shares Credit to Demat | 05th Aug 2024 |
| Listing Date | 06th Aug 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Ashapura Logistics’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Logistics Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Ashapura Logistics and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
