Introduction
Let’s discuss about Ashapura Logistics Limited IPO, so organized logistics sector in India has grown tremendously over the past few decades due to higher level of trade activities, globalization and technology growth. Among the leading players that are establishing themselves in this sector include Ashapura Logistics Limited, which plans to launch its IPO soon. The following article presents the descriptions of the Ashapura Logistics Limited IPO, describing the company’s history, financials, and prospects and development strategies.
Company Overview
About Ashapura Logistics Limited IPO
Ashapura Logistics Limited is a one of the fast growing logistic solutions players in the transport and logistics solutions market of India. Established with the vision of providing a logistics firm which could provide the right related service in transportational, warehousing, freight forwarding and third party logistics. After that the company has opened operations across the length and breadth of India which serves various industries including manufacturing, retail- FMCG industries and others.
Vision and Mission: The vision of the company is to become one of the leading logistic distribution companies of India with the help of innovation and technology. It’s their desire to ensure that their clients access logistic services that are timely, responsive and at a fair price hence improving productivity.
Tentative Details of Ashapura Logistics Limited IPO
Ashapura Logistics IPO opens on July 30, 2024, and closes on August 1, 2024.
| IPO Open Date | Tuesday, July 30, 2024 |
| IPO Close Date | Thursday, August 1, 2024 |
| Basis of Allotment | Friday, August 2, 2024 |
| Initiation of Refunds | Monday, August 5, 2024 |
| Credit of Shares to Demat | Monday, August 5, 2024 |
| Listing Date | Tuesday, August 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2024 |
Financial Details of Ashapura Logistics Limited IPO
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 | |||
Promoter Holding of Ashapura Logistics Limited IPO
The Promoters of the company are Mr. Sujith Chandrasekhar Kurup and Mrs. Chitra Sujith Kurup.
| Share Holding Pre-Issue | 92.45% |
| Share Holding Post Issue | 67.51% |
Industry Landscape
Economic Growth: Market growth, in general, affects the demand on logistics for delivery and transportation of goods and services in India as the GDP grows.
E-commerce Boom: The aforementioned increase in consumption and the convenience of the internet for purchasing goods and services have increased the need for logistics services such as delivery and storage facilities.
Government Initiatives: Several measures have been implemented and put into practice such as the concept of GST and emergence of dedicated freight corridors that has made the length of the product journey shorter and has also minimized the overall cost.
Technological Advancements: Technology is also integrated in the logistics process include the use of GPS tracking, IoT, and blockchain, all of which has enhanced efficient functioning of the process.
Risks and Mitigation
Economic Cycles: A similar fate can be expected of logistics as it primarily depends on an economic environment and a change in demand for its services. To counteract such risk, the company has diversified its services and has more importantly more clients on their side.
Regulatory Changes: There are also risks originating from unstable conditions in a particular country, like fluctuations in rules that may influence the business’s functioning. In case of any change in this regard, Ashapura Logistics remains active in compliance affairs and interacts with the relevant agencies.
Operational Risks: Stakeholders’ risks associated with the transportation of products, storage, or delays in supply chains are particularly significant for the logistics sector. The company works on strong fundamentals, dependable IT systems and sound risk mitigation procedures to manage these risks.
Competition: Competition can be very strong, both from other large and more experienced retailers, as well as from small players who may be able to achieve higher growth rates. Ashapura Logistics’ strategic issues involve efficiency, creativity, and meeting or surpassing consumer expectations to maintain firm competitiveness.
Conclusion
Thus, the Ashapura Logistics Limited IPO seems to be a good investment option for interested individuals willing to invest in the logistics sector and participate in the future development of this promising and active company. The strong business model, coupled with the strategic growth plan and a competent management team, makes Ashapura Logistics ready to tap the growing market opportunities for sound logistic solutions. Any new investment opportunity must be approached carefully and after consultation with investment experts depending on the level of risk that is bearable to an investor.
How to apply Ashapura Logistics Limited IPO?
STEPS to login in Zerodha Console
Step 1: Go-to the console page of zerodha. Then Click on log in to your account Enter this Zerodha user ID, password and PIN access your account.
Step 2: Go to the IPO Segment
Step 3: Visit the ‘Portfolio’: After login click on Portfolio tab, available at left side menu.
Step 4: IPO search Click on ‘IPO’ which is under the tab of Portfolio to view a list comprising all active IPOs.
Step 5: Click on the Ashapura Logistics Limited IPO
Search the IPO: You can filter by Ashapura Logistics Limited IPO and search from a list of available public offerings.
Finally, click on ‘Apply’: Upon finding Ashapura Logistics Limited IPO you just need to select Apply (along with Submit after entering the input details).
Step 6: Type your Application Details
In the application form, you have to enter your UPI ID: Enter Your UPI Id Once added the UPI ID, it can link to a bank account which have enough balance for applying.
Bid Quantity: Qty Enter Number of shares Qty up to Bid Price, Integer only Click on the option ‘Cut-off’ to apply at cut-off price.
Check your field details: Review All the accurate information entered
Step 7: Apply for the position
Submission: After filling all these opportunities click on the submit button as shown below.
UPI Mandate: There you will get a UPI mandate request in your UPI app. Open the app and confirm the mandate to withhold funds for IPO application
Step 8: Trust the Process
Verify the status: After you have accepted a UPI mandate, your IPO application will be submitted successfully Processed Petition available in the IPO tab under Order Book.