
Services / Transportation & Logistics · NSE
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.
Price Band
₹136 – ₹144
Issue Size
₹52.66 Cr
Lot Size
1000 shares
GMP
+55.6%
Est. Listing
₹224
at current GMP
Subscribed
185.88x
overall
Open
30 Jul 2024
Close
1 Aug 2024
Allotment
2 Aug 2024
Refund
3 Aug 2024
Demat Credit
4 Aug 2024
Listing
6 Aug 2024
Overall Subscription
185.88x
Total Demand
QIB Multiplier
128.23x
Institutions & Funds
NII / HNI
289.72x
High Net-Worth
Retail (RII)
174.31x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 696,000 | 89,248,000 | 128.23x |
| NIB | 522,000 | 151,235,000 | 289.72x |
| RETAIL | 1,216,000 | 211,961,000 | 174.31x |
| Total | 2,434,000 | 452,444,000 | 185.88x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,280 | 223,117 | 174.31x |
| HNIs (10L +) | 8 | 2,318 | 289.72x |
| HNIs (2-10L) | 39 | 11,299 | 289.72x |
| Total Applications | 1,327 | 236,734 | 178.40x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Ashapura Logistics Limited is bringing an initial public offering (IPO) in the Services / Transportation & Logistics sector with an aggregate issue size of ₹52.66 Crores. The shares are offered at a price band of ₹136 to ₹144 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-08-01, the basis of allotment is scheduled to be finalized on 2024-08-02. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Ashapura Logistics Limited IPO is ₹80 per equity share. Based on the upper price band of ₹136 to ₹144 per equity share, the estimated listing price is ₹224 (+55.6% expected listing gain).
With a lot size of 1000 shares and current GMP of ₹80, the expected profit per application lot is approx ₹80,000 (+55.6% gain). Minimum application cost is approx ₹1,44,000.
The Ashapura Logistics Limited IPO aggregate issue size is ₹52.66 Crores with an equity price band set at ₹136 to ₹144 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,44,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 185.88x (Retail: 174.31x, QIB: 128.23x, NII: 289.72x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2024-08-02. Investors can verify status using PAN card or application number.
Ashapura Logistics Limited shares are scheduled to list on NSE on 2024-08-06.