Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Ashapura Logistics IPO
Price Band
₹136.0–144.0
Issue Size
₹52.66 Cr
Lot Size
1,000 shares
Min Investment
₹144,000
GMP
+₹80.0 (55.56%)
Issue Price
₹144.0
Subject to Sauda
₹60800
Paid only if allotted
Ashapura Logistics IPO AI Summary
- Ashapura Logistics IPO is listed on NSE SME in the Logistics Solution Provider sector.
- Price band: ₹136.0–₹144.0 per share, lot size 1,000 shares (min. investment ₹144,000).
- Subscription window: 30 Jul–01 Aug 2024, listing on 06 Aug 2024.
- Current GMP is +₹80.0 (55.56%), an estimated listing price of ₹224 — unofficial and can change daily.
Ashapura Logistics Limited is a logistics solution provider with a focus on freight forwarding, project logistics, and warehousing. The company is seeking to raise funds through its IPO to enhance its operations and expand its capabilities.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Ashapura Logistics IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 01 Aug 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Ashapura Logistics IPO Grey Market Premium (GMP) Today
GMP
+₹80.0
GMP %
+55.56%
Est. Listing
₹224.0
Updated: 25 Jul 2026 14:04
About the Company
Incorporated in 2009, Ashapura Logistics Limited is an Indian logistics company. They specialize in Handling cargo and forwarding freight Transportation, including project logistics and third-party logistics ("3PL") Warehousing and distribution Other services, including coastal movement. The company offers unique logistics solutions through its: (a) nationwide presence, (b) comprehensive service offerings, (c) emphasis on enhancing service with technology, and (d) extensive vehicle fleet network. The company is certified with ISO 9001:2015 for providing customs clearance, freight forwarding, supply chain management, warehousing, distribution, surface transportation, cargo handling, and 3PL services. The freight forwarding team is based in Ahmedabad, with branches at sea ports like Hazira, Mundra, Pipavav, Kandla, JNPT, and other ICDs. They provide freight forwarding and CHA services to existing customers. As of March 31, 2024, the company has 250 commercial trucks in its fleet, with 181 owned by the subsidiary and 69 owned directly by the company. As of July 2024, the company manages and operates 7 warehouses with a total storage capacity of approximately 284,000 square feet. As of June 30, 2024, Ashapura Logistics Limited employed over 219 people, including more than 111 in Operations and Transportation.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 126.45 | 104.62 | 115.69 |
| Total Income | 199.35 | 222.60 | 227.14 |
| Profit After Tax | 12.35 | 9.47 | 7.88 |
| NET Worth | 65.32 | 47.97 | 38.52 |
| Reserves and Surplus | 55.42 | 47.60 | 38.15 |
| Total Borrowing | 0.13 | 0.10 | 0.08 |
Key Ratios
EPS
₹12.48
NAV
₹65.99
ROE
21.82%
ROCE
20.69%
RoNW
18.92%
P/B Value
2.18
P/E Ratio
11.54
Market Cap
₹195.21 Cr
PAT Margin
4.86%
Debt/Equity
0.63
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| S J Logistics (india) Limited | 77.36 | 20.18% | 22.62 | 20.03 |
| S J Logistics (india) Limited | 64.12 | 10.85% | 50.8 | 8.92 |
| Ashapura Logistics Limited This IPO | 65.99 | 18.92% | — | 12.9 |
Promoters
Sujith Chandrasekhar Kurup and Chitra Sujith Kurup
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Purchase of Vehicles and Equipment 15.02 2 Construction of warehouses at our facilities located at Mundra, Gujarat 16.40 3 Working Capital Requirement 6.00 4 General Corporate Purpose 10.20 5 Public Issue Expenses 5.05
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹227.14 Cr for the period ending 31 Mar 2022, declining to ₹222.60 Cr by 31 Mar 2023, and further decreasing to ₹199.35 Cr by 31 Mar 2024. This indicates a downward trend in revenue over the last two fiscal years.
Profit Trend
Profit after tax was ₹7.88 Cr for the period ending 31 Mar 2022, increasing to ₹9.47 Cr by 31 Mar 2023, and further rising to ₹12.35 Cr by 31 Mar 2024. This shows a positive trend in profitability over the last two fiscal years.
Valuation
Ashapura Logistics Limited has an implied P/E ratio of 11.54 at the issue price, compared to peers trading at a P/E range of 22.62 to 50.8.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand for the shares in the grey market before they are officially listed on the stock exchange.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, as they can be subject to significant price fluctuations and uncertainties in the early trading days.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and the market price is higher than the issue price. However, these gains are not guaranteed, and the stock price can be volatile on listing day and thereafter.
This evaluation is generated from Ashapura Logistics's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Ashapura Logistics IPO GMP today?
Ashapura Logistics IPO GMP today is +₹80.0 (55.56%), indicating an estimated listing price of ₹224. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Ashapura Logistics IPO?
The price band of Ashapura Logistics IPO is ₹136.0–₹144.0 per share.
When does Ashapura Logistics IPO open and close?
Ashapura Logistics IPO opens on 30 July 2024 and closes on 01 August 2024.
When does Ashapura Logistics IPO list on the stock exchange?
Ashapura Logistics IPO listed on 06 August 2024 at ₹224.0.
What is the lot size for Ashapura Logistics IPO?
The lot size for Ashapura Logistics IPO is 1000 shares, requiring a minimum investment of ₹144,000.
What is the price band for Ashapura Logistics IPO?
The price band for Ashapura Logistics IPO is ₹136.0 to ₹144.0.
What is the minimum investment required?
The minimum investment required is ₹144,000.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
When does the IPO open and close?
The IPO opens on July 30, 2024, and closes on August 1, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Jul 2024
Close
01 Aug 2024
Allotment
02 Aug 2024
Listing
06 Aug 2024
Similar IPOs in Logistics Solution Provider
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Ashapura Logistics?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.