Business Standard

Ashapura Logistics Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

52.66 cr

Price Range (₹)

144

Lot Size

1000

Min Investment (₹)

1,44,000.00

Listing Exchange

NSE - SME

Open Date

30-Jul-2024

Close Date

01-Aug-2024

Listing Date

06-Aug-2024

Ashapura Logistics Ltd News

    Ashapura Logistics Ltd IPO Details

    Initial public issue of 3657000 equity shares of face value of Rs. 10/- each of Ashapura Logistics Limited (Ashapura, ALL or the Company or the Issuer) for cash at a price of Rs. 144/- per equity share including a share premium of Rs. 134/- per equity share (the Issue Price) aggregating to Rs. 52.66 crores (The Issue), of which 183000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 144/- per equity share including a share premium of Rs. 134/- per equity share aggregating to Rs. 2.64 crores was reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 3474000 equity shares of face value of Rs. 10/- each at a price of Rs. 144/- per equity share including a share premium of Rs. 134/- per equity share aggregating to Rs. 50.02 crores is herein after referred to as the Net Issue. The issue and the net issue constituted 26.98% and 25.63%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each.

    Objective of issue

    Purchase of Vehicles and Equipment. Construction of warehouse at its facilities located at. Working Capital Requirements. General Corporate Purposes^.

    Ashapura Logistics Ltd Contact Details

    Ashapura Logistics Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs.compliance@ashapura.in

    Website - www.ashapura.in