IPO Details
Issue Date
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Investment/lot
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Price Range
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Lot Size
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IPO Size
N/A
Schedule of Ashwini Container Movers Ltd
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About Ashwini Container Movers Limited IPO
Ashwini Container Movers Limited IPO is an IPO of up to 50,00,000 equity shares. It consists of a fresh issue of up to 50,00,000 equity shares. The shares will be allotted on TBA. The credit of shares to the demat account will take place on TBA and the initiation of refunds will take place on TBA.
Objective of Ashwini Container Movers Limited IPO
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company.
- Funding the capital expenditure requirement of the company towards purchase of trucks.
- General corporate purposes.
Ashwini Container Movers Ltd IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | TBA |
Existing Shares to be Sold | - |
Fresh Issue | Up to 50,00,000* *Number of Shares to be issued may vary depending upon the adjustment of Lot Size upon finalization of Issue Price and Basis of Allotment. |
EPS (₹) For the year ended March 31, 2024 | 55.11 |
Ashwini Container Movers Limited IPO Share offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIB Shares Offered | Not more than 50% |
Non-Institutional Investors (NIIs) | Not less than 15% |
Retail Individual Investors | Not less than 35% |
Industry Outlook
The Indian logistics market, valued at US$ 10,716 crores (₹9,00,000 crores) in FY23, is projected to grow significantly, reaching US$ 15,954 crores (₹13,40,000 crores) by FY28, with a compounded annual growth rate (CAGR) of 8-9%. The domestic express logistics segment is projected to grow faster, with a 14% CAGR from FY23 to FY28, driven primarily by the expansion of e-commerce. Furthermore, the less-than-truckload (LTL) segment in road transportation is anticipated to experience notable growth, with a projected 10% CAGR driven by the increased demand for smaller and more frequent shipments that bypass warehouse storage to reach retailers directly.
Company Information
Ashwini Container Movers Limited is a commercial transportation provider engaged in transportation of cargo across various regions in India, with a significant portion of its operations concentrated in the states of Maharashtra and Gujarat. The company is engaged in providing surface transportation of goods in containerised trucks. They mainly serve B2B customers who require transporting bulk quantities of their goods from one place to another within India, specifically from the factory of their clients to the port or vice versa. They primarily operate in transporting goods between ports and factories, catering specifically to customers involved in importing and exporting containerised goods.
Ashwini Container Movers Ltd Strengths
Extensive Experience: 50+ years in commercial transportation.
Robust Fleet: 250+ owned vehicles (reefer & dry containers).
Advanced Technology: With the use of Clay Soft and Elixia vehicle tracking technology, the customers stay well informed about the real-time status of vehicles and goods.
Risks of Ashwini Container Movers Limited IPO
- Tech Dependency: Risks from system failures or cyber threats.
- Regulatory Changes: Shifts in regulations could disrupt operations.
- Rising Fuel Costs: Higher fuel prices increase operational expenses.
All Financial Information about Ashwini Container Movers Ltd
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Parameter | Ashwini Container Mover Limited | Pranik Logistics Limited | Premier Roadlines Limited |
|---|---|---|---|
Revenue March 31, 2024 (₹ in crores) | - | - | - |
P/E | - | 14.8 | 21.97 |
EPS (Basic)(₹) | 55.11 | 7.54 | 7.50 |
Return on Net Worth (%) | 14.67 | 35.56 | 31.76 |
NAV per share (₹) | 375.69 | 21.19 | 23.60 |
Anchor Investor Information
The Anchor Investor Bidding Date shall be One Working Day prior to the Bid/Offer Opening Date.
IPO Registrar and Book Running Lead Managers
Book running lead managers:
Corporate Professionals Capital Private Limited
Registrar for the IPO is Bigshare Services Private Limited
Business Model
The company earns its revenue from the following sources:
They primarily operate in transporting goods between ports and factories, catering specifically to customers involved in importing and exporting containerised goods. Some of the services include:
- Full Container Load (FCL) Reefer Containers
- Full Container Load (FCL) Dry Containers
- Less Container Load (LCL)
- Over Dimensional Cargo Transportation (ODC)
Company Growth Trajectory
Total income for the financial year 2023-24, amounted to ₹79.27 crores, compared to ₹77.16 crores in the financial year 2022-23, representing an increase of 2.73%. Net revenue from operations for the financial year 2023-24, amounted to INR 78.77 crores, compared to INR 76.87 crores in the financial year 2022-23, representing an increase of 2.47%. Other income for the financial year 2023-24, amounted to ₹0.49 crores, compared to ₹0.29 crores in the financial year 2022-23, reflecting an increase of 71.73%.
Company Market Position
The company faces competition from both domestic and international players which operate within the same logistics domain. To stay ahead, the company focusses on delivering superior service quality, ensuring timely deliveries, and offering competitive pricing. They believe that maintaining this balance will strengthen their competitive position and enable them to attract and retain clients effectively.
Ashwini Container Movers Limited Company Profit & Loss
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Revenue from operations (₹ crores) | 58.144 | 76.871 | 78.773 |
Profit Before Tax (₹ crores) | 3.025 | 4.089 | 2.955 |
Net profit / (loss) (₹ crores) | 0.875 | 2.100 | 1.378 |
EBITDA (₹ crores) | 8.182 | 12.168 | 13.645 |
EPS (₹) | 35.01 | 83.98 | 55.11 |
Ashwini Container Movers Limited Cash Flow
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Profit before tax (₹crores) | 3.025 | 4.089 | 2.955 |
Net Cash from Operating Activities (₹ crores) | 5.854 | 10.291 | 8.079 |
Net Cash from Investing Activities (₹ crores) | (13.186) | (19.576) | (14.819) |
Net Cash from Financing Activities (₹ crores) | 7.165 | 9.311 | 6.992 |
Cash and Cash Equivalents (₹ crores) | 0.171 | 0.198 | 0.449 |
How To Check Allotment Status of Ashwini Container Movers Limited IPO?
You can check the allotment status of shares either on the website of the National Stock Exchange (NSE) or on the website of the registrar Bigshare Services Private Limited. To check the status on the NSE website:
- Visit the NSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is Ashwini Container Movers Limited
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the Bigshare Services Private Limited website
- Choose “Public Issues” from the “Investor Services” drop-down
- Select Ashwini Container Movers Limited from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Ashwini Container Movers Ltd IPO FAQs
What is the Ashwini Container Movers Limited IPO?
The Ashwini Container Movers Limited IPO has an issue size of up to 50,00,000 equity shares. The IPO opens for subscription on TBA and closes on TBA.
Who is the Registrar for Ashwini Container Movers Limited IPO?
Bigshare Services Private Limited is the registrar for this IPO.
Where can I read more about Ashwini Container Movers Limited business?
You may read more about Ashwini Container Movers Limited and its IPO from the company’s draft red herring prospectus (DRHP) here.
