Ashapura Logistics Limited IPO GMP

Ashapura Logistics is an integrated logistics company in India, primarily operating in (i) Cargo handling and freight forwarding segment; (ii) Transportation (including project logistics and third-party logistics (“3PL”)); Warehousing (iii) and Distribution and (iv) other services (including coastal movement). They have pan-India operations through their network of 9 (Nine) branch offices as at the Date of Red Herring Prospectus. 

Ashapura Logistics, a Book Built Issue amounting to ₹52.66 crores, consisting entirely a Fresh Issue of 36.57 Lakh Shares. The subscription period for the Ashapura Logistics IPO opens on July 30, 2024, and closes on August 01, 2024. The allotment is expected to be finalized on or about Friday, August 02, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, August 06, 2024.

The Share price band of Ashapura Logistics IPO is set at ₹136 to ₹144 equity per share, with a minimum lot size of 1,000 shares. Retail investors are required to invest a minimum of ₹144,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,000 shares), amounting to ₹288,000.

BEELINE CAPITAL ADVISORS PRIVATE LIMITED is the book-running lead manager, KFIN TECHNOLOGIES LIMITED is the registrar for the Issue. Spread X Securities Private Limited is the Market Maker for the Ashapura Logistics IPO.

Ashapura Logistics Limited IPO GMP Today
The Grey Market Premium of Ashapura Logistics Limited IPO is expected in the range of ₹70 to ₹75 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Ashapura Logistics Limited IPO Live Subscription Status Today
As of 09:28 PM on 01 August 2024, the Ashapura Logistics Limited IPO live subscription status shows that the IPO subscribed 172.89 times on on the final day of subscription period. Check the Ashapura Logistics Limited IPO Live Subscription Status Today at NSE.

Ashapura Logistics Limited IPO Allotment Status
Ashapura Logistics IPO allotment date is 02 August, 2024, Friday. Ashapura Logistics IPO Allotment will be out on 2nd August 2024 and will be live on Registrar Website from the allotment date. Check Ashapura Logistics Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Ashapura Logistics Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Ashapura Logistics Limited IPO
Ashapura Logistics Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹1,502.05 Lakhs is required for Funding capital expenditure of their company towards purchase of trucks (“Vehicles”) and ancillary equipment (“Equipment”). 
2. ₹1,639.82 Lakhs is required for Construction of warehouses at their facilities located at Mundra, Gujarat 
3. ₹600.00 Lakhs is required for Funding the incremental working capital of their company 
4. General Corporate Purposes

Refer to Ashapura Logistics Limited RHP for more details about the Company.