Ashapura Logistics IPO

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.

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects: The company's funding capital expenditure requirement is for the purchase of trucks (" Vehicles") and ancillary equipment ("Equipment"). Construction of warehouses at the facilities located at Mundra, Gujarat Funding the incremental working capital requirement of our company General Corporate Purposes

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application. No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever Please read all Tearms and conditions , and agree to use the App