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Issue Open Date
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30-Jul-24
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Issue Closing Date
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01-Aug-24
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Application Money
|
100
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Allotment Money
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Price Band
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136
-
144
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Minimium Application No.
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1000
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Issue Size (Shares)
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2617000
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Market Lot
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1
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Objective
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1. Funding capital expenditure requirement of our company towards purchase of trucks (“Vehicles”) and ancillary equipment (“Equipment”).2. Construction of warehouses at our facilities located at Mundra, Gujarat3. Funding the incremental working capital requirement of our company4. General Corporate Purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
|
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151235000
|
|
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Qualified Institutional Buyers
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|
89248000
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|
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Retail Individual Investors
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|
89248000
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|
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Business Description:
We rely on an ‘asset-based’ business model wherein the assets necessary for quality services to our customers, such as commercial vehicles, containers and warehouses, are either owned or provided by a network of our business partners on lease basis. Accordingly, we have maintained our owned fleet of vehicle along with network of business partners from whom we hire the required vehicles on need basis. Further, our material subsidiary i.e., Jai Ambe Transmovers Private Limited is also engaged in the business of transportation services, having large fleet of owned commercial vehicles. As on December 31, 2023, we have maintained owned fleet of 245 of commercial trucks (Comprising 181 trucks of our material subsidiary i.e., Jai Ambe and 64 trucks owned by our company). Access to such large vehicle network enables us to scale our business as the demand increases and also cater to large business opportunities. Further, we also own 60 containers of 40 TEUs providing edge in our cargo handling business. Our warehouse distribution network comprises of 6 (Six) warehouses across India situated at prompt locations such as Gujarat, Maharashtra, Karnataka and Tamilnadu.
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Promoter's Holding
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Total Share Capital
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9151922
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Offered to Public
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3657000
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Promoter's Holding (Pre-Issue)
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92.45
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Promoter's Holding (Post-Issue)
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67.51
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Address |
B-902 Shapath Hexa
Opp. High Court
S. G. Highway
Sola
Ahmedabad
,
Gujarat
,
380060
Phone :
079-66111150
Email :
cs.compliance@ashapura.in
Website :
www.ashapura.in
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
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Listed at |
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NSE
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Lead Manager |
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Beeline Capital Advisors Pvt Ltd.
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Promoters |
Chitra Sujith Kurup
Sujith Chandrasekhar Kurup
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