Ashapura Logistics Ltd - IPO

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