Ashapura Logistics had a successful market debut today as its shares were listed on NSE SME for Rs185 each, which represents a 28.5% premium over the Rs 144 issue price.
From July 30 to August 1, 2024, subscriptions for the Rs 52.66 crore SME IPO were open at a price of Rs 144 per share. It consisted of mainly of a new issuance of 37.57 lakh shares, with no offer-for-sale component.
The IPO had a strong response, with an overall subscription of 185 times. With 174 subscriptions, retail investors shown a high level of interest, while NII (Non-Institutional Investors) showed a remarkable level of enthusiasm with 289 subscriptions.
The firm sets itself apart by providing comprehensive logistics solutions, which are supported by its vast presence across India, integrated service offerings, focus on technical advancements and enormous vehicle network.
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