Minimum Investment
About Company
Company Name: Ashwini Container Movers Limited
Industry / Sector: Transportation & Logistics – Containerized Cargo
Founded Year: 2012
Promoters: Bhaskar Kisan Pawar, Govind Janabhau Sable
Ashwini Container Movers Limited is a Maharashtra-based logistics company providing surface transportation services for goods across India, with a primary focus on Maharashtra and Gujarat. It specializes in Full Container Load (FCL) shipments using reefer and dry containers, along with Less Container Load (LCL) and Over Dimension Cargo (ODC). The company operates its own fleet of more than 300 vehicles (20-ft and 40-ft containers) as of September 2025, serving B2B clients by moving bulk cargo between factories and ports. It employs advanced GPS tracking and proprietary software (Clay Soft and Elixia) for real-time monitoring and efficiency. The firm holds multiple certifications including ISO 9001/14001/45001, GDP compliance, CTPAT US, and FSSAI.
IPO Basic Details
| Company Name | Ashwini Container Movers Limited |
| IPO Type | SME IPO |
| Price Band | ₹135 – ₹142 |
| Lot Size | 1000 |
| Total Issue Size | ₹71.00 Cr |
IPO Strengths & Risks
Strengths
- Large owned fleet (>300 vehicles) ensuring control and reliability
- Real-time tracking via GPS and custom software
- Strong compliance certifications (ISO, CTPAT, FSSAI)
- Experienced promoters with 50+ years in transport
- Client-centric approach with diverse B2B clientele
Risks
- Highly competitive and fragmented logistics sector
- Dependence on regional demand (Maharashtra/Gujarat focus)
- Recent profit surge may not sustain long-term
- No dividend history; capital-intensive fleet maintenance
IPO Important Dates
| IPO Open Date | 12 Dec 2025 |
| IPO Close Date | 16 Dec 2025 |
| Basis of Allotment | 17 Dec 2025 |
| Refund Initiation | 18 Dec 2025 |
| Demat Credit Date | 18 Dec 2025 |
| Listing Date | 19 Dec 2025 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | 16 Dec 2025 |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – Repayment/pre-payment of borrowings (₹42.50 Cr)
- General corporate purposes – Working capital and other needs (₹9.35 Cr)
Investor Reservation
| QIB Quota | N/A (SME format) |
| Retail Quota | N/A (SME format) |
| HNI Quota | N/A (SME format) |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 lots | 2000 | ₹2,84,000 |
| Retail Maximum | N/A (SME limits apply) | N/A | N/A |
| S-HNI Minimum | 3 lots | 3000 | ₹4,26,000 |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | - | - | - |
Key Performance Indicators (KPI)
| ROE | 76.82% |
| ROCE | 25.39% |
| RoNW | 76.82% |
| PAT Margin | 12.17% |
| EBITDA Margin | 26.44% |
| EPS | N/A (based on post-issue) |
| NAV per share | - |
| Debt to Equity | N/A (high borrowing pre-IPO) |
| P/E Ratio | 18.61x (FY25 basis); 10.75x (annualized FY26) |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 30 Sep 2025 | ₹121.21 Cr | ₹55.86 Cr | ₹9.91 Cr | ₹19.01 Cr | ₹29.80 Cr | ₹74.90 Cr |
| 31 Mar 2025 | ₹101.46 Cr | ₹96.06 Cr | ₹11.45 Cr | ₹24.89 Cr | ₹20.42 Cr | ₹62.57 Cr |
| 31 Mar 2024 | ₹78.31 Cr | ₹79.27 Cr | ₹1.38 Cr | ₹13.64 Cr | ₹9.39 Cr | ₹58.70 Cr |
| 31 Mar 2023 | ₹66.11 Cr | ₹77.16 Cr | ₹2.10 Cr | ₹12.17 Cr | ₹8.01 Cr | ₹47.38 Cr |
Grey Market Premium
| GMP Price | N/A |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | N/A |
| Estimated Listing Price | N/A (SME GMP not prominently tracked; listed Dec 19, 2025) |
IPO Subscription Data
| Total Subscription | 1.70x |
| QIB (Ex Anchor) | 1.31x |
| HNI Subscription | 3.50x (bNII 4.51x, sNII 1.48x) |
| Retail Subscription | 1.15x |
| Anchor | - |
IPO Intermediaries
Registrar: Bigshare Services Pvt Ltd
Registrar Website: https://www.bigshareonline.com
IPO Lead Manager(s)
Company Information
Address: 409, Skylark Premises Co-op Society Ltd., Sector 11, Plot No. 63, Thane, Maharashtra 400614
Website: https://www.ashwinimovers.com/
Email: compliance@ashwinimovers.com
Phone: +91 22-27420030
IPO Documents
Frequently Asked Questions (FAQ)
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