Updated on 07.12.2025 @ 8:19 PM
Ashwini Container Movers Limited is launching its Initial Public Offering (IPO) on the NSE EMERGE platform. It is a prominent logistics player in western India.
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The subscription for this public issue will open on December 12, 2025, and close on December 16, 2025.
The company aims to raise up to ₹71.00 crores through a 100% fresh issue of shares.
The price band has been fixed at ₹135 to ₹142 per share, with a minimum lot size of 1,000 shares.
Ashwini Container Movers has shown a phenomenal jump in profitability and operational efficiency, but investors must be mindful of its high debt and geographical concentration. If you are comparing IPOs with long-term wealth-building options, you can first strengthen your basics through our Mutual Fund Learning Section and also plan your monthly investments using our SIP Calculator.
In this article, you will find Ashwini Container Movers IPO GMP today, subscription status, allotment date, price band, and a detailed, unbiased review to help you make an informed decision.
Briefs of Ashwini Container Movers IPO Details
- Price Band: ₹135 to ₹142 per share
- IPO Open / Close Dates: December 12, 2025 – December 16, 2025
- Lot Size: 1,000 Shares
- Issue Size: 50,00,000 shares (aggregating up to ₹71.00 Crores)
- Fresh Issue / OFS: 100% Fresh Issue
- Registrar: Bigshare Services Pvt.Ltd.
- Listing Exchange: NSE SME
What is The Ashwini Container Movers IPO GMP Today?
Check the gmp of this and other stocks at our grey market premium hub page. (The Grey Market Premium (GMP) is an unofficial indicator).
What Are The Ashwini Container Movers IPO Dates & Allotment Schedule?
- IPO Open & Close Date: December 12, 2025 – December 16, 2025
- Basis of Allotment Date: December 17, 2025
- Refund Initiation Date: December 18, 2025
- Credit of Shares: December 18, 2025
- Listing Date: December 19, 2025
What Are The Objectives of Ashwini Container Movers IPO?
The company intends to utilise the net proceeds from the public offering primarily to strengthen its financial position and expand its fleet:
- Repayment of Borrowings (₹42.50 Crores): A significant portion of the proceeds (nearly 60%) will be used to repay or prepay outstanding loans, which will substantially reduce finance costs and improve profitability.
- Purchase of Vehicles (₹9.03 Crores): To acquire 22 new container trucks, enhancing operational capacity.
- General Corporate Purposes: The balance amount will be used for other strategic requirements.
How is the Financial Performance of Ashwini Container Movers?
The following table summarizes the company's financial performance based on restated consolidated data.
(Amounts in ₹ Crores)
| Particulars | Period Ended 30 Sep 2025 | Year Ended 31 Mar 2025 | Year Ended 31 Mar 2024 | Year Ended 31 Mar 2023 |
Total Income | 55.86 | 96.06 | 79.27 | 77.16 |
Profit After Tax (PAT) | 9.91 | 11.45 | 1.38 | 2.10 |
EBITDA | 19.01 | 24.89 | 13.64 | 12.17 |
Total Borrowing | 74.90 | 62.57 | 58.70 | 47.38 |
Assets | 121.21 | 101.46 | 78.31 | 66.11 |
Source: RHP
Key Financial Observations:
Profit After Tax (PAT):
The company witnessed a spectacular surge in profits, with PAT jumping from ₹1.38 Crores in FY24 to ₹11.45 Crores in FY25. This massive growth is attributed to improved operational efficiency, cost reductions, and a one-time gain from asset sales.
Total Income:
Revenue has grown steadily, reaching ₹96.06 Crores in FY25, driven by increased container movement and better realisation per container. The strong momentum continues in the first half of FY26, with revenue of ₹55.86 Crores.
EBITDA:
Operational profit has nearly doubled in FY25 to ₹24.89 Crores, with margins expanding to over 26%. This indicates the company is successfully leveraging its fleet and reducing reliance on third-party vendors.
Total Borrowings:
The company carries a heavy debt load of ₹74.90 Crores as of September 2025, which is high relative to its size. However, the IPO proceeds are crucially earmarked to repay ₹42.50 Crores of this debt, which will significantly deleverage the balance sheet.
Assets:
Total assets have grown consistently to ₹121.21 Crores, reflecting continuous investment in expanding the vehicle fleet to meet growing demand.
P/E Ratio & Peer Comparison
Based on its Fiscal Year 2025 earnings per share (EPS) of ₹11.45, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 12.4x at the upper end of the price band (₹142).
This valuation appears very reasonable when compared to its listed industry peers.
| Company Name | P/E Ratio | RoNW (%) (FY25) | EPS (₹) |
Ashwini Container Movers (at IPO price) | ~12.4x | 76.82% | 11.45 |
| Pranik Logistics Ltd | 12.34x | 24.36% | 5.85 |
| Premier Roadlines Ltd | 12.40x | 17.61% | 7.09 |
Analysis for Investors:
Ashwini Container Movers is priced in line with its peers like Premier Roadlines and Pranik Logistics.
However, it stands out with a significantly superior Return on Net Worth (RoNW) of nearly 77%, compared to 17-24% for its competitors.
This indicates that the company is generating exceptional returns on shareholder capital, making the valuation look attractive for a high-efficiency player.
Industry Outlook
- The Indian logistics sector is on a strong growth trajectory, fueled by the National Logistics Policy and infrastructure upgrades like Dedicated Freight Corridors.
- As a container logistics provider operating near JNPT, India's largest container port, Ashwini Container Movers is strategically positioned to benefit from the rising import-export trade.
- The shift towards organized logistics players and the demand for efficient last-mile connectivity are key tailwinds for the company.
What Are The Strengths and Risks of Ashwini Container Movers IPO?
Strengths:
- Exceptional Financial Turnaround: A massive jump in profitability and margins in the last fiscal year.
- Strategic Location: Strong presence in the high-volume Maharashtra-Gujarat corridor and proximity to JNPT port.
- Operational Efficiency: High asset utilization and a shift to owned fleet have boosted margins.
- Deleveraging Plan: A clear strategy to use IPO proceeds to significantly reduce debt and interest burden.
Risks:
- High Debt: The company is currently highly leveraged, though the IPO aims to address this.
- Geographical Concentration: Heavy reliance on Maharashtra and Gujarat makes the business vulnerable to regional disruptions.
- Customer Concentration: A significant portion of revenue comes from a few top clients.
- Regulatory Risks: The business operates in a regulated sector and has faced compliance delays in the past.
What Are The Expert Recommendations – Should You Apply?
Subscribe
The Ashwini Container Movers IPO presents an interesting opportunity to invest in a high-growth logistics player at a fair price.
- For Value Investors: The P/E of ~12.4x is reasonable, especially given the superior return ratios compared to peers.
- For Growth Investors: The massive profit jump and debt reduction plan indicate potential for future earnings growth.
- Our View: Despite the high debt and regional concentration, the company's operational efficiency and attractive valuation make it a compelling bet. The IPO proceeds will directly address the leverage issue. We recommend "Subscribe" for potential listing gains and long-term holding.
Key Takeaways
- IPO Price Band: ₹135 to ₹142 per share
- Lot Size: 1,000 Shares (Minimum Investment: ₹1,42,000). Note: Minimum investment is ₹2,84,000 for retail as per lot size table (2 lots).
- Allotment & Listing Dates: Tentative listing on December 19, 2025.
- Recommendations of experts: A "Subscribe" recommendation. A financially improving logistics company offered at a fair valuation compared to its peers.
FAQs on Ashwini Container Movers IPO
What is Ashwini Container Movers IPO price band?
The price band for the IPO is set at ₹135 to ₹142 per equity share.
What is Ashwini Container Movers IPO allotment date?
The allotment of shares is tentatively expected to be finalized on Wednesday, December 17, 2025.
How to check Ashwini Container Movers IPO allotment status?
You can check the allotment status on the website of the IPO registrar once the basis of allotment is finalized. You can check the IPO allotment status of all other IPOs at a single place.
What is Ashwini Container Movers IPO listing date?
The company's shares are tentatively scheduled to be listed on the NSE SME platform on Friday, December 19, 2025.
Should I apply for Ashwini Container Movers IPO?
Yes, this is a recommended IPO. The company has shown impressive profit growth and operational efficiency, and the valuation is in line with peers. The debt reduction post-IPO will further strengthen its position. However consult your IFA before investing.
Disclaimer:
This is for informational purposes only and not financial advice. IPO investments are subject to market risks. Please consult your financial advisor before investing.
