Ashwini Container IPO opens today: GMP among key details to know before subscription

Ashwini Container Movers, a Maharashtra-based surface logistics operator, will open its Rs 71 crore IPO for subscription on December 12. The book-built issue is entirely a fresh sale of 50 lakh shares and will list on the NSE SME platform on December 19. The public offer closes on December 16, with allotment scheduled for December 17 and refunds and demat credits on December 18.

The company has fixed a price band of Rs 135 to Rs 142 per share. The minimum application size for retail investors is two lots, or 2,000 shares, requiring an investment of Rs 2,84,000 at the upper band. The grey market premium for the IPO is around 5%, indicating muted but positive sentiment ahead of listing.

Company overview

Ashwini Container Movers operates a fleet of more than 300 containerised vehicles and specialises in full container load (FCL) freight movement across Maharashtra and Gujarat. The company also handles less-than-container load (LCL) and over-dimension cargo. Its operations include reefer and dry-container transportation for B2B clients, connecting factories with ports and distribution hubs.

The company’s financial profile has strengthened significantly in the last two years. Revenue rose 21% in FY25 to Rs 96 crore, while profit after tax jumped from Rs 1.38 crore in FY24 to Rs 11.45 crore in FY25 and Rs 9.91 crore in the first half of FY26.

The company plans to use Rs 42.50 crore from the proceeds to repay debt and Rs 8.07 crore to fund new truck purchases. Promoter shareholding will fall from 100% pre-issue to 66.47% post-issue.

With rising port traffic and containerised transport demand, the company is positioning itself as a regional player ready to scale. Investors will watch subscription trends across institutional and retail categories as the issue progresses through the week.

Corporate Professionals Capital is the book running lead manager, and Bigshare Services is the registrar.

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