The proposed IPO is subject to requisite approvals, market conditions, and filing of the RHP
Ashwini Container Movers (ACMPL), a Navi Mumbai-based cargo transportation specialist for the food, pharma and a host of other industries, with major operations in Maharashtra and Gujarat, plans to raise approximately ₹65 crore through a fresh issue of equity shares to support strategic financial objectives and business expansion, following receipt of in-principle approval from NSE Emerge for its proposed Initial Public Offering.
The capital raise will comprise up to 50,00,000 Equity Shares of face value ₹10 each through the book-building route. Corporate professionals Capital is the book running lead manager, and Bigshare Services is the registrar to the issue.
A significant portion of the proceeds, approximately ₹56.94 crore, is allocated for repayment/prepayment of outstanding loans to optimize the company’s capital structure, while ₹8.06 crore will fund capital expenditure for expanding its truck fleet and general corporate purposes.
ACMPL reported ₹45.61 crore in revenue and ₹5.46 crore PAT in H1 FY25, ended September 30, 2024, reflecting substantial growth from FY24’s full-year PAT of ₹1.37 crore and revenue of ₹78.77 crore.
ACMPL, a Navi Mumbai-based cargo transportation specialist with major operations in Maharashtra and Gujarat, leverages a fleet of 250+ containerized trucks (20-ft and 40-ft) and advanced technology platforms, including its proprietary Clay Soft operational software and Elixia real-time tracking system.
The company serves import-export logistics through full container load (FCL), less container load (LCL), and over dimension cargo (ODC) solutions, focusing on port-to-factory transportation.
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