Ashapura Logistics Ltd IPO

Ashapura Logistics Limited was incorporated as `Ashapura Forwarders Private Limited' at Ahmedabad, Gujarat as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated April 02, 2002, issued by the Registrar of Companies, Gujarat. Thereafter, the Company was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of the Shareholders held on April 01, 2021, and consequently the name of the Company was changed to `Ashapura Forwarders Limited', pursuant to a fresh certificate of incorporation issued by the Registrar of Companies, Ahmedabad, on April 12, 2021. The name of the company was further changed to `Ashapura Logistics Limited', pursuant to a special resolution passed in the extraordinary general meeting of the Shareholders held on December 08, 2022, and fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad, on January 02, 2023.

The Company is an integrated logistics company in India, primarily operating in (i) Cargo handling and freight forwarding segment; (ii) Transportation (including project logistics and third-party logistics (3PL); (iii) Warehousing and Distribution and (iv) other services (including coastal movement). The Company operates in Logistic, Transportation and freight forwarding industry.

Ashapura Logistics Limited is an integrated logistics company in India, primarily operating in (i) Cargo handling and freight forwarding segment; (ii) Transportation (including project logistics and third-party logistics (3PL)); (iii) Warehousing and Distribution and (iv) other services (including coastal movement). The Company has pan-India operations through its network of 9 (Nine) branch offices as at the Date of Draft Red Herring Prospectus. With over 20 (Twenty) years of its operational experience since inception, the company provides differentiated logistics solutions with its: (a) pan-India presence, (b) integrated service offerings, (c) focus on improving service through technology, and (d) large network of vehicle fleet. The management has focused on providing quality services to its customers over decades of operations and thereby building credibility with its customer base, including its longstanding customers. The company is benefited from the extensive experience of its promoter Mr. Sujith Chandrasekhar Kurup, who is associated with the company since its incorporation and having experience of more than 25 (Twenty-Five) years in the Logistic Industry. Its Board of Directors, Key Managerial Personnel and Senior Management Personnel has also provided significant contribution in the growth of the company.