Ashwini Container Movers Ltd IPO
Status: Closed
Overview
IPO date
12 Dec 2025 to 16 Dec 2025
Face value
₹ 10 per share
Price
₹ 135 to ₹142 per share
Issue Size
5,000,000 shares
(aggregating up to ₹ 71 Cr)
(aggregating up to ₹ 71 Cr)
Allotment Date
17 Dec 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Logistics
Objectives of Ashwini Container Movers Ltd IPO
Ashwini Container Movers Ltd IPO Strategy
About Ashwini Container Movers Ltd
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T&C*
Strengths vs Risks of Ashwini Container Movers Ltd
Know the pros & cons
Strengths
Long-standing business and track record.- Strong relationship with diverse customer base.
- Strong knowledge and experience of the company promoters.
Risks
- There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC.
- There have been some instances of delays in filing of statutory and regulatory dues in the past with the various government authorities.
- The average cost of acquisition of Equity Shares by our Promoters may be lower than the issue price of Equity Share.
- Our Promoters and promoter group have significant controlling interest over the Company and have the ability to direct our business and affairs; their interests may conflict with your interests as a shareholder. Further they have an interest in our Company other than reimbursement of expenses incurred or normal remuneration or benefits.
- Certain Agreements, deeds or licenses may be in the previous name of the company or registered in the previous registered office of the company.
- Any disruptions which affect our ability to utilize the transportation network in an uninterrupted manner could result in delays, additional costs or a loss of reputation or profitability.
- Our business is significantly dependent on technology and any disruption or failure of our technology systems may affect our operations.
- The increase in the age of our vehicles and an increase in the prices of vehicles may adversely affect our business and results of operations.
- We are exposed to the risk of delays or non-payment by our clients and other counterparties, which may also result in cash flow mismatches.
- We are exposed to various transportation risks, including delays caused by restricted port access, geopolitical tensions, adverse weather conditions, and both direct and indirect accidents. These risks may lead to cargo loss or damage, personal injury claims, or other operational challenges, which may not always be adequately insured.
- Our operations are subject to environmental, health and safety laws and regulations. Our operations are subject to various Central and State environmental laws and regulations.
- Potential Conflicts of Interest with Group Companies and Sole Proprietorship firms of Promoters or their immediate relatives.
- The absence of long-term agreements with clients exposes the business to fluctuations in sales and operational risks, including the potential loss of key clients and increased competition.
- The company generates its major portion of revenue from the company operations in certain geographical regions and any adverse developments affecting its operations in these regions could has an adverse impact on its revenue and results of operations.
- The Company has negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operation
- Non-Filing of Return of Allotment Forms for Preferential Allotment dated April 16, 2012, and Rights Issue Dated February 16, 2015.
- The Company, Promoters and Directors and subsidiary are party to certain tax proceedings, any adverse decision in such proceedings may has a material adverse effect on its business, results of operations and financial condition.
- There has been an instance of non-compliance with Auditor Appointment.
- There has been an instance of non-compliance with requirement of de materialization of shares.
- The increase in the age of the company vehicles and an increase in the prices of vehicles may adversely affect its business and results of operations.
- The Company has potential risks associated with disruptions or failures in Information Technology Systems, including cybersecurity vulnerabilities.
- The Company does not own the premises used by it as Parking Facilities for the company trucks and same has been taken on rent, leading to potential risk associated with non-renewal of rent agreements.
- Its business is dependent on the road network in India and the company ability to utilize its vehicles in an uninterrupted manner. Any disruptions or delays in this regard could adversely affect it and lead to a loss of reputation and/or profitability.
- A significant part of Its revenue is derived from a limited number of customers. The loss of one or more key customers could materially and adversely impact the company business, cash flow, operational results, and financial condition.
- Inadequate driver profiling & experience verification, inappropriate behavior, and high turnover rate could lead to safety issues, operational disruptions, and increased costs, impacting service reliability and profitability.
- Protests and Strikes by Drivers May Adversely Affect its Business Operations.
- The company has been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC.
- The company has been some instances of delays in filing of statutory and regulatory dues in the past with the various government authorities.
- The average cost of acquisition of Equity Shares by its Promoters may be lower than the issue price of Equity Share.
- The company Contingent Liability and Commitments could affect its financial position.
- Its substantially and heavily dependent upon the services of the company Promoters for its entire business. Further, the company success depends largely upon the services of its Directors, Promoters and other Key Managerial Personnel and its ability to attract and retain them.
- The company insurance coverage may not be adequate to protect it against certain operating hazards and this mayhas a material adverse effect on its business and financial conditions.
- The company intend to utilize a portion of the Net Issue Proceeds for funding its Capital Expenditure for purchase of trucks. the company yet to place orders for such trucks.
- Any delays in the schedule of implementation of the company proposed objects could has an adverse impact on its business, financial condition and results of operations.
- Its Promoters and Promoter Group will continue to retain majority shareholding in the Company after this Issue which will allow it to exercise significant influence over it.
- The Objects of the Issue for which funds are being raised are based on the company management estimates and the same has not been appraised by any bank or financial institution or any independent agency. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titled Objects of the Issue.
- Its may not be able to adequately protect or continue to use the company intellectual property.
- Potentials Adverse Impact on Business Operations Due to Delays or Defaults in Vendor Payments.
- Improper handling of goods could damage its reputation and has an adverse effect on the company business, results of operations and financial condition.
- Its business is subject to risk of Traffic Violations and Challans.
- Any adverse impact on the company clients who due to restrictions on import or export on goods they operate in, may result in loss of business for it.
- Accidents could result in the slowdown or stoppage of the company operations and could also cause damage to life and property.
- The company Long-term Growth and Competitiveness Depend on its Ability to Control Costs and Effectively Pass on increase in operating expenses.
- The company Success Depends on Generating Sufficient Freight Volumes and Optimizing Revenue to achieve desired profit margin.
- The company has in past entered into related party transactions and its may continue to does so in the future.
- Its inability to deliver products in a timely manner may affect the company reputation and business prospects.
- The Company requires a significant amount of working capital for continuing growth. its inability to meet the company working capital requirements may adversely affect its results of operations.
- Its marketing and advertising activities may not be successful in increasing the popularity of the Company among customers. If its marketing or advertising initiatives are not effective, this may affect the popularity of the Company.
- The company required to maintain certain approvals and licenses required in the ordinary course of business and
the failure to obtain or renew them in a timely manner or at all may adversely affect its operations.
- If its unable to continue to innovate or if the company fail to adapt to changes in its industry, its business, financial condition, cash flows and results of operations would be adversely affected.
- The Company may incur penalties or liabilities for non-compliance with certain provisions of the GST Act, Income Tax and other applicable laws in previous years.
- Its Promoters and promoter group has significant controlling interest over the Company and has the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder. Further they has an interest in the Company other than reimbursement of expenses incurred or normal remuneration or benefits.
- Certain Agreements, deeds or licenses may be in the previous name of the company or registered in the previous registered office of the company.
- Any disruptions which affect its ability to utilize the transportation network in an uninterrupted manner could result in delays, additional costs or a loss of reputation or profitability.
- Its business is significantly dependent on technology and any disruption or failures of the company technology systems may affect its operations.
- Its exposed to the risk of delays or non-payment by the company clients and other counter parties, its may also result in cash flow mismatches.
- The company exposed to various transportation risks, including delays caused by restricted port access, geopolitical tensions, adverse weather conditions, and both direct and indirect accidents. These risks may lead to cargo loss or damage, personal injury claims, or other operational challenges, which may not always be adequately insured.
- The company operations are subject to environmental, health and safety laws and regulations. its operations are subject to various Central and State environmental laws and regulations.
- Its business relies heavily on technology, including software for vehicle tracking and GPS systems. Any disruption, such as server slowdowns or cyberattacks on GPS systems, could significantly impact the insights on whereabouts of the trucks, its operations and overall performance.
Ashwini Container Movers Ltd Peer Comparison
Understand the company’s industry standing
Ashwini Container Mover Limited
Pranik Logistics Limited
Premier Roadlines Limited
Face Value
10
10
10
Standalone / Consolidated
Standalone
Standalone
Standalone
Total Income Rs. Cr.
---
---
---
EPS-Basis
11.45
5.85
7.09
EPS-Diluted
---
---
---
NAV Per Share
20.42
34.4
38.96
P/E-Basic EPS
---
12.34
12.4
P/E-Diluted EPS
---
---
---
RONW(%)
76.82
24.36
17.61
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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Select company from dropdown menu.
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The IPO opens on 12 Dec 2025 & closes on 16 Dec 2025.
Ashwini Container Movers Limited was incorporated on April 12, 2012, under the name of 'Ashwini Container Movers Private Limited', as a Private Limited Company with the Registrar of Companies, Mumbai. Thereafter, the status of the Company was converted from Private Limited to Public Limited and the name was changed from 'Ashwini Container Movers Private Limited' to 'Ashwini Container Movers Limited' vide fresh Certificate of Incorporation dated August 7, 2024 issued by the Registrar of Companies, Central Processing Centre.
Ashwini Container Movers Limited is a commercial transportation provider engaged in transportation of cargo across various regions in India, with a significant portion of its operations concentrated in the states of Maharashtra and Gujarat. Company is engaged in providing surface transportation of goods in containerized trucks. It mainly serve B2B customers which require transporting bulk quantities of their goods from one place to another within India specifically from Factory of the clients to port or vice versa. In 2023, the Company expanded its fleet to more than 200, improving the capacity and service offerings. It further increased the size of the fleet to over 250 to meet growing demand and optimize operations.
Company primarily focusses in Full Container Load (FCL) transportation, providing reefer and non - operating reefer containers (dry container) and also engaged in Less Container Load (LCL) and Over Dimension Cargo (ODC). FCL involves dedicating an entire truck to a single shipment, making it ideal for businesses transporting large quantities of goods or requiring exclusive truck use for secure and efficient delivery. On the other hand, LCL consolidates shipments from multiple customers into a single truck, where each shipment occupies a portion of the truck's capacity.
Company launched the IPO of 50,00,000 equity shares of Rs 10 each by raising funds aggregating to Rs 71 crores through fresh issue on December 16, 2025.
Ashwini Container Movers Ltd IPO will close on 16 Dec 2025.
- Long-standing business and track record.
- Strong relationship with diverse customer base.
- Strong knowledge and experience of the company promoters.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Bhaskar Kisan Pawar | 4860000 | 48.6 | 4860000 | 32.4 |
| 2 | Govind Janabhau Sable | 4860000 | 48.6 | 4860000 | 32.4 |
| 3 | Sainath Bhaskar Pawar | 40000 | 0.4 | 40000 | 0.27 |
| 4 | Sujata Govind Sable | 60000 | 0.6 | 60000 | 0.4 |
| 5 | Sairaj Govind Sable | 60000 | 0.6 | 60000 | 0.4 |
| 6 | Sunita Bhaskar Pawar | 40000 | 0.4 | 40000 | 0.27 |
| 7 | Shweta Sainath Pawar | 40000 | 0.4 | 40000 | 0.27 |
| 8 | Sanjay Balu Gunjal | 40000 | 0.4 | 40000 | 0.27 |
- There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC.
- There have been some instances of delays in filing of statutory and regulatory dues in the past with the various government authorities.
- The average cost of acquisition of Equity Shares by our Promoters may be lower than the issue price of Equity Share.
- Our Promoters and promoter group have significant controlling interest over the Company and have the ability to direct our business and affairs; their interests may conflict with your interests as a shareholder. Further they have an interest in our Company other than reimbursement of expenses incurred or normal remuneration or benefits.
- Certain Agreements, deeds or licenses may be in the previous name of the company or registered in the previous registered office of the company.
- Any disruptions which affect our ability to utilize the transportation network in an uninterrupted manner could result in delays, additional costs or a loss of reputation or profitability.
- Our business is significantly dependent on technology and any disruption or failure of our technology systems may affect our operations.
- The increase in the age of our vehicles and an increase in the prices of vehicles may adversely affect our business and results of operations.
- We are exposed to the risk of delays or non-payment by our clients and other counterparties, which may also result in cash flow mismatches.
- We are exposed to various transportation risks, including delays caused by restricted port access, geopolitical tensions, adverse weather conditions, and both direct and indirect accidents. These risks may lead to cargo loss or damage, personal injury claims, or other operational challenges, which may not always be adequately insured.
- Our operations are subject to environmental, health and safety laws and regulations. Our operations are subject to various Central and State environmental laws and regulations.
- Potential Conflicts of Interest with Group Companies and Sole Proprietorship firms of Promoters or their immediate relatives.
- The absence of long-term agreements with clients exposes the business to fluctuations in sales and operational risks, including the potential loss of key clients and increased competition.
- The company generates its major portion of revenue from the company operations in certain geographical regions and any adverse developments affecting its operations in these regions could has an adverse impact on its revenue and results of operations.
- The Company has negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operation
- Non-Filing of Return of Allotment Forms for Preferential Allotment dated April 16, 2012, and Rights Issue Dated February 16, 2015.
- The Company, Promoters and Directors and subsidiary are party to certain tax proceedings, any adverse decision in such proceedings may has a material adverse effect on its business, results of operations and financial condition.
- There has been an instance of non-compliance with Auditor Appointment.
- There has been an instance of non-compliance with requirement of de materialization of shares.
- The increase in the age of the company vehicles and an increase in the prices of vehicles may adversely affect its business and results of operations.
- The Company has potential risks associated with disruptions or failures in Information Technology Systems, including cybersecurity vulnerabilities.
- The Company does not own the premises used by it as Parking Facilities for the company trucks and same has been taken on rent, leading to potential risk associated with non-renewal of rent agreements.
- Its business is dependent on the road network in India and the company ability to utilize its vehicles in an uninterrupted manner. Any disruptions or delays in this regard could adversely affect it and lead to a loss of reputation and/or profitability.
- A significant part of Its revenue is derived from a limited number of customers. The loss of one or more key customers could materially and adversely impact the company business, cash flow, operational results, and financial condition.
- Inadequate driver profiling & experience verification, inappropriate behavior, and high turnover rate could lead to safety issues, operational disruptions, and increased costs, impacting service reliability and profitability.
- Protests and Strikes by Drivers May Adversely Affect its Business Operations.
- The company has been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC.
- The company has been some instances of delays in filing of statutory and regulatory dues in the past with the various government authorities.
- The average cost of acquisition of Equity Shares by its Promoters may be lower than the issue price of Equity Share.
- The company Contingent Liability and Commitments could affect its financial position.
- Its substantially and heavily dependent upon the services of the company Promoters for its entire business. Further, the company success depends largely upon the services of its Directors, Promoters and other Key Managerial Personnel and its ability to attract and retain them.
- The company insurance coverage may not be adequate to protect it against certain operating hazards and this mayhas a material adverse effect on its business and financial conditions.
- The company intend to utilize a portion of the Net Issue Proceeds for funding its Capital Expenditure for purchase of trucks. the company yet to place orders for such trucks.
- Any delays in the schedule of implementation of the company proposed objects could has an adverse impact on its business, financial condition and results of operations.
- Its Promoters and Promoter Group will continue to retain majority shareholding in the Company after this Issue which will allow it to exercise significant influence over it.
- The Objects of the Issue for which funds are being raised are based on the company management estimates and the same has not been appraised by any bank or financial institution or any independent agency. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titled Objects of the Issue.
- Its may not be able to adequately protect or continue to use the company intellectual property.
- Potentials Adverse Impact on Business Operations Due to Delays or Defaults in Vendor Payments.
- Improper handling of goods could damage its reputation and has an adverse effect on the company business, results of operations and financial condition.
- Its business is subject to risk of Traffic Violations and Challans.
- Any adverse impact on the company clients who due to restrictions on import or export on goods they operate in, may result in loss of business for it.
- Accidents could result in the slowdown or stoppage of the company operations and could also cause damage to life and property.
- The company Long-term Growth and Competitiveness Depend on its Ability to Control Costs and Effectively Pass on increase in operating expenses.
- The company Success Depends on Generating Sufficient Freight Volumes and Optimizing Revenue to achieve desired profit margin.
- The company has in past entered into related party transactions and its may continue to does so in the future.
- Its inability to deliver products in a timely manner may affect the company reputation and business prospects.
- The Company requires a significant amount of working capital for continuing growth. its inability to meet the company working capital requirements may adversely affect its results of operations.
- Its marketing and advertising activities may not be successful in increasing the popularity of the Company among customers. If its marketing or advertising initiatives are not effective, this may affect the popularity of the Company.
- The company required to maintain certain approvals and licenses required in the ordinary course of business and the failure to obtain or renew them in a timely manner or at all may adversely affect its operations.
- If its unable to continue to innovate or if the company fail to adapt to changes in its industry, its business, financial condition, cash flows and results of operations would be adversely affected.
- The Company may incur penalties or liabilities for non-compliance with certain provisions of the GST Act, Income Tax and other applicable laws in previous years.
- Its Promoters and promoter group has significant controlling interest over the Company and has the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder. Further they has an interest in the Company other than reimbursement of expenses incurred or normal remuneration or benefits.
- Certain Agreements, deeds or licenses may be in the previous name of the company or registered in the previous registered office of the company.
- Any disruptions which affect its ability to utilize the transportation network in an uninterrupted manner could result in delays, additional costs or a loss of reputation or profitability.
- Its business is significantly dependent on technology and any disruption or failures of the company technology systems may affect its operations.
- Its exposed to the risk of delays or non-payment by the company clients and other counter parties, its may also result in cash flow mismatches.
- The company exposed to various transportation risks, including delays caused by restricted port access, geopolitical tensions, adverse weather conditions, and both direct and indirect accidents. These risks may lead to cargo loss or damage, personal injury claims, or other operational challenges, which may not always be adequately insured.
- The company operations are subject to environmental, health and safety laws and regulations. its operations are subject to various Central and State environmental laws and regulations.
- Its business relies heavily on technology, including software for vehicle tracking and GPS systems. Any disruption, such as server slowdowns or cyberattacks on GPS systems, could significantly impact the insights on whereabouts of the trucks, its operations and overall performance.
The Issue type of Ashwini Container Movers Ltd is Book Building - SME.
The minimum application for shares of Ashwini Container Movers Ltd is 2000.
The total shares issue of Ashwini Container Movers Ltd is 5000000.
Initial public issue of 50,00,000* equity shares of face value of Rs. 10/- each ("Equity Shares") of Ashwini Container Movers Limited ("Company") for cash at a price of Rs. 142/- per equity share (Including a Share Premium of Rs. 132/- per Equity Share) ("Issue Price") aggregating up to Rs. 71/- crores of which up to 2,50,000* equity shares of face value of Rs. 10/- each for cash at a price of Rs. 142/- per equity share including a share premium of Rs. 132/- per equity share aggregating to Rs. 3.55 will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 47,50,000* equity shares of face value of Rs. 10/- each at a price of Rs. 142/- per equity share aggregating to Rs. 67.45 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 33.33% and 31.67% respectively of the post issue paid up equity share capital of the company.
Face value of the equity share is INR 10 each
The issue price is INR 142/-
Anchor investor issue price : INR 142 per equity share
The issue price is 14.20 Times of the face value of the equity shares.