New Delhi, 19 December (Udaipur Kiran) – Ashwini Container Movers, a company providing cargo transport services across India, saw its shares debut on the stock market with a slight premium. The company issued shares at a price of Rs 142 per share under its IPO. On its listing day on the NSE SME platform, shares opened at Rs 147, reflecting a 3.52 percent premium.
However, selling pressure soon emerged, causing the share price to fall sharply to the lower circuit level of Rs 139.65. As a result, investors in the IPO faced a loss of approximately 1.65 percent on the very first day of trading.
The Rs 71 crore IPO was open for subscription from 12 to 16 December and received an average response from investors, achieving an overall subscription of 1.70 times. The Qualified Institutional Buyers (QIB) portion was subscribed 1.31 times, Non-Institutional Investors (NII) portion saw a 3.50 times subscription, and Retail Investors subscribed 1.15 times. The IPO involved the issuance of 54 lakh new shares with a face value of Rs 10 each.
Funds raised through the IPO are planned to be used for reducing existing debt, purchasing new trucks, and fulfilling general corporate purposes.
Regarding the company’s financial health, the Draft Red Herring Prospectus (DRHP) filed with SEBI shows fluctuating profits over recent years. In the financial year 2022-23, the company earned a net profit of Rs 2.10 crore, which declined to Rs 1.38 crore in 2023-24. However, net profit surged to Rs 11.45 crore in 2024-25. During the same period, the company’s total income grew at a compound annual growth rate of over 11 percent, reaching Rs 96.06 crore.
In the current financial year 2025-26, during the first half (April to September), the company reported a net profit of Rs 9.91 crore and total income of Rs 55.86 crore. By the end of September 2025, the company’s debt stood at Rs 74.90 crore, while reserves and surplus amounted to Rs 20.40 crore.
(Udaipur Kiran)
Deependra Singh Chundawat is a Senior Sub-Editor at Udaipur Kiran, specializing in a wide range of technology topics including mobile phones, applications, gaming, PCs, and wearables. Along with covering the latest tech news, he also creates engaging web stories. Passionate about emerging technologies, he stays up to date with the newest trends and enjoys reading and writing about the latest mobile launches and digital innovations.