Ashwini Container Movers is launching an IPO worth ₹71 crore, consisting entirely of a fresh issue of 50 lakh shares. The subscription window will be open from 12 December to 16 December 2025, with allotment expected on 17 December. The company’s shares are likely to list on the NSE SME platform on 19 December 2025.
The IPO has a price band of ₹135–₹142 per share, and the lot size is 1,000 shares. Retail investors must apply for at least 2 lots (2,000 shares), requiring an investment of ₹2,84,000 at the upper price. HNIs must apply for a minimum of 3 lots (3,000 shares), amounting to ₹4,26,000.
Corporate Professionals Capital Pvt. Ltd. is managing the issue, Bigshare Services Pvt. Ltd. is the registrar, and Choice Equity Broking Pvt. Ltd. will act as the market maker.
Ashwini Container Movers IPO Objectives
- The company will use a major portion of the IPO funds (₹4,250 lakh) to repay or pre-pay part of its existing loans. As of 30 September 2025, total borrowings stood at ₹7,423.38 lakh. Reducing this debt will help lower interest costs and strengthen the company’s balance sheet.
- The company plans to spend ₹903.37 lakh from the IPO proceeds to buy 22 new container trucks. This will expand its existing fleet of over 300 vehicles and improve capacity, efficiency, and safety. The quotation received for the trucks is valid until 31 December 2025.
- A portion of the IPO proceeds will be allocated toward general corporate activities, such as expansion plans, working capital needs, strategic initiatives, asset development, and other business requirements. This amount will not exceed 15% of the gross issue size or ₹10 crore, whichever is lower, as per SEBI regulations.
About Ashwini Container Movers
Ashwini Container Movers Limited, incorporated in April 2012, is a logistics company providing cargo transportation services across India, mainly in Maharashtra and Gujarat.
The company focuses on transporting goods using containerised trucks. As of 30 September 2025, it operates a fleet of over 300 trucks, including 20-foot and 40-foot containers.
It primarily serves B2B clients, moving bulk goods between factories and ports for importers and exporters. The company specialises in Full Container Load (FCL) services, offering both reefer and dry containers, and also handles Less Container Load (LCL) and Over Dimension Cargo (ODC). FCL services assign a truck to a single shipment, ensuring safe and secure transport for large quantities.
As of September 30, 2025, the company has 154 employees, including directors managing finance, operations, and driving.
Ashwini Container Movers is certified with ISO 9001, 14001, and 45001, and complies with GDP standards for product distribution, CTPAT (US) requirements, and FSSAI regulations.
Industry Outlook
- The Indian logistics market is expected to grow from US$107.16 billion (₹9 trillion) in FY23 to US$159.54 billion (₹13.4 trillion) by FY28, at a CAGR of 8–9%, offering significant opportunities for Ashwini Container Movers to expand operations and increase revenue in its key regions.
- With the completion of Dedicated Freight Corridors (96% as of April 2024) and improved port infrastructure through privatisation, transport efficiency is rising, enabling the company to reduce transit times and logistics costs while enhancing service reliability.
- Organised logistics players currently control around 80% of the market, and segments like express logistics and less-than-truckload (LTL) are growing at 14% and 10% CAGR, creating opportunities for Ashwini Container Movers to scale its FCL, LCL, and ODC services and cater to faster, smaller shipments for B2B clients.
How To Apply for the Ashwini Container Movers IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Ashwini Container Movers IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Ashwini Container Movers IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Ashwini Container Movers IPO
Registered Office: Ashwini Container Movers Ltd. Address, 409, Skylark Premises Co-op Society Ltd., Sector 11, Plot No. 63, Thane, Maharashtra, 400614
Phone: +91 22- 27420030
Email: compliance@ashwinimovers.com
Ashwini Container Movers IPO Reservation
| Investor Category | % of Shares Offered |
| Market Maker Shares Offered | 5.00% |
| QIB Shares Offered | 47.28% |
| NII (HNI) Shares Offered | 14.40% |
| Retail Shares Offered | 33.32% |
| Total Shares Offered | 100.00% |
Ashwini Container Movers IPO Lot Size Details
| Application Type | Lots | Shares | Amount (₹) |
| Individual Investors (Retail) (Min) | 2 | 2,000 | 2,84,000 |
| Individual Investors (Retail) (Max) | 2 | 2,000 | 2,84,000 |
| S-HNI (Min) | 3 | 3,000 | 4,26,000 |
| S-HNI (Max) | 7 | 7,000 | 9,94,000 |
| B-HNI (Min) | 8 | 8,000 | 11,36,000 |
Ashwini Container Movers IPO Promoter Holding
The company’s promoters are Mr. Bhaskar Kisan Pawar and Mr. Govind Janabhau Sable.
| Category | Holding (%) |
| Promoter Holding | 100.00% |
| Post-IPO Holding | 66.47% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Ashwini Container Movers IPO
| Metric (Unit) | Value (As of March 31, 2025) |
| Growth in Revenue from Operations (%) | 19.48 |
| EBITDA Margin (%) | 26.44 |
| Growth in EBITDA (%) | 82.40 |
| ROCE (%) | 25.39 |
| ROE / RoNW (%) | 76.82 |
Ashwini Container Movers IPO Prospectus
Ashwini Container Movers IPO Registrar and Lead Managers
Ashwini Container Movers IPO Lead Managers
Corporate Professionals Capital Pvt.Ltd.
Registrar for Ashwini Container Movers IPO
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Financial Performance of Ashwini Container Movers
| Metric (Unit) | Sept 2025 | FY 2025 | FY 2024 |
| Revenue from Operations (₹ lakh) | 5,490.61 | 9,412.05 | 7,877.25 |
| EBITDA (₹ lakh) | 1,900.81 | 2,488.80 | 1,364.46 |
| Operating Cash Flow (₹ lakh) | 771.02 | 1,991.79 | 807.99 |
| PAT (₹ lakh) | 990.62 | 1,145.24 | 137.78 |
| EPS (₹) | 9.91 | 11.45 | 1.38 |
Ashwini Container Movers Peer Comparison
| Name of Company | EPS (₹) | RoNW (%) | NAV (₹) | PAT (₹ Lakhs) |
| Ashwini Container Movers Limited | 11.45 | 76.82% | 20.42 | 1,145.24 |
| Pranik Logistics Limited | 5.85 | 24.36% | 34.40 | 644.42 |
| Premier Roadlines Limited | 7.09 | 17.61% | 38.96 | 1,568.58 |
Strengths and Opportunities for Ashwini Container Movers IPO
- Strong, diverse customer base with high retention ensures stable and recurring business demand.
- Use of advanced fleet technology improves monitoring, efficiency, safety, and operational transparency.
- Experienced promoters bring decades of logistics industry expertise driving strategic company growth.
- Strategic presence at JNPT enables efficient operations and reliable container handling services.
- Expanding vehicle fleet enhances capacity to meet rising customer demand across regions.
Risks and Threats for Ashwini Container Movers IPO
- Heavy revenue dependence on Maharashtra increases vulnerability to regional disruptions and slowdowns.
- No long-term client contracts create uncertainty in sales visibility and revenue stability.
- Ageing fleet raises maintenance costs and reduces operational efficiency over time.
- Negative cash flows from investments limit liquidity and strain future expansion plans.
- Similar businesses within promoter group may create conflicts of interest and competition.
