Ashwini Container Movers Limited IPO

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Ashwini Container Movers Limited was incorporated on April 12, 2012, a logistics and commercial transportation provider specializing in the movement of containerized cargo across India. The Company’s operations are predominantly focused in Maharashtra and Gujarat, catering primarily to B2B clients engaged in import and export activities.

The Company operates a robust fleet of 300+ containerized trucks (20-feet and 40-feet), enabling efficient transportation of goods between ports and manufacturing facilities. With a focus on reliability, regulatory compliance, and responsive customer support, the Company has built a strong presence in the domestic logistics ecosystem.

Business Model – 2PL Service Provider

Ashwini Container Movers Limited operates as a Second-Party Logistics (2PL) provider, managing direct transportation of goods for clients. As a 2PL provider, the Company:

i) Focuses exclusively on transportation (not warehousing or inventory management)
ii) Offers specialized trucking solutions for various cargo types
iii) Supports clients’ supply chain needs through reliable end-to-end movement of goods

This model enables the Company to deliver cost-efficient, customized, and dependable logistics services across India.

Core Logistics Services

a. Full Container Load (FCL) – Reefer and Dry Containers: FCL services provide dedicated trucks for a single shipment, ideal for large-volume cargo requiring secure, temperature-controlled, or exclusive transportation.

b. Less Container Load (LCL): LCL consolidates multiple shipments into one vehicle, offering a cost-effective solution for small and medium-volume freight.

c. Over-Dimensional Cargo (ODC): The Company handles oversized or heavy cargo such as industrial machinery and large equipment, requiring special transport planning and infrastructure.

Industry Segments Served

Ashwini Container Movers Limited caters to a range of industries, including Pharmaceuticals, Engineering and Automobiles. The Company provides tailored logistics solutions designed to meet the unique handling, temperature, and safety requirements of each sector.

Objects of the Ashwini Container Movers Limited IPO:

Company intends to utilize the proceeds of the Issue to meet the following objects: 1) Repayment or pre-payment of certain borrowings (₹42.50 cr) 2) Capital expenditure requirement towards purchase of trucks (₹9.03 cr) 3) General Corporate Purposes.

Ashwini Container Movers Limited IPO Details:

Open Date: Dec 12 2025
Close Date: Dec 16 2025
Total Shares: 50,00,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 71 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 135 - 142 Per Equity Share
Listing At: NSE Emerge
Listing Date: Dec 19 2025

Promoters And Management:

1. Mr. Bhaskar Kisan Pawar (60), a B.Com graduate with a Diploma in Co-operation and Accountancy, Mr. Pawar has over 13 years of experience in logistics and transportation. He has been a Director of the Company since April 2012 and also serves as a Director at Milecraft International India Private Limited. 2. Mr. Govind Janabhau Sable (48), with more than 13 years of experience in operations and logistics management, Mr. Sable holds a B.Com degree from the University of Pune. He has been associated with the Company as a Director since April 2012 and currently serves as its Managing Director. He is also a Director at Milecraft International India Private Limited. 3. Mr. Sainath Bhaskar Pawar (33), holds a B.E. in Computer Engineering and has over 3 years of experience in technology integration and sales management. Appointed as Whole-Time Director on April 29, 2024, for a five-year term, he contributes to the Company’s technology-led growth initiatives. He is also a Director at BGS Logistics Private Limited.

Financials of Ashwini Container Movers Limited IPO:

Particulars 6M FY2025-26 FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations (Cr) 55 94 79 77
EBITDA (Cr) 19 25 14 12
EBITDA Margins 35% 26% 17% 16%
PAT (Cr) 10 11 1 2
PAT Margins 18% 12% 1% 3%
ROCE 39% 77% 16% 30%
D/E Ratio 2.52 3.06 6.18 5.91
OPerating Cash Flow 7.71 19.91 8.07 10.29

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Ashwini Container Mover Limited 94 26% 12% 77% 3.06 213 19.4
Pranik Logistics Limited 105 11% 3.81% 24.30% 0.94 61 8.2
Premier Roadlines Limited 288 8% 5.56% 22.10% 0.16 183 10.4
Note : Forward P/E 10.6 is According to FY26 PAT

Lead Manager of Ashwini Container Movers Limited IPO:

  1. Corporate Professionals Capital Private Ltd

Registrar of Ashwini Container Movers Limited IPO:

  1. Bigshare Services Private Limited

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