Ashwini Container Movers IPO 2025 — Complete Review: Dates, Price Band, Financials & Risks

- December 09, 2025

The Ashwini Container Movers Ltd IPO is one of the latest SME public offers in the logistics and transportation industry. The company is a well-established logistics provider founded in 2012 and has shown steady operational growth over recent years. This IPO aims to fuel expansion, improve working capital, and strengthen the company’s operational efficiency.

Here is a complete and highly detailed breakdown of the IPO, including dates, price band, strengths, risks, financial performance, important details, and frequently asked questions.

IPO Overview

Company Name: Ashwini Container Movers Limited
Industry: Logistics & Commercial Transportation
Issue Type: SME IPO
IPO Size: ₹71 crore (approx.)
Price Band: ₹135 – ₹142 per share
Lot Size: 1,000 shares
Minimum Investment: ₹2,70,000 (for 1000 shares at upper band)
Face Value: ₹10 per share
Exchange Listing: NSE – SME

📅 Important Dates for Ashwini Container Movers IPO

Event	Date
IPO Opening Date	12 December 2025
IPO Closing Date	16 December 2025
Allotment Date (Tentative)	17 December 2025
Refunds Initiation	18 December 2025
Shares Credit to Demat	18 December 2025
Listing Date	19 December 2025

📌 About Ashwini Container Movers Ltd

Ashwini Container Movers Ltd is a logistics and commercial transportation company incorporated on April 12, 2012. The company provides a wide range of services, including:

Containerized transportation
Fleet operations
Vehicle tracking
Warehouse logistics
Multi-industry supply chain support

The company operates both owned trucks (317 vehicles) and hired vehicles. Their use of Clay Soft and Elida software enhances operational tracking, safety, and efficiency.

Managing Director & CEO: Mr. Govind Janabhau Sable
Parent Organization: Ashwini Container Movers Limited

🔹 Strengths of Ashwini Container Movers Ltd

✔️ 1. Large Owned & Hired Fleet

As of September 30, 2023, the company operates 317 vehicles, including owned and dry container trucks. This provides operational flexibility and higher volume support.

✔️ 2. Technology-Driven Operations

They use Clay Soft & Elida software for real-time operational management, vehicle tracking, and monitoring systems.

✔️ 3. Multi-Industry Client Base

The company serves sectors such as:

Agriculture
Automobiles
Manufacturing
Pharmaceuticals
Petrochemicals

This diversification reduces dependency on any single sector.

✔️ 4. Skilled Staff & Driver Training

Frequent training sessions are provided on:

Traffic compliance
Fire safety
Accident management
Vehicle handling

✔️ 5. Strong Revenue Growth

Revenue has risen consistently:

FY23: ₹76.87 crore
FY24: ₹78.27 crore
FY25: ₹84.12 crore

🔹 Risks of Ashwini Container Movers Ltd

❌ 1. Conflict of Interest with Group Companies

Multiple group entities operate in similar businesses, which could cause competition.

❌ 2. High Regional Concentration

Majority of revenue comes from Maharashtra. Any slowdown in that region may impact overall performance.

❌ 3. Negative Cash Flow

Company witnessed negative cash flows in several years, affecting liquidity and expansion capability.

❌ 4. Legal Proceedings

Promoters and directors are involved in ongoing legal cases which may impact business reputation and operations.

❌ 5. High Maintenance Cost

As the fleet ages, higher maintenance expenses may reduce operating margin.

❌ 6. Limited Customer Concentration

Top 10 customers contribute around 51.52% of revenue. Loss of any major client may severely impact business.

❌ 7. Driver Availability Dependency

Shortage of skilled drivers, strikes, or labour issues can directly affect logistics performance.

❌ 8. Outstanding Debt

As of Sept 30, 2023, the company had ₹24.73 crore outstanding financial liabilities.

❌ 9. High Trade Receivables

Trade receivables at FY25 stood at ₹34.82 crore, posing cash flow risks.

📊 Financial Performance of Ashwini Container Movers Ltd

Revenue Growth (in ₹ crore)

FY23: ~76.87
FY24: ~78.27
FY25: ~84.12

Profit Growth (in ₹ crore)

FY23: ~0.88
FY24: ~1.47
FY25: ~1.96

Total Assets (in ₹ crore)

FY23: 35.80
FY24: 36.77
FY25: 38.17

Overall Observation:
The company shows steady revenue and profit growth with an expanding asset base. However, cash flow issues and high receivables remain concerns.

📝 IPO Application Details

Category	Details
Investor Category	Individual Investor
Lot Size	1,000 shares
Minimum Order Quantity	1 lot
Minimum Investment	₹2–5 lakh
Price Band	₹135 – ₹142

🔹 How to Apply for Ashwini Container Movers IPO?

Investors can apply through:

UPI-based applications via brokerage platforms
Online net banking (ASBA)
Demat account brokers

Pre-apply opens 4 days before the IPO subscription start date.

❓ Top Ashwini Container Movers IPO FAQs

1. What is the issue size of Ashwini Container Movers Ltd IPO?

The issue size is approximately ₹71 crore.

2. What is the price band?

The IPO price band is ₹135 to ₹142 per share.

3. What is the lot size?

The minimum lot size is 1,000 shares.

4. When does the IPO open and close?

Opens on 12 December 2025
Closes on 16 December 2025

5. When will I get the allotment?

Tentative allotment date: 17 December 2025.

6. When is the listing date?

The listing is scheduled for 19 December 2025 on NSE – SME.

7. Who is the IPO registrar?

BIGSHARE Services Pvt Ltd.

8. Can I apply using UPI?

Yes, UPI is available for retail investors.

9. What is pre-apply?

Pre-apply lets investors apply 4 days early before the actual subscription starts.

🧾 Should You Invest? (Analysis)

Reasons to Consider

Growing revenue and profits
Expanding fleet and client base
Technology-driven logistics operations
Multi-sector customers reduce dependency

Reasons to Be Cautious

Negative cash flows
Legal cases involving promoters
High regional dependency
High receivables and outstanding debt
SME IPOs are generally high risk

Conclusion:
The IPO may appeal to investors seeking exposure to the growing logistics sector, but caution is advisable due to cash flow concerns, legal risks, and operational dependencies. Risk-averse investors should analyze thoroughly before investing.