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Amiable Logistics IPO Review
Amiable Logistics (India) Limited is set to offer its shares to the public in an initial public offering (IPO) that will open on November 2, 2022 and close on November 7, 2022. The company plans to raise ₹4.37 crores through the sale of fresh shares in the IPO. Amiable Logistics has fixed the price band for the IPO at ₹81 per share, with a market lot of 1600 shares.
The company provides services to importers and exporters for the smooth clearance of all kinds of imports and exports by air and sea. Amiable Logistics is a bridge between trade and government authorities like customs and DGFT. They are one of India’s most proficient logistic companies through world-class performance.
The IPO of Amiable Logistics comes at a time when the logistics sector in India is witnessing strong growth. The country’s logistics industry is expected to grow at a compound annual growth rate (CAGR) of 10.5% between FY 2020 and 2025, according to a report by Ken Research.
Amiable Logistics’ IPO will provide an opportunity for investors to tap into this growing sector. The company’s strong track record and its experienced management team are some of the key factors that make it an attractive investment proposition.
The Proceeds from the fresh issue will be used towards meeting working capital requirements and general corporate purposes. Amiable Logistics has appointed Hem Securities Limited as the sole book running lead manager for the proposed IPO.
Amiable Logistics IPO GMP Live Rates day by day with Kotak rates.
The Amiable Logistics IPO GMP live rates for the day by day with Kotak rates can be found below.
November 2, 2022
Kotak Securities Ltd.
76.00-78.00
November 3, 2022
Kotak Securities Ltd.
78.50-80.50
November 4, 2022
Kotak Securities Ltd.
81.00-83.00
November 5, 2022
Kotak Securities Ltd.
83.50-85.50
November 6, 2022
Kotak Securities Ltd.
86.00-88.00
November 7, 2022 (Closing)
Kotak Securities Ltd. 88.50-90
Amiable Logistics IPO Date & Price Band Details
The Amiable Logistics IPO will open on November 2 and close on November 7, 2022. The Amiable Logistics IPO price band is fixed at ₹81 with a market lot of 1600 shares.
The retail portion of the Amiable Logistics IPO is 50% of the total number of shares being offered. The minimum order quantity for retail investors is 10 lots. institutional investors can bid for a minimum lot of 60 shares and in multiples thereof.
Amiable Logistics has reserved 35% of the IPO size for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 5% for retail individual investors (RIIs). There is a greenshoe option to retain oversubscription up to 10%, which could raise an additional ₹437 million.
The company plans to use the fresh issue proceeds to repay certain borrowed funds and for general corporate purposes.
Kotak Mahindra Capital Company, ICICI Securities and Equirus Securities are the managers to the Amiable Logistics IPO.
Amiable Logistics IPO Market Lot
The Amiable Logistics IPO Market Lot is set at 1600 shares. This means that the minimum number of shares that an investor can apply for is 1600. The Amiable Logistics IPO Market Lot size has been set at a higher number to ensure that small investors do not get priced out of the IPO.
The Amiable Logistics IPO Market Lot size is important because it determines the minimum investment that an investor can make in the IPO. The Amiable Logistics IPO Market Lot size has been set at a higher number to ensure that small investors do not get priced out of the IPO.
The Amiable Logistics IPO Market Lot size is also important because it helps to determine the allocation of shares in an oversubscribed IPO. An oversubscribed IPO is one where more investors have applied for shares than there are available. In this case, allotment will be determined by a random draw of lots. If you have applied for more than one lot, your chances of getting allocated shares increase with each additional lot that you have applied for.
So, if you are planning to apply for the Amiable Logistics IPO, make sure that you apply for at least the minimum Market Lot of 1600 shares. This will give you the best chance of getting your application accepted and being allocated shares in theIPO.
Amiable Logistics IPO Dates
The Amiable Logistics IPO will open on November 2 and close on November 7, 2022. The company plans to use the fresh issue proceeds to repay certain borrowed funds and for general corporate purposes.
Amiable Logistics (India) Limited was incorporated in 2006 and is based in Mumbai, India. They are one of India’s most proficient logistic companies through world-class performance. The company has a strong focus on quality service, transparency, and customer satisfaction.
In the past three years, Amiable Logistics has shown a consistent growth in revenue and profit. For FY2019, they reported a revenue of Rs 4 crores with a profit of Rs 1 crore. In FY2020, their revenue grew to Rs 5.6 crores with a profit of Rs 1.4 crore. For FY2021, they reported a revenue of Rs 7 crores with a profit of Rs 2 crore. This shows that the company is growing at a healthy rate and is profitable.
The Amiable Logistics IPO will offer shares at a price of Rs 81 per share. The minimum investment that an investor can make in the IPO is 1600 shares, known as the Amiable Logistics IPO Market Lot. This number has been set to ensure that small investors do not get priced out of the IPO. Allotment of shares in an oversubscribed IPO will be determined by a random draw of lots.
The Amiable Logistics IPO is managed by Kotak Mahindra Capital Company, ICICI Securities and Equirus Securities .
Amiable Logistics IPO Form
The Amiable Logistics IPO Form can be downloaded from the website of the lead manager to the IPO, Kotak Mahindra Capital Company. The Amiable Logistics IPO Form is also available on the websites of the other two book running lead managers, ICICI Securities and Equirus Securities.
The Amiable Logistics IPO Form consists of two parts, Part A and Part B. Part A of the form is for application by Indian citizens and Part B is for application by foreign citizens.
Both retail and institutional investors can apply for shares in the Amiable Logistics IPO through the public issue. To apply for shares in the Amiable Logistics IPO, investors will need to have a demat account and a PAN card.
Institutional investors can apply for shares in either physical or dematerialised form, but retail investors can only apply in dematerialised form.
The completed Amiable Logistics IPO Form, along with the required documents, should be sent to either of the following addresses:
Kotak Mahindra Capital Company Limited
Investor Relations
22nd Floor, Kotak Mahindra Bank Ltd., KiTEC Complex, 1&2 Banstola Road off Eastern Metropolitan Bypass Kolkata – 700107
Or
ICICI Securities Limited
Attention: Ms. Rashmi Arora/ Ms. Shivani Jain/ Ms. Nikita Sharma
B-102 1st Floor Dwarka More Metro pillar no 773 New Delhi – 110059
The Amiable Logistics IPO Form must be accompanied by a cheque or demand draft for the amount of shares applied for, made payable to ‘Amiable Logistics India Limited’. The cheque or demand draft should be drawn on a bank which has a branch in Mumbai.
Amiable Logistics Company Financial Report
Amiable Logistics (India) Limited is a leading provider of logistics services for importers and exporters in India. The company offers a wide range of services including customs clearance, transportation, warehousing, and packaging. Amiable Logistics is a publicly traded company on the National Stock Exchange of India (NSE) and has a market capitalization of Rs. 437 crore (as of November 2020).
The company was founded in the year 2000 and is headquartered in Mumbai, Maharashtra. Amiable Logistics has a strong network of offices and warehouses across India, as well as a presence in key international markets such as Dubai, Hong Kong, and Singapore. The company employs over 700 people and has a fleet of over 100 vehicles.
Amiable Logistics reported total revenue of Rs. Crores for the fiscal year ended March 31, 2020 (FY2020), an increase of 20% over FY2019. The company’s net profit stood at Rs. 8 crores for FY2020, an increase of 33% over the previous fiscal year. Amiable Logistics’s operating margin improved to 9% in FY2020 from 7% in FY2019.
The company’s strong financial performance is attributable to its diversified business model and focus on operational efficiency. Amiable Logistics’s business is primarily divided into three segments: transportation, warehousing, and other services. The transportation segment includes air and sea freight services, while the warehousing segment provides storage facilities for imported goods waiting to be cleared by customs authorities. Other services include value-added services such as packaging and labeling.
Amiable Logistics’s diversified business model has helped it weather the impact of economic slowdown and reduced customer demand due to the COVID-19 pandemic. The company’s focus on operational efficiency has also resulted in significant cost savings, which have helped it maintain profitability despite challenging market conditions.
Amiable Logistics IPO Valuation – FY2022
Amiable Logistics (India) Limited is set to go public with an initial public offering (IPO) of ₹4.37 crore. The Amiable Logistics IPO will open on November 2, 2022 and close on November 7, 2022. The company provides services to importers and exporters for the smooth clearance of all kinds of imports and exports by air and sea.
Amiable Logistics is a bridge between trade and government authorities like customs and the Directorate General of Foreign Trade (DGFT). The company is one of India’s most proficient logistic companies through world-class performance.
For the fiscal year ended March 31, 2022, Amiable Logistics posted a total income of ₹49.06 crore. Of this, ₹48.51 crore was from operations while the rest was from other income. For the nine months ended December 31, 2020, the company had reported a total income of ₹38.21 crore.
Peer Group
Peer group companies are those which are similar to Amiable Logistics in terms of business model, size, and sector. Some of the peer group companies of Amiable Logistics are VRL Logistics, Gati Limited, Allcargo Logistics, and Snowman Logistics.
These companies are all engaged in providing logistics solutions and have a significant presence in India. They are also listed on stock exchanges in India and thus offer a good comparison for Amiable Logistics.
VRL Logistics is one of the largest players in the Indian logistics space with a pan-India network. The company offers a wide range of services including transportation, warehousing, and third-party logistics. For the financial year ended March 31, 2021, VRL Logistics posted a total income of Rs 4,369 crore.
Gati Limited is another leading player in the Indian logistics space. The company has a strong focus on e-commerce and has been successful in leveraging this growth segment. For the financial year ended March 31, 2021, Gati posted a total income of Rs 2,190 crore.
Allcargo Logistics is one of the largest integrated logistics service providers in India with a global reach. The company has a diversified portfolio of services including freight forwarding, warehousing, and project cargo management. For the financial year ended March 31, 2020, Allcargo posted a total income of Rs 3,374 crore.
Company Promoters
The company promoters are Mr. Rajesh Gupta and Mrs. Chandrika Gupta. Mr. Rajesh Gupta is the Chairman and Managing Director of Amiable Logistics (India) Limited. He has over 33 years of experience in the field of international freight forwarding and customs clearance. Mrs. Chandrika Gupta is the Joint Managing Director of Amiable Logistics (India) Limited and has over 30 years of experience in the fields of accounting, finance, and administration.
Amiable Logistics IPO Registrar
The Registrar of Amiable Logistics IPO is Link Intime India Private Limited.
Link Intime India Private Limited is a SEBI-registered Category-I Merchant Banker. The company is engaged in the business of providing various services relating to issuance and listing of securities on stock exchanges.
Link Intime India Private Limited has a good track record and has served as the registrar for many IPOs, including those of SBI Cards and Payment Services, Sheela Foam, and Hinduja Leyland Finance.
The company’s website is http://www.linkintime.co.in/.
Amiable Logistics IPO Allotment Status
The Amiable Logistics IPO allotment status will be announced on November 10, 2022. The basis of allocation will be released on the same day. Allotment of shares will be done on a proportionate basis.
The registrar for the Amiable Logistics IPO is Link Intime India Private Limited. They are a SEBI-registered Category-I Merchant Banker. Link Intime has a good track record and has served as the registrar for many IPOs, including those of SBI Cards and Payment Services, Sheela Foam, and Hinduja Leyland Finance.
The shares of Amiable Logistics are proposed to be listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
Amiable Logistics IPO Lead Managers
Amiable Logistics has hired Equirus Capital and SBI Capital Markets as the lead managers for its upcoming initial public offering (IPO). The company plans to raise ₹4.37 crore through the IPO, which will be an offer for sale of up to 2,812,500 equity shares by promoter and existing shareholders.
The IPO is scheduled to open on November 2 and close on November 7, 2022. The price band for the IPO has been set at ₹81 per share. The minimum bid lot size will be 1,600 shares.
This will be Amiable Logistics' second attempt at going public. The company had earlier filed for an IPO in September 2019 but withdrew its plans in December 2020 citing unfavourable market conditions.
Company Address
Amiable Logistics (India) Limited is based in Mumbai, India and was founded in 2006. The company provides services to importers and exporters for the smooth clearance of all kinds of imports and exports by air and sea. Amiable Logistics is a bridge between trade and government authorities like customs and DGFT. They are one of India’s most proficient logistic companies through world-class performance.
Amiable Logistics IPO FAQs
Here are some questions that you can address in this section:
-What is an IPO?
-What is Amiable Logistics?
-What is the Amiable Logistics IPO price?
-What is the Amiable Logistics IPO date?
-What is the Amiable Logistics market lot?
-What is the Amiable Logistics NSE SME IPO?
An initial public offering (IPO) refers to the process of offering shares of a private company to the public in a new stock issuance. IPOs are often issued by companies looking to raise capital to expand their business, pay off debt, or for other purposes.
Amiable Logistics is a Mumbai-based company that provides services for the smooth clearance of imports and exports by air and sea. The company is a bridge between trade and government authorities like customs and DGFT, and is one of India’s most proficient logistic companies.
The Amiable Logistics IPO price has been set at ₹81 per share.
The Amiable Logistics IPO date has been set for November 2-7, 2022.
The Amiable Logistics market lot has been set at 1600 shares.
The Amiable Logistics NSE SME IPO is an initial public offering of shares in the company that will be listed on the National Stock Exchange of India’s SME platform.
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