June 16, 2025: Ashwini Container Movers Limited (ACML), a Navi Mumbai-headquartered commercial transportation provider, today announced that it has received in-principle approval for its IPO from NSE Emerge Exchange. The company is in the process of filing RHP with updated information.
The company plans to raise approximately ₹65 crore from the offer which comprises a fresh issuance of up to 50,00,000 Equity Shares each with a face value of ₹10, through the book-building route. Corporate Professionals Capital Private Limited is the Book Running Lead Manager, and Bigshare Services Private Limited is the Registrar to the offer.
Ashwini Container Movers Limited is a commercial transportation provider engaged in transportation of cargo across various regions in India, with a significant portion of its operations concentrated in the states of Maharashtra and Gujarat. ACML primarily operates in transporting goods between ports and factories, catering specifically to customers involved in importing and exporting containerized goods and its logistics operations are supported by its own fleet of over 250 vehicles consisting of 20-feet and 40-feet of containerized trucks as on September 30, 2024.
According to DRHP, ACML intends to utilise substantial portion of the fund to be raised for repayment/ prepayment of the outstanding of the loans, in full or part, and would also like to utilise ₹8.06 crore for funding capital expenditure requirement of the company towards purchase of trucks, and general corporate purposes.
The company primarily focusses in Full Container Load (FCL) transportation, providing reefer and non – operating reefer containers (dry container) and also engaged in Less Container Load (LCL) and Over Dimension Cargo (ODC). FCL involves dedicating an entire truck to a single shipment, making it ideal for businesses transporting large quantities of goods or requiring exclusive truck use for secure and efficient delivery.
ACML uses advanced technology solutions to simplify its operations. It employs a customized operational software – Clay Soft, which is tailored to optimize operational processes and improve efficiency. Additionally, the company leverages Elixia, a Centralized Monitoring Hub that enables real-time tracking of vehicle activities, offering a comprehensive overview of fleet status and ensuring the timely detection of any potential issues.
Incorporated in 2012, by the promoters Mr. Bhaskar Kisan Pawar and Mr. Govind Janabhau Sable, Ashwini Container Movers Limited has consistently served a diverse range of clients, addressing a variety of logistics needs with integrity and dedication. The company is committed to keeping its services with global expectations and discoveries; when it comes to product handling, preservation, and transformation.
The company recorded ₹45.61 crore in revenue from operations with a profit (PAT) of ₹5.46 crore in the first six months of fiscal year 2025, ending September 30, 2024, compared to ₹78.77 crore in revenue from operations and a profit (PAT) of ₹1.37 crore in FY24.
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