ACML to Raise Rs 650 Mn via NSE Emerge IPO

20 Jun 2025 CW Team

Ashwini Container Movers Limited (ACML), a Navi Mumbai-based cargo transport firm, plans to raise approximately Rs 650 million through a fresh equity issue following in-principle approval from NSE Emerge for its proposed Initial Public Offering (IPO). The issue will comprise up to 5 million equity shares of face value Rs 10 each, offered via the book-building route.

Corporate Professionals Capital Private Limited will act as the Book Running Lead Manager, while Bigshare Services Private Limited is the Registrar to the issue.

Of the total proceeds, around Rs 569.4 million will be used for repayment or prepayment of outstanding loans to optimise the company’s capital structure. A further Rs 80.6 million is earmarked for capital expenditure, including expansion of ACML’s truck fleet and other general corporate purposes.

For the half-year ending 30 September 2024 (H1 FY25), ACML posted revenue of Rs 456.1 million and a profit after tax (PAT) of Rs 54.6 million, a significant rise compared to its FY24 full-year revenue of Rs 787.7 million and PAT of Rs 13.7 million.

Established in 2012 by Bhaskar Kisan Pawar and Govind Janabhau Sable, ACML operates a fleet of over 250 containerised trucks (20-ft and 40-ft) across Maharashtra and Gujarat. The company leverages proprietary software Clay Soft and the Elixia real-time tracking system to streamline operations.

ACML specialises in port-to-factory logistics and offers Full Container Load (FCL), Less Container Load (LCL), and Over Dimension Cargo (ODC) solutions, catering primarily to the import-export segment.

The company is currently finalising its Red Herring Prospectus (RHP) for submission to the Registrar of Companies and NSE Emerge, marking a strategic step toward expanding its presence in India’s growing logistics sector.

Technology

31 Jul 2026

From Digital Adoption to Intelligent Infrastructure

At Illuminate Mumbai 2026, industry leaders highlighted how AI, digital twins and connected data ecosystems are reshaping infrastructure delivery, enabling greater efficiency, resilience and long-term asset performance. India's infrastructure sector is entering a new phase of digital maturity. While the initial years focused on digitising workflows, the industry is now moving towards deploying intelligent, connected and data-driven systems that can improve project outcomes across the asset lifecycle.This transition was at the centre of discussions at Illuminate Mumbai 2026, organised by Bentle..

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read the full article Click Here..

The Road Ahead Begins Here

The future of India’s roads took centrestage at RAHSTA Expo 2026, where policymakers, contractors and industry leaders came together under one roof. The event blended thought leadership, technology showcase and industry recognition into a single powerful platform.India’s roads and highways community gathered in full strength at the Jio World Convention Centre, Mumbai, on July 8-9, 2026, for the 16th edition of the RAHSTA Expo (Roads and Highways Sustainable Technologies & Advancement). Over two action-packed days, the event brought together policymakers, contractors, consultants, devel..