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.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..