Ashwini Container Movers Plans Rs 650 million IPO to Repay Debt, Expand Fleet

20 Jun 2025 CW Team

Navi Mumbai-based Ashwini Container Movers (ACML) is set to raise Rs 650 million through a fresh issue of up to 50,00,000 equity shares via book-building on NSE Emerge. The IPO proceeds will be used for debt repayment and fleet expansion, following in-principle approval from the exchange.

Of the total raise, around Rs 569.4 million will go towards prepayment of outstanding loans, while Rs 80.6 million will fund capital expenditure and general corporate purposes. Corporate Professionals Capital is the Book Running Lead Manager, and Bigshare Services is the Registrar to the issue.

ACML reported Rs 456.1 million revenue and Rs 54.6 million PAT in H1 FY25, a marked rise from FY24’s full-year revenue of Rs 787.7 million and PAT of Rs 13.7 million.

Founded in 2012, ACML operates over 250 container trucks and serves Maharashtra and Gujarat through port-to-factory logistics solutions. Its tech stack includes the proprietary Clay Soft platform and Elixia tracking for real-time operations. The company offers FCL, LCL, and ODC services, and is finalising its RHP for submission.

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