Amiable Logistics IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Amiable Logistics IPO release date, IPO offer price, subscription, Amiable Logistics Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 81 |
| Listing At | NSE SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | Nov 16, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs 436.75 Lakh |
| IPO Size | Rs 436.75 Lakh |
| Tick Size | 1 |
Amiable Logistics IPO is listed at a Rs. 71 premium. Check out the live share price by clicking on the below link.
Amiable Logistics IPO – Summary
The Company is in the business of providing services to importers and exporters for the smooth clearance of all kinds of imports and exports by air and sea as a clearing and forwarding agent and customs house broker.
Their services also include import-export consultancy, international freight forwarding, recovery of all types of claims including customs & insurance, warehousing, and transportation through air, road and sea.
The Promoter of this company is MR. LALIT LAKHAMSHI MANGE. The lead manager to the issue is SHRENI SHARES PRIVATE LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Amiable Logistics IPO Date
The opening and closing dates of Amiable Logistics IPO are Nov 2, 2022, and Nov 7, 2022, respectively.
Amiable Logistics IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 2nd Nov | 0.29x | 3.06x | 1.68x |
| 2nd Day – 3rd Nov | 1.68x | 9.09x | 5.39x |
| 3rd Day – 4th Nov | 3.27x | 21.06x | 12.16x |
| 4th Day – 7th Nov | |||
| Shares Offered or Net Issue | 256,000 | 256,000 | 512,000 |
The shares subscribed by the public will be updated here.
Amiable Logistics IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Amiable Logistics Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Nov 11, 2022 |
| Refunds Initiation | Nov 14, 2022 |
| Credit of Shares to Demat Account | Nov 15, 2022 |
| Share Listing Date | Nov 16, 2022 |
Amiable Logistics IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.81
Amiable Logistics IPO Equity Size
This Initial Public Issue of 539,200 Equity Shares of Rs.10 each for cash at a price of Rs.81 per equity share aggregating to Rs.436.75 Lakh.
Amiable Logistics IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,12,000 Equity Shares of Rs.10/ each.
Issue Size: 539,200 Equity Shares of Rs.10 each, aggregating to Rs.436.75 Lakh
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Amiable Logistics IPO – Live Performance
The listing date of this IPO is Nov 16, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Amiable Logistics Share Price |
Amiable Logistics IPO Grey Market Premium
The Amiable Logistics Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Amiable Logistics IPO – Company Overview
They are members of “The Brihanmumbai Custom House Agent’s Association” popularly known as BCHAA or BCBA. BCBA is an Association of Custom house brokers, licensed by the Commissioner of Customs, Mumbai, under the provisions of the Customs Act 1962.
They are certified by Indian Customs in its Authorized Economic Operators (AEO) programme under CBIC Circular Number 33/2016-Customs, dated July 22, 2016, in appreciation of their commitment to secure the international supply chain and in compliance with the WCO’s SAFE Framework of Standards.
AEO is a voluntary programme. It enables Indian Customs to enhance and streamline cargo security through close cooperation with the principal stakeholders of the international supply chain viz. importers, exporters, logistics providers, custodians or terminal operators, customs brokers and warehouse operators.
Amiable Logistics IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 657.01 | 368.21 | 317.48 | 464.11 |
| *Total Revenue | 1,364.08 | 1,725.92 | 1,403.53 | 1,613.28 |
| Total Expense | 1,277.18 | 1,667.73 | 1,369.77 | 1,588.52 |
| Profit After Tax | 65.08 | 48.38 | 29.67 | 21.43 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 5.38 | 4.00 | 2.45 | 1.77 |
Further, their PAT for the period ended on Sept 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 65.08 Lakh, Rs. 48.38 Lakh, Rs. 29.67 Lakh and Rs. 21.43 Lakh respectively.
Amiable Logistics IPO – Promoters
The Promoter of this company is:
- MR. LALIT LAKHAMSHI MANGE
List of Related Parties (Key Managerial Personnel)
- Lalit Lakhamshi Mange, Chairman & Managing Director
- Kishor Laxmidas Mange, Executive Director
- Mohanlal Karsandas Nanda, Executive Director
- Mukesh Jethmal Kothari, Non-Executive Independent Director
- Trupti Rajesh Gada, Non-Executive Independent Director
Amiable Logistics IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post Issue Share Holding – 69.16%
Amiable Logistics IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 539,200 Equity Shares aggregating up to Rs.436.75 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 27,200 Equity Shares aggregating up to Rs.22.03 Lakh |
| Net Issue to the Public | Up to 5,12,000 Equity Shares aggregating up to Rs.414.72 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 2,56,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 2,56,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 12,09,000 Equity Shares |
| Equity Shares outstanding after the Issue | 17,48,200 Equity Shares |
Amiable Logistics IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding working capital requirements; and
2. General corporate purposes.
Amiable Logistics IPO – Business Strategy
- Integrated, end-to-end logistics services and solutions
- Increase Brand awareness
- Quality Policy / Service Policy
- Reduction of operational costs and achieving efficiency
- Continue to attract and retain talent
Amiable Logistics IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Diversified revenue sources and customer base;
- Modern Processes and Technology;
- Team of professionals;
- Smooth flow of operations;
- Comprehensive solution for logistics requirement;
- Customer oriented approach;
- Infrastructural Strength;
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 4.00 | 27.56 | 871.17 |
| 31-Mar-21 | 2.45 | 23.33 | 631.08 |
| Mar-20 | 1.77 | 23.24 | 457.67 |
Amiable Logistics IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | |
| Amiable Logistics Limited | 10 | 20.25 | 4.00 | 27.56 |
| Listed Peers | ||||
| Timescan Logistics (India) Ltd | 10 | 11.39 | 8.33 | 22.18 |
Amiable Logistics IPO Lead Managers
| Lead Managers |
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Ram Nagar, Borivali (West), Mumbai – 400 092, Maharashtra, India Telephone: 022 – 2808 8456 E-mail: shrenishares@gmail.com Investors Grievance e-mail: info@shreni.in Website: www.shreni.in Contact Person: Ms. Kritika Rupda/ Ms. Kruti Doshi SEBI Registration Number: INM000012759 |
Amiable Logistics IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai – 400 093, Maharashtra, India Telephone: 022 – 6263 8200 E-mail: ipo@bigshareonline.com Investors Grievance e-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Swapnil Kate SEBI Registration No.: INR000001385 |
Amiable Logistics IPO – Other Details
- Statutory Auditor – M/s P. V. Jain & Co
- Legal Counsel to the Company – Asha Agarwal & Associates
- Bankers to the Company – ICICI Bank Limited
Amiable Logistics IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Amiable Logistics Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Amiable Logistics IPO Review FAQs
Check out various FAQs related to Amiable Logistics IPO:
What is the Issue Size of Amiable Logistics IPO?
The Company is making an initial public offer of 5,39,200 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Amiable Logistics IPO?
The price band for this particular IPO ranges between Rs. 81. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Amiable Logistics IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Nov 2, 2022, while the closing date is set at Nov 7, 2022.
What is the Amiable Logistics IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Nov 11, 2022, refund initiation is on Nov 14, 2022, credit of shares is on Nov 15, 2022, and share listing date is on Nov 16, 2022.
What is the Amiable Logistics IPO Listing Date?
Shares of this company shall be listed in the exchanges Nov 16, 2022. The date, when the listing would be done, is stagnant on Nov 16, 2022.
Who is the Registrar of Amiable Logistics IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Amiable Logistics IPO?
Here are the promoters of this IPO – MR. LALIT LAKHAMSHI MANGE. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Amiable Logistics IPO?
We have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Amiable Logistics IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Amiable Logistics Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. Further, their PAT for the period ended on Sept 30,2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 65.08 Lakh, Rs. 48.38 Lakh, Rs. 29.67 Lakh and Rs. 21.43 Lakh respectively.
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