Avana Logistek IPO – Review, Allotment, Subscription, GMP Price, Date & more
Last Updated Date: Nov 16, 2022Avana Logistek is a leading integrated logistics solutions provider, offering customized and end-to-end solutions to domestic and international markets. Avana Logistek IPO consists of 4,300,000 equity shares for up to Rs.3000 million.
Let’s check company review and analyze IPO release date, subscription, Avana Logistek IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Avana Logistek IPO Review & Ratings
| Avana Logistek IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.1/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Avana Logistek IPO
The company has operations across India and various international markets. It is part of Transworld group, a diversified logistics and shipping conglomerate, headquartered in Dubai, UAE. The Issue comprises of a Public Issue of Rs.300 million. The Mumbai-based logistics company plans to utilise the net proceeds towards funding capital expenditure for setting up of new dry warehouses and cold storages and repayment/prepayment of certain borrowings.
Besides, the IPO proceeds will be used for acquisition of containers for coastal and liner services, software development, implementation,maintenance and general corporate purposes.
For FY 2017-18,FY 2016-17 and FY 2015-16,as per the Restated Financial Statements,
- Its revenue from operations was Rs. 14,064.87 million,Rs. 10,325.76 million and Rs.9,334.11 respectively.
- Other Income was Rs.74.36, Rs.82.28 and Rs.49.23 respectively.
- Its profit after tax was Rs.14,064.87 million, Rs. 10,325.76 million and Rs.9,334.11 respectively.
Promoters of the Company are:
- Transworld Holdings
- Shreyas Shipping
- Ramakrishnan Sivaswamy Iyer
- Geeta Ramakrishnan
- Ritesh Sivaswamy Ramakrishnan
- Anisha Ramakrishnan
The lead manager to the issue are ICICI Securities Limited and Axis Capital Limited and the Registrar to this issue is Link Intime India Private Limited.
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Avana Logistek IPO Date
The opening and the closing date of IPO of Avana logistek is not known yet.
Avana Logistek IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Avana Logistek IPO Allotment Status
The allotment status will be known once the shares are subscribed.
Avana Logistek IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Avana Logistek IPO Equity Share Offering
43,00,000 Equity Shares of Rs 5/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs.300 million.
Avana Logistek IPO – Company Overview
Avana Logistek is a leading integrated logistics solutions provider, offering customized and end-to-end solutions to domestic and international markets. We offer a broad spectrum of strategic and operational logistics support services to domestic and international geographical markets through our seamless, energy efficient and “environment friendly” logistics solutions. Avana technology-enabled, “asset-light” business model allows scalability to services as well as robust streamlined business and operational processes enable them to offer efficient and customized logistics solutions to their customers.
According to the CRISIL Report,Avana Logistek is a leading logistics solutions company with operations across India and various international markets. Avana Logistek is the leading providers of regional liner services between India and the Middle East and the largest domestic coastal logistics solutions provider with a market share of approximately 52%, according to the CRISIL Report.
Competitive Strengths of Avana logistek Limited:
- Leading integrated logistics solutions provider in India and GCC region.
- Wide geographical presence with extensive coverage.
- Strong customer focus and growing customer base.
- Experienced management and operational team and with strong domain expertise.
- Asset-light business model.
Business strategies of Avana Logistek Limited:
- Continue to expand our geographical presence and establish our new business segments – cold chain and warehousing & distribution.
- Continue to focus on increasing efficiency, innovation, providing advanced integrated and competitive logistics solutions, advanced technology-driven services.
- Increase the customer base by providing them broad spectrum of services and cross-sell existing services to customers.
- Employees are an important asset for us and we continue to focus on establishing human resources.
- Establish our brand “Avana” in domestic as well as international markets.
Avana Logistek Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 750.58 | 4,539.11 | 4,716.82 | 3,757.43 | 3,050.20 |
| Total Revenue | 14064.7 | 10,325.76 | 9,334.11 | 8,930.52 | 7,949.72 |
| Total Expense | 13,440.64 | 10,141.60 | 9,217.67 | 8,604.10 | 7,556.02 |
| Profit After Tax | 507.19 | 141.80 | 98.80 | 279.38 | 374.05 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Basic and Diluted | 13.71 | 3.77 | 2.47 | 7.58 | 10.31 |
From the above statements, one could find that the Avana Logistek Limited may perform well.
Avana logistek IPO – Promoters
The Promoter of this company are:
- Transworld Holdings
- Shreyas Shipping
- Ramakrishnan Sivaswamy Iyer
- Geeta Ramakrishnan
- Ritesh Sivaswamy Ramakrishnan
- Anisha Ramakrishnan
List of Related Parties (Key Managerial Personnel)
- Sanjay Bohra.
- Namrata Malushte
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Avana Logistek IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | [●] Equity Shares of Rs 5/- each at an Issue Price (yet to be disclosed). |
| Of which: | |
| Fresh Issue | Up to [●] Equity Shares, aggregating up to Rs. 300 million |
| Offer for Sale | Up to 43,00,000 Equity Shares, aggregating up to Rs [●] million |
| Equity Shares outstanding prior to the Issue | 35,928,150 Equity Shares of Rs 5/- each |
| Equity Shares outstanding after the Issue | [●] Equity Shares of Rs 5/- each |
Avana Logistek IPO Issue Object
These are the IPO Issue Objects of the company
- Capital expenditure for setting up of new dry warehouses and cold storages
- Repayment/prepayment of certain borrowings of our Company
- Acquisition of containers for coastal and liner services
- Expenditure towards software development, implementation and maintenance
- General corporate purposes
Avana Logistek IPO – Basis of the 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:
- Leading integrated logistics solutions provider in India and GCC region
- Wide geographical presence with extensive coverage
- Strong customer focus and growing customer base
- Experienced management and operational team and with strong domain expertise
- Asset-light business model.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 2.47 | 32.5 | – |
| -31-Mar-17 | 3.77 | 13.14 | – |
| 31-Mar-18 | 13.71 | 5.87 | 42.19 |
Avana Logistek IPO Lead Managers
| Lead Managers |
| ICICI Securities Limited
Axis Capital Limited |
Avana Logistek IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited
C-101, 1st Floor, 247 Park, LBS Marg, |
Other Details:
- Statutory Auditor – M/s Deloitte Haskins & Sells LLP
- Banker to the Company- HDFC Bank Limited, Axis Bank Limited and RBL Bank
- Legal Counsel to the Company- Cyril Amarchand Mangaldas
Avana Logistek IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
Avana Logistek IPO Grey Market Premium
The Avana Logistek IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
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Avana Logistek IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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