Ashwini Container Movers IPO: Company’s investors shocked, shares fell drastically due to lower circuit…

Ashwini Container Movers IPO Listing: Ashwini Container Movers, a company that transports goods from factories to ports and from ports to factories, today made its premium debut on NSE SME. Its IPO was oversubscribed by more than 1.5 times. Shares were issued in the IPO at a price of ₹142 per share.

The stock debuted today on NSE SME at ₹147.00, giving IPO investors a listing gain of 3.52%. However, the happiness of IPO investors did not last long, as the share price fell. It fell to the lower circuit of ₹139.65, which means IPO investors are now facing a loss of 1.65%.

How will the money raised from Ashwini Container Movers IPO be used?

Ashwini Container Movers’ ₹71.00 crore IPO was open for subscription from December 12-16. The IPO received a good response from investors and was overall oversubscribed by 1.70 times.

The portion reserved for qualified institutional buyers (QIBs) was subscribed 1.31 times (except anchor investors), the portion for non-institutional investors (NIIs) was subscribed 3.50 times, and the portion for retail investors was subscribed 1.15 times.

50 lakh new shares with face value of ₹10 were issued in the IPO. Of the funds raised from these shares, ₹42.50 crore will be used to reduce debt, ₹8.07 crore will be used to purchase trucks, and the remaining amount will be used for general corporate purposes.

About Ashwini Container Movers

Established in April 2012, Ashwini Container Movers provides cargo transport services across India, especially in Gujarat and Maharashtra. Its fleet consists of more than 300 vehicles, which include 20-foot and 40-foot containers. It transports goods from factories to ports and from ports to factories.

Talking about the financial position of the company, it recorded a net profit of ₹ 2.10 crore in the financial year 2023, which decreased to ₹ 1.38 crore in the next financial year 2024. However, in the very next financial year 2025, it increased dramatically to ₹11.45 crore. During this period, the company’s total income grew to ₹96.06 crore at a compound annual growth rate (CAGR) of more than 11%.

In the current financial year 2026, for the first six months (April-September 2025), the company has already achieved a net profit of ₹9.91 crore and a total income of ₹55.86 crore. As of the end of the September 2025 quarter, the company had total debt of ₹74.90 crore, while its reserves and surplus stood at ₹20.40 crore.