The initial public offer (IPO) of Ashwini Container Movers received bids for 6,16,000 shares as against 35,84,000 on offer, as per NSE data as of 17:00 hours on Friday (12 December 2025). The issue was subscribed 0.17 times.

The issue opened for bidding on Friday (12 December 2025) and it will close on Tuesday (16 December 2025). The price band of the IPO is fixed between Rs 135 to Rs 142 per share. The minimum order quantity is 1,000 equity shares. The equity shares will list on NSE’s SME platform.

The IPO comprises fresh issue of 50,00,000 equity shares. The promoter and promoter group shareholding will dilute to 66.67% from 100% pre-issue.

About 2,50,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 47,50,000 equity shares. The issue and the net issue will constitute 33.33% and 31.67%, respectively of the post issue paid up equity share capital of the company.

The company intends to utilize the net proceeds for repayment and/or pre-payment, in full or part, of certain borrowings availed by the company, funding capital expenditure requirement of the company towards purchase of trucks and general corporate purpose

Ahead of the IPO, Ashwini Container Movers on 11 December 2025, raised Rs 20.11 crore from anchor investors. The board allotted 14.16 lakh shares at Rs 142 per share to 7 anchor investors.

Ashwini Container Movers is a commercial transportation provider engaged in cargo movement across India, with major operations in Maharashtra and Gujarat. The company offers surface transportation services using a fleet of over 300 containerized trucks, including 20-feet and 40-feet vehicles, as of 30 September 2025. It primarily serves B2B customers requiring bulk goods transportation between factories and ports, catering especially to clients involved in import and export of containerized cargo. The company focuses on providing reliable and efficient services through standardized GPS tracking, responsive customer support, compliance with government regulations, updated permits, and a team of experienced professionals. As of 30 September 2025, the company had total 154 employees.

The company recorded revenue from operations of Rs 54.91 crore and net profit of Rs 9.91 crore for the period ended 30 September 2025.