Incorporated in 2002, Amiable Logistics (India) Limited 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. The company is a member of “The Brihanmumbai Custom House Agent’s Association” popularly known as BCHAA or BCBA.
The company’s 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 company provides a complete range of services like Freight Forwarding (Sea freight & Air freight), Customs Clearance, Warehousing, Transportation, Multimodal Transportation, loading/unloading of items to facilitate our customers with end-to-end solutions and other related value-added services.
The company cater its services mainly in the domestic market specifically in the state of Maharashtra.
Strengths:
- 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.
Company Financials
| Period Ended | Total Assets (Lakhs) | Total Revenue(Lakhs) | Profit After Tax(Lakhs) | Net Worth(Lakhs) | Reserves and Surplus(Lakhs) | Total Borrowing(Lakhs) |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 464.11 | 1613.28 | 21.43 | 92.22 | 72.07 | 99.47 |
| 31-Mar-21 | 317.48 | 1403.53 | 29.67 | 127.16 | 107.01 | 65.77 |
| 31-Mar-22 | 368.21 | 1725.92 | 48.38 | 175.54 | 54.64 | 4.54 |
| 30-Sep-22 | 657.01 | 1364.08 | 65.08 | 240.62 | 119.72 | 61.42 |
Objects of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
Amiable Logistics IPO Details
| IPO Date | Nov 2, 2022 to Nov 7, 2022 |
| Listing Date | Nov 16, 2022 |
| Face Value | ₹10 per share |
| Price | ₹81 per share |
| Lot Size | 1600 Shares |
| Issue Size | 539,200 shares of ₹10 (aggregating up to ₹4.37 Cr) |
| Fresh Issue | 539,200 shares of ₹10 (aggregating up to ₹4.37 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Lalit Lakhamshi Mange is the promoter of the company. |
Amiable Logistics IPO Tentative Timetable
Amiable Logistics IPO opens on Nov 2, 2022, and closes on Nov 7, 2022. The Amiable Logistics IPO bid date is from Nov 2, 2022 10.00 A.M. to Nov 7, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Nov 2, 2022 |
| Closing Date | Nov 7, 2022 |
| Basis of Allotment | Nov 11, 2022 |
| Initiation of Refunds | Nov 14, 2022 |
| Credit of Shares to Demat | Nov 15, 2022 |
| Listing Date | Nov 16, 2022 |
Amiable Logistics IPO Lot Size
The Amiable Logistics IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹129,600).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹129,600 |
| Retail (Max) | 1 | 1600 | ₹129,600 |
Amiable Logistics IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 69.16% |
Amiable Logistics IPO Review
The company is operating in a highly competitive and fragmented segment. It has posted an average performance so far. Based on its financial data, the issue is fully priced. Tiny equity base post listing indicates longer gestation for migration to the mainboard. Risk seeker/cash surplus investors may consider a moderate investment with a long-term perspective.
Amiable Logistics IPO Subscription Status (Bidding Detail)
The Amiable Logistics IPO is subscribed 12.16 times on Nov 4, 2022 5:00:00 PM. The public issue subscribed 21.06 times in the retail category, times in the QIB category, and 3.27 times in the NII category.
| Category | Subscription (times) |
|---|---|
| NII | 3.27 |
| Retail | 21.06 |
| Total | 12.16 |
Company Contact Information
Amiable Logistics (India) Limited
322, 3rd Floor, D-Wing,
Neelkanth Business Park, Kirol Village, Near Bus
Depot Vidhyavihar (West), Mumbai 400086
Phone: 022–4969 0042/ 52
Email: investors@amiablelogistics.com
Website: https://www.amiablelogistics.com/
Amiable Logistics IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com