Ashwini Container Movers IPO Shows Moderate Response, Subscribed 1.70x on Day 3

Ashwini Container Movers Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third day of subscription. The stock price band is set at ₹135-142 per share. The ₹71.00 crore IPO reached 1.70 times by 4:59:59 PM on day three. This indicates moderate investor interest in this transportation provider specializing in cargo transport across India, primarily in Maharashtra and Gujarat, incorporated in 2012.

Ashwini Container Movers IPO subscription reached moderate 1.70 times on day three. It was led by Non-Institutional Investors (3.50x), Qualified Institutional Buyers Ex-Anchor (1.31x), and Individual Investors (1.15x). Total applications reached 1,208.
 

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Subscription Status of Ashwini Container Movers IPO:

Here are the subscription details for Ashwini Container Movers IPO as of Day 3 (December 16, 2025, 4:59:59 PM):

Key Highlights - Day 3:

• Overall subscription reached moderate 1.70 times, showing substantial improvement from day two's 0.32 times
• Qualified institutional buyers (ex-anchor) showing moderate performance at 1.31 times, improving from day two's 0.00 times, indicating measured institutional interest
• Individual investors displaying moderate confidence at 1.15 times, building substantially from day two's 0.53 times, indicating improved retail interest for this SME IPO
• Total applications reached 1,208, showing very limited investor participation for this SME IPO
• Cumulative bid amount reached ₹80.67 crores, exceeding the net offer size of ₹67.45 crores (excluding anchor and market maker portions) by approximately 1.2 times
• Anchor investors fully subscribed their allocation of ₹20.11 crores on December 11, 2025
• Market makers fully subscribed their allocation of ₹3.55 crores

Key Highlights - Day 2:

• Overall subscription reached weak 0.32 times, showing modest improvement from day one's 0.19 times
• Individual investors displaying weak confidence at 0.53 times, building substantially from day one's 0.29 times
• Non-institutional investors showing weak performance at 0.26 times, marginally improving from day one's 0.20 times
• Qualified institutional buyers showing negligible participation at 0.00 times, maintaining from day one's 0.00 times

Key Highlights - Day 1:

• Overall subscription reached weak 0.19 times, showing very cautious initial investor interest
• Individual investors displaying weak confidence at 0.29 times, indicating subdued retail sentiment
• Non-institutional investors showing weak performance at 0.20 times, indicating very weak HNI appetite
• Qualified institutional buyers showing negligible participation at 0.00 times, indicating no institutional interest

About Ashwini Container Movers Limited

Incorporated in April 2012, Ashwini Container Movers Limited is a transportation provider specializing in cargo transport across India, primarily in Maharashtra and Gujarat. The company specializes in the surface transportation of goods using containerised lorries.