Ashwini Container Movers IPO: Premium Listing Fails, Shares Tumble to Lower Circuit

• Ashwini Container Movers listed on NSE SME at ₹147.00, a 3.52% premium over its ₹142 IPO price.
• Despite the initial premium, shares quickly fell to the lower circuit at ₹139.65.
• The stock closed at ₹140.25, resulting in a 1.23% loss for IPO investors on the first day.
• The ₹71.00 crore IPO was subscribed 1.70 times, with funds allocated for debt reduction and truck purchases.
• The company, established in 2012, specializes in cargo transport in Gujarat and Maharashtra, showing strong profit growth in FY25 and H1 FY26.

Why It Matters: Ashwini Container Movers IPO saw a brief premium listing before shares plunged, ending in a loss for investors.