Apana Logistics IPO- Company Analysis
Apana Logistics IPO under the SME IPO category is a fixed-price issue of Rs. 34.14 Cr by Apana Logistics Limited, which is in the industry of offering complete logistics support for container handling and shipping.
The company provides a variety of services, such as road transportation, cargo handling at third-party warehouses, truck-trailer (TT) repair, operation, and maintenance, and container handling at container freight stations (CFS), inland container depots (ICD), and ports.
Serving some of the major CFS/ICD/Port Operators in India, the company focuses on providing its clients with affordable and efficient solutions.
Apana Logistics IPO Details
The Apana Logistics IPO date of opening is 07 Sep 2026; its initial public offering will end on 09 Sep, IPO allotment on Sep 10 and refund initiation on Sep 11, 2026.
The Rs. 34.14 crore new SME IPO comprises a wholly fresh issue of 56.90 lac shares.
The Apana Logistics IPO listing date (expected) might be Tuesday, Sep 15, 2026, and the listing on the BSE and SME.
The Apana Logistics IPO price band is Rs. 60.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Sep 07, 2026 |
|
IPO Closing Date |
Sep 09, 2026 |
|
IPO Allotment Date |
Sep 10, 2026 |
|
Refund Initiation |
Sep 11, 2026 |
|
IPO Listing Date |
Sep 15, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
29.42 |
25.56 |
15.07 |
|
Total Income |
21.61 |
20.33 |
27.28 |
|
Profit After Tax |
3.17 |
3.00 |
1.30 |
|
EBITDA |
6.15 |
4.63 |
3.10 |
|
Net Worth |
14.41 |
11.87 |
8.87 |
|
Reserves and Surplus |
2.65 |
9.90 |
6.90 |
|
Total Borrowing |
8 |
9.26 |
1.77 |
Cash Flows
(Amount in Lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
820.96 |
256.17 |
163.96 |
|
Net Cash Flow Investing Activities |
(609.52) |
(763.42) |
(47.59) |
|
Net Cash Flow Financing Activities |
(288.26) |
569.28 |
(221.61) |
Revenue Bifurcation
(Rs. in Lac)
(Source: DRHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Funding the company's capital expenditure requirements for the purchase of reach stackers. ~ Rs. 25 Cr.
- General Corporate Purpose
Listed Peers of Apana Logistics Ltd.
|
Name of Company |
Face Value |
EPS Basic |
P/E (x) |
|
Premiere Roadlines Limited |
10/- |
7.09 |
12.09 |
|
VRL Logistics Limited |
10/- |
20.91 |
21.08 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
ROE |
23.64% |
|
ROCE |
26.57% |
|
Debt/Equity |
0.56 |
|
RoNW |
23.64% |
|
PAT Margin |
14.49% |
|
EBITDA Margin |
28.70% |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 2.63 from the last year, the resulting P/E ratio is 22.81x.
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IPO's Strengths
-
Enables cross-selling opportunities to clients and suppliers by providing a broad range of logistical services, such as truck-trailer repairs and maintenance, road transportation, container handling, and cargo handling.
-
The necessary financial, technical, and asset-based qualifications and track record to participate in and be eligible for government and semi-government tenders are provided by extensive industry experience.
-
Successful tenders and repeat work orders from current clients are supported by a focus on industry quality standards, prompt service, and competitive pricing.
IPO's Weaknesses
-
The company is at risk of concentration when it depends on a small number of important clients. Reduced industry/logistics activity or lower customer revenues could have a negative impact on business, cash flows, profitability, and financial health.
-
Operational disruptions may result from relying on network partners, transporters, brokers, vendors, and suppliers if their services are inadequate or transport assets are unavailable. Employing more personnel could result in higher operating expenses and worse profitability.
-
Certain allotment documents and Form 2 filings are among the historical business records and ROC filings that cannot be located. The company's financial status may be impacted by regulatory penalties or actions resulting from past non-compliances or missing records.
Apana Logistics IPO GMP (Grey Market Premium)
Apana Logistics IPO GMP today has not started yet as of 03 September 2026, while writing this information.
Apana Logistics IPO Summary
|
IPO Opening & Closing Date |
07 Sep, 2026 to 09 Sep, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 60 per Share. |
|
Lot Size |
2000 Shares |
|
Issue Size |
56,90,000 Shares (Rs. 34 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
54,00,000 Shares (Rs. 32 Cr) |
|
Market Makers |
2,90,000 Shares (Rs. 2 Cr) |
|
Issue Type |
Book Build Issue |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,40,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 3,60,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Apana Logistics IPO Allotment Status
To check the Apana Logistics IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Apana Logistics Ltd.
-
Pratyaksh Sureka.
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
67.5% |
IPO Lead Managers
- Corporate Makers Capital Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Apana Logistics IPO offers exposure to the growing logistics sector with strong operational capabilities and improving financial performance. The company shows healthy profitability metrics, but investors should consider risks related to client concentration and operational dependencies.
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Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
