Apana Logistics IPO open date is September 7, 2026 and the IPO will close on September 9, 2026. Apana Logistics IPO is a Fixed Price Issue. The company to raise around ₹34.14 crores via IPO that comprises fresh issue of ₹34.14 crores and offer for sale up to [.] equity shares with face value of ₹10 each.
Apana Logistics IPO price band is ₹60 per share. The retail quota is 50%, QIB is 0%, and HNI is 50%. Apana Logistics IPO to list on BSE SME on September 15, 2026. The allotment of Apana Logistics IPO date is Septttember 10, 2026.
The company reported revenue of ₹21.61 crores in 2025 against ₹20.33 crores in 2024. The company reported profit of ₹3.17 crores in 2025 against profit of ₹3.00 crores in 2024. As per the financials, the IPO investors should apply the IPO GMP for a long term.
Last updated on 07-Sep-2026
Subscription Details (No. of Shares) | |||
|---|---|---|---|
| Category | Offered | Applied | Times |
| HNIs | 2700000 | 60000 | 0.02 |
| Individual | 2700000 | 1072000 | 0.4 |
| Total | 5400000 | 1132000 | 0.21 |
Application-Wise Breakup | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (3-10L) | 450 | 9 | 0.02 |
| Individual | 675 | 266 | 0.39 |
Lot Size & Investment
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 4000 | 240000 | 675 |
| HNI | 3 | 6000 | 360000 | 450 |
Share Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 5690000 | 100% |
| HNI | 2700000 | 47.45% |
| INDIVIDUAL | 2700000 | 47.45% |
| Market Maker | 290000 | 5.1% |
About the Company
IPO Details
| Total Issue Size | 56,90,000 shares (aggregating up to ₹34.14 Cr) |
| Fresh Issue | 56,90,000 shares (aggregating up to ₹34.14 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,18,20,000 shares |
| Share Holding Post Issue | 1,75,10,000 shares |
| Reserved for Market Maker | 2,90,000 shares (aggregating up to ₹1.74 Cr) |
| Market Maker | Prabhat Financial Services Limited |
Key Performance Indicators (KPI)
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE | 33.82% | 23.64% | 28.96% |
| ROCE | 45.00% | 26.57% | 29.00% |
| EPS (BASIC) | 4.96 | 2.63 | 2.54 |
| P/E Pre IPO | 12.09 | ||
| P/E Post IPO | 17.91 |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 36.83 | 28.94 | 25.05 |
| Total Income | 37.07 | 21.61 | 20.33 |
| Profit After Tax | 5.86 | 3.11 | 3.01 |
| EBITDA | 11.32 | 6.15 | 4.63 |
| NET Worth | 20.27 | 14.41 | 11.87 |
| Reserves and Surplus | 8.45 | 2.65 | 9.9 |
| Total Borrowing | 6.30 | 8 | 9.26 |
Peer Comparison (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Apana Logistics Limited | 12.10 | 60.00 | 10.00 |
| Premier Roadlines Limited | 6.97 | 41.60 | 10.00 |
| VRL Logistics Limited | 22.15 | 299.85 | 10.00 |
SOURCE:RHP,All the financial information for listed industry peers mentioned above is on a standalone basis sourced from the Annual Reports of the peer company uploaded on the NSE/ BSE website for the year ended March 31, 2026. Information of our Company is based on restated financial information. P/E Ratio has been computed based on the closing market price of equity shares on the NSE/ BSE on September 01, 2026 divided by the Basic EPS.we have shown the P/E ratio of the IPO issuer company based on the pre-IPO valuation, and the CMP has been represented by the IPO issue price (upper price band).
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Apana Logistics Limited | 17.15 | 33.82 | 4.96 |
| Premier Roadlines Limited | 44.93 | 14.23 | 5.97 |
| VRL Logistics Limited | 65.31 | 21.27 | 13.54 |
About Company
Apana Logistics Limited was originally incorporated as “Surya Top Sale Private Limited” on January 22, 1992, under the Companies Act, 1956. The Company changed its name to “Apana Logistics Private Limited” on October 9, 2007, pursuant to a shareholders’ resolution passed on August 20, 2007. Subsequently, on December 3, 2024, it was converted into a Public Limited Company and renamed “Apana Logistics Limited”, pursuant to the shareholders’ resolution dated September 25, 2024.
Apana Logistics is a trusted logistics company in India, specializing in container handling, transportation, warehousing and cargo handling. With a strong presence across major CFSs, ICDs and ports, the Company has been providing seamless and cost-effective logistics solutions for over a decade. It handles diverse cargo, including sensitive and perishable goods, while maintaining safety and regulatory standards.
The Company has a robust infrastructure comprising 30+ owned trailers and advanced reach stackers. Its experienced team uses technology and industry best practices to ensure timely, secure and efficient cargo movement. The Company provides end-to-end supply chain solutions and specialized logistics support, positioning itself as a reliable partner for business success.
Strengths
Diverse Services & Customer Base: Offers a wide range of logistics services including container handling, road transportation, cargo handling, and truck-trailer repairs & maintenance, enabling cross-selling opportunities to customers and vendors.
Strong Tender Participation Capability: Extensive industry experience provides the required financial, technical and asset-based qualifications and track record to participate and qualify for government and semi-government tenders.
Quality Services at Competitive Prices: Focus on industry quality standards, timely service and competitive pricing supports successful tenders and repeat work orders from existing customers.
Risk Factors
High Customer Concentration: Dependence on a limited number of key customers exposes the Company to concentration risk. Lower customer revenues or reduced industry/logistics activity could adversely affect business, cash flows, profitability and financial condition.
Dependence on Third-Party Partners & Vendors: Reliance on network partners, transporters, brokers, vendors and suppliers may lead to operational disruptions if their services are unsatisfactory or transport assets are unavailable. Hiring additional assets may increase operating costs and reduce profitability.
Historical Records & ROC Non-Compliance: Some historical corporate records and ROC filings are untraceable, including certain allotment records and Form 2 filings. Past non-compliances or missing records could result in regulatory penalties or actions, affecting the Company’s financial position.
Lead Managers
Registered Address
Apana Logistics Ltd. Address
11A,
Rajshree 6,
Hastings Park Road
Kolkata, West Bengal, 700027
Phone: +91-22-69328885
E-Mail: email@apanalogistics.com
Website: http://www.apanalogistics.com/