APANA LOGISTICS IPO
APANA LOGISTICS is a SME IPO with a current status of CLOSED. The price band is 60 - 60. The issue opens on 07 SEP and closes on 09 SEP. The listing date is 15 SEP.
Price Band
60 - 60
Unofficial GMP
₹0
Lot Size
2,000 shares
Minimum Investment
₹2,40,000
APANA LOGISTICS IPO GMP
The latest available GMP is ₹0. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹60.00
Estimated Gain
0.0%
APANA LOGISTICS IPO GMP History
3
06 SEP
10
07 SEP
5
08 SEP
0
09 SEP
1
10 SEP
0
11 SEP
APANA LOGISTICS IPO Details
- IPO Type
- SME
- Status
- CLOSED
- Price Band
- 60 - 60
- Issue Size
- 34.14 CR
- Issue Type
- Fixed Price Issue
- Fresh Issue
- ₹32.40 Cr
- Offer for Sale
- NIL
- Face Value
- 10
- Lot Size
- 2,000
- Minimum Investment
- 2,40,000
- Exchange
- BSE, NSE
- Registrar
- Kfin Technologies Ltd.
- Lead Managers
- Corporate Makers Capital Ltd.
- Market Maker
- ₹1.74 Cr
APANA LOGISTICS IPO Dates
- Open Date
- 07 SEP
- Close Date
- 09 SEP
- Allotment Date
- 10 SEP
- Refund Date
- 11 SEP
- Demat Credit Date
- 11 SEP
- Listing Date
- 15 SEP
APANA LOGISTICS IPO Subscription
- NII / HNI
- 0.28x
- Retail
- 2.23x
- Total
- 1.26x
APANA LOGISTICS IPO Financials
Revenue
FY2026
₹21.44 Cr
+6.67% vs FY2025
PAT
FY2026
₹3.11 Cr
+3.67% vs FY2025
Total Assets
FY2026
₹29.42 Cr
+15.15% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 27.14 | 20.10 | 21.44 |
| Net Profit | 1.30 | 3.00 | 3.11 |
| Total Assets | 15.07 | 25.55 | 29.42 |
APANA LOGISTICS IPO Valuation
- Market Cap (Post IPO)
- 105.06 Cr
- EPS
- 4.96
- P/E Ratio
- 12.1x
- Price to Book Value
- 3.50
- Industry P/E
- 13.5x
- ROE
- 33.82%
- ROCE
- 45.00%
- RONW
- 33.82%
- Debt / Equity
- 0.31%
- PAT Margin
- 19.01%
- EBITDA Margin
- 36.69%
APANA LOGISTICS Peer Comparison
| Peer | Revenue | PAT | EPS | P/E | ROE | RONW | Debt / Equity |
|---|---|---|---|---|---|---|---|
| VRL Logistic | -- | -- | 13.54 | 22.15 | -- | 21.27% | -- |
| Premier Roadlines | -- | -- | 5.97 | 6.97 | -- | 14.23 | -- |
APANA LOGISTICS IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹2,40,000 |
| Retail Maximum | 2 | 4,000 | ₹2,40,000 |
| Small HNI | 3 | 6,000 | ₹3,60,000 |
APANA LOGISTICS IPO Reservation
- NII / HNI
- 47.45%
- Retail
- 47.45%
APANA LOGISTICS Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 100%
- Post-IPO Promoter Holding
- 67.50%
APANA LOGISTICS Company Overview
Apana Logistics Limited traces its incorporation to 1992 and operates in logistics support, with a particular focus on container handling and transportation. Its services include container handling at Container Freight Stations (CFS), Inland Container Depots (ICD) and ports; road transportation; cargo handling at third-party warehouses; and repair, operation and maintenance services for truck-trailers. As of August 31, 2025, the company had a fleet including 33 truck-trailers and 5 reach stackers. It serves more than ten customers, including long-standing relationships with major CFS/ICD/port operators. The business therefore operates in a specialised segment of the logistics chain rather than as a broad consumer-facing logistics platform. Its IPO proceeds are substantially directed toward purchasing additional reach stackers. If these assets achieve healthy utilisation, the investment could increase handling capacity and reduce dependence on hired equipment. However, the company remains small compared with established listed logistics companies and therefore has greater exposure to customer concentration, utilisation rates and contract renewals.
APANA LOGISTICS Business Model
The company's revenue is generated primarily by providing container-handling and logistics services to operators of ports, CFSs and ICDs. Core activities include: Container loading/unloading and handling Reach-stacker operations Road transportation Truck-trailer services Cargo handling Third-party warehouse support Equipment operation and maintenance The model is relatively asset-intensive because trailers, reach stackers and other handling equipment are central to service delivery. This can create an entry barrier because acquiring and maintaining equipment requires capital and operational expertise, but it also means profitability depends heavily on utilisation.
APANA LOGISTICS Objects of the Issue
1 Funding capital expenditure requirement of company towards purchase of reach stackers - 25.00 2 General corporate purposes - 5.04 3 Issue Expenses - 4.10 Total - 34.14
APANA LOGISTICS Strengths
The strongest financial feature is the combination of growth and deleveraging. Revenue increased from ₹20.33 crore in FY2024 to ₹31.07 crore in FY2026, while PAT rose from ₹3 crore to ₹5.86 crore. At the same time, borrowings fell from ₹9.26 crore to ₹6.30 crore. The resulting FY2026 profitability metrics—ROE/RONW around 33.82%, ROCE around 45% and PAT margin around 19%—are notable for a company of this size. Operationally, the company provides multiple services within container logistics rather than relying solely on transportation. Existing relationships with port/CFS/ICD operators can support recurring business, while its eligibility to participate in tenders provides additional opportunity. IPO proceeds directed toward reach stackers could expand owned handling capacity. Other strengths disclosed around the issue include diversified logistics service offerings, tender qualification capabilities, an experienced management team and an established operating history
APANA LOGISTICS Risks
BUSINESS RISK: MODERATE-HIGH ⚠️ The most important issue is customer concentration. A large proportion of revenue is generated from a relatively limited customer base, so loss, renegotiation or reduced volumes from major customers could materially affect revenue and margins. The company also depends partly on third-party service providers, hired trailers and leased handling equipment. This exposes operations to external availability, pricing and execution risk. Its business is linked to container traffic at CFSs, ICDs and ports; therefore, changes in trade volumes, port policies, tender conditions or logistics activity can affect equipment utilisation. Another consideration is size. FY2026 revenue of around ₹31 crore is small compared with established listed logistics companies. This creates greater concentration and execution risk even though recent margins are strong. The business is also capital intensive. Reach stackers, trailers and related assets require significant upfront capital and ongoing maintenance. If the ₹25 crore IPO-funded equipment investment does not generate sufficient incremental utilisation, returns could decline. Tender-based business additionally creates risks relating to renewals, pricing pressure and competitive bidding.
APANA LOGISTICS Frequently Asked Questions
What is the APANA LOGISTICS IPO price band?
The APANA LOGISTICS IPO price band is 60 - 60.
What is the latest APANA LOGISTICS IPO GMP?
The latest available APANA LOGISTICS IPO GMP in the IPOWEB database is ₹0. GMP is unofficial and does not guarantee a listing gain.
When does the APANA LOGISTICS IPO open and close?
The APANA LOGISTICS IPO opens on 07 SEP and closes on 09 SEP.
When is the APANA LOGISTICS IPO allotment date?
The APANA LOGISTICS IPO allotment date is 10 SEP.
When is the APANA LOGISTICS IPO listing date?
The APANA LOGISTICS IPO listing date is 15 SEP.
What is the APANA LOGISTICS IPO subscription?
The latest total subscription available for the APANA LOGISTICS IPO is 1.26x.