Apana Logistics Limited
Fixed Price IPO · BSE
- Price band
- ₹60 – ₹60
- Lot size
- 2,000 shares
- Issue amount
- ₹34.14 cr
- Total subscription
- 1.31×
- Opens
- 7 Sept 2026
- Closes
- 9 Sept 2026
- Allotment
- 10 Sept 2026
- Listing
- 15 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 56,90,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹34.14 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 1,18,20,000
- Shares after issue
- 1,75,10,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,40,000 |
| sHNI | 3 | 6,000 | ₹3,60,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 9 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 0 |
| NIB | 0 | 105 |
| RETAIL | 675 | 1,507 |
| EMPLOYEES | 0 | 0 |
| HNIs (2-10L) | 450 | 96 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 16.2 | 36.17 |
| NIB | 16.2 | 6.32 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 4.96 | 2.63 | 2.54 |
| ROE | 33.82 | 23.64 | 28.96 |
| ROCE | 45 | 26.57 | 29 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 12.09 | 0 | 0 |
| POST IPO(PE) | 17.91 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Premier Roadlines Limited | 6.97 | 41.60 | 10.00 | 44.93 | 14.23 | 5.97 |
| VRL Logistics Limited | 22.15 | 299.85 | 10.00 | 65.31 | 21.27 | 13.54 |
| Apana Logistics Limited | 12.10 | 60.00 | 10.00 | 17.15 | 33.82 | 4.96 |
Company information
Company profile
Apana Logistics Limited was originally incorporated as Surya Top Sale Private Limited on January 22, 1992, and was renamed Apana Logistics Private Limited in October 2007. The Company was converted into a public limited company and renamed Apana Logistics Limited in December 2024. Apana Logistics is an Indian logistics company providing container handling, transportation, warehousing and cargo handling services across major CFSs, ICDs and ports. It handles a wide range of cargo, including sensitive and perishable goods, while focusing on safe, compliant and timely movement. The Company has a strong infrastructure with more than 30 owned trailers and advanced reach stackers, supported by an experienced team that uses technology and industry best practices. With end-to-end supply chain solutions and specialized logistics services, Apana Logistics aims to provide reliable and cost-effective solutions to its customers.
Strengths
- Diverse Services & Customer Base: The company offers various logistics services, including container handling, road transportation, cargo handling, and truck-trailer repair and maintenance. This also creates opportunities to offer multiple services to the same customers.
- Strong Tender Participation Capability: With extensive industry experience and the required financial, technical and asset capabilities, the company can participate in and qualify for government and semi-government tenders.
- Quality Services at Competitive Prices: The company focuses on quality, timely service and competitive pricing, helping it win tenders and secure repeat orders from existing customers.
Risk factors
- High Customer Concentration: The company depends on a limited number of key customers. Lower orders or reduced activity in the logistics industry could negatively affect revenue, cash flow, profitability and financial performance.
- Dependence on Third-Party Partners & Vendors: The company relies on transporters, brokers, vendors and other partners for its operations. Any service issues or shortage of transport assets could disrupt operations and increase costs.
- Historical Records & ROC Non-Compliance: Some older corporate records and ROC filings are missing or cannot be traced. Any related regulatory issues or penalties could negatively affect the company’s financial position.
Promoters
Pratyaksh Sureka
Registrar & documents
Lead manager
Corporate Makers Capital Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
11A, Rajshree 6, Hastings Park Road Kolkata, West Bengal, 700027
+91-22-69328885
[email protected]Company website ↗Understanding APANA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.