Neptune Logitek Limited
Fixed Price IPO · BSE
- Price band
- ₹126 - ₹126
- Lot size
- 1,000 shares
- Issue amount
- ₹46.62 cr
- Total subscription
- 1.66×
- Opens
- 15 Dec 2025
- Closes
- 17 Dec 2025
- Allotment
- 18 Dec 2025
- Listing
- 22 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 37,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,26,000
- Fresh issue
- ₹46.62 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,26,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 1,00,00,000
- Shares after issue
- 1,37,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,52,000 |
| sHNI | 3 | 3,000 | ₹3,78,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 17 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| NIB | 0 | 129 |
| RETAIL | 879 | 2,526 |
| HNIs (2-10L) | 586 | 124 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 22.14 | 64.16 |
| NIB | 22.14 | 9.49 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Aug-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0 | 0 | 0 | 0 |
| ROE | 10.98 | 14.89 | 0 | 0.41 |
| ROCE | 21.59 | 21.25 | 5.3 | 4.17 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 13.76 | 0 | 0 |
| POST IPO(PE) | 17.9 | 0 | 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) (₹) |
|---|---|---|---|---|---|---|
| Tejas Cargo India Limited | 15.74 | 279.3 | 10 | 72.45 | 11.03 | 10.48 |
| S J Logistics (india) Limited | 27.52 | 449.65 | 10 | 113.89 | 16.35 | 19.09 |
| Neptune Logitek Limited | 0 | 0 | 10 | 19.95 | 45.89 | 9.16 |
| Tiger Logistics (India) Limited | 18.55 | 38.8 | 1 | 13.04 | 19.54 | 2.56 |
Company information
Company profile
Neptune Logitek is an integrated logistics solutions provider in India offering freight forwarding and customs clearance, air freight services, multimodal coastal door-to-door forwarding, and road and rail transportation. The company leverages advanced technologies such as GPS-enabled fleet management, real-time vehicle tracking, and automated engine monitoring systems to enhance operational efficiency. As of March 31, 2025, Neptune Logitek managed 199 fleets and fleet operators and operated through 9 branch offices across the country. The company also runs a captive petrol pump with a storage capacity of up to 60 kilolitres to support its logistics operations.
Strengths
- Comprehensive and Integrated Logistics Operations – Operates across freight forwarding, customs clearance, air, road, rail, and multimodal coastal transport, with pan-India coverage via head office and nine branches, ensuring seamless service and nationwide reach.
- Experienced Leadership Driving Growth – Led by promoters Mr. Ankit Devidas Shah and Mrs. Reema Ankit Shah, the management team leverages deep industry knowledge and regional expertise to guide strategic decisions, execution, and expansion.
- Asset-Based Model Ensuring Operational Reliability – Utilizes owned and leased vehicles, containers, and warehouses to maintain control, service quality, resource availability, and scalable operations without excessive capital strain.
Risk factors
- Reliance on Port Traffic – Operations depend heavily on container movement at major ports like Kandla, Mundra, Pipavav, Hazira, Mangalore, Cochin, Chennai, Tuticorin, Kattupalli, and Vizag; any decline in traffic or regional disruptions could negatively impact business performance.
- High Customer Concentration Risk – Significant revenue is generated from a few major customers; loss or reduced orders from any key client, combined with the lack of long-term contracts, may affect revenue stability and cash flows.
- Exposure to Infrastructure & Transport Constraints – Efficient logistics depend on reliable road, rail, and port networks; any inadequacy or disruption in these systems could hinder operations, affecting financial results and overall business performance.
Promoters
Mr. Ankit Devidas Shah
Mrs. Reema Ankit Shah
Registrar & documents
Lead manager
Galactico Corporate Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
BBZ-N-62/A, WARD 12/A Gandhidham, Kachchh Kachchh, Gujarat, 370201
+91 9737658111
[email protected]Company website ↗Understanding NEPLOG 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.