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Apana Logistics IPO
Price Band
₹
Issue Size
₹34.14 Cr
Lot Size
2,000 shares
Min Investment
₹240,000
2 LOTS MIN
GMP
—
Issue Price
₹60.0
Apana Logistics IPO AI Summary
- Apana Logistics IPO is listed on BSE SME in the Logistics Solution Provider sector.
- Subscription window: 07 Sep–09 Sep 2026, listing on 15 Sep 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
1.26x
| Category | Subscription | Status |
|---|---|---|
| NII (HNI) |
0.28x
|
0.28x |
| Retail (RII) |
2.23x
|
2.23x |
| Total | 1.26x | 1.26x |
Auto-updated every 5 min · As of 9th Sep 2026 18:55
Apana Logistics IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 1992, Apana Logistics Ltd. is engaged in the business of providing comprehensive logistics support for the handling and transportation of containers. The Company offers diversified services including Container Handling at Container Freight Stations (CFS), Inland Container Depots (ICD), and ports, road transportation, cargo handling at third-party warehouses, and the repair, operation, and maintenance of truck-trailers (TT). The Company serves some of the top leading CFS/ICD/Port Operators in India and focuses on delivering cost and time-effective solutions to its customers. As of August 31, 2025, the Company owned and maintained a fleet size of thirty-three (33) truck-trailers and five (5) reach stackers. Apana Logistics caters to more than 10 customers, with strong and long-established relationships, including two of its top five customers who have been associated with the Company for over 10 years. As of August 31, 2025, the Company had 85 permanent employees.
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 36.84 | 28.95 | 25.05 |
| Total Income | 31.07 | 21.61 | 20.33 |
| Profit After Tax | 5.86 | 3.11 | 3.00 |
| EBITDA | 11.32 | 6.15 | 4.63 |
| NET Worth | 20.27 | 14.41 | 11.87 |
| Reserves and Surplus | 8.45 | 2.59 | 9.90 |
| Total Borrowing | 6.30 | 8.00 | 9.26 |
Key Ratios
EPS
₹4.96
NAV
₹12.19
ROE
23.64%
ROCE
26.57%
RoNW
23.64%
P/B Value
4.92
P/E Ratio
12.1
Market Cap
₹105.06 Cr
PAT Margin
14.49%
Debt/Equity
0.56
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| VRL Logistics | 65.31 | 21.27% | 22.15 | 13.54 |
| Premier Roadlines | 44.93 | 14.23% | 6.97 | 5.97 |
| Apana Logistics This IPO | 17.15 | 33.82% | 12.1 | 4.96 |
Promoters
Pratyaksh Sureka
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹20.33 Cr in the period ending 31 Mar 2024, rising to ₹21.61 Cr by 31 Mar 2025, and further increasing to ₹31.07 Cr by 31 Mar 2026. This shows a consistent growth trend in revenue over the reported periods.
Profit Trend
Profit After Tax was ₹3.00 Cr for the period ending 31 Mar 2024, increasing to ₹3.11 Cr by 31 Mar 2025, and reaching ₹5.86 Cr by 31 Mar 2026. This indicates a positive trend in profitability across the periods.
Valuation
At the issue price of ₹60.0, Apana Logistics has an implied P/E ratio of 12.1. This is compared to peers such as VRL Logistics, which has a P/E of 22.15, and Premier Roadlines, which has a P/E of 6.97.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics for shares before they are officially listed on the stock exchange. A positive GMP suggests that investors expect the stock to list at a higher price than the issue price, while a negative GMP indicates the opposite.
Subscription Demand
As of 9th Sep 2026, the IPO was subscribed 1.26 times overall, with the Retail (RII) category subscribed 2.23 times and the NII (HNI) category subscribed 0.28 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. Consider factors such as the company’s growth potential, industry position, and financial health.
Who May Want to Wait
Investors with a low risk tolerance or those seeking guaranteed returns may want to avoid IPOs, as they can be subject to significant price fluctuations and market uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 7th September 2026 and closes on 9th September 2026. Allotment of shares will be done on 10th September 2026, and the shares are expected to list on the stock exchange on 15th September 2026.
Listing Gains — The Risk
Listing gains refer to the profit made when shares are sold on the listing day at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock. Investors should be aware that the stock price may fluctuate significantly after listing.
This evaluation is generated from Apana Logistics's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Apana Logistics IPO open and close?
Apana Logistics IPO opens on 07 September 2026 and closes on 09 September 2026.
When does Apana Logistics IPO list on the stock exchange?
Apana Logistics IPO listed on 15 September 2026 at ₹60.0.
What is the lot size for Apana Logistics IPO?
The lot size for Apana Logistics IPO is 2000 shares, requiring a minimum investment of ₹240,000 (2 lots).
What is the lot size for this IPO?
The lot size for Apana Logistics IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required for this IPO is ₹240,000.
What is the issue price of the shares?
The issue price of the shares is ₹60.0.
When does the IPO open and close?
The IPO opens on 7th September 2026 and closes on 9th September 2026.
When is the listing date for the shares?
The shares are expected to list on 15th September 2026.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
07 Sep 2026
Close
09 Sep 2026
Allotment
10 Sep 2026
Listing
15 Sep 2026
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