- POSITIVE
Annual Revenue Apana Logistics Mar-2025 Annual Revenue is Rs 22 Cr which is growth of 6.3% YoY.
- POSITIVE
Annual Net Profit Apana Logistics Mar-2025 Annual Net Profit is Rs 3 Cr which is growth of 3.4% YoY.
Apana Logistics was incorporated on January 22, 1992. The company provides logistics support for container handling and transportation, including container handling at CFSs, ICDs and ports, road transportation, cargo handling, and truck-trailer repair and maintenance. Its experience, long-standing relationships with leading CFS, ICD and port operators, and skilled management team enable it to deliver cost- and time-efficient logistics solutions
| Bidding Dates |
|---|
| 07 Sep 2026 - 09 Sep 2026 |
| Subscription |
|---|
| 1.24x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹240,000 | 2 | 2 | 2000 | 5.7 M | ₹60 | 67.5 % | ₹341.4 M | RHP DOC |
Apana Logistics IPO SUBSCRIPTION STATUS
09 Sep '26Total1.24x
Retail Individual Investor2.12x
HNI (NII) Investors0.37x
Qualified Institutional Buyers-
Apana Logistics IPO overall subscription rate was 1.24 times the total available shares
Apana Logistics IPO retail subscription rate was 2.12 times in the retail segment
Apana Logistics IPO non-institutional investor subscription rate was 0.37 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
09 Sep 2026 (Day 3) | 2.12x | 0.37x | - |
08 Sep 2026 (Day 2) | 1.07x | 0.09x | - |
07 Sep 2026 (Day 1) | 0.37x | 0.02x | - |
Apana Logistics FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 30.9 | 5.9 | 6.1 | 1.9 | 36.7% |
| FY25 | 21.4 | 3.1 | 8.2 | 5.3 | 28.70% |
| FY24 | 20.1 | 3.0 | 1.1 | -6.9 | 23.1% |
Apana Logistics IPO SUBSCRIPTION STATUS DETAILS
Apana Logistics had 5.7 M shares on offer
Apana Logistics IPO offer price was ₹60
Apana Logistics IPO minimum Investment was ₹240000
Apana Logistics IPO issue size was ₹ 341.4 M
Apana Logistics had a minimum lot size of 2000 Shares per application
Apana Logistics NUMBER OF SHARES ON OFFER
Total5.7 M
Fresh Issue5.7 M
Offer for Sale0
Post Issue Promoter Holding %67.5 %
Apana Logistics IPO IMPORTANT DATES
| Issue Open Date | 07 Sep 2026 |
| Issue close Date | 09 Sep 2026 |
| Allotment Date | 10 Sep 2026 |
| Refund Date | 11 Sep 2026 |
| Demat Account Credit Date | 11 Sep 2026 |
| Listing Date | 15 Sep 2026 |
| Listing on Exchange(s) | BSE |
| Apana Logistics Allotment Status | Exchange/ Registrar |
Apana Logistics IPO subscription opened on 07 Sep 2026, and closed on 09 Sep 2026
IPO allotment for Apana Logistics was finalized on Thursday, 10 Sep 2026
IPO listing for Apana Logistics was on BSE on Tuesday, 15 Sep 2026
Apana Logistics IPO LISTING GAINS
| Issue Price (adjusted) | 60.0 |
| Listing Open Price | 60.0 |
| Listing Close Price | 57.0 |
| Listing Gain% | 0.0% |
| Current Gain% | -64.8% |
Apana Logistics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apana Logistics Ltd. | 21.1 | 37 | 11.9 | 3.5 | 1.7 | 21.6 | 10.6 | 21.6 | 6.3 | 3.1 | 3.4 | 1.8 | 3.4 |
| Container Corporation of India Ltd. | 442 | 33663.5 | 27.1 | -6.4 | 3.7 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 400.5 | 30009.2 | 320.8 | -6.1 | 2.7 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 294.8 | 17306 | 102.3 | 3.7 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 4560.4 | 10820.9 | 37.7 | 2.4 | 1.7 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| LEAP India Ltd. | 139.9 | 6164.4 | 9 | 2.6 | 747.4 | 54.1 | 62.3 | 66 |
Annual
Balance Sheet
Ratios
Cash Flow
Apana Logistics annual results: revenue, profit, P&L, and margins as of Mar 2025 – 11 year history
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Actual
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Base Level
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| Indicator | Graph | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|
| 21.6 | 20.3 | 27.3 | ||
Operating Exp. Ann. | 15.3 | 15.4 | 24 | |
Operating Profit Ann. | 6.2 | 4.7 | 3.2 | |
OPM Ann. % | 28.49% | 23.31% | 11.60% | |
| 17.2 | 16.2 | 25.4 | ||
EBITDA Ann. | 6.3 | 5 | 3.3 | |
EBITDA Ann. margin % | 29.31% | 24.47% | 12.09% | |
Interest Ann. | 1 | 0.3 | 0.4 | |
Depr. | 0.9 | 0.5 | 1.1 | |
PBT Ann. | 4.4 | 4.1 | 1.9 | |
Tax Ann. | 1.3 | 1.1 | 0.6 | |
| 3.1 | 3 | 1.3 | ||
Net Profit Ann. | 3.1 | 3 | 1.3 | |
NPM Ann. % | 14.49% | 14.94% | 4.79% | |
EPS Adj. latest Ann. | 1.8 | 1.7 | 0.7 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
6.4%
2Y CAGR
-11.1%
Net Profit Ann.
1Y CHG
3.3%
2Y CAGR
54.4%
Operating Exp. Ann.
1Y CHG
-0.6%
2Y CAGR
-20.2%
Apana Logistics INFORMATION ON IPO ISSUE
About Apana Logistics
Apana Logistics was incorporated on January 22, 1992. The company provides logistics support for container handling and transportation, including container handling at CFSs, ICDs and ports, road transportation, cargo handling, and truck-trailer repair and maintenance. Its experience, long-standing relationships with leading CFS, ICD and port operators, and skilled management team enable it to deliver cost- and time-efficient logistics solutions
Object of the Issue
- Funding capital expenditure requirement of the company towards purchase of reach stackers
- To meet out the general corporate purposes
Apana Logistics - PROMOTERS
| Name |
|---|
| Pratyaksh Sureka |
Apana Logistics - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Pratyaksh Sureka | Chairman & Managing Director |
| Vasant Vitthal Dongre | Whole-Time-Director & Chief Financial Officer |
| Shankar Viswanathan | Non- Executive and Independent Director |
| Farzan Ghadially | Non- Executive and Independent Director |
| Pawanlata Kaul Mam | Non- Executive and Independent Director |
Apana Logistics Book Running Lead Manager
Corporate Makers Capital Limited
info@corporatemakers.in
Apana Logistics Registrar to the Offer
KFin Technologies Limited
afl.ipo@kfintech.com
Apana Logistics Strengths
Diverse service offerings
The company offers diverse logistics services, including container handling, road transportation, cargo handling and truck-trailer maintenance, serving CFSs, ICDs, ports and third-party operators. Its integrated and customised solutions enable cross-selling opportunities, strengthen customer relationships and support revenue growth and customer expansion
Strength
Quality
The company follows industry quality standards and contractual requirements, enabling it to deliver reliable services at competitive prices and secure tenders and repeat work orders. Its quality certifications provide customers with assurance on service quality and timely delivery, supporting customer satisfaction and sustainable business growth
Strength
Tender participation advantage
The company’s extensive industry experience and track record enable it to meet the financial, technical, asset and performance requirements for participating in tenders floated by government and semi-government entities, including CFSs, ports and ICDs. This experience strengthens its ability to qualify for and participate in new tenders and re-tenders from existing customers
Strength
Apana Logistics Risks
Depend on vendors
The company relies on network partners, third-party service providers and vendors for vehicles, heavy equipment, cargo transportation and other operational requirements, and any poor performance or disruption could affect its operations and customer relationships. Delays, limited availability or higher costs of transport assets, along with disputes with service providers, could increase operating expenses, pressure profitability and adversely affect the company’s business
Risk
Regulatory risks
The company does not independently verify the contents of goods handled or transported and lacks the equipment and infrastructure to comprehensively inspect all consignments. Handling hazardous, restricted or illegal cargo, or any unauthorised disclosure of sensitive information, could result in regulatory action, legal or contractual liabilities, increased costs and damage to its business, financial condition and reputation
Risk
Transportation risks
The company faces transportation-related risks, including accidents, theft, cargo loss or damage, personal injuries, adverse weather, mechanical failures and vessel-related incidents, which may result in customer claims and compensation liabilities. Risks involving owned and contract vehicles may also cause delivery delays, repair costs and other losses, while inadequate insurance coverage or high insurance premiums could further impact its business and financial performance
Risk
IPO FAQs
The promoter of the company is Pratyaksh Sureka.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 60.0 - 60.0.
The IPO application opens on Sep 07, 2026 and closes on Sep 09, 2026.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 240,000.0, the maximum value for this IPO is Rs 240,000.0.
This IPO will be allotted on Sep 10, 2026.
The refund will be credited to your account on Sep 11, 2026.
The allotted shares will be credited to your demat on Sep 11, 2026.
Apana Logistics Ltd.’s shares listed on the stock exchanges on Sep 15, 2026.