SME
IPO ·
BSE SME
Apana Logistics Ltd
Listed
Logistics firm handling containers at CFSs, ICDs and ports, plus road transport and heavy-equipment operation.
Issue details
Price band
₹60
Face value
₹10
Lot size
2,000 shares
Minimum investment
₹2,40,000
Issue size
₹34.14 Cr
Fresh issue
₹34.14 Cr
Offer for sale
—
Issue type
Fixed Price
Exchange
BSE SME
Key dates
Opens
7 Sep 2026
Closes
9 Sep 2026
UPI mandate cut-off
5:00 PM on 9 Sep 2026
Allotment
10 Sep 2026
Refunds
11 Sep 2026
Shares in demat
11 Sep 2026
Listing
15 Sep 2026
Subscription and listing
Subscription
1.26x
Listing price
₹60
Registrar
KFin Technologies Ltd
Lead manager
Corporate Makers Capital Ltd
Subscription by category
Total
1.26x
Total applications
1,610
Listing day
Issue price
₹60
Open
₹60.00
High
₹60.00
Low
₹57.00
Day close
₹57.00
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
NII
27,00,000
47.45%
Retail
27,00,000
47.45%
Market Maker
2,90,000
5.10%
Total
56,90,000
100.00%
Finaccle’s quick read
Avoid
PAT jumped 88% to ₹5.86 Cr in FY26 after a flat FY25, on income of only ₹31 Cr, a pre-IPO profit spike on a tiny base despite D/E of 0.31 and P/E of 17.9x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Apana Logistics, a Kolkata company incorporated in 1992, provides container handling at container freight stations, inland container depots and ports, along with road transport and warehouse cargo handling. It runs a fleet of 33 truck-trailers, 5 reach stackers and 2 cranes, serving CFS, ICD and port operators. It has 62 staff and FY26 income of about ₹31 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
33.82%
ROCE
45.00%
Debt / equity
0.31
PAT margin
19.01%
P/E post issue
17.91
Market cap
₹105.06 Cr
Use of IPO money
Capex for purchase of reach stackers
₹25.00 Cr
General corporate purposes
₹5.04 Cr
Issue expenses
₹4.10 Cr
Strengths
✓
Entirely fresh issue
✓
Low debt/equity of 0.31
✓
High EBITDA margin of about 37%
✓
Integrated handling and transport for CFS/ICD clients
Risks to watch
!
PAT nearly doubled in FY26 after being flat in FY25
!
Very small revenue base of about ₹31 Cr
!
Dependence on a few CFS, ICD and port clients
!
Capital-intensive equipment business
!
Weak 1.26x subscription
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.