Apana Logistics Ltd IPO
Logistics
Price Band
₹60 – ₹60
Lot Size
2000
Minimum Bid Quantity
4000
Minimum Investment
₹240000
Issue Size
₹34.14Cr
Opens
2026-09-07
Closes
2026-09-09
Listing
15-09-2026
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1ET101019
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Apana Logistics Limited, incorporated in 1992 and headquartered in Kolkata with corporate offices in Mumbai, provides integrated logistics solutions across India. Its operations cover container handling at Container Freight Stations (CFS), Inland Container Depots (ICD), and ports, alongside road transportation, cargo handling at third-party warehouses, and truck-trailer maintenance. Managed by promoter Mr. Pratyaksh Sureka, the company operates via a hybrid model of owned and rented fleet assets, expanding revenue from ₹2,009.64 lakhs in FY24 to ₹3,085.13 lakhs in FY26.
Pros
- • A diversified logistics service mix across container handling, road transport, and warehousing.
- • Strong recent financial growth, with net profit increasing from ₹300.31 lakhs in FY24 to ₹586.47 lakhs in FY26.
- • Experienced management capability that supports effective tender bidding and an established operational presence across states like Karnataka, Maharashtra, West Bengal, and Gujarat.
Cons
- • High client concentration, where the top 5 customers accounted for 97.79% of total revenue in FY26.
- • Historical compliance issues, including untraceable early corporate records and past delays in GST, TDS, EPF, and ESIC filings.
- • Related-party exposure, accounting for 14.46% of FY26 revenue, combined with directors holding positions in competing logistics firms.
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