Apana Logistics Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹60
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,20,000
Issue Size
₹34.14 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Apana Logistics Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
67.5%
Issue Type
Fixed Price - SME
ISIN
INE1ET101019
About the Company
Our Company is engaged in the business of providing logistics solutions for handling and transportation of containers, wherein the fleet is inclusive of reach stackers, forklifts, truck-trailers (TT). Our service offering is diversified and includes, Container handling at CFS/ICD/port, road transportation, cargo handling at third-party warehouses, and operation & maintenance of trucks-trailers (TT).
Industry Overview
Logistics sector in India is transforming at an unprecedent pace due to key factors like changing global and local trade dynamics, growing manufacturing industry, expansion of eCommerce market, sustainability pressures, and large-scale digitisation of supply chain. Sector is breaking away from traditional brick and mortar approach to a more technology enabled sector, enabling businesses of all sizes and individuals from diverse backgrounds to take part in this dynamic and economically important sector. Recognising the strategic importance of Logistics sector and the transformational impact it can have on the overall economy, Government of India has adopted a comprehensive and synergised, `whole of Government' approach to ensure that both demand and supply side fundamentals of the sector are viewed in their entirety with an end-to-end perspective. Traditional sectoral approach has been replaced by a renewed `whole of Government' and `data driven' approach leveraging the power of technology to ensure integrated development of logistics sector in the country. Significant work has been done and continues to be done in planning and delivering pathbreaking improvements in `infrastructure reforms' (Bharatmala, Sagarmala, National Rail Plan, Dedicated Freight Corridors, Jal Marg Vikas, UDAN, etc) and `process reforms' (e-SANCHIT, Unified Logistics Interface Platform, Logistics Data Bank, Port Community System, Sagar Setu - National Logistics Portal - Marine etc). Brick-and-mortar infrastructure reforms coupled with structural and regulatory reforms are enhancing logistics efficiency and Ease of Doing Business in the country. In addition to above measures, Government of India has also prioritized trade facilitation, with regular interventions carried out on the ground. These measures have been recognised in the most recent UN Global Survey on Digital and Sustainable Trade Facilitation, where India has the highest rate of implementation of trade facilitation measures in South Asia - 94% (78.49% in 2019). Various reforms, infrastructural upgrades, digitalization, and automation measures have been at the heart of India's trade and economic ecosystem development in recent years. Positive results of this strategy have already started to emerge. In the biennial index prepared by World Bank to assess ease of trade across countries (Logistics Performance Index), India's rank improved from 44 in 2018 to 38 in 2023. The report acknowledged Government of India's efforts to improve supply chain efficiency through investments in trade-related soft and hard infrastructure, including investment in technology initiatives like Logistics Data Bank (LDB). With the launch of PM GatiShakti (PMGS) and National Logistics Policy, 2022, logistics sector has got a new direction and the task of integrating these efforts and magnifying their gains through network effect has been set in motion. While PMGS addresses integrated development of hard infrastructure and network planning, the NLP addresses soft infrastructure and logistics sector development aspect, inter alia, including process reforms, improvement in logistics services, digitisation, human resource development and skilling. Recognising the importance of efficient supply chain for India's development, Government of India has raised the agenda of logistics at a global level now. Logistics for Trade was one of the 5 priority issues discussed by the Trade & Investment Working Group under India's G20 Presidency. Further, the announcement at the G20 Leaders' Summit on the landmark India-Middle East- Europe Economic Corridor (IMEC) has the potential to make India an Asian hub in global supply chains. Complementing the vision and strategy of Government of India, States and UTs have made significant progress over the past few years in enhancing efficiency of their logistics eco-system.
Company History
Our Company was originally incorporated as a Private Limited Company under the name of "Surya Top Sale Private Limited" on January 22, 1992 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by Registrar of Companies, West Bengal. Further, pursuant to the resolution passed by the shareholders at Extra-Ordinary General Meeting held on August 20, 2007, the name of our Company was changed from "Surya Top Sale Private Limited" to "Apana Logistics Private Limited" vide fresh Certificate of Incorporation dated October 09, 2007 issued by Deputy Registrar of Companies, West Bengal. Subsequently, pursuant to the resolution passed by the shareholders at Extra-Ordinary General Meeting held on September 25, 2024, our Company was converted into a Public Limited Company, and its name was changed from "Apana Logistics Private Limited" to "Apana Logistics Limited" and a fresh Certificate of Incorporation consequent to the conversion was issued by December 03, 2024 was issued by Central Processing Centre. The CIN of our Company is U51909WB1992PLC054214.
Growth Strategy
- Grow our relationships with our existing customers.
- Acquiring new customers - government initiatives, new ports, freight corridors.
- Continue to invest in our infrastructure capabilities.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of upto 56,90,000 equity shares of face value of Rs. 10/- each of Apana Logistics Limited ("ALL" or the "Company" or the "Issuer") for cash at a price of Rs. 60 per equity share including a share premium of Rs. 50 per equity share (the "Issue Price") aggregating to Rs. 34.14 Crore ("The Issue"), of which 2,90,000 equity shares of face value of Rs.10/- each for cash at a price of Rs. 60 per equity share including a share premium of Rs. 50 per equity share aggregating to Rs. 1.74 Crore will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The public issue less the market maker reservation portion i.e. net issue of 5,400,000 equity shares of face value of Rs. 10/- each at a issue price of Rs. 60 per equity share including a share premium of Rs. 50 per equity share aggregating to Rs. 32.4 Crore is herein after referred to as the "Net Issue". The public issue and the net issue will constitute [*]% and [*]% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. The face value of the equity share is Rs. 10/- and the issue price is [*] times of the face value.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Diverse service offering and customer base.
- Ability to participate in tenders.
- Assured quality services.
- Track record of growth and profitability.
- Promoters experience and track record.
- The company depends on a limited number of key customers for a majority of its revenues, which exposes the company to a high risk of customer concentration. A decrease in the revenues its derives from them could materially and adversely affect the company's business, results of operations, cash flows and financial condition.
- The company depends on its network partners, third-party service providers and vendors/suppliers in certain aspects of the company operations and unsatisfactory services provided by them or failures to maintain relationships with them could disrupt its operations.
- The company is unable to trace some of its historical records including minutes of the Board and Shareholders meetings and corresponding form filings. While the company has conducted a search with the RoC, in respect of the unavailability of such forms and other records, its cannot assure you that such forms or records will be available at all or any time in the future. Further there have been certain instances of non-compliances in respect of ROC filing or payments. Any penalty or action taken by any regulatory authorities in future for non-compliance with provisions of all applicable law and other law could impact on the financial position of the Company to that extent. Further, few form are not available in the company records.
- Significant portion of the company's revenue from operations for the period ended Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively are from related parties. Further, the company has in the past entered into other related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with its shareholders and Directors.
- The company is dependent on the performance of industries in which its customers operates, particularly Container Freight Station (CFS) and Inland Container Depots (ICD), and fluctuations in the performance of such industries may result in a loss of such customers, a decrease in the volume of work the company undertake or the price at which its offer the company services.