Apana Logistics IPO: Price Band, Lot Size, Financials & Review
Apana Logistics IPO listed on BSE on Tue, 15 Sep 2026. The issue was subscribed 1.31x overall.
- Open Date
- 7 Sep 2026
- Close Date
- 9 Sep 2026
Last updated
- Issue price
- ₹60
- Lot size
- 2,000 shares
- Min. investment
- ₹2,40,000
- Issue size
- ₹34.14 Cr
- Last GMP
- 0
- Subscribed
- 🔥 1.31x
Apana Logistics IPO details
Apana Logistics IPO is a ₹34.14 Cr fixed price IPO on the SME segment, listing on BSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Mon, 7 Sep 2026 to Wed, 9 Sep 2026. Allotment was finalised on Thu, 10 Sep 2026, and the shares listed on BSE on Tue, 15 Sep 2026.
The issue price is ₹60 per share and the lot size is 2000 shares, so the minimum retail application is ₹2,40,000. Retail investors can apply for up to 2 lots (4,000 shares, ₹2,40,000).
KFin Technologies Limited is the registrar, and Corporate Makers Capital Limited is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Apana Logistics IPO GMP before listing was 0 (0.00% against the upper price band of ₹60), implying an estimated listing price of ₹60. Across 10 days of tracking, GMP ranged from 0 (10 Sep) to +₹10 (07 Sep).
| Last GMP | 0 |
|---|---|
| GMP vs upper band | 0.00% |
| Estimated listing price | ₹60 |
| Highest (07 Sep) | +₹10 |
| Lowest (10 Sep) | 0 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Apana Logistics IPO day-wise GMP.
Subscription
Day-wise subscription →Apana Logistics IPO was subscribed 1.31x overall: NII 0.39x and retail 2.23x.
| Category | Subscribed |
|---|---|
| NII | 0.39x |
| Retail | 2.23x |
| Total | 1.31x |
Final figures at the close of bidding on 9 Sep 2026. Category-wise bids, application-wise breakup and allotment chances are on the Apana Logistics IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Non-Institutional | 27,00,000 | 47.45% |
| Retail Investors | 27,00,000 | 47.45% |
| Market Maker | 2,90,000 | 5.10% |
Apana Logistics IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,40,000 |
| Retail (Max) | 2 | 4,000 | ₹2,40,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,60,000 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
P/E is not meaningful here because earnings per share is zero or negative.
Promoter holding falls from 100.00% before the issue to 67.50% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹0 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | — |
| EPS (post-issue) EPS on the enlarged share capital | ₹0 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | — |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 67.50% |
Apana Logistics Limited financials
Between 31 Mar 2024 and 31 Mar 2025, Income rose from ₹20.33 Cr to ₹21.61 Cr, and profit after tax rose from ₹3 Cr to ₹3.17 Cr. The PAT margin for 31 Mar 2025 was 14.67%.
| Period ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 29.42 | 25.56 | 15.07 |
| Total Income | 21.61 | 20.33 | 27.28 |
| Profit After Tax | 3.17 | 3.00 | 1.30 |
| Net Worth | 14.41 | 11.87 | 8.87 |
| Reserve & Surplus | 2.65 | 9.90 | 6.90 |
| Total Borrowings | 8.00 | 9.26 | 1.77 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2025 | Mar 2024 |
|---|---|---|
| ROE % | 23.64 | 28.96 |
| ROCE % | 26.57 | 29.00 |
| Debt / Equity | 0.56 | 0.78 |
| RoNW % | 23.64 | 28.96 |
| Pat Margin % | 14.49 | 14.94 |
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Funding capital expenditure requirement of our company towards purchase of reach stackers (“Vehicles”) |
| 2 | General Corporate Purpose |
About Apana Logistics Limited
Apana Logistics Ltd. is a logistics services provider engaged in container handling, transportation and related supply-chain support services. Incorporated in 1992, the company primarily serves Container Freight Stations (CFSs), Inland Container Depots (ICDs), ports and third-party warehouse operators.
Its service portfolio includes container handling at CFSs, ICDs and ports, road transportation of containers, cargo handling at third-party warehouses, and the repair, operation and maintenance of truck-trailers. The company focuses on providing cost- and time-efficient logistics solutions to its customers.
Apana Logistics serves more than 10 customers, including leading CFS, ICD and port operators in India, and has established long-term relationships with several of them. As of August 31, 2025, two of its top five customers had been associated with the company for more than 10 years.
As of August 31, 2025, the company owned and maintained a fleet of 33 truck-trailers and five reach stackers, supported by 85 permanent employees.
If you want, I can also make it more IPO/RHP-style, with a sharper focus on business model, operations, fleet and customer base.
Promoters
Mr. Pratyaksh Sureka
Contact details
Apana Logistics Ltd
11A, Rajshree 6,
Hastings Park Road
Kolkata, West Bengal, 700027
E-mail@apanalogistics.com
Contact No. +91-22-69328885
Website:https://www.apanalogistics.com/
Apana Logistics IPO FAQs
- What is the Apana Logistics IPO price band?
- Apana Logistics IPO is a fixed price issue at ₹60 per share.
- What is the Apana Logistics IPO lot size and minimum investment?
- The Apana Logistics IPO lot size is 2000 shares. The minimum retail investment is ₹2,40,000 for one lot at the upper price band. Retail investors can apply for up to 2 lots (4,000 shares), costing ₹2,40,000.
- When was Apana Logistics IPO open for subscription?
- Apana Logistics IPO was open for subscription from Mon, 7 Sep 2026 to Wed, 9 Sep 2026.
- What is the Apana Logistics IPO subscription status?
- Apana Logistics IPO was subscribed 1.31x overall: NII 0.39x and retail 2.23x. Day-wise and category-wise figures are on the subscription page.
- What was the Apana Logistics IPO GMP before listing?
- The last Apana Logistics IPO GMP before listing was 0 (0.00% against the upper price band of ₹60), implying an estimated listing price of ₹60. Across 10 days of tracking, GMP ranged from 0 (10 Sep) to +₹10 (07 Sep). GMP is an unofficial grey market indicator and can change quickly.
- What is the Apana Logistics IPO allotment date?
- The Apana Logistics IPO basis of allotment was finalised on Thu, 10 Sep 2026. You can check your allotment status on the KFin Technologies Limited website.
- What is the Apana Logistics IPO listing date?
- Apana Logistics IPO listed on BSE on Tue, 15 Sep 2026.
- Is the Apana Logistics IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Apana Logistics IPO?
- The registrar for the Apana Logistics IPO is KFin Technologies Limited, and the book running lead manager is Corporate Makers Capital Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.