Apana Logistics IPO Details

Fixed Price IPO | ₹34 Cr | Listing at BSE SME | Mon, Sep 7, 2026 - Wed, Sep 9, 2026

IPO Details

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Apana Logistics IPO is a fixed issue price of ₹34.14 crores. The issue is entirely a fresh issue of 56.90 lakh shares of ₹34.14 crore.

Apana Logistics IPO opens for subscription on Sep 7, 2026 and closes on Sep 9, 2026. The allotment for the Apana Logistics IPO is expected to be finalized on Sep 10, 2026. Apana Logistics IPO will list on the BSE SME with a tentative listing date fixed as Sep 15, 2026.

Apana Logistics IPO is set final issue price at ₹60 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,40,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,60,000.

Corporate Makers Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd.

Refer to Apana Logistics IPO DRHP for detailed Information.

IPO Open

Mon, Sep 7, 2026

IPO Close

Wed, Sep 9, 2026

Price Band

₹60 per share

Market Cap*

₹105.06 Cr * on Offer Price

IPO Details

IPO Date

7 to 9 Sep, 2026
Listing Date

Tue, Sep 15, 2026
Face Value

₹10 per share
Price Band

₹120 to ₹127
Issue Price

₹60 per share
Lot Size

2,000 Shares
Sale Type

Fresh capital only
Issue Type

Fixed Price IPO
Listing At

BSE SME

Total Issue Size

56,90,000 shares (agg. up to ₹34 Cr)
Reserved for Market Maker

2,90,000 shares (agg. up to ₹2 Cr) Prabhat Financial Services Ltd.
Fresh Issue(Ex Market Maker)

54,00,000 shares (agg. up to ₹32 Cr)
Net Offered to Public

54,00,000 shares (agg. up to ₹32 Cr)
Share Holding Pre Issue

1,18,20,000 shares
Share Holding Post Issue

1,75,10,000 shares

IPO Open

Mon, Sep 7, 2026
Allotment

Thu, Sep 10, 2026
Credit of Shares

Fri, Sep 11, 2026

IPO Close

Wed, Sep 9, 2026
Refund

Fri, Sep 11, 2026
Listing

Tue, Sep 15, 2026

Issue Reservation

Apana Logistics IPO comprises a total issue size of 56,90,000 shares. The net offer to the public is 54,00,000 shares, after excluding 2,90,000 shares allotted on a firm basis. Of the Net offer 27,00,000 (50.00%) allocated to NII 27,00,000 (50.00%) allocated to RII.

Investor Category	Shares	% of Net Issue	% of Total Issue
NII (HNI)	27,00,000	50.00%	47.45%
Retail	27,00,000	50.00%	47.45%
Firm Reservations
Market Maker	2,90,000		5.10%
Total	56,90,000	100.00%	100.00%

IPO Lot Size

Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.

Application	Lots	Shares	Amount
Individual investors (IND) (Min)	2	4,000	₹2,40,000
Individual investors (IND) (Max)	2	4,000	₹2,40,000
HNI (Min)	3	6,000	₹3,60,000

About Apana Logistics Ltd.

Incorporated in January 1992, Apana Logistics Limited is engaged in the business of providing logistics support for container handling and transportation. The Company provides a diversified range of logistics services, including container handling at CFSs, ICDs and ports, road transportation, cargo handling at third-party warehouses, and operation and maintenance of truck-trailers and reach stackers. Its fleet includes truck-trailers, reach stackers and cranes, enabling it to provide integrated container handling and transportation solutions.

Apana Logistics serves leading Container Freight Station (CFS), Inland Container Depot (ICD) and port operators in India. Its long-standing relationships with customers, experience in container handling and understanding of regional transportation dynamics enable the Company to provide cost- and time-effective logistics solutions. The Company also actively participates in tenders and follows an aggressive bidding strategy to secure new projects.

As of March 31, 2026, the Company owned and maintained a fleet of 33 truck-trailers, 5 reach stackers and 2 cranes. The Company had 62 permanent employees as of June 30, 2026, comprising personnel across management, accounting and computer, operations, technical, maintenance and support functions.

Competitive Strengths

Assured quality services.
Ability to participate in tenders.
Track record of growth and profitability.
Diverse service offerings and customer base.
Experienced promoters and management team.
Established relationships with CFSs, ICDs and ports.
Integrated container handling and transportation capabilities.(Updated on Sep 7, 2026)

Company Financials (Restated)

Apana Logistics Ltd.’s revenue increased by 44% and profit after tax (PAT) rose by 89% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	36.84	28.95	25.05
Total Income	31.07	21.61	20.33
Profit After Tax	5.86	3.11	3.00
EBITDA	11.32	6.15	4.63
NET Worth	20.27	14.41	11.87
Reserves and Surplus	8.45	2.59	9.90
Total Borrowing	6.30	8.00	9.26

Recently Listed IPOs in Logistics Solution Provider

Company	Issue Type	Issue Size	Issue Price	PE Ratio	Listing Day Close	Listing Gain/Loss %	LTP
Sampark India Logistics Ltd.	SME	₹27.22 Cr	₹84	8.65	₹93.45	+11.25%	₹94.50
Global Ocean Logistics India Ltd.	SME	₹30.41 Cr	₹78	12.07	₹79.29	+1.65%	₹110.00
Neptune Logitek Ltd.	SME	₹46.62 Cr	₹126	13.76	₹95.80	-23.97%	₹35.00

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Funding capital expenditure requirement of company towards purchase of reach stackers

25.00
2 General corporate purposes

5.04
3 Issue Expenses

4.10
Total

34.14

Key Performance Indicator (KPI)

KPI	Mar 31, 2026	Mar 31, 2025
ROE	33.82%	23.64%
ROCE	45.00%	26.57%
Debt/Equity	0.31	0.56
RoNW	33.82%	23.64%
PAT Margin	19.01%	14.49%
EBITDA Margin	36.69%	28.70%
NAV	17.15	12.19
Price to Book Value	3.50	4.92

IPO Valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	4.96	3.35
P/E (x)	12.1	17.91
Market Cap at Offer Price	₹71Cr.	₹105.06 Cr

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

IPO Timetable (Tentative)

# Issue Expenses

Est Amt (₹ Cr.)
1 Lead Manger Fees, Fees Payable to Registrar to the Issue, Fees Payable to Statutory Auditor, Legal Advisors

0.48
2 Underwriting Commission, Selling, marketing and distribution expense

3.41
3 Fees Payable for Advertising and Publishing Expenses, Payment for Printing & Stationery, Postage, etc

0.08
4 Fees Payable to Regulators including Stock Exchanges

0.08
5 Others (Commission/processing fee for SCSBs, Brokerage and Selling Commission, Sponsor Bank and Banker(s) to the Issue and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs and Miscellaneous Expenses includes marketing expense, event expense etc

0.05
Total

4.10

IPO Registrar

Kfin Technologies Ltd.

040-79615565
afl.ipo@kfintech.com
Visit Website

IPO Lead Manager(s)

Corporate Makers Capital Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Apana Logistics Ltd. Address

11A

Rajshree 6

Hastings Park Road

Kolkata, West Bengal, 700027

+91-22-69328885
email@apanalogistics.com
Visit Website

IPO FAQs

What is the Apana Logistics IPO?

Apana Logistics IPO is a SME IPO of 56,90,000 equity shares of the face value of ₹10 aggregating up to ₹34 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.

The IPO opens on Mon, Sep 7, 2026, and closes on Wed, Sep 9, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

How to apply in Apana Logistics IPO through Angel One?

Angel One customers can apply online in Apana Logistics IPO using UPI as a payment gateway. Angel One customers can apply in Apana Logistics IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Apana Logistics IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Apana Logistics IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Apana Logistics IPO will open?

The Apana Logistics IPO opens on Mon, Sep 7, 2026 and closes on Wed, Sep 9, 2026.

What is the lot size of Apana Logistics IPO?

Apana Logistics IPO lot size is 2000, and the minimum amount required for application is ₹2,40,000, with 2 lots being the minimum application size.

How to apply for Apana Logistics IPO?

You can apply in Apana Logistics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Apana Logistics IPO allotment?

The finalization of Basis of Allotment for Apana Logistics IPO will be done on Thursday, September 10, 2026, and the allotted shares will be credited to your demat account by Fri, Sep 11, 2026. Check the Apana Logistics IPO allotment status.

When is Apana Logistics IPO listing date ?

The Apana Logistics IPO listing date is not yet announced. The tentative date of listing is Tue, Sep 15, 2026.