Apana Logistics IPO

About Apana Logistics IPO

The Apana Logistics IPO opens on TBA and closes on TBA. The allotment of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA.

The offer consists of a fresh issue component. The fresh issue will include up to 56,90,000 equity shares aggregating to ₹ [-] crores. The total number of shares is up to 56,90,000 while the aggregate amount is yet to be finalised.

Apana Logistics IPO’s price band is set at TBA to TBA per share. The lot size for an application is TBA. The minimum amount of investment required by a retail investor is ₹XX (XX shares) (based on upper price). The minimum lot size investment for HNIs is ₹YY(YY shares).

Apana Logistics’ service offerings are diverse, covering various aspects of the logistics sector, which range from container handling at CFS/ICD/port, road transportation, cargo handling at third-party warehouses, and repairs & maintenance of trucks and trailers. Their customers include CFSs, ICDs, and ports, as well as third-party operators.

Objectives of Apana Logistics IPO

• Funding the capital expenditure requirements of the company towards the purchase of reach stackers (“Vehicles”).
• Meeting the general corporate purposes

Industry Outlook

The logistics sector in India is transforming at an unprecedented pace due to key factors like changing global and local trade dynamics, a growing manufacturing industry, the expansion of the e-commerce market, sustainability pressures, and large-scale digitisation of the supply chain. The sector is breaking away from the traditional brick-and-mortar approach to become a more technology-enabled sector.

Recognising the strategic importance of the logistics sector and the transformational impact it can have on the overall economy, the Government of India has adopted a comprehensive and synergised, ‘whole of Government’ approach to ensure that both the demand and supply side fundamentals of the sector are viewed in their entirety with an end-to-end perspective.

About Apana Logistics

Apana Logistics is engaged in the business of providing logistics support for the handling and transportation of containers, wherein their fleet is inclusive of reach stackers, forklifts, and truck-trailers (TT). Their service offering is diversified and includes container handling at CFS/ICD/port, road transportation, cargo handling at third-party warehouses, and the repair, operation & maintenance of truck-trailers (TT).

The company also has experience in operations and maintenance services to ensure the efficient handling of reach stackers. Their key services include container handling and the operation and management of truck-trailers. They serve some of the top leading CFS/ICD/port operators in India.

Strengths of Apana Logistics

• Diverse service offerings and customer base.
• Ability to participate in tenders.
• Assured quality services.
• Track record of growth and profitability.
• Promoters’ experience and track record.

Risks of Apana Logistics

• Unsatisfactory services provided by their network partners, third-party service providers, and vendors/suppliers.
• Fluctuations in the performance of industries in which their customers operate, particularly Container Freight Stations (CFS) and Inland Container Depots (ICD).
• Any breakdown, mishaps or accidents involving their vehicles and material handling equipment.
• Any adverse developments affecting their operations in the states of Maharashtra, Karnataka, Goa, West Bengal, Andhra Pradesh, and Madhya Pradesh.
• Any natural calamity, strike, congestion, or any other factors that might affect the functioning of the ports.

*Issue Price is considered as CMP.
Source: All the financial information for listed industry peers mentioned above is on a standalone basis sourced from the Annual Reports of the peer company uploaded on the NSE/ BSE website for the year ended March 31, 2025. Information of Apana Logistics is based on restated financial information.
Notes:

1. P/E Ratio has been computed based on the closing market price of equity shares on the NSE/ BSE on September 30, 2025 divided by the Basic EPS.
   
2. RoNW is computed as net profit after tax divided by Average Net worth (as restated) as at the end of the year. Net worth has been computed as sum of share capital and reserves and surplus.
   
3. NAV is computed as the closing net worth divided by the closing outstanding number of Equity shares.
   
4. Net worth of Peer Company has been calculation by adding Share capital and reserve and surplus.

Anchor Investor Bidding Date

TBA

• Registrar: KFin Technologies Limited
• Book Running Lead Managers: Corporate Makers Capital Limited

Apana Logistics Business Model

The company earns its revenue by providing logistics support for the handling and transportation of containers, wherein their fleet is inclusive of reach stackers, forklifts, and truck-trailers (TT). Their service offering is diversified and includes container handling at CFS/ICD/port, road transportation, cargo handling at third-party warehouses, and the repair, operation & maintenance of truck-trailers (TT).

Apana Logistics Growth Trajectory

(Restated Data) Apana Logistics’ Total Income for FY25 was ₹21.61 crores, whereas in FY24 and FY23 it was ₹20.33 crores and ₹27.28 crores, respectively.

Their Profit After Tax for FY25 was ₹3.16 crores, whereas in FY24 and FY23 it was ₹3.00 crores and ₹1.30 crores, respectively.

Their EBITDA for FY25 was ₹6.15 crores, whereas in FY24 and FY23 it was ₹4.63 crores and ₹3.10 crores, respectively.

Apana Logistics Market Position

With an experienced management team and staff, Apana Logistics believes it has in-depth knowledge of yard operations across CFSs, ICDs, and ports at multiple locations, such as Nhava Sheva, Maharashtra; ICD-Whitefield, Bangalore; ICD-Balli, Goa; Varnama, Gujarat; Pithampur, Madhya Pradesh; and Nagalapally, Andhra Pradesh.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹21.611 crores, ₹3.166 crores, and ₹6.153 crores, respectively.

How to apply for Apana Logistics IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.