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Infraprime Logistics Technologies IPO

Infraprime Logistics Technologies IPO

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Infraprime Logistics Technologies IPO Details

RHP/DRHP

Issue Date

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Price Range

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Lot Size

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IPO Size

N/A

Schedule of Infraprime Logistics Technologies IPO

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

About Infraprime Logistics Technologies Ltd IPO

The IPO of Infraprime Logistics Technologies Ltd comprises a fresh issue of up to 39,66,400 equity shares. It has no offer for sale and is a 100% book-built issue.

Objectives of Infraprime Logistics Technologies Ltd IPO

  • Funding capital expenditure requirement of the company towards security deposit for finance lease of trucks and ancillary equipment
  • Building up technology infrastructure for its existing business
  • To meet working capital requirements
  • General corporate purposes

Infraprime Logistics Technologies Ltd IPO Valuation

Infraprime Logistics Technologies Ltd Share Offer and Subscription Details

Industry Outlook

The logistics industry in India is diverse, with over 1,000 active entities including local firms, global leaders, government express services, and startups. The sector has a low entry barrier and is shifting towards organised players to meet market needs efficiently. The rise of multimodal players, 3PL providers, and NextGen Transporters using technology like GPS and mobile solutions is reshaping the industry for cost- effectiveness and improved services.

The overall market size of the logistic industry in India is estimated to reach USD 517 Bn by 2030, registering a CAGR of 8.5% between 2024-2030. The growth in coming years would be majorly backed by growing freight traffic, substantial government spending planned under the PM Gati Shakti scheme, Comprehensive Logistics Action Plan, the National Logistics Policy, and other projects like Sagarmala and Bharatmala.

Company Information

Infraprime Logistics Technologies Ltd operates as a technology-driven logistics solutions provider, integrating electric vehicles (EVs) into heavy-duty transport. Its services primarily cater to the logistics needs of various industries, including infrastructure, construction, steel, cement and mining.

The company bridges the gap in a fragmented and unorganised logistics sector by offering end-to-end transportation solutions, efficiently managing operations at loading points, unloading points, fuelling stations, and checkpoints along predetermined routes.

Tech-based Platform for Logistics Management

Infraprime Logistics Technologies Ltd is a logistics and heavy-duty EV operations service provider, catering to industries such as infrastructure, construction, steel, and mining. Its key differentiator lies in the strategic integration of technology into its logistics processes, ensuring greater efficiency, transparency, and customer satisfaction.

The company’s in-house IT portal is developed for internal operations, provides a comprehensive solution for managing the transportation of bulk and heavy materials.

Higher Utilisation of the Trucks

The company has moved toward sustainability and cost efficiency with electric trucks. It has embraced heavy-duty electric trucks (EVs) to revolutionise the logistics sector. It has established electric charging stations at key locations, ensuring continuous operation of EVs and minimising downtime.

This sustainable approach strengthens its position as an environmentally conscious and forward-thinking logistics provider.

Higher Reliability of Clients

Infraprime Logistics Technologies Ltd is one of the very few transporters in the sectors who uses technology to keep track of all the activities of the transportation, loading, unloading in the sectors especially construction, mining, and heavy material transportation. This provides it a significant advantage in regard to earning and building the trust of its present customers as well as its future prospective customers.

Risks of Infraprime Logistics Technologies Ltd

  • Inability to Secure New Contracts

Infraprime’s business is heavily reliant on securing contracts through competitive bidding processes, which are fundamental to maintaining its operations, financial condition, results, prospects, and cash flows.

The nature of its logistics operations requires it to consistently qualify for and win contracts, particularly from project owners in key industries. If the company is unable to qualify for or secure new contracts from project owners, it could have a detrimental impact on its business, financial health, operational results, prospects, and cash flow.

  • Dependence on Government Contracts

The company’s business heavily relies on contracts awarded by government and government-owned customers, including central and state governments, governmental organisations, and public sector undertakings (PSUs). A significant portion of its order book is derived from these entities, and any changes in government policy, budget allocations, or tender processes could adversely impact its operations.

  • Reliance on Third-party Fleet Providers

Infraprime’s business execution relies heavily on third-party fleet providers and operators across various regions. Any adverse developments in these relationships, such as delays, non-performance, or disruptions, could negatively impact its operations, lead to project delays, and adversely affect its business, financial condition, and results of operations.

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Comparison with peers

Anchor Investor Bidding Date TBA

IPO Registrar and Book Running Lead Manager

  • IPO Registrar: MAS Services Ltd
  • Book Running Lead Manager: Beeline Capital Advisors Pvt Ltd

Business Model

Functioning on an asset-light model, strategically outsourcing fleet operators and vehicles while focusing on core competencies such as technology development, operational management, and customer satisfaction, Infraprime’s offerings include tailored logistics services.

The company offers end-to-end transportation solutions, efficiently managing operations at loading points, unloading points, fuelling stations, and checkpoints along predetermined routes. In line with global sustainability goals, it has incorporated EVs into its fleet.

Company’s Growth Trajectory

Infraprime’s revenue from operations increased from ₹57.0793 crores in FY 22 to ₹109.7316 crores in FY 24. Its net profit margin rose from -9.73% in FY 22 to 13.91% in FY 24. EBITDA margin also rose from -6.15% in FY 22 to 22.28% in FY 24.

The company has significantly increased its fleets and fleet operators. The number of fleets owned as on the six months ended September 30, 2024 and financial year ending on March 31, 2024, 2023 and 2022 stood at 12,12,6,6, respectively.

The firm’s ability to consistently deliver exceptional logistics and transportation solutions is evident not only in its operational achievements but also in its financial performance over the years. The steady year-on-year growth in its revenues underscores its execution capabilities and industry experience.

Market Position

Among its peers, Infraprime Logistics Technologies Ltd generated the highest revenue from operations at ₹109.7316 crores, showcasing its strong market position. Moreover, the company also achieved the highest growth rate in revenue at 74.24%, reflecting its robust expansion efforts. As per the PAT margins, Infraprime Logistics Technologies Ltd. led with a margin of 13.91%, reflecting its business efficiency amongst the considered peer companies.

Infraprime Logistics Technologies Ltd Profit and Loss

Infraprime Logistics Technologies Ltd Cash Flow Statement

How to Check Allotment Status of Infraprime Logistics Technologies Ltd?

1. Visit the Registrar’s Website

  • Visit the official website of MAS Services Ltd
  • Click on ‘IPO Allotment Status’ on the left-hand side
  • Choose the IPO Name
  • Enter the client ID or PAN
  • Click on ‘Search’ to know the allotment status

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

  • Choose the Issue Type
  • Select the Issue Name from dropdown
  • Put in either your application number or PAN number
  • Check the box ‘I’m not a robot’
  • Click on ‘Search’ to know allotment status

How to Apply for Infraprime Logistics Technologies Ltd?

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

Infraprime Logistics Technologies IPO FAQs

The Infraprime Logistics Technologies IPO opens for subscription from [-] to [-], with a total issue size of [-]. The IPO price band is ₹[-] per share with a lot size of [-]. The company aims to list the shares on BSE & NSE on [-].

The Infraprime Logistics Technologies IPO will open for subscription on [-] and will close on [-] for investors.

The minimum lot size for the Infraprime Logistics Technologies IPO is [-] equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.

The price band of the Infraprime Logistics Technologies IPO has been fixed at ₹[-] per equity share.

You can apply for the Infraprime Logistics Technologies IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Infraprime Logistics Technologies IPO allotment will take place on [-].

You can check the Infraprime Logistics Technologies IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Infraprime Logistics Technologies shares will list on the stock exchanges on [-].

You can find detailed information about the Infraprime Logistics Technologies IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).

The IPO of Infraprime Logistics Technologies Ltd comprises only a fresh issue with no offer for sale. The fresh issue is up to 39,66,400 equity shares.

The exact dates of the IPO are yet to be announced.

Chetan Singhal is the Chairman and MD of Infraprime Logistics Technologies Ltd.

You can read more about the IPO of Infraprime Logistics Technologies Ltd from the company’s draft red herring prospectus here.

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Neo Research Team, nor is it a report published by the Kotak Neo Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.

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