Apana Logistics Ltd IPO
Since its establishment in 1992, Apana Logistics has been providing end-to-end container transportation and logistics services. The firm offers a wide range of services: container handling at Container Freight Stations (CFS), Inland Container Depots (ICD), and ports, road transportation, cargo handling at third-party warehouses, and the repair, operation, and maintenance of truck-trailers (TT).
IPO GMP
₹0
+0% expected gain
Price Band
₹60
Lot Size
4000 shares
Min Investment
₹2,40,000
Listing Date
September 15, 2026
About Apana Logistics Ltd
Company overview, business, and key facts.
Since its establishment in 1992, Apana Logistics has been providing end-to-end container transportation and logistics services. The firm offers a wide range of services: container handling at Container Freight Stations (CFS), Inland Container Depots (ICD), and ports, road transportation, cargo handling at third-party warehouses, and the repair, operation, and maintenance of truck-trailers (TT).
The firm works with some of India’s major container terminals and port operators. As of August 31, 2025, Apana Logistics owns and maintains a fleet size of thirty-three (33) truck-trailers and five (5) reach stackers. So far, the company has served more than 10 customers, of which 2 out of its 5 top customers have been in long-term relationships for over 10 years.
Headquarters
Kolkata, West Bengal
Website
http://www.apanalogistics.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Apana Logistics Ltd IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹105.1 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
17.9x
Peer median 14.6x (premium of 22.6%)
Price to sales
3.38x
Revenue growth, 2026
+43.8%
23.6% a year over the period
Profit growth, 2026
+84.9%
39.8% a year over the period
Profit margin (PAT)
18.9%
EBITDA margin 36.69%
ROE / ROCE
33.82% / 45%
As published in the offer document
Debt to equity
0.31
Promoter holding
100% → 67.5%
Before → after the IPO
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹0
4000 shares on ₹2,40,000. GMP is unofficial.
What stands out
- Healthy profit margin: PAT margin was 18.9% in 2026.
- Profit grew 84.9% in 2026.
Watch-outs
- Priced at a 22.6% premium to the peer median P/E of 14.6.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Apana Logistics Ltd's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Apana Logistics Ltd IPO Review
Analysis based on live GMP, subscription, and issue details.
Apana Logistics Ltd IPO is currently showing a neutral GMP of ₹0, suggesting the market is cautious about listing gains.
The IPO has been subscribed 1.25x overall — QIB: —, NII: 0.28x, Retail: 2.21x.
Apana Logistics Ltd IPO subscription has closed. The shares are expected to list on September 15, 2026.
The minimum investment required is ₹2,40,000 for 4000 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Apana Logistics Ltd IPO — Frequently Asked Questions
What is Apana Logistics Ltd IPO GMP today?
Apana Logistics Ltd IPO GMP (grey market premium) today is ₹0, suggesting an estimated listing gain of +0%. GMP is indicative and subject to change.
What is the price band of Apana Logistics Ltd IPO?
The price band for Apana Logistics Ltd IPO is ₹60 with a lot size of 4000 shares. The minimum investment required is ₹2,40,000.
When is Apana Logistics Ltd IPO allotment date?
Apana Logistics Ltd IPO allotment is expected to be finalised on September 10, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will Apana Logistics Ltd IPO list on NSE/BSE?
Apana Logistics Ltd IPO is expected to list on BSE SME on September 15, 2026.
How to check Apana Logistics Ltd IPO allotment status?
To check Apana Logistics Ltd IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Apana Logistics Ltd IPO?
Apana Logistics Ltd IPO has a GMP of ₹0. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Apana Logistics Ltd IPO?
The lot size for Apana Logistics Ltd IPO is 4000 shares per lot. The minimum investment for retail investors is ₹2,40,000. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.