{"id":230186,"date":"2026-09-04T09:22:08","date_gmt":"2026-09-04T03:52:08","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=230186"},"modified":"2026-09-04T09:22:09","modified_gmt":"2026-09-04T03:52:09","slug":"blogs-apana-logistics-initial-public-offering-review","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/","title":{"rendered":"Apana Logistics IPO Review: Key Details, Company Overview and Financials"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Apana Logistics IPO price Rs 60 per share. Opens 7 Sep, closes 9 Sep 2026. Issue size Rs 34.14 Cr. Lists 15 Sep on BSE SME.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">The Apana Logistics IPO is a Rs 34.14 crore fixed price SME issue at Rs 60 per share, open for bidding from 7 to 9 September 2026. The Kolkata based container logistics company handles container movement, road transportation and truck-trailer maintenance for CFS, ICD and port operators. It is an entirely fresh issue, and shares are proposed to list on BSE SME around 15 September 2026. Investors should note that the latest full year financials available are for FY2025, and the business carries meaningful customer concentration risk.<\/p>\n<\/div>\n<p>The Apana Logistics IPO is a fixed price issue of Rs 34.14 crore, comprising an entirely fresh issue of 56,90,000 equity shares, of which 2,90,000 shares are reserved for the market maker. The IPO will open for subscription on 7 September 2026 and close on 9 September 2026. The allotment is expected to be finalised on 10 September 2026, while the shares are proposed to list on the SME platform of BSE around 15 September 2026.<\/p>\n<p>The Apana Logistics IPO issue price is fixed at Rs 60 per share, with a lot size of 2,000 shares. Unlike many SME issues, the minimum application here is 2 lots, meaning individual investors must apply for at least 4,000 shares, requiring an investment of Rs 2,40,000. HNI investors need to apply for at least 3 lots, or 6,000 shares, amounting to Rs 3,60,000.<\/p>\n<p>Corporate Makers Capital Ltd. is the book-running lead manager for the Apana Logistics IPO, while Kfin Technologies Ltd. is the registrar to the issue.<\/p>\n<p>For detailed information on the company&#8217;s business, financials, risk factors and the proposed utilisation of proceeds, investors should refer to the Apana Logistics IPO <a href=\"https:\/\/www.bsesme.com\/download\/339300\/SME_IPO%20InPrinciple\/ApanaDP_20250930235823.pdf\" rel=\"nofollow noopener\" target=\"_blank\">DRHP<\/a> before making an investment decision.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=ipo_review\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#Company_Overview\" title=\"Company Overview\">Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#IPO_Details\" title=\"IPO Details\">IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#Industry_Context\" title=\"Industry Context\">Industry Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#Business_Strengths\" title=\"Business Strengths\">Business Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#Business_Risks\" title=\"Business Risks\">Business Risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#Financial_Performance\" title=\"Financial Performance\">Financial Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#Apana_Logistics_Ltd_%E2%80%93_Financials_Rs_in_Lakh\" title=\"Apana Logistics Ltd. &#8211; Financials (Rs in Lakh)\">Apana Logistics Ltd. &#8211; Financials (Rs in Lakh)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#Key_Ratios_and_Metrics\" title=\"Key Ratios and Metrics\">Key Ratios and Metrics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#Objects_of_the_Offer\" title=\"Objects of the Offer\">Objects of the Offer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#What_are_the_Apana_Logistics_IPO_dates\" title=\"What are the Apana Logistics IPO dates?\">What are the Apana Logistics IPO dates?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#What_is_the_issue_price_and_minimum_investment_for_the_Apana_Logistics_IPO\" title=\"What is the issue price and minimum investment for the Apana Logistics IPO?\">What is the issue price and minimum investment for the Apana Logistics IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#What_does_Apana_Logistics_Limited_do\" title=\"What does Apana Logistics Limited do?\">What does Apana Logistics Limited do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#How_will_Apana_Logistics_use_the_IPO_proceeds\" title=\"How will Apana Logistics use the IPO proceeds?\">How will Apana Logistics use the IPO proceeds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#What_are_the_key_strengths_of_Apana_Logistics_Limited\" title=\"What are the key strengths of Apana Logistics Limited?\">What are the key strengths of Apana Logistics Limited?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#What_are_the_major_risks_associated_with_the_Apana_Logistics_IPO\" title=\"What are the major risks associated with the Apana Logistics IPO?\">What are the major risks associated with the Apana Logistics IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#Who_are_the_lead_manager_and_registrar_for_the_Apana_Logistics_IPO\" title=\"Who are the lead manager and registrar for the Apana Logistics IPO?\">Who are the lead manager and registrar for the Apana Logistics IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/blogs-apana-logistics-initial-public-offering-review\/#Is_the_Apana_Logistics_IPO_a_good_investment\" title=\"Is the Apana Logistics IPO a good investment?\">Is the Apana Logistics IPO a good investment?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Company_Overview\"><\/span><strong>Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Originally incorporated in 1992 and renamed Apana Logistics in 2007 before converting to a public limited company in December 2024, Apana Logistics Ltd. provides comprehensive logistics support for the handling and transportation of containers. The company offers container handling at Container Freight Stations (CFS), Inland Container Depots (ICD) and ports, road transportation, cargo handling at third-party warehouses, and repair, operation and maintenance of truck-trailers.<\/p>\n<p>Apana Logistics serves some of India&#8217;s leading CFS, ICD and port operators, with more than 10 customers, including two of its top five customers who have worked with the company for over 10 years. As of 31 August 2025, the company owned and maintained a fleet of 33 truck-trailers and 5 reach stackers, and had 85 permanent employees. The company is headquartered in Kolkata, West Bengal.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"IPO_Details\"><\/span><strong>IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th style=\"background: #1F4E79; color: #fff; text-align: left;\">Particulars<\/th>\n<th style=\"background: #1F4E79; color: #fff; text-align: left;\">Details<\/th>\n<\/tr>\n<tr>\n<td>IPO Date<\/td>\n<td>7 to 9 September 2026<\/td>\n<\/tr>\n<tr>\n<td>Allotment<\/td>\n<td>Thu, 10 September 2026<\/td>\n<\/tr>\n<tr>\n<td>Listing Date<\/td>\n<td>Tue, 15 September 2026 (tentative)<\/td>\n<\/tr>\n<tr>\n<td>Face Value<\/td>\n<td>Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td>Issue Price<\/td>\n<td>Rs 60 per share (fixed price)<\/td>\n<\/tr>\n<tr>\n<td>Lot Size<\/td>\n<td>2,000 Shares<\/td>\n<\/tr>\n<tr>\n<td>Issue Type<\/td>\n<td>Fixed Price IPO<\/td>\n<\/tr>\n<tr>\n<td>Sale Type<\/td>\n<td>Fresh capital only<\/td>\n<\/tr>\n<tr>\n<td>Total Issue Size<\/td>\n<td>56,90,000 shares (agg. up to Rs 34 Cr)<\/td>\n<\/tr>\n<tr>\n<td>Reserved for Market Maker<\/td>\n<td>2,90,000 shares (agg. up to Rs 2 Cr)<\/td>\n<\/tr>\n<tr>\n<td>Fresh Issue (Ex Market Maker)<\/td>\n<td>54,00,000 shares (agg. up to Rs 32 Cr)<\/td>\n<\/tr>\n<tr>\n<td>Investor Reservation<\/td>\n<td>Retail: 50% of the net issue; NII (HNI): 50% of the net issue<\/td>\n<\/tr>\n<tr>\n<td>Shareholding Pre-Issue<\/td>\n<td>1,18,20,000 shares<\/td>\n<\/tr>\n<tr>\n<td>Shareholding Post-Issue<\/td>\n<td>1,75,10,000 shares<\/td>\n<\/tr>\n<tr>\n<td>Listing Exchange<\/td>\n<td>BSE SME<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>(Compiled from the RHP\/DRHP and market updates)<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Industry_Context\"><\/span><strong>Industry Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Container Freight Stations (CFS) and Inland Container Depots (ICD) are core infrastructure in India&#8217;s EXIM (export-import) supply chain, functioning as customs-cleared dry ports that decongest gateway ports and extend clearance facilities closer to inland manufacturing hubs.<\/li>\n<li>The segment has benefited from policy support including 100 percent FDI in logistics, port sector development under initiatives such as Sagarmala, and the ongoing build-out of dedicated freight corridors, all of which support container volume growth.<\/li>\n<li>Demand for container handling and road transportation services is directly tied to India&#8217;s EXIM trade volumes, which have grown alongside broader industrialisation, urbanisation and export diversification.<\/li>\n<li>The CFS and ICD sector in India includes a mix of large port-linked operators and smaller, regional players, with industry associations such as the Container Freight Station Association of India representing the sector&#8217;s interests.<\/li>\n<li>Growth in containerised cargo, along with continued investment in customs digitisation and logistics parks, is expected to keep supporting demand for CFS, ICD and allied container logistics services over the medium term.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Business_Strengths\"><\/span><strong>Business Strengths<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here are the key strengths investors evaluating the Apana Logistics IPO should weigh:<\/p>\n<ul>\n<li>A diverse service offering spanning container handling, road transportation, third-party warehouse cargo handling, and truck-trailer repair and maintenance.<\/li>\n<li>The ability to participate in tenders floated by CFS, ICD and port operators, supporting a recurring pipeline of business.<\/li>\n<li>Long established customer relationships, including two of the top five customers associated with the company for over 10 years.<\/li>\n<li>A track record of consistent profitability, with profit after tax rising each year from Rs 1.30 crore in FY2023 to Rs 3.17 crore in FY2025, even as revenue fluctuated.<\/li>\n<\/ul>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Screen logistics and transportation stocks on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Business_Risks\"><\/span><strong>Business Risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Alongside these strengths, the Apana Logistics IPO also carries the following business risks:<\/p>\n<ul>\n<li>The company depends on a limited number of key customers for a majority of its revenues, so the loss of even one large CFS, ICD or port operator client could materially affect results.<\/li>\n<li>The latest full year financials publicly available are for FY2025 (year ended 31 March 2025), so investors do not yet have audited FY2026 numbers for this IPO opening in September 2026.<\/li>\n<li>This is a capital-heavy business: reach stackers and truck-trailers are expensive, wear out over time, and require ongoing capital spending beyond what this issue raises.<\/li>\n<li>Container handling and transport volumes are closely tied to India&#8217;s EXIM trade cycle, so a slowdown in export-import cargo would directly reduce business volumes; borrowings of Rs 8.00 crore were also relatively high against a net worth of Rs 14.41 crore as of FY2025, and as a fixed price issue there is no price discovery through bidding.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Performance\"><\/span><strong>Financial Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Apana Logistics IPO is being launched against a backdrop of steadily rising profits even as revenue has fluctuated. Profit after tax grew from Rs 1.30 crore in FY2023 to Rs 3.17 crore in FY2025, while total income dipped in FY2024 before recovering slightly in FY2025. Investors should note that no FY2026 figures are yet available in the public DRHP.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Apana_Logistics_Ltd_%E2%80%93_Financials_Rs_in_Lakh\"><\/span><strong>Apana Logistics Ltd. &#8211; Financials (Rs in Lakh)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th style=\"background: #1F4E79; color: #fff; text-align: left;\">Particulars<\/th>\n<th style=\"background: #1F4E79; color: #fff; text-align: left;\">Fiscal 2025<\/th>\n<th style=\"background: #1F4E79; color: #fff; text-align: left;\">Fiscal 2024<\/th>\n<th style=\"background: #1F4E79; color: #fff; text-align: left;\">Fiscal 2023<\/th>\n<\/tr>\n<tr>\n<td>Revenue from Operations<\/td>\n<td>2,161.00<\/td>\n<td>2,033.00<\/td>\n<td>2,728.00<\/td>\n<\/tr>\n<tr>\n<td>EBITDA<\/td>\n<td>615.00<\/td>\n<td>463.00<\/td>\n<td>310.00<\/td>\n<\/tr>\n<tr>\n<td>EBITDA Margin (%)<\/td>\n<td>28.46% (computed)<\/td>\n<td>22.77% (computed)<\/td>\n<td>11.36% (computed)<\/td>\n<\/tr>\n<tr>\n<td>Profit After Tax (PAT)<\/td>\n<td>317.00<\/td>\n<td>300.00<\/td>\n<td>130.00<\/td>\n<\/tr>\n<tr>\n<td>Debt-to-Equity Ratio<\/td>\n<td>0.56<\/td>\n<td>0.78 (computed)<\/td>\n<td>0.20 (computed)<\/td>\n<\/tr>\n<tr>\n<td>Return on Capital Employed (ROCE) (%)<\/td>\n<td>26.57%<\/td>\n<td>Not separately disclosed<\/td>\n<td>Not separately disclosed<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity (ROE) (%)<\/td>\n<td>23.64%<\/td>\n<td>Not separately disclosed<\/td>\n<td>Not separately disclosed<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Amounts in Rs Lakh unless stated otherwise, compiled from the Apana Logistics IPO DRHP. These are the latest restated financials publicly available at the time of writing; FY2026 figures had not yet been disclosed. EBITDA margin and debt-to-equity for FY2024 and FY2023 are computed from disclosed absolute figures. ROCE and ROE for FY2024 and FY2023 were not separately disclosed in the available data.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Ratios_and_Metrics\"><\/span><strong>Key Ratios and Metrics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below summarises the key ratios and metrics relevant to the Apana Logistics IPO as of the latest reported period. Note this reflects FY2025, the latest year for which data is currently available.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th style=\"background: #1F4E79; color: #fff; text-align: left;\">KPI (Mar 31, 2025)<\/th>\n<th style=\"background: #1F4E79; color: #fff; text-align: left;\">Value<\/th>\n<\/tr>\n<tr>\n<td>Return on Equity (ROE)<\/td>\n<td>23.64%<\/td>\n<\/tr>\n<tr>\n<td>Return on Capital Employed (ROCE)<\/td>\n<td>26.57%<\/td>\n<\/tr>\n<tr>\n<td>Debt-to-Equity Ratio<\/td>\n<td>0.56<\/td>\n<\/tr>\n<tr>\n<td>Return on Net Worth (RoNW)<\/td>\n<td>23.64%<\/td>\n<\/tr>\n<tr>\n<td>PAT Margin<\/td>\n<td>14.49%<\/td>\n<\/tr>\n<tr>\n<td>EBITDA Margin<\/td>\n<td>28.70%<\/td>\n<\/tr>\n<tr>\n<td>Net Asset Value (NAV per share)<\/td>\n<td>Rs 12.19<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Objects_of_the_Offer\"><\/span><strong>Objects of the Offer<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The company proposes to utilise the net proceeds from the Apana Logistics IPO towards the following objects.<\/p>\n<ul>\n<li>Funding capital expenditure requirements towards the purchase of reach stackers (Rs 25.00 Cr)<\/li>\n<li>General corporate purposes<\/li>\n<\/ul>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Apana Logistics IPO and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Apana Logistics IPO reflects a small, established container logistics operator with a diverse service offering and long standing customer relationships, and a track record of rising profitability even through revenue fluctuations.<\/p>\n<p>However, high customer concentration, dated financial disclosure with no FY2026 numbers yet available, a capital-heavy asset base, dependence on India&#8217;s EXIM trade cycle, and the fixed price, no-price-discovery structure of the Apana Logistics IPO are meaningful risks that investors should weigh carefully.<\/p>\n<p>Overall, investors weighing the Apana Logistics IPO should evaluate the company&#8217;s business model, financial performance, industry outlook, competitive positioning, valuation and risk factors in detail, and carefully review the DRHP before making an informed investment decision.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<p>Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_Apana_Logistics_IPO_dates\"><\/span><strong>What are the Apana Logistics IPO dates?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Apana Logistics IPO will open for subscription on 7 September 2026 and close on 9 September 2026. The allotment is expected to be finalised on 10 September 2026, with the shares proposed to list on BSE SME around 15 September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_issue_price_and_minimum_investment_for_the_Apana_Logistics_IPO\"><\/span><strong>What is the issue price and minimum investment for the Apana Logistics IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Apana Logistics IPO issue price is fixed at Rs 60 per share, with a lot size of 2,000 shares. The minimum application is 2 lots (4,000 shares), requiring an investment of Rs 2,40,000.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Apana_Logistics_Limited_do\"><\/span><strong>What does Apana Logistics Limited do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Apana Logistics provides container handling at CFS, ICD and ports, road transportation, third-party warehouse cargo handling, and repair and maintenance of truck-trailers, serving leading CFS, ICD and port operators in India.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_will_Apana_Logistics_use_the_IPO_proceeds\"><\/span><strong>How will Apana Logistics use the IPO proceeds?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The net proceeds from the fresh issue will primarily fund capital expenditure towards the purchase of reach stackers, along with general corporate purposes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_strengths_of_Apana_Logistics_Limited\"><\/span><strong>What are the key strengths of Apana Logistics Limited?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Key strengths include a diverse service offering across the container logistics chain, the ability to participate in operator tenders, long established customer relationships, and rising profitability despite revenue fluctuations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_major_risks_associated_with_the_Apana_Logistics_IPO\"><\/span><strong>What are the major risks associated with the Apana Logistics IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company has meaningful customer concentration, the latest available financials are for FY2025 with no FY2026 data yet disclosed, the business is capital-heavy and tied to India&#8217;s EXIM trade cycle, and this is a fixed price issue with no price discovery.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_lead_manager_and_registrar_for_the_Apana_Logistics_IPO\"><\/span><strong>Who are the lead manager and registrar for the Apana Logistics IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Corporate Makers Capital Ltd. is the book-running lead manager for the Apana Logistics IPO, while Kfin Technologies Ltd. is the registrar to the issue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Apana_Logistics_IPO_a_good_investment\"><\/span><strong>Is the Apana Logistics IPO a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Apana Logistics offers exposure to a niche container logistics business with rising profitability, but high customer concentration, dated financial disclosure and its small SME scale call for a cautious, selective approach. Investors should review the DRHP and assess their own risk profile before applying.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Apana Logistics IPO is a Rs 34.14 crore fixed price SME issue at Rs 60 per share, open for bidding from 7 to 9 September 2026. The Kolkata based container logistics company handles container movement, road transportation and truck-trailer maintenance for CFS, ICD and port ope<\/p>\n","protected":false},"author":28,"featured_media":230185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[1015],"class_list":["post-230186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["230185"],"_edit_lock":["1788493933:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["72"],"rank_math_title":["Apana Logistics IPO 2026: Price and Full Review"],"rank_math_description":["Apana Logistics IPO opens 7 to 9 September 2026 at Rs 60 per share. 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