Apana Logistics IPO GMP today is Rs 1. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
APANA
Apana Logistics IPO GMP & Allotment
Apana Logistics is engaged in providing logistics support, specializing in the handling and transportation of containers. The company’s diversified service offerings include container handling at container freight stations (CFS), inland container depots (ICD), and ports; road transportation; cargo handling at third-party warehouses; and the operation, repair, and maintenance of truck-trailers. Its core activities revolve around managing logistics for containers using a fleet that includes reach stackers, forklifts, and truck-trailers. The company serves leading CFS, ICD, and port operators in India, securing long-term contracts that typically range from one to five years, often through a tender-based process. It undertakes container handling services through a combination of its company-owned fleet and leased equipment from third-party service providers, deploying the necessary manpower for operation and maintenance at client sites.
- IPO Price Band
- ₹60.00 - ₹60.00
- Lot Size
- 2,000 Shares
- Bidding Closes
- 09 Sept 2026
- Listing Date
- 15 Sept 2026
Current GMP Status
₹1
+1.67% vs upper band
Est. Listing Gain
-56.30%
Last Trend
09 Sept 2026
Listing Price
₹26.22
Retail Entry
₹2,40,000
IPO Details
Complete IPO information
| IPO Open Date | 07 Sept 2026 |
|---|---|
| IPO Close Date | 09 Sept 2026 |
| IPO Price Band | ₹60.00 - ₹60.00 |
| Lot Size | 2,000 Shares |
| Current GMP | ₹1 |
| Estimated Listing Gain | -56.30% |
| Issue Size | Approx ₹34.14 Cr |
| Fresh Issue | Approx ₹34.14 Cr |
| Issue Type | SME |
| IPO Listing | NSE, BSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 1.25x |
| Minimum Investment | ₹2,40,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| NII | 27 | 7.64 | 0.28x |
| Retail | 27 | 59.80 | 2.21x |
| Overall Subscription | 54 | 67.44 | 1.25x |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Apana Logistics is priced at ₹60 per share. With a minimum lot size of 2,000 shares, a retail investor applying for one lot would need approximately ₹2,40,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Apana Logistics stands at ₹1, implying an estimated listing gain of around 1.67% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Apana Logistics's IPO was subscribed 1.25x overall, with a category-wise breakdown of Retail 2.21x, NII 0.28x.
Among the strengths highlighted in Apana Logistics's IPO documents: Diverse service offerings and a wide customer base across ports and container terminals.; Proven ability and eligibility to participate in and qualify for competitive tenders..
Investors should also weigh the risk factors Apana Logistics has disclosed, including: High customer concentration with a substantial majority of revenue derived from a limited set of clients..
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
07 Sept 2026
✓
Bidding Closes
09 Sept 2026
✓
Allotment
10 Sept 2026
✓
Listing
15 Sept 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 09 Sept 2026 | ₹10.00 | - | 16.67% |
| 08 Sept 2026 | ₹10.00 | +₹7.00 | 16.67% |
| 07 Sept 2026 | ₹3.00 | - | 5.00% |
| 06 Sept 2026 | ₹3.00 | - | 5.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 4,000 | ₹2,40,000 |
| Retail Maximum | 2 Lot | 4,000 | ₹2,40,000 |
| S-HNI Minimum | 3 Lot | 6,000 | ₹3,60,000 |
| S-HNI Maximum | 8 Lot | 16,000 | ₹9,60,000 |
| B-HNI Minimum | 9 Lot | 18,000 | ₹10,80,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Strengths
- Diverse service offerings and a wide customer base across ports and container terminals.
- Proven ability and eligibility to participate in and qualify for competitive tenders.
- Assured quality services with reliable container handling and transportation operations.
- Consistent track record of financial growth, profitability, and positive operational performance.
- Experienced promoter and management team with deep domain expertise in the logistics industry.
Risks
- High customer concentration with a substantial majority of revenue derived from a limited set of clients.
- Significant operational dependence on third-party service providers, hired trailers, and leased handling equipment.
- Vulnerability to operational disruptions, volume slowdowns, or policy shifts at ports and container depots.
- Substantial capital expenditure and working capital requirements for equipment acquisition and fleet maintenance.
- Risk of failure to secure, renew, or profitably execute tender-based and long-term contracts
Analysis
Apana Logistics IPO Reservation
The Apana Logistics IPO reservation is divided equally between Non-Institutional Investors (NII) and retail investors. Each category is offered 27,00,000 shares, representing 50% of the net issue.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| NII Shares Offered | 27,00,000 Shares | 50% |
| Retail Shares Offered | 27,00,000 Shares | 50% |
Note: The reservation details are based on the provided IPO information. NII and retail investors each have an equal 50% reservation in the issue.
Analysis
Apana Logistics IPO Dates
The Apana Logistics IPO will open for subscription on September 7, 2026 and close on September 9, 2026. The IPO allotment is scheduled to be finalized on September 10, 2026, while the shares are expected to be listed on September 15, 2026.
| IPO Event | Date |
|---|---|
| IPO Open Date | September 7, 2026 |
| IPO Close Date | September 9, 2026 |
| Basis of Allotment | September 10, 2026 |
| Refunds | September 11, 2026 |
| Credit to Demat Account | September 11, 2026 |
| IPO Listing Date | September 15, 2026 |
Note: The Apana Logistics IPO schedule is based on the provided issue details. Investors should check the latest official exchange and IPO documents for any changes to the timetable.
Analysis
Apana Logistics IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 07 Sept 2026 |
| IPO Close Date | 09 Sept 2026 |
| Basis of Allotment | 10 Sept 2026 |
| Refunds | 11 Sept 2026 |
| Credit to Demat Account | 11 Sept 2026 |
| IPO Listing Date | 15 Sept 2026 |
Note: The timeline for Apana Logistics IPO is tentative and subject to change.
Analysis
Apana Logistics IPO Objects of the Issue & Utilisation of Proceeds
The proceeds from the Apana Logistics IPO will primarily be used to meet the company's capital expenditure requirements. A major portion of the funds is planned for the purchase of reach stackers, which will support the company's logistics and material-handling operations.
| Purpose | Crores |
|---|---|
| Funding capital expenditure requirements towards the purchase of reach stackers | ₹25.00 Cr |
| General Corporate Purposes | ₹- |
Note: The IPO proceeds are mainly proposed to be utilised for purchasing reach stackers as part of the company's capital expenditure plan. The general corporate purpose amount is shown as provided in the IPO details.
Analysis
Apana Logistics Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Purchase of reach stackers (CapEx) | 25 (73.23%) |
| General corporate purposes | 5.04 (14.76%) |
| Issue-related expenses | 4.1 (12.01%) |
Note: Objectives are as specified in the DRHP/RHP documents of Apana Logistics.
Analysis
Apana Logistics IPO Company Financials
The financial performance of Apana Logistics improved during the reported periods. Revenue increased from ₹20.33 Cr in 2024 to ₹31.07 Cr in 2026, while profit after tax (PAT) rose from ₹3.00 Cr to ₹5.86 Cr over the same period.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹20.33 Cr | ₹16.22 Cr | ₹3.00 Cr | ₹25.56 Cr |
| 2025 | ₹21.61 Cr | ₹17.24 Cr | ₹3.17 Cr | ₹29.42 Cr |
| 2026 | ₹31.07 Cr | ₹21.84 Cr | ₹5.86 Cr | ₹36.84 Cr |
Note: Amounts are in ₹ Crores. The financial figures are based on the periods ended 2024, 2025 and 2026 as provided for the Apana Logistics IPO.
Analysis
Apana Logistics Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 20.33 Cr. | 16.22 Cr. | 3.00 Cr. | 25.56 Cr. |
| 2025 | 21.61 Cr. | 17.24 Cr. | 3.17 Cr. | 29.42 Cr. |
| 2026 | 31.07 Cr. | 21.84 Cr. | 5.86 Cr. | 36.84 Cr. |
Note: Financial numbers for Apana Logistics are in ₹ Crores unless stated otherwise.
Analysis
Apana Logistics Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 33.82% |
| ROCE | 45.00% |
| EBITDA Margin | 36.69% |
| PAT Margin | 19.01% |
| Debt to Equity Ratio | 0.31 |
| Earning Per Share (EPS) | 4.96 (Basic) |
| Price/Earning P/E Ratio | 12.10 |
| Return on Net Worth (RoNW) | 33.82% |
| Net Asset Value (NAV) | 17.15 |
Note: Valuation KPIs for Apana Logistics are computed for FY2026.
Analysis
Apana Logistics IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Premiere Roadlines Limited | 5.97 | 6.97 | 14.23% | 44.93 | 330.76 Cr. |
| VRL Logistics Limited | 13.54 | 22.15 | 21.27% | 65.31 | 3221.11 Cr. |
Note: Peer group comparisons for Apana Logistics are sourced from DRHP filings.
Comparison
Compare Apana Logistics IPO with similar IPOs
FAQ
Apana Logistics IPO FAQs
Apana Logistics IPO price band is Rs 60.00 to Rs 60.00. Check the latest issue price, lot size and GMP together before applying.
Apana Logistics IPO open date is 07 Sept 2026, close date is 09 Sept 2026, and listing date is 15 Sept 2026.
Apana Logistics IPO lot size is 2,000 shares. The minimum retail investment is Rs 2,40,000.
Apana Logistics is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Apana Logistics IPO subscription status currently shows Retail 2.21x, NII 0.28x, Overall 1.25x.
Apana Logistics is engaged in providing logistics support, specializing in the handling and transportation of containers. The company’s diversified service offerings include container handling at container freight stations (CFS), inland container depots (ICD), and ports; road transportation; cargo handling at third-party warehouses; and the operation, repair, and maintenance of truck-trailers. Its core activities revolve around managing logistics for containers using a fleet that includes reach stackers, forklifts, and truck-trailers. The company serves leading CFS, ICD, and port operators in India, securing long-term contracts that typically range from one to five years, often through a tender-based process. It undertakes container handling services through a combination of its company-owned fleet and leased equipment from third-party service providers, deploying the necessary manpower for operation and maintenance at client sites.
Apana Logistics IPO issue size is 34.14 and the expected allotment date is 10 Sept 2026.
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