GMP IPO Watch
Apana Logistics IPO
Apana Logistics IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Apana Logistics IPO Details
Key facts at a glance| IPO Open Date | 6 September 2026 | IPO Close Date | 8 September 2026 |
|---|---|---|---|
| Basis of Allotment | 9 September 2026 | Listing Date | 14 September 2026 |
| Price Band | ₹34.14 per share | Face Value | ₹10 per share |
| Market Lot Size | 2000 Shares | Min Investment (Retail) | ₹2,40,000 |
| Total Issue Size | ₹34.14 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹34.14 Cr | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | SME Issue |
| Registrar | TBA | ||
Apana Logistics IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 6 September 2026 | Confirmed |
| IPO Close Date | 8 September 2026 | Confirmed |
| Basis of Allotment | 9 September 2026 | Tentative |
| Initiation of Refunds | 11 September 2026 | Tentative |
| Credit of Shares to Demat | 11 September 2026 | Tentative |
| IPO Listing Date | 14 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 9 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Apana Logistics IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 4,000 Shares | ₹2,40,000 |
| Retail (Max) | 2 Lots | 4,000 Shares | ₹2,40,000 |
| S-HNI (Min) | 3 Lots | 6,000 Shares | ₹3,60,000 |
| S-HNI (Max) | 8 Lots | 16,000 Shares | ₹9,60,000 |
| B-HNI (Min) | 9 Lots | 18,000 Shares | ₹10,80,000 |
Apana Logistics IPO Live GMP & Movement History
Daily unofficial grey market trends₹1 +1.7%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 9 Sept 2026 | ₹10 | ₹70.00 | +16.67% |
| 8 Sept 2026 | ₹10 | ₹70.00 | +16.67% |
| 7 Sept 2026 | ₹3 | ₹63.00 | +5.00% |
| 6 Sept 2026 | ₹3 | ₹63.00 | +5.00% |
Apana Logistics IPO Subscription Status
Demand breakdown by investor categoryApana Logistics Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 25.56 Cr. | 20.33 Cr. | 16.22 Cr. | 3.00 Cr. |
| 2025 | 29.42 Cr. | 21.61 Cr. | 17.24 Cr. | 3.17 Cr. |
| 2026 | 36.84 Cr. | 31.07 Cr. | 21.84 Cr. | 5.86 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Apana Logistics IPO Valuation & KPIs
Key metrics pre-issueApana Logistics Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Premiere Roadlines Limited | 6.97 | 5.97 | 14.23% | 44.93 | 330.76 Cr. |
| VRL Logistics Limited | 22.15 | 13.54 | 21.27% | 65.31 | 3221.11 Cr. |
About Apana Logistics
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.
Key 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.
Key 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
Apana Logistics IPO Reservation & Share Quotas
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% |
Apana Logistics IPO Important 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 |
Apana Logistics IPO Important 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 अपाना लॉजिस्टिक्स IPO is tentative and subject to change.
Apana Logistics 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 | ₹- |
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 अपाना लॉजिस्टिक्स.
Apana Logistics Company Financial Report
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 |
Apana Logistics Company Financial Report
| 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 अपाना लॉजिस्टिक्स are in ₹ Crores unless stated otherwise.
Apana Logistics Company Valuation & Key Performance Indicators
| 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 अपाना लॉजिस्टिक्स are computed for FY2026.
Apana Logistics 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 अपाना लॉजिस्टिक्स are sourced from DRHP filings.
Apana Logistics IPO FAQs
Apana Logistics IPO opens for subscription on 6 September 2026 and closes on 8 September 2026.
The price band for Apana Logistics IPO is set at ₹34.14 per share.
The minimum market lot size is 2000 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 4,000 Shares (₹2,40,000).
The latest Grey Market Premium (GMP) for Apana Logistics IPO is ₹1. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Apana Logistics IPO is tentatively scheduled for 9 September 2026, and shares are expected to list on the stock exchanges on 14 September 2026.
The registrar details will be confirmed in the official prospectus.