Apana Logistics, a logistics services provider specializing in container handling and transportation, is set to launch its SME IPO with shares priced at INR 60 each. The public offering will open on 7 September 2026 and close on 9 September 2026, with an aim to raise INR 34.14 crore through a fresh issue of 56,90,000 shares. The company expects to list on BSE SME on 15 September 2026.
Established in 1992, Apana Logistics serves Container Freight Stations (CFSs), Inland Container Depots (ICDs), ports, and third-party warehouse operators. Its main services include container handling, road transportation of containers and cargo, warehouse cargo handling, and the repair and maintenance of trucks and trailers. The company operates a hybrid asset model, using both its own fleet and leased equipment. As of 31 March 2026, it owned 33 truck-trailers, five reach stackers, and two cranes. Road transportation and container handling were the primary revenue drivers in FY26, contributing 48.94% and 43.34% of operating revenue, respectively. As of 31 March 2026, Apana Logistics had six ongoing contracts with a total order value of INR 80.35 crore.
IPO Details
The Apana Logistics IPO consists solely of a fresh issue of 56,90,000 shares, totaling INR 34.14 crore. Investors can bid for a minimum of 4,000 shares, requiring an investment of INR 2,40,000. The face value of each share is INR 10. Mr. Pratyaksh Sureka is the promoter of the company. Prabhat Financial Services will act as the market maker for the issue, with a reservation of 2,90,000 shares.
Financial Snapshot
Apana Logistics has shown consistent financial growth. Its revenue increased from INR 20.10 crore in FY24 to INR 21.44 crore in FY25, and then significantly to INR 30.85 crore in FY26. Net income also saw substantial growth, rising from INR 3.00 crore in FY24 to INR 3.11 crore in FY25, and further to INR 5.86 crore in FY26. This resulted in an increase in profit margin from 14.93% in FY24 to 19.00% in FY26. The company’s Earnings Per Share (EPS) stood at INR 4.96 in FY26 (pre-issue), with a Return on Net Worth (RONW) of 33.82% and a Debt/Equity ratio of 0.31 for the same fiscal year.
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