Apana Logistics IPO
SMEApana Logistics provides integrated freight transportation, cargo management, and domestic supply chain solutions across India.
Verdict: Neutral
Est. GMP
+₹10 (+17%)
Price range
₹60
Lot size
—
Issue size
—
Allotment
10 Sept
Listing
14 Sept
Review
1. Grey market premium
★★★★★GMP of ~16.7% indicates moderate listing demand with limited buffer for market volatility.
2. Company financials
★★★★★The business operates in a highly competitive, thin-margin logistics sector requiring high working capital.
3. Subscription status
★★★★★Overall bidding momentum remains average on the final day of the issue.
4. Anchor investors
★★★★★No standout institutional anchor backing recorded for this SME placement.
Company financials
Amount ₹ in Crores
| Period ended | Revenue | Expense | EBITDA | PAT | Assets |
|---|---|---|---|---|---|
| FY23 | — | — | — | — | — |
| FY24 | — | — | — | — | — |
| FY25 | — | — | — | — | — |
Subscription
Anchor investors
Anchor book details pending.
No prominent institutional anchor allocation reported.
Risks
- CyclicalHigh sensitivity to diesel and fuel price volatility directly impacts operating margins.
- ConcentrationRevenue is heavily dependent on a limited number of transport corridors and key enterprise clients.
- ValuationAsking valuation leaves little room for upside given standard SME liquidity constraints.