Apana Logistics IPO: dates, price band, lot size and GMP
Apana Logistics IPO listed on 15 Sep at ₹60 (BSE SME). Issue dates 7 – 9 Sep 2026, price band ₹60, lot 2,000 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Apana Logistics listed on 15 Sep 2026 on BSE SME at ₹60, ₹0 (0.0%) against the ₹60 upper band. Apana Logistics IPO listing date, price and gain · Recently listed IPOs
Updated 18 Oct 2026, 15:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Apana Logistics IPO has a price band of ₹60, a lot of 2,000 shares and no grey-market premium reported yet as of 18 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 7 – 9 Sep 2026 |
| Price band | ₹60 |
| Lot size | 2,000 shares |
| Issue size | ₹34.14 Cr |
| Fresh issue | ₹32.4 Cr |
| Subscription | 1.26x |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | Corporate Makers Capital Ltd. |
| Status | Listed |
Timeline
- Issue opens: 7 Sep
- Issue closes: 9 Sep
- Allotment: 10 Sep
- Refunds: 11 Sep
- Demat credit: 11 Sep
- Listing: 15 Sep
Live subscription
| Category | Subscribed |
|---|---|
| NII | 0.28x |
| Retail | 2.23x |
| Total | 1.26x |
Last updated 9 Sep 2026, 6:54 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Fixed Price Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹105.06 Cr |
| P/E (pre-issue) | 12.1x |
| P/E (post-issue) | 17.91x |
| Fresh issue (shares) | 54,00,000 |
| Total shares offered | 54,00,000 |
| Promoter holding pre-issue | 100% |
| Promoter holding post-issue | 67.5% |
| Promoters | Pratyaksh Sureka |
| Lead managers | Corporate Makers Capital Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | afl.ipo@kfintech.com |
| Company website | apanalogistics.com |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 4,000 | ₹2,40,000 |
| Retail (maximum) | 2 | 4,000 | ₹2,40,000 |
| sNII (minimum) | 3 | 6,000 | ₹2,40,000 |
| bNII (minimum) | 3 | 6,000 | ₹10,80,000 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| NII (HNI) | 50% | 27,00,000 | 50% of the Net Issue |
| Retail | 50% | 27,00,000 | 50% of the Net Issue |
| Market Maker | 5.4% | 2,90,000 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 7 Sep | — | 0.02x | — | — | 0.40x | 0.21x |
| Day 2 · 8 Sep | — | 0.10x | — | — | 1.13x | 0.62x |
| Day 3 · 9 Sep | — | 0.28x | — | — | 2.23x | 1.26x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹4.96 |
|---|---|
| EPS (post-issue) | ₹3.35 |
| P/E (pre-issue) | 12.1x |
| P/E (post-issue) | 17.91x |
| RoNW | 23.64% |
| RoCE | 26.57% |
| RoE | 23.64% |
| PAT margin | 14.49% |
| EBITDA margin | 28.7% |
| Price / book | 4.92x |
| NAV per share | ₹12.19 |
| Debt / equity | 0.56 |
| Market cap (upper band) | ₹105.06 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 36.84 | 28.95 | 25.05 | +27.3% |
| Total Income | 31.07 | 21.61 | 20.33 | +43.8% |
| Profit After Tax | 5.86 | 3.11 | 3 | +88.4% |
| EBITDA | 11.32 | 6.15 | 4.63 | +84.1% |
| NET Worth | 20.27 | 14.41 | 11.87 | +40.7% |
| Reserves and Surplus | 8.45 | 2.59 | 9.9 | +226.3% |
| Total Borrowing | 6.3 | 8 | 9.26 | −21.3% |
About Apana Logistics
Incorporated in 1992, Apana Logistics Ltd. is engaged in the business of providing comprehensive logistics support for the handling and transportation of containers. The Company offers diversified services including Container Handling at Container Freight Stations (CFS), Inland Container Depots (ICD), and ports, road transportation, cargo handling at third-party warehouses, and the repair, operation, and maintenance of truck-trailers (TT). The Company serves some of the top leading CFS/ICD/Port Operators in India and focuses on delivering cost and time-effective solutions to its customers.
As of August 31, 2025, the Company owned and maintained a fleet size of thirty-three (33) truck-trailers and five (5) reach stackers. Apana Logistics caters to more than 10 customers, with strong and long-established relationships, including two of its top five customers who have been associated with the Company for over 10 years. As of August 31, 2025, the Company had 85 permanent employees.
Objects of the issue
- Funding capital expenditure requirement of company towards purchase of reach stackers — ₹25 Cr
- General corporate purposes — ₹5.04 Cr
- Issue Expenses — ₹4.1 Cr
Net proceeds: ₹34.14 Cr
Peer comparison
| Company | EPS (Basic) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|
| Apana Logistics (issuer) | 4.96 | 17.15 | 12.1x | 33.82% | 3.53 | Restated |
| Premier Roadlines | 5.97 | 44.93 | 6.97x | 14.23% | 0.93 | Standalone |
| VRL Logistics | 13.54 | 65.31 | 22.15x | 21.27% | 4.6 | Standalone |
Notes: P/E Ratio has been computed based on the closing market price of equity shares on the NSE/ BSE on September 30, 2026 divided by the Basic EPS. RoNW is computed as net profit after tax divided by Average Net worth (as restated) as at the end of the year. Net worth has been computed as sum of share capital and reserves and surplus. NAV is computed as the closing net worth divided by the closing outstanding number of Equity shares. Net worth of Peer Company has been calculation by adding Share capital and reserve and surplus.
Offer documents: DRHP (PDF)
Track this issue
- Apana Logistics IPO listing day: listed at ₹60 (0.0% vs the upper band), 15 Sep 2026
- Apana Logistics IPO GMP today and trend
- Apana Logistics IPO subscription status, day by day
- Apana Logistics IPO allotment status and how to check
Frequently asked questions
When does the Apana Logistics IPO open and close?
The issue is scheduled for 7 – 9 Sep 2026.
What is the Apana Logistics IPO price band?
The price band is ₹60 per share with a lot size of 2,000 shares.
How big is the Apana Logistics IPO?
The total issue size is ₹34.14 Cr.
When will Apana Logistics list?
The tentative listing date is 15 Sep on the SME platform.
How do I apply for the Apana Logistics IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Apana Logistics · as filed with SEBI · bsesme.com
- Registrar allotment page, Kfin Technologies Ltd. · allotment 10 Sep · ipostatus.kfintech.com
- BSE SME issues page · listing 15 Sep · bsesme.com
- Apana Logistics company website · apanalogistics.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 15 Sep, 03:58 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Apana Logistics IPO”, https://buyunlistedshares.com/ipo/apana-logistics-ipo, as of 18 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 18 Oct 2026.
Our notes on this IPO
- Read our review: Apana Logistics IPO 2026: Business, Financials and Key Facts from the Offer Document
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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