Apana Logistics IPO
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Apana Logistics IPO details
Schedule of Apana Logistics
| Issue open date | 07 Sep 2026 |
| Issue close date | 09 Sep 2026 |
| UPI mandate deadline | 09 Sep 2026 (5 PM) |
| Allotment finalization | 10 Sep 2026 |
| Refund initiation | 11 Sep 2026 |
| Share credit | 11 Sep 2026 |
| Listing date | 15 Sep 2026 |
| Mandate end date | 24 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 09 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 08 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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.
Financials of Apana Logistics
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 34.14 |
| Fresh Issue – Proceeds go to the company | 34.14 |
Utilisation of proceeds
| 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%) |
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