Apana Logistics IPO

No current grey market premium reading is being quoted for the Apana Logistics IPO — the issue has listed and the grey market stops quoting once shares trade on the exchange. The day-wise history on this page shows every reading we recorded. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

Readings are collected about once an hour from third-party grey-market reporters while the issue is open, and each reading is timestamped. The history table shows one row per day, with the number of readings behind it.

Allotment for the Apana Logistics IPO is expected to be finalised on 10 September 2026, the trading day after the issue closes on 9 September 2026. Under SEBI's T+3 timeline refunds and demat credit follow on 11 September 2026 and the shares list on 15 September 2026. Dates are tentative until the registrar and exchange confirm them.

Allotment is decided and published by the registrar, Kfin Technologies Ltd. — not by the exchange and not by alphave. Open the registrar's IPO allotment page, choose the issue, and enter your PAN, application number or DP ID / client ID. Your bank will also show the blocked amount released if shares were not allotted.

The registrar to the Apana Logistics IPO is Kfin Technologies Ltd.. The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Bidding for the Apana Logistics IPO opens on 7 September 2026 and closes on 9 September 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.

The shares are scheduled to list on 15 September 2026 on NSE SME. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 7 September 2026 and 9 September 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹60); a UPI mandate must be approved by 5:00 pm on the closing day.

9 September 2026 is the last day of bidding. Allotment is then expected on 10 September 2026, refunds and demat credit on 11 September 2026, and listing on 15 September 2026 — tentative until confirmed.

The Apana Logistics IPO price band is ₹60 to ₹60 per share. Applications are made at the cut-off price, which is the upper end of the band.

One lot is 4000 shares, so a single application at the ₹60 cut-off costs ₹2,40,000. One lot already exceeds the ₹2,00,000 retail limit, so this issue can only be applied for in the HNI category.

₹2,40,000 — one lot of 4000 shares at ₹60. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Apana Logistics is an SME issue listing on NSE SME. SME issues have a larger minimum lot and trade on the exchange's SME platform after listing. The lead manager is Corporate Makers Capital Ltd.

The issue size is ₹34.14 crore, of which ₹34.14 crore is a fresh issue.

Apana Logistics reported revenue of ₹21.61 crore in FY2025, as restated in its offer document. The table on this page shows each reported year.

Apana Logistics reported a profit after tax of ₹3.17 crore in FY2025. Earlier years are in the table above.

From the restated financial statements in the company's draft and final offer documents filed with SEBI and the exchange. alphave reports them as filed, in ₹ crore, and does not publish a valuation or a view on the issue.

The promoter and promoter group hold 67.50% after the issue, down from 100.00% before it, as disclosed in the offer document.

Before the issue the promoter and promoter group hold 100.00% of Apana Logistics. An unlisted company has no public shareholders; the public holding is created by the shares sold in this IPO.

The pre-issue register is the capital structure disclosed in the offer document; the post-issue pattern is the company's shareholding-pattern filing with NSE or BSE once it is published, and the offer document's disclosed post-issue register until then.

The offer document for the Apana Logistics IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.

The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.

The company offers diverse service offerings and has a broad customer base, including CFS, ICDs, and Ports. The company has a track record of growth and profitability, with increasing revenue, EBITDA, and PAT over the last three fiscal years. The company has a strong balance sheet with significant equity and low leverage levels, positioning it well for debt financing. The page lists all 7 as disclosed.

The company is exposed to customer concentration risk due to its reliance on a limited number of key customers for a majority of its revenue. The company depends on its network partners, third-party service providers, and vendors, and unsatisfactory services or failure to maintain relationships could disrupt operations. The company is unable to trace some historical records, including minutes of board and shareholder meetings, and has had instances of non-compliance with ROC filings or payments, which could lead to penalties or adverse effects. The page lists all 8 disclosed risk factors.

The Apana Logistics shares are scheduled to list on 15 September 2026 on NSE SME. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.

Apana Logistics listed at ₹60, a gain of 0.0% on the ₹60 issue price.

On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.

Subscription figures are the exchange's own category-wise bids (NSE and BSE), refreshed every 5 minutes while bidding is open and frozen at the final tally after close. GMP is an unofficial grey-market indicator read about once an hour from third-party reporters, each reading timestamped. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue master and the offer document filed with SEBI. Financials and the shareholding pattern are as restated in the offer document; allotment is published only by the registrar, which this page links to. Anchor investor allocations, where shown, are the exchange's anchor allocation file.