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Apana Logistics IPO Dates

SMEListed
APANA · Logistics · NSE SME

Updated · GMP, subscription and listing data refresh through the day.

Apana Logistics IPO Details

RegistrarKfin Technologies Ltd.
Lead managersCorporate Makers Capital Ltd
Offer documentDraft (DRHP)
Fresh issue₹34.14 Cr
Offer for sale—
Market cap at the offer₹105.06 Cr

Market capitalisation is the post-issue share count in the offer document’s capital structure (1,75,10,000 shares) multiplied by the upper end of the price band, ₹60. It is arithmetic on those two filed figures, not a valuation.

Apana Logistics Financials ₹ in crore

Revenue CAGR-11.0%2023 → 2025 · 2 yrs
Profit CAGR+56.2%2023 → 2025 · 2 yrs
Expenses CAGR-17.7%2023 → 2025 · 2 yrs
Total assets CAGR+39.7%2023 → 2025 · 2 yrs
00%135%2510%3815%5020%202320242025
₹ crore202320242025
Revenue₹27.28₹20.33₹21.61
Expenses₹25.43₹16.22₹17.24
Net profit (PAT)₹1.3₹3₹3.17
PAT margin4.8%14.8%14.7%
Total assets₹15.07₹25.56₹29.42

Apana Logistics Shareholding before & after the IPO

Before the IPO
Pre-issue · RHP capital structure
100%
Promoter
After the IPO
Post-issue · as disclosed in the RHP
67.5%
Promoter
Promoter & promoter groupafter the IPO
Holding67.5%
Shares1,18,20,000
Through the IPO-32.50% · exiting

The founding owners and their group entities.

The post-issue ring is the register this issue’s RHP discloses. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.

Apana Logistics IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹60
Individual investor (min)minimum application4,000₹2,40,000

The minimum application is 4,000 shares, ₹2,40,000 at the ₹60 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.

About Apana Logistics

Apana Logistics Limited is engaged in providing logistics support for handling and transportation of containers. Its services include container handling at CFS/ICD/port, road transportation, cargo handling at third-party warehouses, and repair, operation & maintenance of trucks-trailers. The company serves CFS, ICD and port operators in India. It was incorporated in 1992 and is headquartered in Kolkata, West Bengal.

Apana Logistics IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
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 company has a long-standing relationship with key customers, contributing to revenue growth and customer retention.
The company has extensive work experience in the logistics industry, enabling it to participate and qualify in government tenders.
The company's experienced management team possesses the skills to provide efficient services and maintain long-standing customer relationships.
The company leverages its integrated, solution-oriented, and customized services to cater to customer requirements and maintain long-term relationships.
▼ Risk factors (8)
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 company currently does not hold any registered Intellectual Property Rights, which may affect its ability to obtain, maintain, protect, or enforce its intellectual property.
The company's business is operating under various laws requiring approvals, and an inability to obtain, maintain, or renew these could materially affect its business.
The company generates a substantial portion of its revenue from specific regions, and adverse developments in these regions could impact its operations.
The company is dependent on the performance of industries in which its customers operate, and fluctuations in these industries may result in customer loss or decreased business volume.
Certain directors are involved in ventures in the same line of business as the company, potentially leading to conflicts of interest.

Apana Logistics IPO Dates timeline · IST

Issue opens
Mon, 07 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Wed, 09 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Thu, 10 Sept, 2026
By Kfin Technologies; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Fri, 11 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Tue, 15 Sept, 2026
NSE SME · trading from 10:00 am IST

Exchange bidding runs 10:00 am – 5:00 pm IST on each day of the issue; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids earlier. Allotment, refund and credit dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them.

How to check Apana Logistics IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Apana Logistics, the registrar is Kfin Technologies Ltd. — allotment is finalised in the days between the issue closing on 09 Sept 2026 and listing on 15 Sept 2026.

RegistrarKfin Technologies Ltd.
You will needPAN, application number or demat ID
Issue closes09 Sept 2026
Listing date15 Sept 2026

The registrar publishes allotment on its own portal: KFintech. Your bank will also show the blocked amount released if shares were not allotted.

Apana Logistics IPO Dates FAQs

When does Apana Logistics IPO open and close?

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.

What is the Apana Logistics IPO listing date?

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.

How do I apply for Apana Logistics IPO?

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.

What is the last date to apply for Apana Logistics IPO?

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.

Apana Logistics IPO Registrar where allotment and refund queries go

RegistrarKfin Technologies Ltd.

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the Apana Logistics IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. SME issues take a minimum application of two lots, so the smallest valid bid is the amount shown in the lot table above.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (09 Sept 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, Kfin Technologies Ltd., not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹0 on a ₹60 upper band means the grey market is dealing at ₹60.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.