The Apana Logistics IPO is set to open for subscription on September 7, 2026, giving investors a three-day window to place their bids. In the grey market, Apana Logistics shares are currently commanding a GMP of around 5%, signalling a mildly positive sentiment. However, the premium also points to the possibility of a modest or nearly flat listing if current market trends hold.
The IPO is a fixed-price issue worth Rs 34.14 crore, comprising an entirely fresh issue of 56.90 lakh shares. The company has set the issue price at Rs 60 per share.
The Apana Logistics IPO will open for subscription on September 7 and close on September 9, 2026. The basis of allotment is expected to be finalised on September 10, while the shares are tentatively scheduled to make their BSE SME debut on September 15, 2026.
The IPO has a fixed price of Rs 60 per share, with a lot size of 2,000 shares.
For retail investors, the minimum application is 4,000 shares, or two lots, requiring an investment of Rs 2.40 lakh at the issue price. For HNI investors, the minimum application is three lots, or 6,000 shares, translating into an investment of Rs 3.60 lakh.
Corporate Makers Capital Ltd. is the book-running lead manager for the IPO, while Kfin Technologies Ltd. is acting as the registrar.
Apana Logistics SME IPO GMP
The Apana Logistics SME IPO GMP stands at Rs 3 per share, or around 5%, over the upper price band of Rs 60. Based on the current grey market premium, the IPO’s estimated listing price is Rs 63 per share.
GMP Note: The Grey Market Premium (GMP) is an unofficial and unregulated indicator of market sentiment. It can change before listing and does not guarantee the actual listing price or returns. Investors should consider the company’s fundamentals and risks before making an investment decision.
Apana Logistics Ltd. recorded strong growth in FY26, with total income rising 44% to Rs 31.07 crore from Rs 21.61 crore in FY25. Profitability also improved significantly, with PAT surging 89% to Rs 5.86 crore in FY26, compared with Rs 3.11 crore in FY25.
Apana Logistics plans to use the IPO proceeds primarily to fund capital expenditure for the purchase of reach stackers, for which Rs 25 crore has been earmarked. The remaining proceeds will be used for general corporate purposes (Rs 5.04 crore) and issue expenses (Rs 4.10 crore). The total issue size amounts to Rs 34.14 crore.
About Apana Logistics Ltd.
Incorporated in January 1992, Apana Logistics Limited is engaged in the business of providing logistics support for container handling and transportation. The Company provides a diversified range of logistics services, including container handling at CFSs, ICDs and ports, road transportation, cargo handling at third-party warehouses, and operation and maintenance of truck-trailers and reach stackers. Its fleet includes truck-trailers, reach stackers and cranes, enabling it to provide integrated container handling and transportation solutions.
Apana Logistics serves leading Container Freight Station (CFS), Inland Container Depot (ICD) and port operators in India. Its long-standing customer relationships, container-handling experience, and understanding of regional transportation dynamics enable the Company to provide cost- and time-effective logistics solutions. The Company also actively participates in tenders and follows an aggressive bidding strategy to secure new projects.
As of March 31, 2026, the Company owned and maintained a fleet of 33 truck-trailers, 5 reach stackers and 2 cranes. The Company had 62 permanent employees as of June 30, 2026, comprising personnel across management, accounting and computer, operations, technical, maintenance and support functions.
