Apana Logistics IPO
Logistics • ₹34.14 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Regulatory or legal risks cited in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹60
Lot Size
2000 shares
Issue Size
₹34.14 Cr
Open
07 Sept 2026
Close
09 Sept 2026
Subscription
—
IPO Schedule
| Issue Open Date | 07 Sept 2026 |
| Issue Close Date | 09 Sept 2026 |
| Allotment Date | 10 Sept 2026 |
| Listing Date | 14 Sept 2026 |
About Apana Logistics
Apana Logistics Limited, incorporated in 1992 and headquartered in Kolkata with corporate offices in Mumbai, provides integrated logistics solutions across India. Its operations cover container handling at Container Freight Stations (CFS), Inland Container Depots (ICD), and ports, alongside road transportation, cargo handling at third-party warehouses, and truck-trailer maintenance. Managed by promoter Mr. Pratyaksh Sureka, the company operates via a hybrid model of owned and rented fleet assets, expanding revenue from ₹2,009.64 lakhs in FY24 to ₹3,085.13 lakhs in FY26.
Company Details
Founders / Promoters
Mr. Pratyaksh Sureka
Founded
1992
Registrar
KFin Techologies Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Apana Logistics — IPOFins Verdict
QuantitativeDriven by elevated disclosed risk (8/10), Apana Logistics listed at a premium of 0.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- A diversified logistics service mix across container handling, road transport, and warehousing.
- Strong recent financial growth, with net profit increasing from ₹300.31 lakhs in FY24 to ₹586.47 lakhs in FY26.
- Experienced management capability that supports effective tender bidding and an established operational presence across states like Karnataka, Maharashtra, West Bengal, and Gujarat.
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Actual listing outcome → score −0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹60
Listing Price
₹60
Listing Gain/Loss
+0.00%
Listing Date
14 Sept 2026
Price Since Listing
Returns are measured against the ₹60 issue price.
Listing
₹60
+0.0%
Current
₹35.95
-40.1%
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FAQ
What is the price band of Apana Logistics IPO?
The price band is ₹60 per share with a lot size of 2000 shares. Minimum investment: ₹1,20,000.
What does Apana Logistics do?
Apana Logistics Limited, incorporated in 1992 and headquartered in Kolkata with corporate offices in Mumbai, provides integrated logistics solutions across India. Its operations cover container handling at Container Freight Stations (CFS), Inland Container Depots (ICD), and ports, alongside road transportation, cargo handling at third-party warehouses, and truck-trailer maintenance. Managed by promoter Mr. Pratyaksh Sureka, the company operates via a hybrid model of owned and rented fleet assets, expanding revenue from ₹2,009.64 lakhs in FY24 to ₹3,085.13 lakhs in FY26.
Should I apply for Apana Logistics IPO?
Apana Logistics listed at ₹60 (+0.0% premium to the ₹60 issue price). IPOFins Score 3/10: Driven by elevated disclosed risk (8/10), Apana Logistics listed at a premium of 0.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Apana Logistics?
Apana Logistics was founded by Mr. Pratyaksh Sureka in 1992.