Infraprime Logistics Technologies Files DRHP for IPO

Technology-driven logistics solutions provider Infraprime Logistics Technologies Ltd has filed a draft red herring prospectus (DRHP) with BSE SME for an IPO or initial public offering. The firm specialises in heavy-duty transport and the adoption of EVs. The IPO will comprise 3,966,400 fresh equity shares with a face value of ₹10 each.

Company Overview

The company was established as Infraprime Logistics Technologies in April 2017. Currently, the company operates in cities of Bihar, Haryana, Odisha, Uttar Pradesh, etc. Being operational helps Infra Prime Logistics gauge future RFQ opportunities in new cities and emerging markets. The company is heavy-duty focused, mainly trying to integrate electric vehicles into the logistics. It caters to industries such as infrastructure, construction, steel, cement, and mining, providing logistics solutions to enhance supply chain productivity. The firm works using an asset-light approach.

The company has a worldwide presence due to its subsidiary, Next-Gen Logistics Technologies PTE. LTD.,  a Singapore-based company dedicated to building logistics and transportation technology.

IPO Details and Objectives

The company plans to issue a total of 3,966,400 equity shares (issued at ₹10 each). This IPO is expected to raise funds for multiple important goals:

• Finance leasing of trucks and related equipment.
• Improving the technology infrastructure for existing operations.
• Dealing with the challenge of working capital.
• General corporate objectives.

Book Running Lead Managers

Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager of the issue, and Mas Services Limited as the Registrar.

Financial Performance

The company reported a revenue of ₹109.83 crore in 2024, marking a 74.1% increase from ₹63.09 crore in 2023. Similarly, the company's profit surged by 1,030.4%, rising from ₹1.35 crore in 2023 to ₹15.26 crore in 2024.