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. ;
Founded in
1992
MD/CEO
Mr. Pratyaksh Sureka
Parent organisation
Apana Logistics Ltd
Apana Logistics Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
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.
High client concentration, where the top 5 customers accounted for 97.79% of total revenue in FY26.
Historical compliance issues, including untraceable early corporate records and past delays in GST, TDS, EPF, and ESIC filings.
Related-party exposure, accounting for 14.46% of FY26 revenue, combined with directors holding positions in competing logistics firms.
Operational dependence on third-party vendor equipment and performance fluctuations in the CFS/ICD sector.
Past negative cash flows from investing and financing activities, as well as operational reliance on rented office properties.
Application details
For Apana Logistics IPO, eligible investors can apply as Individual investor.
Apply as
Price band
Apply range
Lot size
Individual investor
₹60 - ₹60
₹2 - ₹5 Lakhs
2000
About
Objective of Apana Logistics IPO Proceeds
Particulars
Estimated Amount
(in ₹ Cr.)
Funding capital expenditure requirement of the company towards purchase of reach stackers (“Vehicles”)
25.00
General corporate purposes.
[.]
Total
[.]
Book Running Lead Managers & Registrar of Apana Logistics IPO
Book Running Lead Managers
Corporate Makers Capital Limited
Registrar to the Issue
KFin Technologies Limited
Key Performance Indicators (KPIs) of Apana Logistics Ltd.
KPI
Value (for the year ended March 31, 2025)
ROE (%)
23.64
ROCE (%)
26.57
EBITDA Margin (%)
28.70
PAT Margin (%)
14.49
Debt-to-equity Ratio
0.56
EPS (Pre IPO) (₹)
4.96
Return on Net Worth (RoNW) (%)
23.64
Net Asset Value (NAV) per Equity Share (₹)
17.15
Apana Logistics IPO Contact Details
Company Name
Apana Logistics Limited
Registered Office
11A, Rajshree 6, Hastings Park Road, Kolkata, West Bengal, India- 700027
