Sunsky Logistics IPO

Sunsky Logistics Ltd

₹1,38,000 /3000 sharesMinimum Investment

Sunsky Logistics IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Sep ‘25 - 3 Oct ‘25₹2,76,0003,000₹46 - ₹46
Issue SizeIPO Doc
16.84Cr
RHP PDF

About Sunsky Logistics

Sunsky Logistics is a logistics company that provides integrated supply chain management solutions. The company specialises in third-party logistics (3PL) services, including freight forwarding, cargo handling, door-to-door distribution, multi-transport operations, and customs clearance. It also handles project cargo, offering tailored solutions for the transportation of specialised equipment using various modes of transport. Sunsky Logistics holds a Multimodal Transport Operator (MTO) license and an Ocean Transportation Intermediary (OTI) certification, allowing it to offer multimodal transportation and expand operations, particularly in the United States. The company operates through a network of global agents and partners, including shipping lines, freight agents, and customs liaison offices. Sunsky Logistics is involved in markets across the Americas, Africa, Europe, and Asia. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Purchase of flatbed trailers—Rs 6.42 crore. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company—Rs 3.5 crore. To meet the working capital requirements—Rs 2.75 crore. General corporate purposes—Rs 2.52 crore. ;
Founded in
2020
Managing director
Mr Akash A Shah
Parent organisation
Sunsky Logistics Ltd

Strengths & Financials of Sunsky Logistics

Strengths
Risks
Sunsky Logistics claims to have developed long-standing relationships with clients across various sectors, including fast-moving consumer goods (FMCG), engineering, industrial goods, and medical equipment. The company’s high service quality and operational efficiency have contributed to customer satisfaction and loyalty, providing a competitive edge in attracting new clients. These established relationships are integral to the company’s growth strategy.
Sunsky Logistics claims to offer a broad spectrum of multimodal transport and logistics services, including ocean freight forwarding, customs clearance, and transportation. Its asset-light business model and extensive service portfolio allow for cost-effective, scalable, and efficient supply chain solutions, which have helped it attract clients from diverse industries.
Sunsky Logistics claims to have established a robust network of agents across various countries, including Australia, Iraq, the UAE, Uganda, the US, and several European nations. Through these international partnerships, the company has strengthened its logistics capabilities and operational reach. Additionally, its relationships with leading shipping lines and carriers allow it to secure favourable commercial terms and operational advantages, including the ability to issue House Bills of Lading for shipments from India to the USA.
The company has witnessed a consistent increase in profit after tax (PAT). It increased from Rs 0.31 crore in FY23 to Rs 1.25 crore in FY24 and Rs 2.59 crore in FY25.
The top customer alone accounted for Rs 4.21 crore (50.74 percent) of the company’s revenue in the period ended July 31, 2025, Rs 4.10 crore (18.61 percent) in FY25, Rs 4.07 crore (27.58 percent) in FY24, and Rs 4.90 crore (25.34 percent) in FY23. Any failure to retain this key customer or a loss of business from them could adversely affect the company’s business and financial standing.
Gujarat alone accounted for Rs 7.50 crore (90.42 percent) of the company’s revenue in the period ended July 31, 2025, Rs 19.90 crore (90.30 percent) in FY25, Rs 13.87 crore (93.93 percent) in FY24, and Rs 17.55 crore (90.72 percent) in FY23. This heavy reliance on a single region exposes the company to risks associated with economic fluctuations, competitive pressures, or demographic changes in Gujarat, any of which could significantly impact its revenue and overall financial performance.
The company reported negative cash flow from operating activities amounting to Rs 0.71 crore in the period ended July 31, 2025. Additionally, negative cash flow from investing activities amounted to Rs 1.38 crore in the period ended July 31, 2025; Rs 1.47 crore in FY25; Rs 0.53 crore in FY24; and Rs 0.27 crore in FY23. Furthermore, the company reported negative cash flow from financing activities amounting to Rs 0.21 crore in FY25 and Rs 0.17 crore in FY23. Sustained negative cash flow could limit the company’s ability to fund capital expenditures, repay loans, or invest in new opportunities, potentially impacting its growth and financial stability.
The company is involved in certain ongoing tax proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Sunsky Logistics Limited is exposed to interest rate risks due to its reliance on debt financing to fund operations and growth. Any increase in interest rates could lead to higher interest costs on existing loans, which would negatively impact the company’s results of operations.
Sunsky Logistics’ operations are heavily reliant on the road and sea transportation network for the movement of goods. Disruptions caused by factors such as bad weather, natural calamities, political unrest, accidents, or third-party negligence could result in delays, additional costs, and unreliability in the supply chain. These disruptions may lead to delays in delivering consignments or damage to goods, affecting the company’s reputation and profitability.
Sunsky Logistics heavily relies on a network of overseas agents for cargo handling, transportation, and timely delivery of goods at export and import destinations. The company has not entered into formal agreements with these agents, making it vulnerable to service deficiencies or disruptions. Any failure to maintain strong relationships or any decline in the performance of these agents could adversely affect the company’s ability to fulfil customer logistics needs, impacting revenue, reputation, and profitability.
As of July 31, 2025, the company had financial indebtedness of Rs 3.93 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.

Sunsky Logistics Financials

*All values are in Rs. Cr
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Application Details of Sunsky Logistics IPO

Apply asPrice bandApply Range
Individual investor46 - 46₹2 - 5 Lakh
For Sunsky Logistics IPO, eligible investors can apply as Individual investor.