APANA LOGISTICS LIMITED
About the company
Apana Logistics Ltd (APL), incorporated in 2007, is engaged in the business of providing logistics support for handling and transportation of containers, with a well-equipped fleet that includes reach stackers, forklifts, and truck-trailers (TT). The diversified service offerings cover container handling at CFS/ICD/ports, road transportation, cargo handling at third-party warehouses, and repair, operation, and maintenance of truck-trailers.
Apana Logistics has also built strong expertise in operations and maintenance services, ensuring the efficient and reliable handling of reach stackers and other logistics equipment. Their key services include container handling and the management of truck-trailer operations, designed to support seamless logistics solutions.
By consistently delivering efficient and reliable services, Apana Logistics Limited has become a trusted partner for some of the leading CFS, ICD, and Port Operators in India, strengthening its position in the logistics value chain.
Apana Logistics Limited displayed strong financial momentum from FY24 to FY26, with total revenue rising from ₹20.10 Crs to ₹30.85 Crs. Operating efficiency improved substantially over the period, driving the EBITDA margin up from 23.59% to 36.70% and EBITDA to ₹11.32 Crs in FY26. This expanded profitability nearly doubled Net Profit (PAT) from ₹3.00 Crs to ₹5.86 Crs, lifting EPS to ₹4.96 and strengthening Shareholders' Funds to ₹20.27 Crs.
The main promoter of Apana Logistics is Pratyaksh Sureka, who serves as the company's Managing Director and is a key leader in the organization. Other promoters and directors associated with the company include Krishna Shrawan Sureka and Shrawan Kumar Sureka.
Apana Logistics is making fresh issue of up to 56,90,000 shares having face value of Rs 10 each aggregating Rs 34 Crs. The net offer to the public is 54,00,000 shares within the issue price of Rs 60 per share. 27,00,000 shares offered to retail, while 27,00,000 shares offered to the Non-Institutional HNI category, & 2,90,000 shares will be reserved for Market Maker to the issue.
The shares will be listed on BSE SME platform of the Bombay Stock Exchange (BSE).
Key metrics
Subscription status by category
Strengths & risks
Strengths / Operational Highlights
Apana Logistics Ltd- Key Competitive Strengths
Experienced Management Team: Experience Driving Efficient Container Logistics – Apana Logistics benefits significantly from the promoters' and management team's three decades of collective experience in the logistics, port operations, and engineering sectors. This core competency provides a deep understanding of container handling and supply chain dynamics, enabling the company to forge long-established client relationships and deliver specialized, cost-effective solutions efficiently.
Integrated Container Logistics & Port Support – Apana Logistics provides comprehensive logistics support for container handling and transportation. Its model focuses on offering diversified services including handling at CFS/ICDs and ports, road transport, and maintenance to top CFS/ICD/Port Operators in India, utilizing a dedicated fleet of trucks and stackers.
Strategic Focus: Operational Excellence in Port Logistics – Apana Logistics' strategy focuses on maintaining long-term relationships with key port and CFS operators while leveraging its owned fleet and specialized handling services. The aim is to deliver cost and time-effective container solutions and expand market share through operational excellence in high-demand logistics corridors.
Post the Public Issue Apana Logistics aims Scaling Up Container Logistics Capacity – Following its IPO, Apana Logistics aims to fuel growth by expanding its owned fleet of truck-trailers and reach stackers. A key objective is enhancing its operational capabilities and technology to service more large-scale port and CFS handling mandates, solidifying its presence in container logistics.
Risks
The primary risks for Apana Logistics are client concentration, relying heavily on a few major port operators, and regulatory changes impacting the EXIM container trade. The business is also exposed to fluctuations in fuel costs and the high capital expenditure required for maintaining or expanding its specialized fleet.
Financial snapshot
Strengths & risks
Strengths / Operational Highlights
Apana Logistics Ltd- Key Competitive Strengths
Experienced Management Team: Experience Driving Efficient Container Logistics – Apana Logistics benefits significantly from the promoters' and management team's three decades of collective experience in the logistics, port operations, and engineering sectors. This core competency provides a deep understanding of container handling and supply chain dynamics, enabling the company to forge long-established client relationships and deliver specialized, cost-effective solutions efficiently.
Integrated Container Logistics & Port Support – Apana Logistics provides comprehensive logistics support for container handling and transportation. Its model focuses on offering diversified services including handling at CFS/ICDs and ports, road transport, and maintenance to top CFS/ICD/Port Operators in India, utilizing a dedicated fleet of trucks and stackers.
Strategic Focus: Operational Excellence in Port Logistics – Apana Logistics' strategy focuses on maintaining long-term relationships with key port and CFS operators while leveraging its owned fleet and specialized handling services. The aim is to deliver cost and time-effective container solutions and expand market share through operational excellence in high-demand logistics corridors.
Post the Public Issue Apana Logistics aims Scaling Up Container Logistics Capacity – Following its IPO, Apana Logistics aims to fuel growth by expanding its owned fleet of truck-trailers and reach stackers. A key objective is enhancing its operational capabilities and technology to service more large-scale port and CFS handling mandates, solidifying its presence in container logistics.
Risks
The primary risks for Apana Logistics are client concentration, relying heavily on a few major port operators, and regulatory changes impacting the EXIM container trade. The business is also exposed to fluctuations in fuel costs and the high capital expenditure required for maintaining or expanding its specialized fleet.
Our verdict
Our View on This IPO
Apana Logistics Ltd which is tapping the capital market, enjoys a strong track record of ramping up its turnover in the last two years & building strong business relationships with its domestic customers which has helped it significantly scale up its operations.
Apana Logistics benefits significantly from the promoters' and management team's three decades of collective experience in the logistics, port operations, and engineering sectors. This core competency provides a deep understanding of container handling and supply chain dynamics, enabling the company to forge long-established client relationships and deliver specialized, cost-effective solutions efficiently.
Apana Logistics provides comprehensive logistics support for container handling and transportation. Its model focuses on offering diversified services including handling at CFS/ICDs and ports, road transport, and maintenance to top CFS/ICD/Port Operators in India, utilizing a dedicated fleet of trucks and stackers.
More importantly, Apana Logistics Ltd promoters have significant industry experience and have been instrumental in the company's consistent growth. The management team's combined expertise and experience are also a significant asset going ahead
After the proposed IPO, the company’s net worth will total Rs 52.67 crore as on date after the IPO, & post-IPO, the equity capital will stand at Rs 17.22 crore.
We are confident Apana Logistics Ltd will deliver consistent performance and provide an excellent investment opportunity for investors with a long-term horizon.
Hence, we recommend SUBSCRIBE for long-term investment
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