Apana Logistics Share Price Lists Flat at ₹60 on BSE SME

Apana Logistics shares made a flat stock market debut on September 15, 2026, listing at ₹60.00 per share on the BSE SME platform, exactly equal to the IPO issue price of ₹60 per share.

The listing followed the company’s ₹34.14 crore IPO, which was open for subscription from September 7 to September 9, 2026. The issue received an overall subscription of 1.26 times by the end of the bidding period.

Apana Logistics’ IPO comprised a completely fresh issue of 56.90 lakh equity shares, aggregating to ₹34.14 crore.

Incorporated in January 1992, Apana Logistics Limited provides logistics support for container transportation and handling across major Indian ports, Inland Container Depots and Container Freight Stations. Its operations include road transportation, third-party warehouse cargo handling and heavy machinery management.

Apana Logistics IPO Listing Details

Apana Logistics launched its ₹34.14 crore fixed-price IPO, comprising a completely fresh issue of 56.90 lakh equity shares. The bidding window opened on September 7 and closed on September 9, 2026.

The issue price was fixed at ₹60 per equity share, with a face value of ₹10 per share. The minimum lot size was 2,000 shares, requiring a minimum investment of ₹2,40,000.

The IPO received an overall subscription of 1.26 times by the end of the bidding period.

Apana Logistics subsequently made its stock market debut at ₹60.00 per share on the BSE SME platform, exactly equal to its IPO issue price, resulting in a flat listing.

• Issue Price: ₹60 per share
• BSE SME Listing Price: ₹60.00 per share
• BSE Listing Premium: 0%
• IPO Size: ₹34.14 crore
• Fresh Issue: 56.90 lakh equity shares
• Offer for Sale: Nil
• Minimum Lot Size: 2,000 shares
• Minimum Investment: ₹2,40,000
• IPO Open Date: September 7, 2026
• IPO Close Date: September 9, 2026
• Listing Date: September 15, 2026

First-Day Trading Performance

Listing Price: Apana Logistics share price debuted at ₹60.00 per share on the BSE SME platform against the IPO issue price of ₹60, resulting in a flat listing with no premium or discount.

As of September 15, 2026, at 10:03 AM, Apana Logistics shares were trading at ₹60.00 on the BSE SME platform, unchanged from the fixed IPO issue price.

The flat debut followed the company’s ₹34.14 crore IPO, which received an overall subscription of 1.26 times.

The listing performance indicated that the stock entered the secondary market at the same valuation at which shares were offered to IPO investors.

Growth Drivers and Challenges

Growth Drivers

Established Operations: Logistics business operating since January 1992.

Diversified Services: Provides transportation, warehousing and cargo handling.

Owned Fleet: Operates truck-trailers, reach stackers and cranes.

Financial Growth: Revenue and profitability increased during FY26.

Lower Borrowings: Total debt declined during Fiscal 2026.

Challenges

Tender Dependence: Growth relies partly on securing contracts.

Capital Intensive: Logistics equipment requires significant ongoing investment.

Operational Risks: Fleet utilisation can influence business performance.

Competitive Bidding: Aggressive tendering may pressure operating margins.

Infrastructure Dependence: Operations rely on ports and logistics networks.

Utilisation of IPO Proceeds

Apana Logistics’ ₹34.14 crore IPO comprised a completely fresh issue of 56.90 lakh equity shares, with no offer-for-sale component.

The company intends to utilise the IPO proceeds primarily towards purchasing specialised reach stackers to strengthen its cargo-handling capabilities. The investment is expected to improve direct operational control and reduce reliance on third-party machinery rentals.

The remaining proceeds are intended to support general corporate purposes and meet expenses associated with the public issue.

The public issue comprised:

• Fresh issue of 56.90 lakh equity shares
• Total IPO size of ₹34.14 crore
• No offer-for-sale component

Corporate Makers Capital Limited managed the issue, Kfin Technologies Limited acted as the registrar, and Prabhat Financial Services Limited served as the market maker.

Business and IPO Overview

Incorporated in January 1992, Apana Logistics Limited provides diversified logistics support for container transportation and handling across major Indian ports, Inland Container Depots and Container Freight Stations.

The company’s operations span road transportation, third-party warehouse cargo handling and management of heavy machinery. As of March 31, 2026, Apana Logistics maintained an owned fleet comprising 33 truck-trailers, five reach stackers and two cranes.

The company had 62 permanent employees and leverages its logistics infrastructure and partnerships to participate in logistics and cargo-handling tenders.

Apana Logistics recorded financial growth during Fiscal 2026. Total income increased to ₹31.07 crore from ₹21.61 crore in Fiscal 2025. Profit after tax rose approximately 89% to ₹5.86 crore from ₹3.11 crore during the same period.

EBITDA increased to ₹11.32 crore from ₹6.15 crore in the previous financial year. Net worth stood at ₹20.27 crore, while total borrowings declined to ₹6.30 crore from ₹8.00 crore.

Apana Logistics entered the public markets through a ₹34.14 crore IPO comprising a completely fresh issue of 56.90 lakh equity shares. The issue opened on September 7 and closed on September 9, 2026, with the issue price fixed at ₹60 per share.

The IPO received an overall subscription of 1.26 times by the end of the bidding period.

Apana Logistics made a flat stock market debut on September 15, 2026, with shares listing at ₹60.00 on the BSE SME platform, exactly equal to the IPO issue price of ₹60 per share.

As of 10:03 AM on listing day, the stock continued to trade at ₹60.00, remaining unchanged from its IPO issue price.