Apana Logistics shares to list today: Check GMP and other key details

The Apana Logistics shares are set to debut today, September 15, on the BSE SME platform. In the grey market, the shares are currently trading at zero GMP, suggesting a flat listing for the stock.

The Rs 34.14 crore IPO was a fixed-price issue comprising an entirely fresh issue of 56.90 lakh shares. The company had fixed the IPO price at Rs 60 per share.

The public issue opened for subscription on September 7, 2026, and closed on September 9, 2026. During the three-day bidding period, the issue was subscribed around 1.26 times overall.


The IPO carried a fixed issue price of Rs 60 per share, with a lot size of 2,000 shares.

For retail investors, the minimum application requirement was 4,000 shares, or two lots. At the issue price, this translates into a minimum investment of Rs 2.40 lakh.

With the grey market currently indicating zero GMP, market participants are expecting Apana Logistics shares to list around the IPO issue price, although the actual listing price will depend on trading conditions when the stock debuts. Investors should note that GMP is an unofficial indicator and does not guarantee the actual listing price.

Corporate Makers Capital Ltd. acted as the book-running lead manager for the issue, while Kfin Technologies Ltd. served as the registrar.

Financial Performance

Apana Logistics Ltd. recorded strong growth in FY26, with total income rising 44% to Rs 31.07 crore from Rs 21.61 crore in FY25. Profitability also improved significantly, with PAT surging 89% to Rs 5.86 crore in FY26, compared with Rs 3.11 crore in FY25.

IPO Objects of the Issue

Apana Logistics plans to use the IPO proceeds primarily to fund capital expenditure for the purchase of reach stackers, for which Rs 25 crore has been earmarked. The remaining proceeds will be used for general corporate purposes (Rs 5.04 crore) and issue expenses (Rs 4.10 crore). The total issue size amounts to Rs 34.14 crore.

About Apana Logistics Ltd.

Incorporated in January 1992, Apana Logistics Limited is engaged in the business of providing logistics support for container handling and transportation. The Company provides a diversified range of logistics services, including container handling at CFSs, ICDs and ports, road transportation, cargo handling at third-party warehouses, and operation and maintenance of truck-trailers and reach stackers. Its fleet includes truck-trailers, reach stackers and cranes, enabling it to provide integrated container handling and transportation solutions.

Apana Logistics serves leading Container Freight Station (CFS), Inland Container Depot (ICD) and port operators in India. Its long-standing relationships with customers, experience in container handling and understanding of regional transportation dynamics enable the Company to provide cost- and time-effective logistics solutions. The Company also actively participates in tenders and follows an aggressive bidding strategy to secure new projects.

As of March 31, 2026, the Company owned and maintained a fleet of 33 truck-trailers, 5 reach stackers and 2 cranes. The Company had 62 permanent employees as of June 30, 2026, comprising personnel across management, accounting and computer, operations, technical, maintenance and support functions.

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