211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9659.65 Crs.  Total funds raised in 2,025.00

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

Apana Logistics Limited IPO Analysis

Apana Logistics IPO is a Fixed Price listing on BSE SME exchange, with an ipo size of ₹ [●] Cr. The company is based in Kolkata and caters to Logistics sector. Corporate Makers Capital is the merchant banker of Apana Logistics IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th September 2025.

Apana Logistics IPO posted revenues of ₹ 21.44 Cr. and PAT of ₹ 3.11 Cr. in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 21.44 Cr.
            EBITDA: ₹ 6.15 Cr.
            PAT: ₹ 3.11 Cr.
  • EBITDA Margin: 28.68 %
            Pat Margin: 14.51 %
  • Net Worth: ₹ 14.41 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: 1.08 times
Nature of IPO : SME Upcoming
Exchange : BSE SME
IPO Type : Fixed Price

Apana Logistics IPO Financial Performance (Restated)

Financial results of Apana Logistics IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY25 FY24 FY23
Balance Sheet
Assets 29.42 25.56 15.06
Net Worth 14.41 11.87 8.87
Total Debt 8.00 9.26 1.77
Profit & Loss
Revenue
Revenue on annualised basis
21.44 20.09 27.14
EBITDA
EBITDA on annualised basis
6.15 4.63 3.10
PAT
PAT on annualised basis
3.11 3.00 1.30
Financials
FY25
FY24
FY23
Balance Sheet
Assets
29.42
25.56
15.06

Net Worth
14.41
11.87
8.87

Total Debt
8.00
9.26
1.77

Profit & Loss
Revenue
Revenue on annualised basis
21.44
21.44
20.09
27.14

EBITDA
EBITDA on annualised basis
6.15
6.15
4.63
3.10

PAT
PAT on annualised basis
3.11
3.11
3.00
1.30

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Apana Logistics IPO Key performance Indicators (KPI)

Apana Logistics IPO PAT Margin is 14.51 % , ROCE (Return on Capital Employed) is 26.57 % as per latest financial. The below table shows Apana Logistics IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY25 FY24 FY23
EBITDA Margin (%) 28.68 23.05 11.42
PAT Margin (%) 14.51 14.93 4.79
EPS (₹) 2.63 2.54 1.10
ROE (%) 21.58 25.27 14.66
ROCE (%) 26.57 29.00 20.09
ROA (%) 10.57 11.74 8.63
Debt to Equity 0.56 0.78 0.20
Particulars
FY25
FY24
FY23

EBITDA Margin (%)
28.68
23.05
11.42

PAT Margin (%)
14.51
14.93
4.79

EPS (₹)
2.63
2.54
1.10

ROE (%)
21.58
25.27
14.66

ROCE (%)
26.57
29.00
20.09

ROA (%)
10.57
11.74
8.63

Debt to Equity (x)  
0.56
0.78
0.20

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Apana Logistics IPO Valuation Metrics

The market Capitalisation of Apana Logistics IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (₹) :
12.19

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Apana Logistics prospectus?

The Apana Logistics IPO prospectus highlights an Return on Equity (ROE) of 21.58 % , Return on Assets (ROA) of 10.57 %, and an EBITDA Margin of 28.68 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Apana Logistics IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Apana Logistics IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Apana Logistics IPO ?

The post-IPO market capitalisation of Apana Logistics IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Apana Logistics IPO?

The Apana Logistics IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Apana Logistics IPO?

Apana Logistics IPO reported revenue of ₹ 21.44 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Apana Logistics IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Apana Logistics IPO?

Apana Logistics recorded an EBITDA of ₹ 6.15 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Apana Logistics IPO?

Apana Logistics Profit After Tax (PAT) is ₹ 3.11 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 21.44 Cr.
            EBITDA: ₹ 6.15 Cr.
            PAT: ₹ 3.11 Cr.
  • EBITDA Margin: 28.68 %
            Pat Margin: 14.51 %
  • Net Worth: ₹ 14.41 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Apana Logistics operates in Logistics and Providing Logistics Support For Handling And Transportation Of Containers. The Issue is listed on BSE SME in Oct, 2025. Apana Logistics IPO size was with Issue price of .

Apana Logistics IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Apana Logistics IPO listed at a listing price of against the offer price of .

The current market price of Apana Logistics is .

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