Apana Logistics came to market through an SME IPO that opened on 7 September 2026 and closed on 9 September 2026, and the shares listed on 15 September 2026 on BSE SME. The price band was ₹60 per share and one lot was 2000 shares, so the minimum application was ₹1,20,000. The issue size was ₹34.14 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹60, flat against the issue price of ₹60. Kfin Technologies Ltd was the registrar to the issue, and Corporate Makers Capital Ltd was the lead manager.
As of 9 September 2026.
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Overall the issue was subscribed 1.31 times.
Incorporated in the year 1992, Apana Logistics Ltd. operates in the industry where it provides complete logistics facilities for container handling and transport.The Company provides diversified services which include container handling at CFS/ICD/ports, road transport, cargo handling in third party warehouses, repair & operation and maintenance of truck trailers (TT).
The Company provides services to some of the best leading operators of CFS/ICD/ports in India and is focused on offering cost and time effective solutions to its clients.As per August 31, 2025, the fleet size of the Company was thirty three (33) truck trailers and five (5) reach stackers.
More than 10 are the customers of Apana Logistics, with long and established business relationship which includes two out of five major customers who have been with the Company for more than 10 years. As per August 31, 2025, the Company had 85 permanent employees.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Pratyaksh Sureka. Promoter holding 100% before the issue and 67.50% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Apana Logistics IPO was a ₹34.14 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹60 per share with a lot size of 2,000 shares; the minimum retail application was 4,000 shares (₹2,40,000). The IPO was open from September 7 to September 9, 2026 and was subscribed 1.31x. Shares listed on BSE SME on September 15, 2026 at ₹60, in line with the issue price of ₹60. Kfin Technologies Ltd. is the registrar.
Corporate Makers Capital Ltd. is the book running lead manager.
The issue price of Apana Logistics IPO is ₹60 per share (fixed price).
The lot size of Apana Logistics IPO is 2000 shares.
The minimum investment for Apana Logistics IPO is approximately ₹2,40,000 based on the issue price.
The allotment date of Apana Logistics IPO is Sep 10, 2026.
You can check Apana Logistics IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Apana Logistics IPO allotment status on Rupix for quick and easy access.
₹60 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,20,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,20,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 7 September 2026 and closed on 9 September 2026.
The basis of allotment was published on 10 September 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 15 September 2026 on BSE SME, opening at ₹60.
The issue size was ₹34.14 crore. The fresh issue was 56,90,000 shares (aggregating up to ₹34.14 crore).
It listed at ₹60 against an issue price of ₹60, a gain of 0 percent on listing day.