Apana Logistics SME IPO GMP Today and Subject 2 Price
Apana Logistics SME IPO Grey Market Premium (GMP) today stands at ₹ 0, indicating cautious or neutral market sentiment ahead of listing. The Kostak rate is currently not available, while the Subject to Sauda price is quoted at currently not available. You can check the day-wise GMP trend below to track price movement and investor sentiment over time.
Apana Logistics SME IPO is scheduled to open for subscription on September 7, 2026. The public issue aims to raise around ₹34.14 Cr. and is offered in a price band of ₹60 per share, with a market lot of 2000 shares. Investors are closely watching subscription data and grey market trends ahead of the listing.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Apana Logistics SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 07 Sep, 2026 |
| Close Date | 09 Sep, 2026 |
| Allotment Date | 10 Sep, 2026 |
| Refund Date | 11 Sep, 2026 |
| Credit to Demat | 11 Sep, 2026 |
| Listing Date | 15 Sep, 2026 |
Apana Logistics SME IPO Expected Listing Price
| Basis | Value |
|---|---|
| Issue Price (Upper Band) | ₹60 |
| Current GMP | ₹ 0 |
| GMP-Based Listing Estimate | Not yet available |
| Listing Date | 15 Sep, 2026 |
Disclaimer: The listing price estimate above is based purely on the current grey market premium (GMP) and is not a guaranteed prediction. GMP is an unofficial, unregulated indicator and can change significantly in the 24–48 hours before listing. Do not make investment decisions based solely on GMP.
Is Apana Logistics SME IPO GMP Reliable?
Grey market premium for Apana Logistics SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Apana Logistics SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Apana Logistics SME IPO IPO Kostak Rate Explained
The Kostak rate for Apana Logistics SME IPO is currently not active. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price has not been quoted yet. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Apana Logistics SME IPO
Its services cover container handling at container freight stations, known as CFS, at inland container depots, known as ICD, and at ports. It also does road transportation, handles cargo at warehouses owned by other parties, and carries out repair, operation and maintenance of truck-trailers.
Its customers are among the leading CFS, ICD and port operators in India, and the company positions itself on giving cost effective and time effective solutions. As on 31 August 2025 it owned and maintained a fleet of 33 truck-trailers and 5 reach stackers, which are the heavy machines used to lift and stack containers. It serves more than 10 customers and has long standing relationships with them, with two of its top five customers associated with it for over 10 years. As on 31 August 2025 it had 85 permanent employees.
Strengths & Risks
Strengths
- ✓ Profit has grown, from Rs 1.30 crore in FY2023 to Rs 3.00 crore in FY2024 and Rs 3.17 crore in FY2025.
- ✓ EBITDA has doubled over the same period, from Rs 3.10 crore in FY2023 to Rs 6.15 crore in FY2025.
- ✓ Return ratios are good, with RoCE of 26.57% and RoNW of 23.64%, and a PAT margin of 14.49%.
- ✓ The company has a long record, having been in this business since 1992.
- ✓ Customer relationships are long standing. Two of its top five customers have been with it for more than 10 years.
- ✓ It owns its equipment rather than hiring it, with a fleet of 33 truck-trailers and 5 reach stackers as on 31 August 2025.
- ✓ Rs 25 crore of the Rs 34.14 crore issue goes into buying reach stackers, which directly adds earning capacity.
- ✓ Borrowing came down from Rs 9.26 crore in FY2024 to Rs 8.00 crore in FY2025 while net worth rose to Rs 14.41 crore.
Risks
- ⚠ Sales have not recovered to their earlier level. Total income was Rs 27.28 crore in FY2023, fell to Rs 20.33 crore in FY2024 and was Rs 21.61 crore in FY2025, so it is still well below where it was two years earlier.
- ⚠ The financial data is old for an issue opening in September 2026. The latest year given is FY2025, ending 31 March 2025.
- ⚠ The promoter names are not stated in the data available to us, and the category wise reservation for the issue is also not available, so both need to be read from the RHP.
- ⚠ The customer base is very small at more than 10 customers, so losing even one large CFS or port operator would be felt immediately.
- ⚠ This is a capital heavy business. Reach stackers and truck-trailers are costly, wear out and need replacing, so spending does not stop after this issue.
- ⚠ Container volumes depend on export and import trade. A slowdown in EXIM cargo directly reduces handling and transport work.
- ⚠ Borrowing of Rs 8.00 crore is high against a net worth of Rs 14.41 crore.
- ⚠ This is a fixed price issue at Rs 60 per share, so there is no price discovery through bidding.
- ⚠ Promoter holding will come down from 100% to 67.5% after the issue.
- ⚠ This is an SME issue. One lot is 2,000 shares, which is Rs 1.20 lakh at the issue price, and SME shares usually trade in low volume after listing.
Frequently Asked Questions about Apana Logistics SME IPO
What is the GMP of Apana Logistics SME IPO?
The current Grey Market Premium (GMP) of Apana Logistics SME IPO is not yet started or active in the market.
What is the Kostak Price of Apana Logistics SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Apana Logistics SME IPO is currently not available.
What is the Subject to Sauda Price of Apana Logistics SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What is the expected listing price of Apana Logistics SME IPO based on GMP?
The listing price estimate is not yet available as GMP has not been established for Apana Logistics SME IPO. Check back closer to the subscription date.
Is the GMP of Apana Logistics SME IPO increasing or decreasing?
The GMP of Apana Logistics SME IPO is currently stable. Track the day-wise GMP table above for the latest movement.
Explore Apana Logistics SME IPO Further
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