Neptune Logitek IPO
Neptune Logitek Ltd. is launching a fixed-price SME IPO of Rs. 46.62 crore, comprising an entirely fresh issue of 37,00,000 equity shares.
The IPO opens on December 15, 2025, and closes on December 17, 2025. The allotment is expected on December 18, 2025, and the listing is tentatively scheduled for December 22, 2025 on BSE SME.
The issue price is Rs. 126 per share, and the lot size is 1,000 shares.
The minimum investment for retail investors is Rs. 2,52,000 (2,000 shares), and for HNI investors, Rs. 3,78,000 (3,000 shares).
Lead Manager: Galactico Corporate Services Ltd.
Registrar: Bigshare Services Pvt. Ltd.
Market Maker: Asnani Stock Broker Pvt. Ltd.
🕗 Last Update: 5 December 2025, 6.00 AM
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IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | December 15, 2025 |
| IPO Close Date | December 17, 2025 |
| Allotment Date | December 18, 2025 |
| Refunds Initiation | December 19, 2025 |
| Credit to Demat | December 19, 2025 |
| Listing Date | December 22, 2025 |
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price | Rs. 126 per share |
| Lot Size | 1,000 shares |
| Sale Type | Fresh Issue |
| Total Issue Size | 37,00,000 shares (Rs. 46.62 Cr) |
| Market Maker Portion | 1,85,000 shares (Rs. 2.33 Cr) – Asnani Stock Broker Pvt. Ltd. |
| Net Offer to Public | 35,15,000 shares (Rs. 44.29 Cr) |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 1,00,00,000 shares |
| Shareholding Post-Issue | 1,37,00,000 shares |
Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 1,85,000 | 5.00% |
| NII (HNI) | 17,57,500 | 47.50% |
| Retail Investors | 17,57,500 | 47.50% |
| Total | 37,00,000 | 100.00% |
Application Details
| Application | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min / Max) | 2 | 2,000 | Rs. 2,52,000 |
| HNI (Min) | 3 | 3,000 | Rs. 3,78,000 |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Pre-Issue | 99.99% |
| Post-Issue | 72.99% |
Promoters: Mr. Ankit Devidas Shah and Mrs. Reema Ankit Shah
About Neptune Logitek Ltd.
Neptune Logitek is an integrated logistics solutions provider offering:
-
Freight forwarding & customs clearance
-
Air freight transportation
-
Door-to-door multimodal coastal forwarding
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Road & rail transportation
-
GPS-enabled fleet management and real-time tracking
As of March 31, 2025, the company operates 199 fleets, 9 branch offices, and a 60 KL petrol pump for captive use.
Competitive Strengths
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Integrated logistics service portfolio
-
Strong management team
-
Asset-driven business model
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Advanced technology integration
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In-house maintenance & direct procurement
Financial Snapshot (Rs. crore)
| Period Ended | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 122.94 | 119.25 | 95.24 | 74.51 |
| Total Income | 105.52 | 260.74 | 175.76 | 187.71 |
| PAT | 4.02 | 9.16 | 0.00 | -0.18 |
| EBITDA | 9.26 | 21.38 | 9.74 | 5.55 |
| Net Worth | 23.97 | 19.95 | 10.79 | 10.79 |
| Borrowings | 56.40 | 58.00 | 62.48 | 38.20 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 14.89% |
| ROCE | 21.25% |
| Debt/Equity | 2.91 |
| RoNW | 45.89% |
| PAT Margin | 3.56% |
| EBITDA Margin | 8.31% |
| Market Cap | Rs. 172.62 Cr |
Pre-Issue EPS: 9.16
Post-Issue EPS: 7.04
Post-Issue P/E: 17.9x
Objects of the Issue
| S.No. | Purpose | Amount (Rs. Cr.) |
|---|---|---|
| 1 | Purchase of trucks & equipment | 33.94 |
| 2 | Loan repayment | 2.00 |
| 3 | General corporate purposes | 6.03 |
Company Contact
Neptune Logitek Ltd.
BBZ-N-62/A, Ward 12/A, Gandhidham, Kachchh – 370201, Gujarat
📞 +91 9737658111
✉ cs@neptunelogitek.com
🌐 www.neptunelogitek.com
Lead Manager
Galactico Corporate Services Ltd.
Registrar
Bigshare Services Pvt. Ltd.
📞 +91-22-6263 8200
🌐 https://ipo.bigshareonline.com
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
Neptune Logitek has shown solid revenue growth (48% YoY) with improving profitability. The company operates in a high-demand logistics segment supported by technology-enabled operations and expanding fleet.
Margins are moderate, leverage is high, but the fresh funds directed into fleet expansion strengthen operational readiness.
Chanakya View: Suitable for medium-term investors. Listing gains possible depending on market momentum.
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
