Neptune Logitek files DRHP for SME IPO
By Ankur Chandra | Updated at: May 31, 2025 10:45 PM IST
Neptune Logitek Limited has submitted its draft prospectus to the BSE SME platform, marking its intention to raise capital through an initial public offering (IPO). The offer includes up to 40,00,000 fresh equity shares with a face value of ₹10 each, without any Offer for Sale (OFS) shares.
This filing follows the company’s transition from a private to a public entity in November 2024. Previously known as Amardeep Logistics Private Limited, Neptune Logitek aims to get listed on the BSE SME exchange.
Neptune Logitek IPO Details
| Detail | Info |
|---|---|
| Issue Opens | [To be announced] |
| Issue Closes | [To be announced] |
| Issue Type | Fixed Price (Fresh Issue) |
| Price Band | ₹[●] per share |
| Issue Size | Up to 40,00,000 shares |
| Listing Platform | BSE SME |
| Lead Manager | Galactico Corporate Services |
| Registrar | Bigshare Services Pvt Ltd |
Neptune Logitek Company Overview
Founded in 2012, Neptune Logitek is a multimodal logistics provider offering freight forwarding, customs clearance, and transport solutions via air, rail, road, and coastal routes. It has 9 branches and a headquarters in Gandhidham, Gujarat. Promoters Ankit and Reema Shah hold 99.99% equity. The company issued 90 lakh bonus shares in October 2024, with no shares sold in the past year.
Neptune Logitek Financial Snapshot (₹ Crore)
| FY25 | FY24 | FY23 | |
|---|---|---|---|
| Revenue from Operations | ₹25.73 Cr | ₹17.49 Cr | ₹18.54 Cr |
| Profit After Tax | ₹9.15 Cr | ₹0.0036 Cr | ₹(0.17) Cr |
| EPS (₹) | 9.16 | 0.00 | (0.18) |
| Net Worth | ₹19.95 Cr | ₹10.79 Cr | ₹10.79 Cr |
| Total Borrowings | ₹57.99 Cr | ₹62.48 Cr | ₹38.19 Cr |
Use of Proceeds
₹33.94 crore will be used to purchase 60 commercial trucks and related equipment, ₹2 crore will be allocated to repay loans, and the remainder will support general corporate needs.
Risks and Litigation
The company has ongoing tax disputes amounting to ₹5.91 crore. It is fully dependent on Gujarat for revenue (100% in FY25), relies on third-party drivers, lacks a CHA license, and awaits certain regulatory approvals.
Next Steps
Neptune Logitek is awaiting final approvals from SEBI and BSE SME before announcing the IPO’s opening and closing dates, along with the price band. The company’s strong financial performance in FY25 and growth plans are expected to generate investor interest in this SME listing.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://www.bsesme.com/download/376502/SME_IPO InPrinciple/NeptuneLogitekLimitedDraftProspectus_20250528063714.pdf
