Neptune Logitek IPO Opens Today; Price Band Set at ₹126 Per Share

Mumbai, 15 December 2025: Neptune Logitek IPO opened for public subscription status today, with the integrated logistics services provider seeking to raise ₹46.62 crore through a fixed-price public issue. The IPO, priced at ₹126 per equity share, is scheduled to close on Wednesday, 17 December 2025, with a proposed listing on the BSE SME platform on 22 December 2025, subject to completion of the allotment process.

The issue consists entirely of a fresh issuance of equity shares, with no offer for sale component included.

Neptune Logitek Ltd. operates as an integrated logistics services provider in India, offering freight forwarding, customs clearance, air freight transportation, road and rail logistics, and multimodal coastal forwarding. As of 31 March 2025, the company operated a fleet of 199 vehicles and maintained nine branch offices across the country. It also operates a captive fuel facility with a storage capacity of 60 kilolitres.

Neptune Logitek ₹46.62 Crore Fresh Issue of 37 Lakh Shares; No Offer For Sale 

The Neptune Logitek IPO comprises a fresh issue of 37,00,000 equity shares, aggregating to ₹46.62 crore at the fixed issue price. There is no sale of shares by existing shareholders as part of the offering.

Each equity share carries a face value of ₹10, and the issue price of ₹126 per share places the company’s pre IPO market capitalisation at ₹172.62 crore, based on the disclosed equity base prior to the issue.

Neptune Logitek Retail Application Size Fixed at ₹2.52 Lakh; Lot Size 1,000 Shares

The IPO has been structured with a lot size of 1,000 shares. Retail individual investors are required to apply for a minimum of two lots, amounting to 2,000 shares, with a corresponding application value of ₹2.52 lakh. Retail investors are not permitted to apply for more than the minimum prescribed quantity.

Non-institutional investors are required to apply for a minimum of three lots, or 3,000 shares, involving an application amount of ₹3.78 lakh, in accordance with SME platform norms.

Neptune Logitek 47.5% Allocation Each for Retail and NII As 5% Reserved for Market Maker

Out of the total 37,00,000 shares on offer, 1,85,000 shares, representing 5% of the issue, have been reserved for the market maker, Asnani Stock Broker Pvt. Ltd. The remaining 35,15,000 shares, aggregating to ₹44.29 crore, form the net offer to the public.

The net public issue has been equally allocated between investor categories, with 17,57,500 shares (47.5%) reserved for retail individual investors and 17,57,500 shares (47.5%) allocated to non-institutional investors.

Neptune Logitek Revenue Rises 48% Year-On-Year as FY25 Records ₹9.16 Crore Profit After Tax

For the financial year ended 31 March 2025, Neptune Logitek reported total income of ₹260.74 crore, compared with ₹175.76 crore in the previous financial year, reflecting a 48% year-on-year increase. Profit after tax for FY25 stood at ₹9.16 crore, compared with a break-even level in FY24.

For the period ended 31 August 2025, the company reported total income of ₹105.52 crore and profit after tax of ₹4.02 crore. EBITDA for FY25 was reported at ₹21.38 crore, compared with ₹9.74 crore in FY24, while total assets stood at ₹119.25 crore as of March 31, 2025.

Neptune Logitek ROCE At 21.25% and Debt-Equity Ratio at 2.91 as of March 2025

As of 31 March 2025, Neptune Logitek reported a return on capital employed of 21.25% and a return on equity of 14.89%. The company’s debt-to-equity ratio stood at 2.91, with total borrowings of ₹58 crore. Net worth was reported at ₹19.95 crore, compared with ₹10.79 crore in FY24.

EBITDA margin for FY25 stood at 8.31%, while the profit after tax margin was 3.56%. The price to book value based on the issue price was disclosed at 6.32 times.

Neptune Logitek Promoter Holding Reduces to 72.99% Post-Issue Following Equity Dilution

The company is promoted by Mr. Ankit Devidas Shah and Mrs. Reema Ankit Shah. Promoter shareholding is expected to reduce from 99.99% prior to the issue to 72.99% post-issue, following the issuance of new equity shares.

Based on disclosed earnings, the issue implies a pre-issue price-to-earnings ratio of 13.76x and a post-issue price to earnings ratio of 17.9x.

Neptune Logitek IPO has commenced as a fixed-price SME issue with a defined timeline, allocation structure, and full fresh equity issuance. The offer documents outline pricing, financial disclosures, promoter holdings, and operational details of the IPO77

Source:https://www.bsesme.com/download/376502/SME_IPO%20InPrinciple/NeptuneLogitekLimitedDraftProspectus_20250528063714.pdf

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