The Initial Public Offering (IPO) market continues to buzz with activity, and the spotlight is now turning towards the SME segment with the upcoming launch from Neptune Logitek Limited. As an integrated logistics solution provider, this company offers a glimpse into the efficiency-driven backbone of India's supply chain. Before you consider putting in an application, a thorough understanding of the financials, objectives, and market positioning is crucial. Let's unpack everything you need to know about the Neptune Logitek IPO.
Company Profile: Navigating the Logistics Landscape
Neptune Logitek is positioning itself as a modern, technology-backed logistics partner in India. They cater to a diverse range of transportation needs, ensuring end-to-end service delivery for their clientele.
Core Logistics Services Offered:
- Freight Forwarding and Efficient Custom Clearance procedures.
- Comprehensive Air Freight Transportation solutions.
- Door-to-Door Multimodal Coastal Forwarding services.
- Extensive Road and Rail Transportation networks.
Technological Edge and Infrastructure:
The company leverages modern technological integration to enhance operational efficiency. Key features include:
- GPS-enabled fleet management systems.
- Real-time vehicle tracking capabilities.
- Advanced auto-on/off engine monitoring and control features.
- In-house maintenance facilities and direct procurement avenues.
- Operation of a captive petrol pump with a 60 kilolitre storage capacity.
Neptune Logitek IPO Key Subscription Snapshot
This is a Fixed Price Issue scheduled to list on the BSE SME platform. Here are the vital details for prospective investors:
| Detail | Specification |
|---|---|
| Issue Type | Fixed Price IPO (Fresh Issue) |
| Total Issue Size (Shares) | 37,00,000 Equity Shares |
| Total Issue Value | ₹ 46.62 Crores |
| Issue Price Per Share | ₹ 126.00 |
| Face Value | ₹ 10.00 |
| Listing Exchange | BSE SME |
| Pre-IPO Market Cap | ₹ 172.62 Crore |
Investment Thresholds: Lot Size and Minimum Investment
Understanding the minimum application size is key for retail participants:
| Category | Minimum Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Min) | 2 | 2,000 | 2,52,000.00 |
| HNI Investor (Min) | 3 | 3,000 | 3,78,000.00 |
IPO Timeline: Key Dates to Remember
The subscription window is short, making adherence to the timeline critical.
Subscription Progress (Illustrative for visual placement - Assume subscription is open):
| Event | Tentative Date |
|---|---|
| IPO Open Date | Monday, December 15, 2025 |
| IPO Close Date | Wednesday, December 17, 2025 |
| Allotment Finalization | Thursday, December 18, 2025 |
| Share Credit to Demat | Friday, December 19, 2025 |
| Tentative Listing Date (BSE SME) | Monday, December 22, 2025 |
Allocation Structure and Investor Categories
The total issue of 37,00,000 shares is distributed across different investor pools:
| Investor Category | Shares Offered | Percentage (%) |
|---|---|---|
| Market Maker Reservation | 1,85,000 | 5.00% |
| Non-Institutional Investors (NII) | 17,57,500 | 47.50% |
| Retail Individual Investors (RII) | 17,57,500 | 47.50% |
| Total Shares | 37,00,000 | 100.00% |
Financial Health Check: Performance Highlights
Analyzing the restated financial data gives insight into the company's recent trajectory. A notable point is the substantial increase in Profit After Tax (PAT) between FY24 and FY25.
Revenue and Profit Growth Summary (FY23 to Aug 2025):
| Metric (₹ Crore) | Mar 2023 | Mar 2024 | Mar 2025 | Aug 2025 (Interim) |
|---|---|---|---|---|
| Total Income | 187.71 | 175.76 | 260.74 | 105.52 |
| Profit After Tax (PAT) | -0.18 | 0.00 | 9.16 | 4.02 |
Key Financial Ratios (As of March 31, 2025):
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 14.89% |
| Return on Capital Employed (ROCE) | 21.25% |
| Debt to Equity Ratio | 2.91 |
Valuation Metrics and Promoter Structure
The P/E ratio reflects the market's current pricing relative to earnings. Note the change in Earnings Per Share (EPS) post-listing.
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS (₹) | 9.16 | 7.04 |
| P/E Ratio (x) | 13.76 | 17.90 |
| Promoter Holding (%) | 99.99% | 72.99% |
Promoters & Ownership Change:
- The company is steered by promoters **Mr. Ankit Devidas Shah and Mrs. Reema Ankit Shah**.
- The IPO represents a dilution of promoter holding to facilitate public participation and fund growth initiatives.
Purpose of Funds: Where Will the Capital Flow?
The raised capital is primarily earmarked for capacity expansion and financial strengthening:
| Objective | Allocated Amount (₹ in Crores) |
|---|---|
| Funding capital expenditure for Purchase of trucks & ancillary equipment | 33.94 |
| Funding towards Repayment of Existing Loan | 2.00 |
| Funding for General Corporate Purposes | 6.03 |
Evaluating Strengths, Weaknesses, Opportunities, and Threats (SWOT Analysis)
A balanced view requires assessing internal capabilities against external market factors.
| Strengths | Weaknesses | Opportunities | Threats |
|---|---|---|---|
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Key Intermediaries for the Issue
Smooth execution of the IPO relies on capable partners:
Registrar and Lead Manager:
| Role | Entity | Contact Insight |
|---|---|---|
| Book Running Lead Manager (BRLM) | Galactico Corporate Services Ltd. | Oversees the IPO process management. |
| Registrar to the Issue | Bigshare Services Pvt.Ltd. | Handles allotment status and investor correspondence. |
| Market Maker | Asnani Stock Broker Pvt.Ltd. | Responsible for maintaining post-listing liquidity. |
How to Participate in the IPO:
Investors generally apply using either the UPI mandate route (through broker portals like Zerodha, Upstox) or the ASBA facility provided by their bank's net banking portal.
- **ASBA:** Blocked funds are held by your bank until allotment.
- **UPI:** Mandates must be approved promptly before the cut-off time (5 PM on Dec 17, 2025).
Final Thoughts on Neptune Logitek SME IPO
The Neptune Logitek IPO presents an opportunity to invest in a company aiming to modernize India's logistics backbone. The financial performance, particularly the sharp PAT growth, combined with a focused use of proceeds towards fleet augmentation, suggests a growth-oriented strategy. However, participation in SME IPOs, especially given the relatively high minimum investment threshold for retail investors, requires careful consideration of the inherent risks associated with smaller listed entities, including lower liquidity compared to mainboard stocks.