Neptune Logitek IPO Details
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Schedule of Neptune Logitek IPO
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End date
Allotment of bids
Refund Initiation
Listing on exchange
About Neptune Logitek IPO
The offer consists of a fresh issue component. The fresh issue will include up to 40,00,000 equity shares of face value of ₹10/- each. The total number of shares and aggregate amount are yet to be finalised. The price band is TBA. The lot size is TBA.
The IPO opening date is TBA. The closing date is TBA. The listing date is TBA. The allotment date is TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA.
Neptune Logitek Private Limited (NLPL), established in 2012, is a logistics and supply chain services provider based in Gandhidham, Gujarat, India. The company offers a range of transportation and logistics services that include road, sea, air, and rail freight. Its operations are designed to support the movement of goods for various industry sectors through integrated and structured logistics planning. NLPL operates with a focus on flexibility and customisation, aligning its services with the operational requirements of different clients. The company manages a fleet of over 190 trailers across locations such as Gujarat, Chennai, and Tuticorin, enabling the movement of goods across key routes.
Objectives of Neptune Logitek IPO
- Funding capital expenditure requirements of the company towards purchase of trucks (“Vehicles”) and ancillary equipment (“Equipment”).
- Funding towards repayment of loan.
- Funding expenditure for general corporate purposes.
Neptune Logitek IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band | TBA |
Fresh Issue | Up to 40,00,000 Equity Shares of face value of ₹10/- each |
Offer for Sale | - |
EPS (in ₹) for FY25 | 9.16 |
Industry Outlook
India’s logistics industry is poised for significant growth over the coming years, driven by rapid industrial expansion, infrastructure development, policy reforms, and the booming e-commerce sector. The market, valued at USD 35,400 crores in FY 2024, is projected to reach approximately USD 45,000 crores by FY 2027, reflecting a robust compound annual growth rate (CAGR) of 8.3%. This growth trajectory underscores the sector’s rising importance in facilitating domestic and international trade, while ongoing skill development initiatives and government support continue to enhance operational efficiency and workforce capabilities.
In recent years, the logistics sector has witnessed significant transformation, driven by favourable policy changes and strategic government initiatives. The easing of Foreign Direct Investment (FDI) norms has opened up the sector to international players, bringing in advanced technologies, better practices, and increased competition. Furthermore, the proposed implementation of the Goods and Services Tax (GST) has the potential to create a unified national market, eliminating the complexities of inter-state taxation and enhancing the efficiency of logistics operations. Additionally, India has been making notable improvements in its global logistics performance. According to the World Bank’s Logistics Performance Index, India ranked 38th in 2023-2024, signalling enhanced logistics capabilities, improved infrastructure, and better regulatory environments.
Company Information
Neptune Logitek Limited, with over 13 (thirteen) years of operational experience since inception, provides differentiated logistics solutions with their: (a) pan-India presence, (b) integrated service offerings, (c) focus on improving service through door-to-door services, and (d) large network of vehicle fleet.
Being an integrated logistics company in India, the company primarily operates in the following segments: (i) Freight Forwarding and Customs Clearance including Import and Export; (ii) Air Freight Transportation (including Import and Export and Courier Services); (iii) Door-to-Door Multimodal Coastal Forwarding; (iv) Road Transportation; and (v) Rail Transportation. They have a pan-India presence through a network of head office and 9 (nine) branch offices, strategically located to support their operations. Out of these, one branch is specifically dedicated to the repair and maintenance of their trucks and fleet, which enables them to ensure vehicle readiness, reduce downtime, and maintain service quality across their logistics chain.
They operate on an asset-based business model, which allows them to deliver high-quality services to their customers. The essential assets, including commercial vehicles, are either owned by them or provided through a network of business partners on a lease basis. As a result, they maintain their own fleet of vehicles while also collaborating with their business partners to hire additional vehicles as needed to support their logistics operations. They also operate a captive petrol pump with storage capacity of 60 kilolitres, for which they hold a valid Class B licence from the Petroleum and Explosives Safety Organisation (PESO). This in-house facility helps them better manage fuel usage and optimise operational costs.
Strengths of Neptune Logitek IPO
- Fuelling success with an asset-driven business model.
- Optimal utilisation of resources across all areas of its operations.
- Long-standing relationships with their clients.
- Seamless integration of technology for enhanced efficiency.
- In-house maintenance and direct procurement.
Risks of Neptune Logitek IPO
- Inadequacies in reliable transportation infrastructure.
- Increase in the age of their vehicles and an increase in the prices of vehicles.
- Any adverse development affecting the growth of trade volumes and freight rates.
- Dependence on the performance of industries in which their customers operate, particularly mining, agriculture, ceramic & pottery, wood & plywood industry, etc.
- Dependence on third-party service providers and vendors/suppliers.
Neptune Logitek IPO Financials
Peer Comparison
| Company Name | Revenue from Operations (₹ Cr) | P/E Ratio | EPS (Basic) (₹) | NAV per share (₹) |
|---|---|---|---|---|
Neptune Logitek Limited | 257.25 | -- | 9.16 | 19.95 |
S J Logistics (India) Limited | 148.71 | 62.33 | 8.92 | 64.11 |
Tejas Cargo India Limited | 419.32 | 22.25 | 22.25 | 31.85 |
Tiger Logistics (India) Limited | 240.25 | 4.45 | 4.45 | 10.48 |
Source: all the financial information for listed industry peers mentioned above is sourced from the financial results of the aforesaid companies for the year ended March 31, 2024 and Stock Exchange data dated March 31, 2024 to May 23 ,2025 compute the corresponding financial ratios. Further, P/E ratio is based on the current market price of the respective scrips.
Anchor Investor Bidding Date: TBA
Registrar: Bigshare Services Private Limited
Book Running Lead Managers: Galactico Corporate Services Limited
Neptune Logitek Business Model
The company earns its revenue through the following:
- Freight Forwarding and Customs Clearance including Import and Export
- Air Freight Transportation (including Import and Export and Courier Services)
- Door-to-Door Multimodal Coastal Forwarding
- Road Transportation
- Rail Transportation
Neptune Logitek Company Growth Trajectory
The company's total income for the financial year 2024-25 stood at ₹260.74 crore whereas in financial year 2023-24, the same stood at ₹175.76 crore, representing an increase of 48.36%.
During the financial year 2024-25, their net revenue from operations increased to ₹252.89 crore as against ₹174.92 crore in the financial year 2023-24, representing an increase of 44.58%. The main contribution was due to an increase in forwarding income. During the financial year 2024-25, their other income increased to ₹2.48 crore as against ₹0.84 crore in the financial year 2023-24, representing an increase of 194.38%. Such an increase was primarily due to the profit on the sale of fixed assets.
They reported a restated Profit After Tax (PAT) for the financial year 2024-25 of ₹9.16 crore in comparison to ₹0.0036 crore in the financial year 2023-24.
Neptune Logitek Profit and Loss
| Parameter | FY 25 | FY 24 | FY 23 |
|---|---|---|---|
Total Income (in ₹ crores) | 260.74 | 175.76 | 187.71 |
Profit Before Tax (in ₹ crores) | 12.32 | 0.29 | 0.50 |
Profit After Tax (in ₹ crores) | 9.15 | 0.00 | -0.17 |
EPS (Basic) ₹ | 9.16 | 0 | -0.18 |
EBITDA (in ₹ crores ) | 21.38 | 9.74 | 5.55 |
Neptune Logitek Balance Sheet
| Parameter | FY 25 | FY 24 | FY 23 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 12.32 | 0.29 | 0.50 |
Net Cash from Operating Activities (₹ crores) | 11.69 | -1.39 | -3.89 |
Net Cash from Investing Activities (₹ crores) | -2.72 | -17.71 | -12.75 |
Net Cash from Financing Activities (₹ crores) | -10.08 | 20.41 | 16.65 |
Net Cash & Cash Equivalents (₹ crores) | 0.28 | 1.40 | 0.10 |
How to check allotment status of Neptune Logitek IPO?
Visit the Registrar's Website
To check the IPO allotment status for Neptune Logitek Limited IPO, visit the official website of Bigshare Services Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.
Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps
- Select 'Equity' from the dropdown menu
- Choose 'Neptune Logitek Limited' in the next dropdown
- Enter your application number
- Enter your PAN
- Click 'Search' Your Neptune Logitek Limited IPO allotment status will be displayed.
Verify on the National Stock Exchange Website
The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Neptune Logitek Limited IPO allotment status.
Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'. On the NSE IPO Bid Verification page, enter:
- Application number
- PAN Then click 'Submit'. Your Neptune Logitek Limited IPO bid and allotment details will be displayed.
How to apply for Neptune Logitek IPO?
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Neptune Logitek IPO FAQs
Where can I read more about Neptune Logitek business?
You can read more about Neptune Logitek and its IPO from the company’s red herring prospectus (RHP) here.
What is the Neptune Logitek IPO?
Neptune Logitek Limited's IPO consists of a fresh issue of up to 40,00,000 equity shares of face value of ₹10/- each. The total offer size is up to 40,00,000 equity shares of face value of ₹10/- each as well.
Is Neptune Logitek IPO coming?
Yes, Neptune Logitek Limited is expected to come up with its IPO soon.
Who is the Chairman of Neptune Logitek IPO?
Ankit Devidas Shah is the Chairman of Neptune Logitek Limited.
What is the lot size of shares of Neptune Logitek IPO?
The company hasn’t given any information on the lot size yet.
