Repono IPO

About Repono IPO

Repono Limited IPO is an IPO of TBA. It consists of a fresh issue of up to 28,00,000* equity shares. The shares will be allotted on TBA. The credit of shares to the demat account will take place on TBA and the initiation of refunds will take place on TBA.

*Subject to finalization of the Basis of Allotment. The number of shares may need to be adjusted for the lot size upon determination of the Issue price.

Objective of Repono IPO

• Funding capital expenditure towards the purchase of a forklift, hand pallet trolley, and reach stacker.

• Funding of capital expenditure requirements of the company towards the set-up of a warehouse racking system.

• Funding towards the development of software for warehouse management.

• Funding the working capital requirements of the company.

• General corporate purpose.

Industry Outlook

The Indian logistics industry is growing due to a flourishing e-commerce market and technological advancement. The logistics sector in India is predicted to account for 14.4% of the GDP. The industry has progressed from a transportation and storage-focused activity to a specialised function that now encompasses end-to-end product planning and management, value-added services for last-mile delivery, predictive planning, and analytics, among other things. One of the key drivers of this expansion is projected to be the rise of India's logistics industry, which employs 2.2 crore people and serves as the backbone for various businesses. The logistics sector in India was valued at US$25,000 crore in 2021, with the market predicted to increase to an astounding US$38,000 crore by 2025, at a healthy 10%-12% year-on-year growth rate. Moreover, the government is planning to reduce the logistics and supply chain cost in India from 13-14% to 10% of the GDP as per industry standards.

A warehouse is an essential component of corporate infrastructure and one of the primary enablers in the global supply chain. The Indian warehousing market is predicted to reach US$3,499 crore (₹2,87,210 crore), expanding at a CAGR of 15.64% from 2022 to 2027. Modern warehouse facilities and technology-driven solutions have changed the warehousing sector in India in recent years. With increased demand and supply throughout the years, the Indian warehousing industry is gaining traction. The key players are third-party logistics (3PL) and e-commerce enterprises, which are expanding into tier 2 and 3 cities and gradually increasing their presence in secondary marketplaces. Businesses are transitioning to a hub-and-spoke model while also implementing technology to streamline operations, with an eye on the broader objectives of ease, efficiency, and sustainability.

The warehousing and logistics industry in India is a dynamic and rapidly growing sector that is expected to play an increasingly important role in the country's economy. Despite some challenges, they are well-positioned for long-term growth and present exciting opportunities for investors and businesses. With the government's focus on improving infrastructure and the rise of e-commerce, they are expected to be a key driver of economic growth in the country.

Company Information

Repono Limited is a company that specialises in offering warehousing and liquid terminal services to India's oil and petrochemical sector. They provide a 360-degree solution for the storage of critical petroleum products. They provide their clients consultancy, engineering, operation, and maintenance (O&M), and value-added logistics services. They serve some of the top oil and petrochemical companies in India. The company has been recognised as one of the leading service providers for the warehousing and oil- terminating sector in India. They provide regular consulting services to a large German petrochemical company, the world’s largest FFS machinery supplier. Repono is providing services across the oil value chain. They are doing O&M of a crude oil terminal facility for one of the government-owned enterprises engaged in the oil sector. They are also handling (b) petrol, diesel, ATF, and ethanol for one of the largest crude oil and natural gas producers. They also handle the very prestigious off-site terminal for a public sector enterprise. They are also into O&M of petrochemical warehousing, and their customers belong to the crude oil and natural gas industry, public sector enterprises, and others.

Risks of Repono IPO

• Their revenues are highly dependent on their operations in the geographical region of the state of Karnataka, Punjab and Gujarat. Any adverse development affecting their operations in this region could have an adverse impact on their business, financial condition, and results of operations.

• Their cargo handling business and their express logistics business require an efficient transportation network, and as such, any inadequacies in reliable transportation infrastructure may have an adverse effect on their business, results of operations, and financial condition.

• They depend on their third-party service providers and vendors/suppliers in certain aspects of their operations, and unsatisfactory services provided by them or failure to maintain relationships with them could disrupt their operations.

IPO Registrar and Book Running Lead Managers

Book running lead managers: Wealth Mine Networks Private Limited

Registrar for the IPO : Cameo Corporate Services Limited

Business Model

The company earns its revenue through the following sources:

Offering warehousing and liquid terminal services to India's oil and petrochemical sector.

Company Growth Trajectory

In FY 2024, revenue from operations increased by ₹2,09,920.25 or 161.31%, from ₹1,30,138.33 in FY 2023 to ₹3,40,058.58 in FY 2024. Other income increased by ₹1,268.37 or 1,588.93%, from ₹79.81 in FY 2023 to ₹1,348.18 in FY 2024. Profit after tax increased by ₹36,620.70 or 703.87%, from ₹5,200.93 in FY 2023 to ₹41,821.63 in FY 2024.

Company Market Position

Repono is amongst the few companies in India to provide services for both solid and liquid products in the oil and petrochemical sector in India/world. They are the only company in India to do O&M of FFS bagging lines. They have tied up with one of the top global polymer warehousing companies, M/s. Schmidt Logistics Consulting GmbH, Germany, for providing warehouse engineering and design services in India. They have partnered for selling FFS packing lines in India with the world's largest FFS bagging line manufacturers. They are the only Indian company to have a presence across the value chain.

How To Check Allotment Status of Repono IPO?

You can check the allotment status of shares either on the website of the Bomaby Stock Exchange (BSE) or on the website of the registrar Cameo Corporate Services Limited. To check the status on the BSE website:

• Visit the BSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt (Equity in this case)
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Repono Limited
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

• Visit the Cameo Corporate Services Limited website
• Choose “Public Issues” from the “Investor Services” drop-down
• Select Repono Limited from the drop-down
• Enter your PAN number or Application number
• Click on “Submit” to know the allotment status

How To Apply for Repono 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.