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Neptune Logitek IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Neptune Logitek Limited is an integrated logistics solutions provider with over 13 years of operating experience. The company offers end-to-end logistics services across air, road, rail, and coastal transportation. It earns revenue through freight forwarding, customs clearance, courier services, multimodal transportation, and technology-driven supply chain solutions, serving customers across India through its head office and branch network.
Neptune Logitek, an Book Built Issue, amounting to ₹46.62 Crore,consisting entirely an fresh issue of 0.37 crore shares of ₹46.62 Crore.The subscription period for the Neptune Logitek IPO opens on December 15, 2025, and closes on December 17, 2025. The allotment is expected to be finalized on or about Thursday, December 18, 2025., and the shares will be listed on the BSE SME with a tentative listing date set on or about Monday, December 22, 2025.
The Share Price Band of Neptune Logitek IPO is set at ₹126 per share per equity share. The Market Capitalisation of the Neptune Logitek at IPO price of ₹126 per equity share will be ₹172.62 Cr. Crores. The lot size of the IPO is 1000 shares. Retail investors are required to invest a minimum of ₹
252,000, 2 lots ( 2000 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
3 lots (
3000 shares), amounting to ₹
378,000.
GALACTICO CORPORATE SERVICES LIMITED are the book running lead manager of the Neptune Logitek Ltd. while BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the issue. The Market Maker of the company is Asnani Stock Broker Pvt.Ltd.
Neptune Logitek Limited IPO GMP Today
The Grey Market Premium of Neptune Logitek IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Neptune Logitek Limited IPO Live Subscription Status Today: Real-Time Updat
As of 06:30 PM on 17 December, 2025, the Neptune Logitek IPO live subscription status shows that the IPO subscribed 1.58 times on its Final Day of subscription period. Check the Neptune Logitek IPO Live Subscription Status Today at BSE.
Neptune Logitek Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Neptune Logitek IPO allotment date is 18 December 2025,Thursday, Neptune Logitek IPO Allotment will be out on 18 December 2025,Thursday.and will be live on Registrar Website from the allotment date.
Check BIGSHARE SERVICES PRIVATE LIMITED IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Neptune Logitek IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Neptune Logitek Limited IPO
Neptune Logitek to utilise the Net Proceeds towards the following objects:
1. ₹3394.15 Lakh is required for Funding capital expenditure requirement of our company towards Purchase of trucks (“Vehicles”) and ancillary equipment
2. ₹200.00 Lakh is required for For repayment of loan
3. ₹602.96 Lakh is required for General corporate purposes
Refer to Neptune Logitek Limited RHP for more details about the Company.
Neptune Logitek Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| December 10, 2025 | N/A | N/A | ₹0(0.0%) | 10 December 2025; 06:44 PM |
| December 10, 2025 | N/A | N/A | ₹0(0.0%) | 13 December 2025; 12:10 PM |
| December 10, 2025 | N/A | N/A | ₹0(0.0%) | 15 December 2025; 02:40 PM |
| December 10, 2025 | N/A | N/A | ₹0(0.0%) | 15 December 2025; 05:38 PM |
| December 10, 2025 | N/A | N/A | ₹0(0.0%) | 17 December 2025; 10:30 AM |
| December 10, 2025 | N/A | N/A | ₹0(0.0%) | 18 December 2025; 11:05 AM |
| December 10, 2025 | N/A | N/A | ₹0(0.0%) | 22 December 2025; 10:59 AM |
Neptune Logitek IPO Details
| Market Capitalization | ₹172.62 Cr. |
| IPO Date | December 15, 2025 to December 17, 2025 |
| Listing Date | December 22, 2025 |
| Face Value | ₹10 Per Share |
| Price Band | ₹126 per share |
| Issue Price | ₹126 per share |
| Employee Discount | NA |
| Lot Size | 1000 Equity Shares |
| Total Issue Size | 37,00,000 Equity Shares (aggregating to ₹46.62 Cr) |
| Fresh Issue | 37,00,000 Equity Shares (aggregating to ₹46.62 Cr) |
| Offer for Sale | NA |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Share holding pre issue | 1,00,00,000 |
| Share holding post issue | 1,37,00,000 |
| Rating | Avoid |
Neptune Logitek IPO Anchor Investors Details
| Bid Date | N/A |
| Shares Offered | N/A |
| Anchor Portion Size (In Cr.) | N/A |
| Anchor lock-in period end date for 50% shares (30 Days) | N/A |
| Anchor lock-in period end date for remaining shares (90 Days) | N/A |
Neptune Logitek IPO Timeline (Tentative Schedule)
| IPO Open Date | Mon, Dec 15, 2025 |
| IPO Close Date | Wed, Dec 17, 2025 |
| Basis of Allotment | Thu, Dec 18, 2025 |
| Initiation of Refunds | Fri, Dec 19, 2025 |
| Credit of Shares to Demat | Fri, Dec 19, 2025 |
| Listing Date | Mon, Dec 22, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 17, 2025 |
Neptune Logitek IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | - | - |
| Non-Institutional Investor Portion | 1,757,500 | Not less than 50% of the Net Offer |
| Retail Shares Offered | 1,757,500 | Not less than 50% of the Net Offer |
| Market Maker Portion | 185,000 | - |
Neptune Logitek IPO Promoter Holding
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | P |
Neptune Logitek IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹252,000 |
| Retail (Max) | 2 | 2,000 | ₹252,000 |
| S-HNI (Min) | 3 | 3,000 | ₹378,000 |
| S-HNI (Max) | 7 | 7,000 | ₹882,000 |
| B-HNI (Min) | 8 | 8,000 | ₹1,008,000 |
Neptune Logitek IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | - | - | 0x | 13 December 2025; 12:11 PM |
| Non Institutional Investors(NIIS) | 17,57,500 | 5,68,000 | 0.32x | 18 December 2025; 10:34 AM |
| Retail Individual Investors (RIIs) | 1,757,500 | 50,92,000 | 2.90x | 17 December 2025; 06:37 PM |
| Total | 35,15,000 | 56,60,000 | 1.61x | 18 December 2025; 10:35 AM |
About Neptune Logitek Limited
Neptune Logitek Limited is an integrated logistics solutions provider with over 13 years of operating experience. The company offers end-to-end logistics services across air, road, rail, and coastal transportation. It earns revenue through freight forwarding, customs clearance, courier services, multimodal transportation, and technology-driven supply chain solutions, serving customers across India through its head office and branch network.
Key Clients & Infrastructure
The company caters to clients across manufacturing, trading, and import-export segments, including SMEs and large enterprises requiring domestic and international logistics support. Neptune Logitek operates through its registered office at Gandhidham, Gujarat, supported by a head office and 9 branch locations across India. These facilities enable cargo handling, documentation, customs clearance, and multimodal coordination, ensuring efficient nationwide service delivery.
Product Portfolio & Order Book
Neptune Logitek’s service portfolio includes freight forwarding, customs brokerage, air freight, courier services, multimodal transport, and supply chain management solutions. These services span the entire logistics lifecycle of clients, from sourcing to final delivery. The company executes orders segment-wise based on client requirements, ensuring timely execution through integrated transport modes and technology-enabled tracking systems.
Mergers, Capex & Expansion Plans
The company has undergone a structural transition from a private to a public limited entity to support future growth. The IPO proceeds are primarily intended to strengthen working capital and support expansion initiatives. Management plans to scale operations, enhance branch presence, and invest in technology-driven logistics platforms to improve service efficiency and execution capability.
Employees & Banker
As on August 31, 2025 we have 96 employees. The Banker to the Company is HDFC Bank Limited.
Management & Growth Vision
The company is led by its Managing Director, Mr. Ankit Devidas Shah, supported by an experienced management team with deep domain knowledge in logistics and supply chain management. Management focuses on expanding the company’s pan-India footprint, improving operational efficiency, and strengthening technology adoption. Near-term growth is expected through increased cargo volumes, while long-term targets include scaling multimodal capabilities and building a sustainable logistics platform. Expansion and capex plans will be funded through IPO proceeds, internal accruals, and improved working capital cycles.
Industry Overview
Neptune Logitek operates in the Indian logistics and supply chain industry, a critical backbone of India’s economic growth. The Indian logistics market is valued at approximately USD 250–300 billion, contributing around 13–14% of India’s GDP, and is expected to grow at a CAGR of 8–10% over the medium term. Globally, the logistics industry exceeds USD 9 trillion, growing at 5–6% CAGR. Key Indian players include large integrated logistics providers, while global leaders dominate international freight and supply chain services. Growth is driven by rising trade volumes, infrastructure investments, and e-commerce expansion.
Key Risk Factors
- Dependence on Trade Volumes
The company’s performance is directly linked to domestic and international trade activity. Any slowdown in imports, exports, or industrial production could adversely impact cargo volumes and revenue growth. - Intense Industry Competition
The logistics sector is highly competitive, with presence of large organized players and unorganized operators. Pricing pressure and service differentiation challenges may impact margins and market share. - Operational Execution Risk
Delays in transportation, customs clearance, or multimodal coordination can affect service quality. Execution risk may lead to higher costs, customer dissatisfaction, or penalties. - Regulatory and Compliance Risk
The logistics business is subject to multiple regulations, including customs, GST, and transport laws. Changes in regulatory frameworks or non-compliance could increase operational costs. - Working Capital Intensity
Logistics operations require significant working capital for fuel, freight payments, and vendor settlements. Any mismatch in receivables and payables may strain liquidity. - Technology Dependence
Increasing reliance on digital systems for tracking and coordination exposes the company to cybersecurity, system failure, or data management risks.
Key Strengths, Moat & Opportunities
- Integrated Service Offering
The company provides end-to-end logistics solutions across multiple transport modes, reducing dependency on any single service line and enhancing client retention. - Pan-India Network Presence
With a head office and 9 branches across India, Neptune Logitek is well-positioned to serve diverse regional markets and support nationwide logistics requirements. - Experienced Management Team
Promoter-led management with over a decade of industry experience ensures strong operational understanding and disciplined execution of growth strategies. - Technology-Driven Operations
Use of technology-enabled logistics and supply chain solutions improves tracking, transparency, and efficiency, creating operational differentiation. - Growing Logistics Demand
Rising manufacturing activity, infrastructure development, and e-commerce growth provide strong demand tailwinds for organized logistics service providers. - Scalable Business Model
The asset-light and service-oriented model allows the company to scale operations with controlled capital investment, supporting sustainable long-term growth.
Neptune Logitek Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakhs)
| Period Ended | Aug 31, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|---|
| Reserve of Surplus | 1,396.85 | 995.06 | 979.48 | 979.12 |
| Total Assets | 12,294.49 | 11,924.57 | 9,524.10 | 7,451.16 |
| Total Borrowings | 5,639.96 | 5,799.77 | 6,247.84 | 3,819.72 |
| Fixed Assets | 3,507.13 | 3,632.97 | 3,668.15 | 1,937.77 |
| Cash | 30.69 | 28.72 | 140.21 | 10.50 |
| Cash flow from operating activities | 451.86 | 1,169.38 | -139.92 | -389.86 |
| Cash flows from investing activities | -68.97 | -272.58 | -1,771.69 | -1,275.57 |
| Cash flow from financing activities | -380.92 | -1,008.29 | 2,041.33 | 1,665.64 |
| Net Borrowing | 5,609.27 | 5,771.05 | 6,107.63 | 3,809.22 |
| Revenue | 10,551.58 | 26,074.41 | 17,576.30 | 18,771.19 |
| EBITDA | 925.65 | 2,138.06 | 944.58 | 524.48 |
| PAT | 401.79 | 915.58 | 0.36 | -17.93 |
| PAT Margin | 3.81% | 3.51% | 0.00% | -0.10% |
| EPS | 9.65 | 9.16 | 0 | -0.18 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | 9.16 |
| EPS Post IPO (Rs.) | 6.68 |
| Adjusted 12M EPS Post IPO (Rs.) | 7.04 |
| P/E Pre IPO | 13.76 |
| P/E Post IPO | 18.85 |
| Adjusted 12M P/E Post IPO | 17.90 |
| ROE | 14.89% |
| ROCE | 21.25% |
| P/BV | 6.32 |
| Debt/Equity | 2.91 |
| RoNW | 45.89% |
| EBITDA Margin | 8.31% |
| PAT Margin | 3.51% |
Neptune Logitek Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| Neptune Logitek | 6.68 | 18.85 | 14.89% | 21.25% | 6.32 | 2.91 | 45.89% |
| S J Logistics (india) | 19.09 | 27.52 | 31.9 % | 36.6 % | 3.97 | 0.32 | 16.35% |
| Tejas Cargo India | 10.48 | 15.74 | 16.7 % | 15.6 % | 3.88 | 0.97 | 11.03% |
| Tiger Logistics (India) | 2.56 | 18.55 | 21.7 % | 26.7 % | 2.92 | 0.32 | 19.54% |
Neptune Logitek Limited Contact Details
Neptune Logitek Limited
Phone: +91 9737658111
Email: cs@neptunelogitek.com
Website: http://www.neptunelogitek.com
Neptune Logitek IPO Registrar and Lead Manager(s)
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: info@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
GALACTICO CORPORATE SERVICES LIMITED
Phone: +91 94223 23167
Email: info@galacticocorp.com
Website: http://www.galacticocorp.com
Neptune Logitek IPO Review
Neptune Logitek Limited is an integrated logistics solutions provider with over 13 years of operating experience. The company offers end-to-end logistics services across air, road, rail, and coastal transportation. It earns revenue through freight forwarding, customs clearance, courier services, multimodal transportation, and technology-driven supply chain solutions, serving customers across India through its head office and branch network.
The Company is led by Promoter, i.e., MR. ANKIT DEVIDAS SHAH & MRS. REEMA ANKIT SHAH
The Revenues from operations for the Period ended on Aug 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹
10,551.58 Lakh, ₹
26,074.41 Lakh, ₹
17,576.30 Lakh, and ₹
18,771.19 Lakh, The EBITDA for the Period ended on Aug 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹
925.65 Lakh, ₹
2,138.06 Lakh, ₹
944.58 Lakh, and ₹
524.48 Lakh, The Profit after Tax for the Period ended on Aug 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹
401.79 Lakh, ₹
915.58 Lakh, ₹
0.36 Lakh, and ₹
-17.93 Lakh, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹9.16 and post-issue EPS of ₹6.68 for FY25. The pre-issue P/E ratio is 13.76x,while the post-issue P/E ratio is 18.85x against the Industry P/E ratio is 21.63x The company's ROE for FY25 is 14.89% and RoNW is 45.89% The Annualised EPS is ₹7.04x and P/E is 17.90x. These metrics suggest that the IPO is Fairly priced.
The Grey Market Premium (GMP) of Neptune Logitek showing listing gains of 0.00%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Neptune Logitek Limited IPO for Listing gain.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.





