Due to the company’s strong presence in the logistics sector and rapidly improving financial performance, Neptune Logitek IPO has become a topic of discussion among SME investors.
With over 13 years of operational experience and a pan-India network, Neptune Logitek is now stepping into the public market to fuel its next phase of growth.
In this article, we’ll explore the company’s business model, financials, IPO details, GMP, strengths, risks, and whether this IPO is worth applying for.
About Neptune Logitek
Company Background
Founded in 2012, Neptune Logitek has grown into a major integrated logistics provider in India.
This company operates with a head office and nine branch offices located at strategic locations across the country, enabling excellent connectivity and fast service delivery.
Business Verticals
Neptune Logitek offers five major logistics services:
- Freight Forwarding & Customs Clearance (Import & Export)
- Air Freight Services (including courier)
- Door-to-Door Multimodal Coastal Forwarding
- Road Transportation
- Rail Transportation
This diversified model allows the company to meet different logistics needs under one roof.
Asset-Based Model
Neptune Logitek operates on a strong asset-based model.
As of 31 August 2025, the company owns:
- 192 trucks
- A captive petrol pump with 60 KL storage, licensed by PESO
This reduces dependency on external fleet providers and improves operational efficiency.
Operational Strength
The company has shown rapid growth:
- 55,416 containers handled in FY 2025
- Customer base increased from 1,762 (FY 2023) to 2,185 (FY 2025)
- Total of 96 employees
This indicates rising demand and strong customer trust.
Neptune Logitek Promoters
The promoters of the company are:
- Mr. Ankit Devidas Shah
- Mrs Reema Ankit Shah
They have been instrumental in driving the company’s expansion.
Neptune Logitek IPO Details
IPO Dates
- Opens: 15 December 2025
- Closes: 17 December 2025
Issue Size
- Fresh Issue Only: 37,00,000 shares
- Total Issue Size: INR 46.62 crore
- Offer for Sale (OFS): Nil
Price & Valuation
- Issue Price: INR 126 per share
- Face Value: INR 10 per share
Minimum Investment
- Lot Size: 1,000 shares
- Minimum Investment: INR 1,26,000
- Retail Minimum Bid: 2,000 shares (INR 2,52,000)
Listing Details
- Exchange: BSE SME
- Retail Allocation: 50%
Neptune Logitek Financial Performance
| FY 2023 | FY 2024 | FY 2025 | 5M FY 2026 | |
| Revenue | 185.44 | 174.92 | 257.25 | 104.89 |
| Expenses | 187.23 | 175.44 | 248.42 | 100.02 |
| Net income | (0.18) | 0.36 | 9.16 | 4.02 |
Figures in INR Crores unless specified otherwise
Neptune Logitek Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | (0.18) | 0.00 | 9.16 |
| PE ratio | – | – | 13.76 |
| RONW (%) | -1.66 | 0.03 | 45.89 |
| NAV | 107.91 | 107.95 | 19.95 |
| ROCE (%) | 3.54 | 5.79 | 2.91 |
| EBITDA (%) | 2.99 | 5.57 | 8.31 |
| Debt/Equity | 3.54 | 5.79 | 2.91 |
Neptune Logitek GMP (Grey Market Premium)
Currently, the GMP details are not available.
GMP trends will become clearer as IPO dates approach.
You may also like to read: Most Useful Tool in Trading: Parallel Channel Chart Pattern
Neptune Logitek IPO Review – Should You Apply?
Strengths of the Company
- Strong pan-India presence
- Integrated logistics solutions
- Solid asset base with 192 trucks
- Rising profitability
- Large and growing customer base
Risks & Concerns
- High dependency on economic cycles
- Logistics industry competition
- Moderate debt levels
- SME listings often have higher volatility
Long-Term vs. Listing Gain View
- For long-term investors: The company has strong fundamentals and growth potential.
- For listing gains: Depends on GMP and market mood closer to listing day.
Neptune Logitek IPO Allotment
How to Check Allotment Status
You can check your allotment on the Bigshare Services website.
Registrar Details
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, Pinnacle Business Park,
Mahakali Caves Road, Andheri East, Mumbai – 400093
Neptune Logitek IPO Timeline
- Opening Date: 15 December 2025
- Closing Date: 17 December 2025
- Allotment Finalisation: 18 December 2025
- Refunds: 19 December 2025
- Shares to Demat: 19 December 2025
- Listing Date: 22 December 2025
Lead Manager & Registrar Information
Lead Manager
GALACTICO CORPORATE SERVICES LIMITED
Nashik – 422002
Registrar
BIGSHARE SERVICES PRIVATE LIMITED, Mumbai
Final Verdict
Neptune Logitek shows strong operational capabilities and recent financial improvements. Its IPO comes at a time when the logistics sector is growing rapidly due to rising e-commerce and supply chain demand.
The valuations appear fair, and the company seems positioned for long-term growth. However, SME IPOs carry risk, so investors should consider their risk appetite before applying.
Conclusion
Neptune Logitek has evolved into a reliable and well-diversified logistics company with robust growth in recent years.
Its integrated model, strong fleet, and improving financial performance make its IPO an attractive option for investors seeking exposure in the logistics sector.
While market sentiment and GMP will determine listing gains, long-term investors may find value in this IPO.
