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Neptune Logitek Ltd.

Neptune Logitek Ltd.

NEPTUNESME

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Overview

Neptune Logitek Limited is an integrated logistics company in India with over 13 years of experience. The company provides a comprehensive suite of services including freight forwarding, customs clearance, air freight, road and rail transportation, and door-to-door multimodal coastal forwarding. Operating on an asset-based model with a fleet of over 190 owned trucks and a network of leased vehicles, Neptune Logitek has a pan-India presence with a head office and nine branch offices. The company leverages advanced technology, such as GPS-enabled fleet management and proprietary software, to deliver efficient and transparent logistics solutions across various industries.

Opening Date

Dec 15, 2025

Closing Date

Dec 17, 2025

Listing Date

Dec 22, 2025

IPO Type

SME

IPO Status

Open

Issue Size

46.62 Cr

Fresh Issue

46.62 Cr

Offer for Sale

0 Cr

Price Band

₹126 - ₹126

Lot Size

1000

IPO Timeline

Dec 15, 2025
Open Date
Dec 17, 2025
Close Date
Dec 18, 2025
Allotment Date
Dec 19, 2025
Initiation of Refunds
Dec 22, 2025
Listing Date

Financials

Revenue

Profit After Tax (PAT)

IPO Objective

The net proceeds from the issue are intended to be utilized by the company for the following key objectives:

  • Funding capital expenditure of ₹3,394.15 crores towards the purchase of 60 new commercial container trucks and ancillary equipment to expand logistics capacity, improve operational efficiency, and enhance service levels.

  • Utilizing up to ₹200.00 crores for the repayment or prepayment of certain existing term loans and working capital facilities, which will help reduce outstanding debt and improve the company's debt-equity ratio.

  • Allocating the remaining funds for general corporate purposes, which include funding growth opportunities, hiring key personnel, meeting working capital requirements, and supporting strategic initiatives.

Key Performance Indicator

P/E Ratio

13.76

EPS

9.16

ROE

14.89%

ROCE

21.25%

RONW

45.89%

Debt to Equity Ratio

PAT Margin

3.56%

EBITDA Margin

8.31%

P/B

6.32

SWOT Analysis

Strengths

  • Comprehensive and integrated logistics services portfolio, including freight forwarding and customs clearance.

  • Experienced management team with over a decade of industry expertise and strategic vision.

  • Asset-based business model with a large fleet of owned vehicles, enabling scalability and quality control.

  • Seamless integration of advanced technology, including proprietary ERP systems, for enhanced operational efficiency.

Weaknesses

  • High dependency on overall economic conditions, making the business susceptible to economic downturns.

  • Exposure to elevated operational costs, particularly from fluctuating fuel prices and vehicle maintenance.

  • Capital-intensive nature of the business requires significant investment in fleet and infrastructure.

  • Navigating complex and changing regulations related to transportation, customs, and environmental standards.

Opportunities

  • Potential for geographic market expansion into Tier II/III cities and international trade corridors.

  • Growing demand for green logistics and sustainable supply chain solutions.

  • Further integration of technology like AI and predictive analytics to optimize operations and enhance client services.

  • Benefiting from government-led infrastructure development, such as new highways and freight corridors.

Threats

  • Vulnerability to supply chain disruptions caused by global events, geopolitical tensions, or natural disasters.

  • Challenges in implementing new technologies, which can be complex and costly, affecting competitiveness.

  • Geopolitical risks such as trade wars and regional conflicts can increase costs and disrupt operations.

  • Intense competition from both large organized players and smaller unorganized operators in the logistics sector.

Subscription Rate

CategoryShares Bid ForShares OfferedTimes Subscribed
Non-Institutional Investors4.84 L17.58 L0.28x
Retail Individual Investors39.58 L17.58 L2.25x
Total44.42 L35.15 L1.26x