Neptune Logitek IPO is a small and focused logistics issue opening on December 15, 2025 and closing on December 17, 2025, with listing scheduled for December 22, 2025. The company operates in transport and logistics, with IPO proceeds primarily earmarked for buying trucks and repaying debt, supported by improving profitability in FY25.
Neptune Logitek IPO overview :-
- IPO open: December 15, 2025
- IPO close: December 17, 2025
- Basis of allotment: December 18, 2025
- Refunds & credit to Demat: December 19, 2025
- Listing date: December 22, 2025
- Issue price :- Rs. 126 per share
- Lot Size :- 1,000 shares
- Face Value :- Rs 10 per share
- Market lot: 2,000 shares; retail minimum and maximum both 1 lot (₹2,52,000).
- Investor split: 50% for retail investors and 50% for NIIs.
Promoters are Mr. Ankit Devidas Shah and Mrs. Reema Ankit Shah, with promoter holding moving from 99.99% pre‑issue to 78.13% post‑issue (1,00,00,000 to 1,37,00,000 shares).
Business and financial snapshot
Neptune Logitek is a logistics and transportation company operating primarily through owned and hired fleet, catering to cargo and freight movement needs. The business model is asset‑heavy with a focus on expanding its vehicle base to support revenue growth.
Financials (₹ in crore):
- Neptune Logitek Ltd.'s revenue increased by 48% and profit after tax (PAT) rose by 254228% between the financial year ending with March 31, 2025 and March 31, 2024.
|
Period Ended |
31 Aug 2025 |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
122.94 |
119.25 |
95.24 |
74.51 |
|
|
105.52 |
260.74 |
175.76 |
187.71 |
|
|
4.02 |
9.16 |
0.00 |
-0.18 |
|
|
9.26 |
21.38 |
9.74 |
5.55 |
|
|
23.97 |
19.95 |
10.79 |
10.79 |
|
|
13.97 |
9.95 |
9.79 |
9.79 |
|
|
56.40 |
58.00 |
62.48 |
38.20 |
Peer group includes S J Logistics (India) Ltd, Tejas Cargo India Ltd and Tiger Logistics (India) Ltd, with Neptune showing higher RoNW but operating at relatively modest margins typical of the sector.
Objective of the IPO :-
- Funding capital expenditure for purchase of trucks and ancillary equipment – ₹33.94 crore
- Funding repayment of loan – ₹2.00 crore
- General corporate purposes and issue expenses.
Neptune Logitek IPO offers total 37,00,000 shares. Out of which 17,57,500 (47.50%) allocated to NII 17,57,500 (47.50%) allocated to RII.
IPO Lot Size:-
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
Key strengths:-
- Strong RoE and RoNW in FY25.
- Rising revenue with sharp improvement in PAT in FY25.
- Clear use of proceeds towards income‑generating assets (trucks).
- Promoter skin in the game with high post‑issue holding.
- Growing asset base supporting scalability.
- Presence in essential logistics segment with steady demand.
Key risks :-
- Thin PAT margin despite improved profitability.
- High leverage with debt‑equity ratio of 2.91.
- Business cyclicality linked to economic and trade activity.
- Concentration risk in specific geographies/routes.
- Execution risk in deploying new vehicles efficiently.
- Competitive pressure in a fragmented logistics market.
How To Apply for the IPO ?
- Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of IPO?
Steps to check IPO allotment status on JM Pro app:
- Log in to the JM Pro app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
JM Financial Services will notify you of your IPO allotment status via push notification and email
FAQs – Neptune Logitek IPO
Q1. What are the Neptune Logitek IPO dates?
The IPO opens on December 15, 2025 and closes on December 17, 2025; allotment is on December 18 and listing is on December 22, 2025.
Q2. What is the Neptune Logitek IPO market lot and minimum investment?
The minimum and maximum application for retail is 1 lot of 2,000 shares, requiring an investment of ₹2,52,000.
Q3. Who are the promoters of Neptune Logitek?
The promoters are Mr. Ankit Devidas Shah and Mrs. Reema Ankit Shah, holding 99.99% pre‑issue and 78.13% post‑issue.
Q4. How will the IPO proceeds be used?
Proceeds are primarily to fund purchase of trucks and ancillary equipment, repay certain loans, and meet general corporate purposes.
Q5. How has Neptune Logitek performed financially?
Revenue moved from ₹187.71 crore in FY23 to ₹260.74 crore in FY25, while PAT improved from ₹0.18 crore to ₹9.16 crore over the same period.
Q6. What are the key return ratios in FY25?
The company reported ROE of 45.89%, ROCE of 11.75%, EBITDA margin of 8.31% and PAT margin of 3.56% in FY25.
Q7. How does Neptune compare with listed peers?
Peer companies such as S J Logistics, Tejas Cargo India and Tiger Logistics show varying EPS and RoNW levels; Neptune has a higher RoNW but similar sector‑typical margins and business characteristics.
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