A total of 37,00,000 shares, amounting to ₹46.62 crore, will be issued in the Neptune Logitek IPO. It is an SME issue that will be listed on the BSE SME platform. The price has been fixed at ₹126, with a face value of ₹10 per share. The issue will open on December 15, 2025, and close on December 17, 2025. The allotment is scheduled on December 18, 2025, while the listing can be expected on December 22, 2025.
The IPO lot size is 1,000 shares. The retail investors will have to bid for a minimum of 2 lots with an amount of ₹2,52,000. For HNIs, the investment starts at ₹3,78,000 for 3 lots.
Neptune Logitek IPO Details
The key information of this IPO is as follows:
| Particulars | Details |
| Bidding Starts | December 15, 2025 |
| Bidding Ends | December 17, 2025 |
| Face value | ₹10 per share |
| Price Band | |
| Issue price | ₹126 per share |
| IPO Lot Size | 1,000 Shares |
| Offer for sale | |
| Fresh issue | 37,00,000 shares (₹46.62 crore) |
| Issue Type | Fixed Price Issue |
| Listing at | BSE SME |
| Total Issue Size | 37,00,000 shares (₹46.62 crore) |
| Minimum Investment | ₹2,52,000 |
Neptune Logitek IPO Timeline
This IPO will run as per the following schedule:
| Particulars | Details |
| Bidding opens on | December 15, 2025 |
| Bidding closes on | December 17 2025 |
| Scheduled Allotment | December 18, 2025 |
| Refund process begins | December 19, 2025 |
| Credit of shares to the demat | December 19, 2025 |
| Expected Listing | December 22, 2025 |
| Time of UPI mandate cut-off | 5 PM on December 17, 2025 |
Neptune Logitek Key Performance Indicator
Below are the Key Performance Indicators (KPIs) of Neptune Logitek:
| KPIs | FY 2023 | FY 2024 | FY 2025 |
| ROE (%) | 0.41 | 0.00 | 14.89 |
| ROCE (%) | 4.17 | 5.30 | 21.25 |
| Debt Equity (times) | 3.54 | 5.79 | 2.91 |
| RoNW (%) | (1.66) | 0.03 | 45.89 |
| PAT Margin (%) | (0.10) | 3.56 | |
| EBITDA margin (%) | 2.83 | 5.40 | 8.31 |
| Price Book Value | – | – | 6.32 |
Neptune Logitek Financials
The key Neptune Logitek financial metrics are listed below:
| Particulars (in ₹ lakh) | 2023 | 2024 | 2025 |
| Revenue | 18,771.19 | 17,576.30 | 26,074.41 |
| Total Asset | 7,451.16 | 9,524.10 | 11,924.57 |
| Profit | (17.93) | 0.36 | 915.58 |
Subscription status of the Neptune Logitek IPO
Neptune Logitek IPO shares subscription is as follows:
| Day | NII | Individual Investor | Total |
| Day 1 | 0.33 | 1.73 | 1.03 |
| Day 2 | 0.28 | 2.25 | 1.26 |
| Day 3 | 0.32 | 2.9 | 1.61 |
Neptune Logitek IPO Grey Market Premium Today
The Grey Market Premium (GMP) of Neptune Logitek IPO stands at ₹0, indicating a flat response from the grey market. The premium value hasn’t changed over the last three days, signalling neutral sentiment ahead of the listing.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 08-12-2025 | ₹0 | ₹126 | 0% | Neutral |
| 07-12-2025 | ₹0 | ₹126 | 0% | Neutral |
| 06-12-2025 | ₹0 | ₹126 | 0% | – |
Note: The GMP values are sourced from unofficial market activity and can change rapidly based on subscription status, demand, and market sentiment.
Neptune Logitek IPO Reservation
The shares of this IPO are reserved in the following order:
| Particulars | Details |
| Market Maker Shares Offered | 1,85,000 (5.00%) |
| NII (HNI) Shares | 17,57,500 (47.50%) |
| Retail Shares | 17,57,500 (47.50%) |
| Total Shares | 37,00,000 (100.00%) |
Lot Size of Neptune Logitek IPO
The investors can apply for this IPO as per the given lot sizes:
| Application | No. of Lots | No. of Shares | Amount |
| Retail Investors (Minimum) | 2 | 2,000 | ₹2,52,000 |
| Retail Investors (Maximum) | 2 | 2,000 | ₹2,52,000 |
| HNI (Minimum) | 3 | 3,000 | ₹3,78,000 |
Neptune Logitek IPO Anchor Investors Details
The Neptune Logitek IPO does not have anchor investor participation in its offer. Since it is an SME IPO, anchor investment is not a mandatory requirement, and the company has not released anchor-related information.
Neptune Logitek IPO Prospectus
The documents given below provide additional information regarding this IPO:
| Draft Red Herring Prospectus (DRHP) | |
| Red Herring Prospectus (RHP) | |
| Anchor Investors | – |
| Final Prospectus | Not Disclosed |
About Neptune Logitek
Neptune Logitek Limited is an integrated logistics service provider offering air freight, coastal logistics, custom clearance, rail and road transportation. It was founded in 2011 and is headquartered in Gandhidham, Gujarat. The company operates under the leadership of its Managing Director, Mr. Ankit Devidas Shah, who, along with Mrs. Reema Ankit Shah, is a promoter of the company.
Neptune Logitek has strengthened its market foothold through fleet expansion, multimodal capabilities, and operational efficiency. It serves diverse sectors such as agriculture, FMCG, capital goods, and cement, while competing with peers like Tiger Logistics, Tejas Cargo, and S J Logistics. Neptune Logitek continues to scale its ecosystem with advanced digital systems, nationwide infrastructure, and long-standing client partnerships.
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Manager | Galactico Corporate Services Ltd. |
Objectives of the Neptune Logitek IPO
Nunitek Logitek will utilise the raised capital for the following objectives:
| S. No. | Particulars | Amount (in ₹ crore) |
| 1 | Purchase of truck and equipment | 33.94 |
| 2 | Repayment of Loan | 2.00 |
| 3 | General Corporate Use | 6.03 |
Strength Of Neptune Logitek
The following strengths are driving the growth of Neptune Logitek:
1. Integrated Operations
Neptune Logitek has built a pan-India network over 13 years, which, in combination with unified service offerings and a strong fleet, enables smooth and efficient service in cargo handling and transportation.
2. Strong Leadership
The company’s experienced promoters and skilled management team effectively drive strategic decisions, oversee daily operations, and support long-term growth.
3. Asset-Driven Model
A large fleet of 199 trucks and 9 branches ensures reliability, scalability, and customisation in logistics solutions. These are backed by a technology-first approach that enhances the customer experience.
4. Client Relationships
Timely and reliable service quality has helped the company build strong trust among the customers. It catered to over 2,000 customers across various industries in the last year.
Risk of Neptune Logitek
The following risks can affect Neptune Logitel’s performance:
1. Port Traffic
The company is heavily reliant on the container traffic at major ports like Cochin, Vizag, Chennai, Mangalore and Kandla. It means that any unexpected decline in container traffic, infrastructure shifts, or regional disturbances can reduce cargo volume and impact revenue.
2. Ageing Fleet
Older vehicles raise maintenance costs, while rising truck prices may limit fleet expansion and reduce operational efficiency and profitability.
3. Operational Disruptions
Breakdowns, accidents, or any third-party failures can result in delays, additional costs, and cause harm to reputation and customer confidence.
4. Customer Concentration Risk
Neptune Logitek makes a significant share of its earnings from a limited customer base. Any loss or reduction in business can impact cash flows and financial stability.
Neptune Logitek IPO Review
Neptune Logitek IPO presents an investment opportunity in a growing logistics business with strong leadership, expanding fleet capacity, and reliable quality service. However, high dependence on port traffic, an aging vehicle base, and operational risks remain notable concerns. With a flat GMP of ₹0, the market is currently showing a neutral response. Investors should check the business fundamentals and subscription status before applying for this offering.
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Neptune Logitek IPO FAQs
Neptune Logitek IPO is an SME IPO of 37,00,000 equity shares amounting to ₹44.29 crore. It opens on December 15, 2025, and closes on December 17, 2025.
Investors can apply through their broker using UPI or via the ASBA facility provided by their bank.
The IPO offers growth potential with strong logistics capabilities, but also carries operational and customer concentration risks. Investors should review financials and GMP trends before applying.
The current flat response from the market makes the Neptune Logitek IPO premium ₹0. Investors can expect a return of 0% on listing.
The Neptune Logitek IPO will open on December 15, 2025, and close on December 17, 2025.
The lot size of the Neptune Logitek IPO is 1,000 shares.
The Neptune Logitek IPO allotment is expected on December 18, 2025.
The Neptune Logitek shares are scheduled to list on December 22, 2025.
