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₹126 - 126
Neptune Logitek Ltd
DiversifiedIPOSME
₹126 - 126
Neptune Logitek Limited is an integrated logistics company based in India, primarily engaged in: (i) Freight Forwarding and Custom Clearance including Import and Export; (ii) Air Freight Transportation (including Import and Export and Courier Services; (iii) Door to Door Multimodal Coastal Forwarding (iv) Road Transportation and (v) Rail Transportation.
Lot1,000Min Invest₹2,52,000Face Value₹10Issue Size₹47 CrFresh Issue₹47 CrListing Price₹101CMP₹35
Timeline
15 Dec
Bidding opens
17 Dec
Bidding closes
18 Dec
Allotment
18 Dec
Refund & demat credit
22 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹47 Cr0.37 Cr shares
Fresh Issue₹47 Cr
Face Value₹10
Lot Size1,000 shares
ReservationNII 50% · RETAIL 50%
Application Sizes
Retail₹2,52,0001-1 lots
sNII₹2,52,000from 2 lots
bNII₹10,08,000from 8 lots
Managers & Registrar
Lead ManagerGalactico Corporate Services Limited.
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%72.99%Public0.01%27.01%
Objects of the Issue
- Funding capital expenditure requirement of our company towards Purchase of trucks ("Vehicles") and ancillary equipment ("Equipment").
- Repayment of loan
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 169 | 185 | 175 | 257 | 234 |
| Operating ProfitCr | 5 | 3 | 9 | 20 | 17 |
| OPM% | 2.7 | 1.8 | 5.1 | 7.7 | 7.1 |
| PBTCr | 0 | 1 | 0 | 10 | 10 |
| PATCr | 0 | 0 | 0 | 7 | 6 |
| EPS | 1 | 0 | 0 | 7 | 5 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 1 | 10 | 14 |
| ReservesCr | 10 | 10 | 10 | 10 | 54 |
| BorrowingsCr | 20 | 38 | 62 | 58 | 53 |
| Total AssetsCr | 60 | 75 | 95 | 118 | 163 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -1 | -4 | -1 | 12 | 5 |
| Investing Cash FlowCr | 1 | 4 | -18 | -3 | -36 |
| Financing Cash FlowCr | 0 | 0 | 20 | -10 | 31 |
| Net Cash FlowCr | 0 | 0 | 1 | -1 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- We have strong network effects of platform resulting in robust customer retention rates.
- Integrated logistics service provider with diversified business offerings.
- Timely and safe deliveries.
- Cordial relations with our clients.
- We are a Promoter-led management team and have an experienced board.
- Skilled and experienced management team with relevant industry experience.
Strategies · as stated in the DRHP
- Profitably fast-track growth in Integrated Logistics Services.
- Further Strengthening of our Businesses.
- Maintaining edge over competitors.
- Technology Integration.
- Geographic Expansion and Network Optimization.
- Diverse Revenue Streams.
Risks · as stated in the DRHP
- The company cargo handling business operations are dependent on container traffic at the various ports such as Kandla Port, Mundra Port, Pipavav Port, Hazira Port, Mangalore Port, Cochin Port, Chennai Port, Tuticorin Port, Kattupalli Port and Vizag Port and other ports. Any decline in the containers traffic handled by these ports, lower than anticipated growth or any significant social, political, economic or geological disruption in these regions could have an adverse effect on its business, results of operations and financial condition.
- The company cargo handling business and Multimodal business require an efficient transportation network and as such, any inadequacies in reliable transportation infrastructure may have an adverse effect on its business, results of operations and financial condition.
- The Company is dependent on a few suppliers for its purchases. The loss of any of these large suppliers may affect the company business operations.
- The company has historically derived a substantial portion of its revenue from a limited number of customers, indicating a high level of customer concentration, which could recur in future periods and adversely impact the company business, results of operations, financial condition and cash flows. Loss of one or more of these customers or a reduction in the amount of business we obtain from them could have an adverse effect on the company business, results of operations, financial conditions and cash flows. Further, we do not have long-term agreements with several of its customers.
- The increase in the age of its vehicles and an increase in the prices of vehicles may adversely affect the company business and results of operations.
- The company inability to manage its diversified operations may has an adverse effect on the company business, results of operations, financial condition and cash flows. Failure to improve diversification of its revenue streams exposes us to risk of concentration of revenue from transportation verticals.