Neptune Logitek Limited, an integrated logistics solutions provider, is set to launch its Initial Public Offering (IPO) on December 15, aiming to raise ₹46.62 crore. The public issue will remain open for subscription until December 17, with allotment scheduled for December 18 and listing on the BSE SME platform on December 22.
The company will offer 37,00,000 equity shares with a face value of ₹10 each at an issue price of ₹126 per share. Investors can subscribe for a minimum of 2,000 shares, with subsequent applications in multiples of 1,000 shares. This translates to a minimum investment of ₹2,52,000 for retail investors. High Net-worth Individuals (HNIs) must apply for at least 3,000 shares, amounting to ₹3,78,000.
The IPO has allocated 17,57,500 shares (47.50%) each for Non-Institutional Investors (NII) and Retail Individual Investors (RII), while 1,85,000 shares have been reserved for market maker Asnani Stock Broker Private Limited.
Neptune Logitek plans to utilize ₹33.94 crore from the net proceeds for fleet expansion, including the purchase of trucks and ancillary equipment. Additionally, ₹2 crore will go toward debt repayment and ₹6.03 crore towards general corporate purposes. The company expects these investments to strengthen its fleet capacity, improve operational efficiency, and support expansion across key logistics routes.
As of August 31, 2025, Neptune Logitek operated 192 fleets and fleet operators, supported by a network of nine branch offices across major logistics hubs. The company also owns a captive petrol pump with a storage capacity of 60 kilolitres, boosting fuel management efficiency and reducing operational costs.
Headquartered in Gandhidham, Neptune Logitek offers comprehensive logistics solutions spanning freight forwarding, customs clearance, air freight transportation, door-to-door multimodal coastal forwarding, and road and rail transport. Leveraging technology such as GPS-enabled fleet management, real-time tracking, and automated engine monitoring, the company focuses on reducing turnaround times and enhancing logistical precision.
The IPO marks a pivotal step in Neptune Logitek’s growth trajectory, enabling the company to expand its service capabilities and strengthen its position as a reliable, technology-driven logistics operator. Galactico Corporate Services Limited is the lead manager for the issue, with Bigshare Services Private Limited acting as the registrar.