• Issue Size: It provides a fresh issue size of 22,84,800 equity shares, each with a face value of Rs. 10.
• Price Range: The range of prices for each equity share is set from Rs.183 - 192 per share.
• Issue Type: The IPO is a 100% book-built issue type.
• Lot size: It is providing a lot size of 600. 
• Subscription date: The issue period begins on March 21st, 2025 and ends on March 25th, 2025.
• Listing Date: The IPO is going to be listed on March 28th, 2025.
• Stock Exchange: The IPO is going to be listed on NSE (SME).

The company proposes to utilize the net proceeds raised through this IPO to repay to upgrade its vehicles, meet capital requirements, and for general corporate purposes.

The table below (in lakhs) shows the financial performance of the company over the last three fiscal years.(for the year ended September 30, 2024).

The logistics industry is a booming industry in India given the rapid increase of demand for goods and services of different sectors along with the significant growth of the e-commerce market with the help of technology advancements.

There has also been increased demand from consumers for imports and exports, domestically and internationally. This industry also contributes to procuring employment for approximately 22 million people.

The central government’s initiatives like the National Logistics Policy (NLP), PM Gati Shakti, Special Purpose Vehicles by the  Ministry of Roadways, and digitization of paperwork and permits have additionally benefited the logistic sector which will provide competitiveness in the long term. 

This industry also contributes approximately 14.4 % to India’s GDP and is a primary global supply chain that serves as a backbone to many big and small enterprises. In 2021, this sector was valued at US$ 250 billion and is projected to increase at a CAGR of 10-12% and reach US$ 380 billion by 2025.

• The company provides logistic services to all kinds of B2B and B2C businesses across PAN India.

• The company has its own in-house fleet of 226 vehicles comprising various trucks and trailers and has developed a mobile app that ensures efficient management and delivery tracking features.
• The company has shown positive financials increasing its profit after tax increasing from Rs. 339.59 lakh in 2022 to Rs. 807.19  lakh as of March 31, 2024. (with Rs. 701.34 lakh as of 30th September 2024).

The company is in the logistics business which contributes approximately 14.4 % to India’s GDP. With the significant rise of the e-commerce industry, retail markets along with the increasing consumer demands, trades, imports, and exports. This sector has potential growth in the long run.

The company has shown healthy growth increasing its profit after tax from Rs. 339.59 lakh in 2022 to Rs. 807.19  lakh as of March 31, 2024.

However, the company is also subject to certain risks as there are many companies already involved in this line of business.

Investors should carefully access the risks given in the draft red herring prospectus before investing.

The company with the help of this IPO aims to raise funds to upgrade its logistics fleet, meet working capital, and further advance its business operations.

It has shown healthy fundamentals and has potential growth given the industry it operates in. Potential investors should analyze the risks before investing.