Neptune Logitek's shares made a muted debut on the BSE SME platform, listing at a 26% discount to its initial public offering (IPO) price of ₹126. The shares opened at ₹100 and fell further to ₹95.80, resulting in a loss for IPO allottees.
The IPO was priced at ₹126 per share, with a post-issue valuation of around ₹173 crore. The offer saw an overall subscription of 1.61 times, primarily driven by retail investors. The IPO is a fixed price issue of ₹46.62 crore, consisting of 0.37 crore shares.
Neptune Logitek is an integrated logistics solutions company offering services like freight forwarding, customs clearance, and multimodal coastal forwarding. The company operates on an asset-heavy model, owning its fleet and leveraging technology-driven solutions to enhance operational efficiency.
Neptune Logitek posted strong financial growth in FY25, with revenue surging 48% to ₹260.74 crore and profit after tax jumping to ₹9.16 crore. The company plans to use the IPO proceeds for capital expenditure, partial debt repayment, and general corporate needs.
The company's muted listing has raised concerns among investors. However, Neptune Logitek's strong financial performance and growth prospects may still attract investors looking for long-term opportunities. Remember, this is perspective, not prediction. Do your own research before making any investment decisions.
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