- Issue price
- ₹46per share
- Issue size
- ₹16.84 Cr36,60,000 shares
- Face value
- ₹2per equity share
- Lot size
- 3,000 sharesMin. ₹1.38 L at the upper price
- OpensTue, 2025
- ClosesFri, 2025
- AllotmentTue, 2025Refunds and Demat credit same day
- ListingWed, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Fixed price, fresh issue
- Fresh issue
- 36,60,000 shares (₹16.84 Cr)
- Offer for sale
- None
- Total issue
- 36,60,000 shares (₹16.84 Cr)
- Market maker portion
- 1,86,000 shares
- Face value
- ₹2
- Listing at
- BSE SME
- Promoter holding
- 95.00% → 67.05%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail47.7%
- NII47.2%
- Market maker5.1%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 17,46,000 | 50.26% | — |
| Non-institutional investors (NII) | 17,28,000 | 49.74% | — |
| Market maker | 1,86,000 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹46 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 6,000 | ₹2.76 L |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹2.95
- EPS (basic) (Four months ended July 31, 2025 (not annualised))
- ₹1.56
- P/E (FY 2024-25 at issue price of ₹46)
- 15.59×
- RoNW
- 57.16%
- ROCE
- 59.34%
- NAV per share (As on March 31, 2025)
- ₹5.16
- NAV per share (NAV after the Issue)
- ₹18.28
- Debt to equity
- 0.45
- EBITDA margin
- 16.81%
- PAT margin
- 11.74%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Jul 20254 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 8.30 | 22.04 | 14.77 | 19.34 |
| Total income | 8.45 | 22.27 | 14.81 | 19.38 |
| EBITDA | 1.94 | 3.71 | 1.95 | 0.57 |
| Profit after tax | 1.37 | 2.59 | 1.25 | 0.31 |
| Net worth | 5.90 | 4.53 | 1.99 | 0.74 |
| Reserves and surplus | 4.14 | 2.77 | 1.98 | 0.74 |
| Total assets | 12.31 | 8.22 | 5.17 | 2.76 |
| Total borrowing | 3.93 | 2.03 | 1.77 | 1.13 |
FY 2024-25 vs FY 2023-24: revenue +49.2%, profit after tax +107.3%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
The company provides integrated third-party logistics (3PL) services covering freight forwarding, cargo handling, customs clearance and door-to-door distribution. It coordinates the movement of goods from origin to destination across the supply chain. It is based in Ahmedabad, Gujarat.
- Incorporated
- 2020
- Industry
- Logistics
- Sector
- Logistics and Transport
- CIN
- U74999GJ2020PLC114376
- Website
- sunskylogistics.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Akash A Shah | Promoter | 75.00% | 52.93% |
| Shah Vaibhavi Akash | Promoter | 14.20% | 10.02% |
| Peenaben Shrenikbhai Shah | Promoter group | 2.80% | 1.98% |
| Vishal Shrenik Shah | Promoter group | 2.00% | 1.41% |
| Shrenik Navnitlal Shah | Promoter group | 1.00% | 0.71% |
| Rupalben Jaydepbhai Kansara | Public | 3.00% | 2.12% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Purchase of flatbed trailers | 6.42 |
| Prepayment or repayment of certain outstanding borrowings | 3.50 |
| Working capital requirement | 2.75 |
| General corporate purposes | 2.52 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Sunsky Logistics LimitedIssuer | ₹2.95 | 15.59× | 57.16% | ₹5.16 |
| Ashapura Logistics Limited (Consolidated) | ₹10.06 | 6.60× | 9.43% | ₹96.13 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long-standing relationships with a diverse customer base.
- Broad range of logistics services from freight forwarding to customs clearance.
- Existing agency network and arrangements with partners.
- Promoter has experience in shipping, logistics and transportation.
- Plans to add own flatbed trailers to reduce reliance on third-party transporters.
Risks
- Top 10 customers accounted for about 86% of revenue in the four months to July 31, 2025.
- About 90% of revenue comes from Gujarat, creating regional concentration.
- Registered office is occupied on a leave and license basis.
- The trademark used is licensed from a promoter, who has not yet registered it.
- Trailer purchase quotations are not firm and no orders have been placed yet.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹46) appear here after the shares list on BSE SME.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Sunsky Logistics IPO open and close?
According to the Prospectus, the issue opens on Tuesday, 30 September 2025 and closes on Friday, 3 October 2025.
What is the Sunsky Logistics IPO price band?
The final issue price is ₹46 per share.
What is the lot size of the Sunsky Logistics IPO?
One lot is 3,000 shares, which is ₹1.38 L at ₹46 per share.
Where will Sunsky Logistics shares list?
On BSE SME. The tentative listing date is Wednesday, 8 October 2025.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Sunsky Logistics IPO allotment status?
The basis of allotment is expected to be finalised on Tuesday, 7 October 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹6.42 Cr for purchase of flatbed trailers, ₹3.5 Cr for prepayment or repayment of certain outstanding borrowings, ₹2.75 Cr for working capital requirement, ₹2.52 Cr for general corporate purposes.
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Also managed by Nirbhay Capital Services
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