IPO Overview
Sampark India Logistics was incorporated on December 1, 2012, and operates as a pan-India carrying and forwarding agent, providing end-to-end logistics solutions including freight forwarding and warehousing services. Through a network of 52 branch offices, it serves customers across diverse industries such as automotive, pharmaceuticals, consumer durables, and textiles. Operating under the B2B segment, the company specializes in transporting bulk quantities of goods within India. The company is committed to maintaining high quality standards, supported by ISO 9001:2015 and ISO 45001:2018 certifications, and relies on third-party technology and software solutions, including GPS-based tracking systems, to manage its logistics, transportation, and warehousing operations.
The company is coming out with its maiden book-building route IPO of 32,40,000 equity shares of ₹10 each to mobilize ₹27.22 crore, with a price band of ₹80–₹84 per share. The issue includes a total of 32.40 lakh shares on offer, constituting a fresh issue. The IPO opens on 30 June 2026 and closes on 2 July 2026, with listing expected on BSE SME around 7 July 2026.
IPO Detailed Information
Issue Details
| Parameter | Details |
| IPO Type | Book Built – SME |
| Listing Exchange | BSE SME |
| IPO Open Date | 30 June 2026 |
| IPO Close Date | 02 July 2026 |
| Allotment Date | 03 July 2026 (Expected) |
| Refund Initiation | 06 July 2026 |
| Credit to Demat | 06 July 2026 |
| Listing Date | 07 July 2026 (Tentative) |
| Price Band | ₹80 – ₹84 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,600 shares |
| Minimum Investment (Retail) | ₹2,68,800 (2 lots = 3,200 shares) |
| Issue Size | ₹27.22 crore |
| Fresh Issue | 32,40,000 shares (₹27.22 crore) |
| Offer For Sale (OFS) | Nil |
Note: The IPO constitutes 26.43% of the post-IPO paid-up capital of the company.
Issue Break-up
| Category | Allocation (Shares) | % |
| Anchor Investors | 9,18,400 | 28.35% |
| Qualified Institutional Buyers (QIB) | 6,14,400 | 18.96% |
| Non-Institutional Investors (NII) | 4,65,600 | 14.37% |
| Retail Individual Investors (RII) | 10,78,400 | 33.28% |
| Market Maker | 1,63,200 | 5.04% |
OFS / Selling Shareholders
There is no Offer For Sale (OFS) in this IPO. The entire issue is a fresh issue, and proceeds will go directly to the company to meet its working capital needs.
Objects of the Issue (Fund Utilization)
From the net proceeds of the issue, the company will utilize ₹19.72 crore for working capital, and the rest for general corporate purposes.
- Working capital requirements — ₹19.72 crore
- General corporate purposes — remaining proceeds
Lead Managers & Registrar
- Book Running Lead Manager: Finshore Management Services Ltd.
- Registrar to the Issue: Maashitla Securities Pvt. Ltd.
- Market Maker: Rikhav Securities Ltd.
The IPO is underwritten to the tune of 15% by Finshore Management, and 85% by Srujan Alpha Capital.
Promoters & Management
The promoters of the company are Mr. Sanjay Kumar Rathi and Mrs. Renu Rathi.
Company Address: Plot No. 48, Bhule Ram Colony, Block B, Gali No. 7, Rangpuri Extension, Palam Airport, South West Delhi, New Delhi, 110037
Company Details
The company operates as a carrying and forwarding agent, offering comprehensive logistics solutions that cover the entire supply chain, from the point of origin to the final point of destination, ensuring it meets the diverse needs of its customers and clients. As a Pan-India logistics provider operating through a network of 52 branch offices, it delivers integrated services, including freight forwarding and warehousing, to clients across various industries such as automotive, pharma, consumer durables, and textiles.
Sectors Served:
- Automotive
- Pharmaceuticals
- Consumer Durables
- Textiles
- Other B2B Industries
Key Capabilities:
- Specialized same-day air delivery solution, enabling consignments to be delivered within six hours of receiving a request.
- Comprehensive end-to-end logistics solutions, including clearing and forwarding, warehousing, distribution, and supply chain management, offering customers a single integrated service platform.
- GPS-based tracking systems for real-time consignment monitoring
Network / Reach:
The company has a pan-India presence through 52 branch offices across 17 states.
Certifications:
- ISO 9001:2015
- ISO 45001:2018
Financial Snapshot
| Period | Revenue (₹ Cr) | PAT (₹ Cr) |
| FY24 | ₹182.63 | ₹6.33 |
| FY25 | ₹201.62 | ₹8.69 |
Net profit rose 37.52% to ₹8.76 crore in FY25, while revenue from operations grew 10.73% to ₹200.97 crore.
Key Financial Metrics
- The asking price is at a P/E of 12.21 based on annualized FY26 earnings, and at a P/E of 11.76 based on FY25 earnings.
- The company has posted PAT margins of 1.74% (FY23), 3.51% (FY24), 4.36% (FY25), and 4.14% (9M-FY26), with ROCE margins of 22.04%, 30.93%, 33.54%, and 21.01% respectively for the referred periods.
- NAV stood at ₹48.71 per share as of December 31, 2025; post-IPO NAV is not disclosed in the offer documents.
- The company has not paid any dividends for the reported periods covered in the offer document and will adopt a prudent dividend policy based on future financial performance.
- Listed peers include Orissa Bengal Carrier, GB Logistics, and VRL Logistics, trading at P/E ratios of NA, 2.82, and 17.7 respectively (as of June 25, 2026).
Company Strengths
- Established presence in the logistics and transportation sector, with diversified service offerings across freight and supply chain solutions.
- Comprehensive, integrated logistics solution covering the entire supply chain — clearing, forwarding, warehousing, distribution — under a single platform, helping reduce client dependence on multiple vendors.
- Wide PAN-India network of 52 branch offices across 17 states, supporting strong customer reach.
- Long-standing relationships with clients across diverse industries and an experienced management team with sector expertise.
- Consistent revenue and profit growth with improving margins over recent fiscal years
- Specialized same-day air delivery offering, differentiating it from standard logistics competitors
Key Risks & Challenges
- Intense competition from both organized and unorganized players in the logistics industry.
- Dependence on transportation infrastructure and regulatory policies, which can affect operational efficiency.
- Working capital-intensive operations may affect cash flow management — a key reason the IPO proceeds are largely earmarked for working capital.
- Driver shortages and workforce-related challenges could impact day-to-day operations.
- Delays in fleet expansion or execution of growth plans may affect business performance, along with customer concentration risk that could impact revenue stability.
- Reliance on third-party technology and software solutions, including GPS-based tracking systems, for core logistics, transportation, and warehousing operations.
- Discrepancy between rising net profits and reportedly negative operating cash flows, along with no prior experience operating as a listed entity.
Disclaimer:
This document is for informational purposes only and should not be considered as investment advice. Investors should read the Red Herring Prospectus (RHP) carefully and consult a financial advisor before investing in any IPO. Market investments are subject to risk.
