Sampark India Logistics Limited

Sampark India Logistics Limited was incorporated in 2012 and operates as a carrying and forwarding agent providing end-to-end logistics services across India through a network of 50 branch offices spread across 18 states.

The company owns a fleet of 56 commercial vehicles and offers both Full Truckload (FTL) and Less-than-Truckload (LTL) transportation services. It manages eight leased warehouses with a combined storage area of 1,24,500 sq. ft. located in Ambala, Roorkee, Hyderabad, Aurangabad, Chennai, Bangalore, Nashik and Bhiwandi. Freight operations contribute 91.2% of FY25 revenue. The company uses GPS-based tracking and same-day air delivery services for technology-enabled operations. As of April 30, 2026, the company had 344 employees. Promoters Mr. Sanjay Kumar Rathi and Mrs. Renu Rathi hold 97.78% pre-IPO stake, reducing to 71.94% post-IPO.

The issue is entirely a fresh issue of 32,40,000 equity shares aggregating to ₹27.22 Cr at a price band of ₹80 to ₹84 per share, implying a pre-issue market cap of ₹102.97 Cr, listing on BSE SME on July 7, 2026.

Proceeds will primarily fund working capital requirements (₹19.72 Cr) and general corporate purposes. At the upper band, the IPO is valued at a post-issue P/E of 12.22x FY25 earnings, broadly in line with listed logistics peers. Key strengths include pan-India presence across 18 states, technology-enabled operations with GPS tracking, comprehensive FTL and LTL services and established B2B relationships across multiple industries; key risks include thin PAT margins of 4.36%, high promoter concentration pre-IPO at 97.78%, minimum retail bid of 2 lots (₹2,68,800) limiting retail participation and recent sector peers posting weak listing performances.