An integrated logistics and supply chain company with a Pan-India network plans to raise Rs 25.85 crore via the BSE SME platform.
Sampark India Logistics Ltd., an integrated logistics and supply chain management company offering freight forwarding, warehousing, distribution, and carrying and forwarding services, opens for subscription on June 30 with the issue closing on July 2. The company is listing on the BSE SME platform. All proceeds are a fresh issue flowing entirely to the company.
What the Company Does
Incorporated in 2012 and operating with over a decade of experience, Sampark India Logistics operates primarily as a Carrying and Forwarding (C&F) agent and provides transportation, warehousing, freight forwarding, inventory management, and distribution services across India. It has a Pan-India network of 52 branch offices spread across 17 states, and manages 8 leased warehouses totalling 1,24,500 sq ft located in Ambala, Roorkee, Hyderabad, Aurangabad, Chennai, Bengaluru, Nashik, and Bhiwandi. Clients span automotive, pharmaceuticals, consumer durables, and textile sectors.
Issue Details
| Particulars | Details |
|---|---|
| Issue Opens | June 30, 2026 |
| Issue Closes | July 2, 2026 |
| Listing | BSE SME (July 7, 2026) |
| Price Band | Rs 80 – Rs 84 per share |
| Face Value | Rs 10 |
| Issue Size | Rs 25.85 crore (100% Fresh Issue) |
| Lot Size | 1,600 shares (min 2 lots = 3,200 shares) |
| Min. Retail Investment | Rs 2,68,800 |
| BRLM | Finshore Management Services Ltd. |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Market Maker | Rikhav Securities Ltd. |
Financial Performance
| Particulars (Rs cr) | FY23 | FY24 | FY25 | 9M FY26 |
|---|---|---|---|---|
| Revenue | — | 182.63 | 201.62 | — |
| PAT | — | 6.33 | 8.69 | — |
| PAT Margin | 1.74% | 3.51% | 4.36% | 4.14% |
| RoCE | 22.04% | 30.93% | 33.54% | 21.01% |
Revenue has grown consistently and PAT margins have expanded meaningfully from 1.74% in FY23 to 4.36% in FY25 — a genuine structural improvement in a logistics business, where margins are characteristically thin. At the upper band of Rs 84, the P/E is approximately 12.21x on annualised FY26 earnings and 11.76x on FY25 earnings — relatively modest valuations that compare favourably to many other SME issues in this batch. RoCE at 33.54% in FY25 is healthy, though the 9M FY26 RoCE deceleration to 21.01% warrants monitoring.
BRLM Track Record. Finshore Management is not that good record — of its last 10 listings, 6 opened at a discount and 2 at par.
Risks to Consider
The logistics sector is competitive and working-capital intensive, with thin margins susceptible to fuel price increases, driver shortages, and tolling cost changes. Customer concentration in sectors like automotive and pharma means business can be lumpy and vulnerable to sector-specific slowdowns. All warehouses are leased — there is no owned real estate, which limits collateral value and creates lease renewal exposure.
Analyst View
Analysts note that the company posted growth in its top and bottom lines for the reported periods, with the P/E at the issue price appearing modest by recent SME standards. The issue appears fully priced based on recent earnings, as per analysts.