Categories: IPO Review

Neptune Logitek IPO Review: Good or Bad?

neptune logitek ipo review: good or bad?

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India’s equity markets have seen an extraordinary rise in IPO activity over the last five years.

IPO fundraising jumped from ₹12,985 crore in 2019 to ₹1.19 lakh crore in 2021.The momentum continues in 2025—94 mainboard IPOs have raised over ₹1.54 lakh crore, with:

64 positive listings
30 negative listings
Average listing gain: 9.47%

This review focuses on the Neptune Logitek IPO—its business, strengths, and risks—and explains how retail investors can design their equity portfolio.

Neptune Logitek IPO Review – Company Overview

Neptune Logitek Private Limited (NLPL), founded in 2012 and headquartered in Gandhidham, Gujarat, provides integrated logistics and supply chain solutions.

It operates across road, rail, sea, and air freight, offering end-to-end services such as documentation, tracking, customs coordination, and handling of specialised cargos.

The company operates a fleet of 190+ trailers across key locations like Gujarat, Chennai, and Tuticorin, supporting major domestic trade routes.

Neptune Logitek IPO Issue Details

IPO Size	₹46.62 crore (entirely fresh issue)
Price	₹126 per share
Open	Dec 15, 2025
Close	Dec 17, 2025
Listing	BSE SME (Dec 22, 2025)
Minimum Investment	1 lot = 1,000 shares → ₹2,52,000 (retail)

Lead Manager	Galactico Corporate Services
Registrar	Bigshare Services
Market Maker	Asnani Stock Broker

Objective of the Neptune Logitek IPO Issue

The Neptune Logitek Company proposes to utilise the Net Proceeds from the Issue towards funding the following objects

Purchase of trucks and logistics equipment
Loan repayment
General corporate purposes

Strengths of Neptune Logitek IPO

Customised logistics solutions tailored to diverse industry requirements
End-to-end freight forwarding, simplifying global trade for clients
Scalable service model supporting both small and large businesses
Expertise in trade regulations, ensuring smooth cross-border movement
Strong global partner network across major trade routes

Weaknesses / Risks of Neptune Logitek IPO

Heavy dependence on a few key suppliers
High customer concentration—loss of a major client can impact revenue
Vulnerability to freight rate fluctuations and trade slowdowns
Dependence on third-party service providers
Exposure to rising fuel costs
Cargo isn’t verified by NLPL—potential regulatory and legal risks

Neptune Logitek IPO Key Performance Indicators

KPI	Value
ROE	14.89%
ROCE	21.25%
Debt/Equity	2.91
RoNW	45.89%
PAT Margin	3.56%
EBITDA Margin	8.31%
P/B	6.32

	Pre IPO	Post IPO
EPS Rs	9.16	7.04
P/E (x)	13.76	17.9
Promoter Holding	99.99%	72.99%

Neptune Logitek IPO Financials Snapshot (₹ Cr) Review

Particulars	FY25	FY24	FY23
Assets	122.94	95.24	74.51
Revenue	260.74	175.76	187.71
PAT	9.16	0	-0.18
Total Borrowings	58	62.48	38.2

IPO Investing – Is It the Right Long-term Strategy?

IPOs attract massive interest, but they are inherently volatile and lack historical price data. Listing-day movements can be unpredictable—with nearly 1 out of 3 listings turning negative in 2025.

Key reminders:

IPOs should not be the only investment focus.
Never invest money you cannot afford to lose.
Avoid leveraging or using borrowed funds for IPOs.

Retail investors often face low allotment odds in quality issues, leading to blocked capital and frustration.
A smarter path is to gain IPO exposure through equity mutual funds.

Mutual Fund Alternatives to Direct IPO Investing

1. Thematic Equity Funds – IPO Funds

IPO-focused schemes invest in the top 100 recently listed or upcoming IPOs, aiming to capture:

Listing gains
Post-listing growth
Exposure to new-age businesses

These funds:

Invest selectively in high-quality IPOs
Maintain diversification
Access anchor and QIB quotas (higher allocation than retail)
Use research-driven selection instead of hype

Suitable for:
Investors who want IPO exposure but lack time or expertise to analyse each issue.

Examples:

Edelweiss Recently Listed IPO Fund
Mirae Asset BSE Select IPO ETF / ETF FoF
Motilal Oswal BSE Select IPO ETF

2. Other Equity Mutual Funds (Diversified Funds)

Diversified equity funds indirectly gain exposure to strong IPOs based on the fund manager’s assessment. They offer:

Professional research
Better risk management
Tax-efficient long-term investing
Broad diversification beyond newly listed companies

Compared to direct IPO investing—which is concentrated and high-risk—equity funds provide a smoother, more disciplined path to wealth creation.

Why Mutual Funds May Work Better Than IPO Chasing

No need to apply for dozens of IPOs with uncertain allotment
No capital blockage
Professional research filters out weak or overpriced IPOs
Investments align with long-term compounding principles
Automatically gain exposure to India’s emerging companies

Direct IPO investing brings excitement, but mutual funds convert opportunity into a structured wealth-building approach.

Final Takeaway of Neptune Logitek IPO

IPOs offer attractive opportunities, but they also carry significant uncertainty and require careful evaluation. For most retail investors, a portfolio-based approach through mutual funds offers a better balance of risk, return, and peace of mind.

Mutual fund managers assess business models, valuations, and long-term potential before entering any newly listed company.

By delegating research and decision-making to professionals, investors can participate confidently in India’s IPO growth story—without chasing allotments or navigating volatility.

Real wealth lies not in catching every IPO, but in investing consistently through equity mutual funds that combine research, diversification, and long-term growth potential.