IPO Details
Bidding Dates
30 Sep '25 - 03 Oct '25
Minimum Investment
₹2,76,000/ Lots (6,000 shares)
Price Range
₹46
Maximum Investment
₹2,76,000/ Lots (6,000 shares)
Retail Discount
To be announced
Issue Size
₹16.84 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Sunsky Logistics IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Sep 30, 25
IPO Closing Date
Oct 03, 25
Basis of Allotment
Oct 06, 25
Initiation of Refunds
Oct 07, 25
IPO Listing Date
Oct 08, 25
Sunsky Logistics IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
|
Day 1Sep 29, 2025 |
0.01 | 0.03 | 0.02 |
About Sunsky Logistics IPO
Sunsky Logistics Ltd. is launching a fixed price IPO worth ₹16.84 crore, consisting entirely of a fresh issue of 0.37 crore shares. The IPO will open for subscription on September 30, 2025, and close on October 3, 2025, with the allotment expected to be finalised on October 6, 2025. The shares are proposed to be listed on the BSE SME platform on October 8, 2025. Priced at ₹46 per share, the IPO has a lot size of 3,000 shares. Retail investors need to invest a minimum of ₹2,76,000 (6,000 shares), while HNI investors must subscribe for at least 3 lots (9,000 shares) amounting to ₹4,14,000.
While the book running lead manager has not been appointed yet, Kfin Technologies Ltd. is acting as the registrar, and Rikhav Securities Ltd. will serve as the market maker.
Sunsky Logistics IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Sunsky Logistics Ltd. is raising funds through a fresh issue of 36,60,000 equity shares to strengthen its business operations, reduce debt, and support growth initiatives.
- The company plans to expand and modernise its transportation fleet by acquiring flatbed trailers, enhancing its logistics capabilities.
- A portion of the funds will be used to repay or prepay certain outstanding loans, thereby reducing financial costs and strengthening the balance sheet.
- The IPO proceeds will support day-to-day operational needs, ensuring the smooth functioning of logistics and supply chain activities.
- Remaining funds will be used for general corporate purposes, not exceeding 15% of the issue proceeds or ₹10 crore, whichever is lower.
- The deployment of funds is planned for the end of Financial Year 2026, although adjustments may be made depending on business needs, market conditions, or strategic priorities.
About Sunsky Logistics Limited
Sunsky Logistics Ltd., incorporated on July 5, 2020, is a comprehensive integrated logistics solutions provider. The company offers a range of third-party logistics (3PL) services, including freight forwarding, cargo handling, door-to-door distribution, multi-modal transport operations, and customs clearance.
In 2021, Sunsky obtained a Multimodal Transport Operator (MTO) license, enabling it to provide transportation services across rail, air, road, and sea. The company is also a member of the World Shipping Alliance (WSA) and Bling Logistics Network Inc., and in 2022, it received certification as an Ocean Transportation Intermediary (OTI) from the Federal Maritime Commission (FMC).
Sunsky handles project cargo logistics and, during FY2025, provided services to countries including the USA, Uganda, UAE, Oman, Guatemala, Australia, and Iraq. Its key services include ocean and air freight forwarding, project cargo handling, customs clearance, door-to-door delivery, and inland transportation. As of July 31, 2025, the company had 9 employees. Sunsky’s competitive strengths lie in its strong relationships with a diverse customer base, extensive range of logistics solutions, established agency networks, and the deep knowledge and expertise of its promoters.
Industry Outlook
The Indian logistics industry is a critical enabler of economic growth, facilitating the efficient movement of goods and services across the country. As India targets a GDP of US$ 5.5 trillion by 2027, modernising and expanding the logistics sector becomes essential. The industry supports diverse sectors, including manufacturing, agriculture, and e-commerce, and is undergoing transformation driven by technology adoption, infrastructure development, and government initiatives such as GST implementation and the National Logistics Policy (NLP).
- Contributes 13–14% to GDP and provides employment to over 22 million people, with projections to add 10 million more jobs by 2027.
- Following the COVID-19 impact, the logistics sector rebounded strongly due to growth in manufacturing, services, and agriculture.
- Adoption of GPS, RFID, advanced analytics, and automation is enhancing operational efficiency, reducing costs, and improving competitiveness.
- The industry operates across 2PL, 3PL, 4PL, and 5PL models, with 3PL being the most widely adopted. 4PL and 5PL providers manage and integrate entire supply chains, offering strategic oversight.
- Roadways dominate, accounting for 66% of freight tonnage, followed by railways (31%), seaways (3%), and airways (1%). Road transport supports last-mile delivery, essential for e-commerce growth, while infrastructure development improves connectivity and reduces transit times.
- Efficient logistics improve supply chain efficiency, connectivity, cost reduction, and global competitiveness, while fostering economic integration and facilitating trade.
How To Apply for the Sunsky Logistics IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Sunsky Logistics IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Sunsky Logistics IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Sunsky Logistics Limited
Sunsky Logistics Ltd.
T.F-316, I Square,
Nr. Shukan Mall Cross Road
Sola
Ahmedabad, Gujarat, 380060
- Phone: +91-9737166446
- Email: cs@sunskylogistics.com
- Website: http://www.sunskylogistics.com/
Sunsky Logistics IPO Reservation
|
Investor Category |
Shares Offered |
|
Market Maker Shares |
1,86,000 (5.08%) |
|
NII (HNI) Shares |
17,28,000 (47.21%) |
|
Retail Shares |
17,46,000 (47.70%) |
|
Total Shares Offered |
36,60,000 (100.00%) |
Sunsky Logistics IPO Lot Size Details
|
Application Type |
Lots |
Shares |
Amount |
|
Individual Investors (Retail) Min |
2 |
6,000 |
₹2,76,000 |
|
Individual Investors (Retail) Max |
2 |
6,000 |
₹2,76,000 |
|
HNI (Min) |
3 |
9,000 |
₹4,14,000 |
Sunsky Logistics IPO Promoter Holding
The promoters of Sunsky Logistics Limited are Akash A Shah and Shah Vaibhavi Akash.
|
Share Holding Pre-Issue |
95% |
|
Share Holding Post Issue |
67.05% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Sunsky Logistics IPO
|
KPI |
Values |
|
ROE |
79.42 % |
|
ROCE |
59.34 % |
|
Debt/Equity |
0.45 |
|
RoNW |
57.16 % |
|
PAT Margin |
11.74 % |
|
EBITDA Margin |
16.81 % |
|
Price to Book Value |
8.91 |
Sunsky Logistics IPO Prospectus
Sunsky Logistics IPO Registrar and Lead Managers
Sunsky Logistics IPO Lead Managers
- Nirbhay Capital Services Pvt.Ltd
Registrar for Sunsky Logistics IPO
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: sunsky.ipo@kfintech.com
Website: https://ipostatus.kfintech.com
Financial Performance of Sunsky Logistics Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|---|
| Assets (₹ crore) | 8.22 | 5.17 | 2.76 |
| Total Income (₹ crore) | 22.27 | 14.81 | 19.38 |
| Total Income (₹ crore) | 2.59 | 1.25 | 0.31 |
| Total Income (₹ crore) | 3.71 | 1.95 | 0.57 |
| Total Income(₹ crore) | 4.53 | 1.99 | 0.74 |
| Total Income (₹ crore) | 2.77 | 1.98 | 0.74 |
| Total Income (₹ crore) | 2.03 | 1.77 | 1.13 |
Know before investing
Strengths
7-
Strong relationships with a diverse customer base across FMCG, engineering, retail, medical equipment, and industrial goods, ensuring customer loyalty and long-term business.
-
Wide service portfolio covering ocean and air freight, project cargo, customs clearance, inland transportation, and door-to-door delivery, supported by an asset-light business model that improves flexibility and reduces costs.
-
Established international agency network with agents in countries like the USA, Australia, UAE, Germany, Iraq, Canada, and the UK, enabling global reach and efficient logistics management.
-
Experienced promoter with over a decade of expertise in logistics and finance, offering strong industry insight and decision-making capabilities.
-
Procurement of flatbed trailers to strengthen fleet capabilities and meet the growing demand for faster and more reliable deliveries.
-
Transition from 3PL to 5PL (Fifth Party Logistics), offering end-to-end supply chain solutions with real-time visibility and risk management.
-
Accreditation with IATA Cargo Agent, enhancing credibility in international air cargo and giving access to a global network of airlines.
Risks
7-
A significant portion of revenue comes from a few key customers. Loss of any major client, reduced demand, or financial difficulties faced by these customers could adversely impact business and financial performance.
-
Top 10 customers accounted for 85.72% of revenue in FY25, showing high dependency.
-
Fluctuations in freight rates, macroeconomic conditions, trade barriers, sanctions, exchange rates, natural disasters, or global crises (like pandemics or wars) can negatively affect operations and profitability.
-
Most operations are concentrated in Gujarat. Any regulatory, economic, or industry-specific changes in this region could adversely affect revenue and growth prospects.
-
Past 3 years have shown negative cash flow from investing and financing activities. Continued insufficient cash generation could limit growth, affect operations, or require external funding.
-
As of March 31, 2025, contingent liabilities stood at ₹9.46 Lakhs, which are not recognised in financial statements but could impact the financial position if realised.
-
Operations rely on third-party service providers, such as transporters, CHA agents, port authorities, and vendors. Disruptions, unsatisfactory performance, or termination of these relationships could adversely affect operations and profitability.
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Sunsky Logistics Peer Comparison
| Name of the company | Revenue from Operations (₹ in Lakhs) | EPS (Basic) (₹) | Return on Net Worth (%) | Net Worth (₹ in Lakhs) |
|---|---|---|---|---|
| Sunsky Logistics Limited | 2,204.37 | 2.95 | 57.16 | 452.54 |
| Ashapura Logistics Limited | 23,096.64 | 10.06 | 9.43 | 13,031.06 |
Sunsky Logistics IPO FAQs
The Sunsky Logistics IPO is a fixed-price public offering aiming to raise ₹16.84 crore by issuing 36.6 lakh equity shares at ₹46 each. The IPO opens on September 30, 2025, and closes on October 3, 2025.
The Basis of Allotment for the Sunsky Logistics IPO is expected to be finalised on Monday, October 6, 2025.
The Sunsky Logistics IPO subscription window will open on Tuesday, September 30, 2025.
Retail investors can subscribe to a minimum of 6,000 shares, which amounts to ₹2,76,000 based on the IPO price of ₹46 per share.
The Sunsky Logistics IPO is proposed to be listed on BSE SME with a tentative listing date of Wednesday, October 8, 2025.
The issue size of the Sunsky Logistics IPO is ₹16.84 crore, comprising a fresh issue of 36.6 lakh equity shares.
The Sunsky Logistics IPO will open for subscription on Tuesday, September 30, 2025, and will close on Friday, October 3, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Sunsky Logistics Limited’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Sunsky Logistics IPO 2 days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
The registrar of the Sunsky Logistics IPO is Kfin Technologies Ltd., which will handle the IPO allotment process and investor-related services.
The Sunsky Logistics IPO is proposed to be listed on the BSE SME.
