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:

1. 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. 
2. The company plans to expand and modernise its transportation fleet by acquiring flatbed trailers, enhancing its logistics capabilities.
3. A portion of the funds will be used to repay or prepay certain outstanding loans, thereby reducing financial costs and strengthening the balance sheet.
4. The IPO proceeds will support day-to-day operational needs, ensuring the smooth functioning of logistics and supply chain activities.
5. Remaining funds will be used for general corporate purposes, not exceeding 15% of the issue proceeds or ₹10 crore, whichever is lower.
6. 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).

1. Contributes 13–14% to GDP and provides employment to over 22 million people, with projections to add 10 million more jobs by 2027.
2. Following the COVID-19 impact, the logistics sector rebounded strongly due to growth in manufacturing, services, and agriculture. 
3. Adoption of GPS, RFID, advanced analytics, and automation is enhancing operational efficiency, reducing costs, and improving competitiveness.
4. 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.
5. 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.
6. 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?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Sunsky Logistics IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. 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:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. 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

Sunsky Logistics IPO Lot Size Details

Sunsky Logistics IPO Promoter Holding

The promoters of Sunsky Logistics Limited are Akash A Shah and Shah Vaibhavi Akash.

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Key Performance Indicators for Sunsky Logistics IPO

Sunsky Logistics IPO Prospectus

• Sunsky Logistics IPO DRHP

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

Know before investing

Strengths

1. Strong relationships with a diverse customer base across FMCG, engineering, retail, medical equipment, and industrial goods, ensuring customer loyalty and long-term business.

2. 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.

3. 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.

4. Experienced promoter with over a decade of expertise in logistics and finance, offering strong industry insight and decision-making capabilities.

5. Procurement of flatbed trailers to strengthen fleet capabilities and meet the growing demand for faster and more reliable deliveries.

6. Transition from 3PL to 5PL (Fifth Party Logistics), offering end-to-end supply chain solutions with real-time visibility and risk management.

7. Accreditation with IATA Cargo Agent, enhancing credibility in international air cargo and giving access to a global network of airlines.

Risks

1. 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.

2. Top 10 customers accounted for 85.72% of revenue in FY25, showing high dependency.

3. 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.

4. Most operations are concentrated in Gujarat. Any regulatory, economic, or industry-specific changes in this region could adversely affect revenue and growth prospects.

5. 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.

6. 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.

7. 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.

Sunsky Logistics Peer Comparison