Repono Sets IPO Price Band At Rs 91–96 As It Targets Rs 26.6 Crore Raise

Image Source : The Hindu Business Line

Repono Limited, a Navi Mumbai-based warehousing and liquid terminal solutions provider, has announced the price band for its upcoming SME initial public offering at Rs 91–96 per share. The IPO, which opens for subscription on July 28 and closes on July 30, aims to raise Rs 26.6 crore through a fresh issue of 27.79 lakh equity shares. The company’s shares will be listed on the BSE SME platform, marking a significant milestone in its growth journey.

IPO Structure And Objectives

The IPO is entirely a fresh issue, with no offer-for-sale component. The anchor portion opened on July 25, attracting Rs 7.6 crore from institutional investors. The remaining shares are allocated across qualified institutional buyers, non-institutional investors, retail investors, and market makers.

Key highlights from the offering:

Lot size is set at 1,200 shares, with a minimum investment of Rs 2.18 lakh for retail investors
Wealth Mine Networks is the sole book-running lead manager
Cameo Corporate Services is the registrar to the issue
Tentative listing date is August 4, 2025

The net proceeds will be used for capital expenditure, including the purchase of forklifts, reach stackers, and warehouse racking systems. Funds will also support the development of warehouse management software, working capital needs, and general corporate purposes.

Company Profile And Market Position

Founded in 2017, Repono has carved a niche in India’s oil and petrochemical logistics sector. It offers 360-degree warehousing, secondary transportation, and operations and maintenance services for crude oil terminals, petrochemical hubs, and specialty chemical warehouses. The company operates India’s most advanced FFS polymer packaging lines and manages Asia’s largest lube oil plant in Chennai for IOCL.

Repono’s business segments include:

Consulting for feasibility, logistics, and CAPEX/OPEX planning
Design and automation of oil terminals and warehouse systems
EPC services for warehousing and logistics infrastructure
Operations and maintenance of petroleum assets
Freight forwarding and project cargo movement

In FY25, Repono reported revenue of Rs 51.11 crore and a profit after tax of Rs 5.15 crore. Its EBITDA margin stood at 15.91 percent, with a return on equity of 44.22 percent and a debt-to-equity ratio of 0.43, indicating strong financial health and operational efficiency.

Strategic Outlook And Industry Trends

Repono’s IPO comes at a time when India’s oil and petrochemical logistics sector is undergoing rapid transformation. Rising industrial demand, infrastructure investments, and a shift toward organized, tech-enabled supply chains are driving growth. The company aims to leverage its IPO proceeds to scale operations, enhance service capabilities, and deepen its presence in key markets.

The IPO also reflects broader trends in SME listings, where niche players are tapping public markets to fund expansion and improve governance. Repono’s focus on technology, safety, and customer-centric solutions positions it well to capitalize on these shifts.

Final Takeaway

Repono’s IPO is more than a capital raise—it is a strategic move to strengthen its infrastructure, expand its footprint, and reinforce its leadership in a fast-evolving logistics landscape. With robust financials, a clear growth roadmap, and strong institutional backing, the company is poised to make a meaningful impact in the SME segment and beyond.

Sources: Economic Times, The Hindu Business Line, FinTech BizNews, MSN India, Chittorgarh, Smart Investment, New IPO Info