Repono IPO Opens: Logistics Player Targets Rs 26.68 Crore Raise

Repono Ltd, a Navi Mumbai-based logistics and warehousing firm, has launched its Rs 26.68 crore SME IPO today, July 28, with strong investor interest and a grey market premium of Rs 21. The issue will close on July 30 and is set to list on the BSE SME platform by August 4.

Key Offer Details:

- Price band: Rs 91–96 per share

- Lot size: 1,200 shares; minimum retail investment: Rs 2.30 lakh

- Fresh issue of 27.79 lakh equity shares

- Anchor investors have already committed Rs 7.6 crore

Use of Proceeds:

- Capital expenditure for forklifts, pallet trolleys, reach stackers

- Warehouse racking system setup and software development

- Working capital and general corporate purposes

Business Snapshot:

- Incorporated in 2017, Repono specializes in warehousing and liquid terminal solutions for oil and petrochemical clients

- Operates advanced FFS polymer packaging lines and manages Asia’s largest lube oil plant (IOCL Chennai)

- Offers end-to-end services across consulting, EPC, transportation, and operations

Financial Highlights:

- FY25 revenue: Rs 51.59 crore (up 51% YoY)

- PAT: Rs 5.15 crore

- ROE: 44.22%, EBITDA margin: 15.91%, debt/equity ratio: 0.43

- Post-issue P/E: 19.16x, Price-to-Book: 5.06x

Market Sentiment:

- GMP of Rs 21 suggests a 22% premium over the upper price band

- Strong fundamentals and sectoral niche position Repono as a promising logistics play

Sources: Economic Times, Business Standard, PTI, IPO Watch, Chittorgarh, Rediff Money.