In 2025, India’s IPO market continues to attract investors looking for niche sector opportunities. Sunsky Logistics Limited, an integrated logistics solutions provider, is set to open its IPO on September 30, 2025, offering a chance to participate in a company that caters to both domestic and international logistics operations.
About Sunsky Logistics Ltd.
Incorporated on July 5, 2020, Sunsky Logistics Ltd. offers third-party logistics services, including:
- Freight forwarding (ocean and air)
- Cargo handling and project cargo services
- Door-to-door distribution and inland transportation
- Custom clearance and multimodal transport
The company holds a Multimodal Transport Operator (MTO) license and an Ocean Transportation Intermediary (OTI) certificate from the U.S. Federal Maritime Commission. It serves countries including the USA, Uganda, the UAE, Oman, Guatemala, Australia, and Iraq.
Competitive Strengths:
- Strong relationships with a diverse customer base
- Wide range of logistics services and solutions
- Established agency network and arrangements
- Experienced promoters with domain expertise
As of July 31, 2025, the company employs 9 people.
Sunsky Logistics IPO Details
The Sunsky Logistics IPO is a fixed price issue of ₹16.84 crore, entirely a fresh issue comprising 0.37 crore shares, to be listed on BSE SME.
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Sep 30, 2025 |
| IPO Close Date | Oct 3, 2025 |
| Tentative Allotment | Oct 6, 2025 |
| Initiation of Refunds | Oct 7, 2025 |
| Credit of Shares to Demat | Oct 7, 2025 |
| Tentative Listing Date | Oct 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 3, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹2 per share |
| Issue Price | ₹46 per share |
| Lot Size | 3,000 shares |
| Total Issue Size | 36,60,000 shares (₹16.84 Cr) |
| Sale Type | Fresh Capital |
| Reserved for Market Maker | 1,86,000 shares (₹0.856 Cr) |
| Net Offered to Public | 34,74,000 shares (₹15.98 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 87,75,000 shares |
| Shareholding Post-Issue | 1,24,35,000 shares |
Investor Category Reservation:
| Investor Category | Shares Offered |
| Market Maker | 1,86,000 (5.08%) |
| NII (HNI) | 17,28,000 (47.21%) |
| Retail | 17,46,000 (47.70%) |
| Total | 36,60,000 (100%) |
Lot Size & Investment:
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 6,000 | ₹2,76,000 |
| Retail (Max) | 2 | 6,000 | ₹2,76,000 |
| HNI (Min) | 3 | 9,000 | ₹4,14,000 |
Promoter Holding:
The promoters are Akash A Shah and Shah Vaibhavi Akash.
- Pre-IPO: 95%
- Post-IPO: 67.05%
Registrar: Kfin Technologies Ltd.
Market Maker: Rikhav Securities Ltd.
Sunsky Logistics Ltd.: Financials
Financial Highlights (₹ Crore):
| Period Ended | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 12.31 | 8.22 | 5.17 | 2.76 |
| Total Income | 8.45 | 22.27 | 14.81 | 19.38 |
| Profit After Tax | 1.37 | 2.59 | 1.25 | 0.31 |
| EBITDA | 1.94 | 3.71 | 1.95 | 0.57 |
| Net Worth | 5.90 | 4.53 | 1.99 | 0.74 |
| Reserves & Surplus | 4.14 | 2.77 | 1.98 | 0.74 |
| Total Borrowing | 3.93 | 2.03 | 1.77 | 1.13 |
Key Performance Indicators (FY2025):
| KPI | Values |
| Market Capitalisation | ₹57.20 Cr |
| 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 |
| EPS Pre-IPO (₹) | 2.95 |
| EPS Post-IPO (₹) | 3.31 |
| P/E Pre-IPO (x) | 15.6 |
| P/E Post-IPO (x) | 13.91 |
Objects of the Issue
The IPO proceeds are proposed to be utilised as follows:
| Object | Amount (₹ Crore) |
| Purchase of Flatbed Trailers | 6.42 |
| Prepayment/repayment of borrowings | 3.50 |
| Working Capital Requirement | 2.75 |
| General Corporate Purpose | 2.52 |
Industry Outlook
The logistics sector in India is poised for growth, driven by:
- Rising demand for multimodal transportation services
- Government initiatives promoting logistics efficiency
- Growth in international trade and e-commerce
- Increasing project cargo and specialised freight handling requirements
Sunsky Logistics’ integrated services, multimodal capabilities, and international presence position it to benefit from this expanding market.
Sunsky Logistics IPO: Peer Comparison
Sunsky Logistics IPO can be compared with peers like Allcargo Logistics Ltd, Gateway Distriparks Ltd, VRL Logistics Ltd, Transport Corporation of India Ltd, and Blue Dart Express Ltd. Reviewing these companies helps investors gauge Sunsky Logistics’ position in the logistics and supply chain sector and make informed decisions.
Conclusion
Sunsky Logistics IPO presents a niche opportunity for investors to participate in a growing logistics company with diversified services and international operations. Its robust promoter background, limited competition in certain specialised logistics segments, and consistent financial growth make it appealing. However, investors should consider risks such as reliance on a small workforce, client concentration, and potential regulatory changes in logistics operations.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
