Apana Logistics Ltd IPO

Diverse service offering and customer base.

Ability to participate in tenders.

Assured quality services.

Track record of growth and profitability.

Promoters experience and track record.

The company depends on a limited number of key customers for a majority of its revenues, which exposes the company to a high risk of customer concentration. A decrease in the revenues its derives from them could materially and adversely affect the companys business, results of operations, cash flows and financial condition.

The company depends on its network partners, third-party service providers and vendors/suppliers in certain aspects of the company operations and unsatisfactory services provided by them or failures to maintain relationships with them could disrupt its operations.

The company is unable to trace some of its historical records including minutes of the Board and Shareholders meetings and corresponding form filings. While the company has conducted a search with the RoC, in respect of the unavailability of such forms and other records, its cannot assure you that such forms or records will be available at all or any time in the future. Further there have been certain instances of non-compliances in respect of ROC filing or payments. Any penalty or action taken by any regulatory authorities in future for non-compliance with provisions of all applicable law and other law could impact on the financial position of the Company to that extent. Further, few form are not available in the company records.

Significant portion of the companys revenue from operations for the period ended Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively are from related parties. Further, the company has in the past entered into other related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with its shareholders and Directors.

The company is dependent on the performance of industries in which its customers operates, particularly Container Freight Station (CFS) and Inland Container Depots (ICD), and fluctuations in the performance of such industries may result in a loss of such customers, a decrease in the volume of work the company undertake or the price at which its offer the company services.

Certain of the companys Directors are involved in one or more ventures which are in the same line of business as that of the Company.

The company operations are dependent on functioning of its vehicles and material handling equipments and any breakdown, mishaps or accidents could result in a loss or slowdown in operations and could also cause damage to life and property.

There may be delays or defaults in payment by the companys customers or the tightening of payment periods by third- party service providers which could negatively affect its cash flows. As a result, the company experience significant working capital requirements and its inability to meet the companys working capital requirements may materially and adversely affect its business, cash flows and financial condition.

The company currently does not hold any registered Intellectual Property Rights in its name, and this may effect the companys ability to obtain,maintain, protect, or enforce its intellectual property and other proprietary rights.

The companys business is operating under various laws which requires it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the companys inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the companys business, prospects, results of operations and financial condition.