Repono Ltd, a Mumbai-based logistics solutions provider specializing in the petrochemical and oil sectors, opened its ₹26.68 crore IPO today. The issue, fully a fresh offer, will close on July 30. With a GMP of ₹21, the issue signals healthy investor interest ahead of its tentative BSE SME listing on August 4.
Repono Ltd, incorporated in 2017 and headquartered in Mumbai, operates in the warehousing and logistics sector, serving niche industries such as oil & gas, petrochemicals, ethanol, and lubricants. The company offers end-to-end services across consulting, EPC, transport, warehouse construction, and operational management. Recognized as one of India’s top 10 3PL logistics providers by Industry Outlook, Repono has built a sector-focused logistics ecosystem with a workforce of 381 employees as of October 2024.
IPO Key Details:
- IPO Dates: July 28–July 30, 2025
- Total Issue Size: 27.79 lakh shares (₹26.68 crore)
- Issue Type: 100% Fresh Equity
- Price Band: ₹91–₹96 per share
- Face Value: ₹10 per share
- Lot Size: 1,200 shares
- Minimum Investment (Retail): ₹2.30 lakh (2 lots)
- Minimum Investment (HNI): ₹3.45 lakh (3 lots)
- Listing Platform: BSE SME
- Tentative Listing Date: August 4, 2025
- Lead Manager: Wealth Mine Networks
- Registrar: Cameo Corporate Services
- Market Maker: JSK Securities
Grey Market Premium (GMP):
The IPO is currently commanding a grey market premium of ₹21, implying a listing price estimate of ₹117, or roughly 22% above the upper issue price, pointing to strong pre-listing sentiment.
Financial Overview:
For FY25, Repono reported a revenue of ₹51.59 crore, a 51% year-on-year growth, and a profit after tax (PAT) of ₹5.15 crore—up 23% YoY. Its return on equity (ROE) stood at a robust 44.22%, while EBITDA margin reached 15.91%. The company maintains a conservative capital structure with a debt-to-equity ratio of 0.43.
At the upper end of the price band, the IPO is valued at a post-issue P/E ratio of 19.16x and a price-to-book (P/B) of 5.06x, reflecting a moderate-to-premium valuation given its specialized domain and growth trajectory.
Use of Proceeds:
Repono plans to utilize the IPO funds to procure equipment, implement a warehouse racking system, develop proprietary warehouse management software, and meet working capital requirements.
How to Check Repono IPO Allotment Status:
Once the allotment is finalized, investors can check their IPO status on the Cameo Corporate Services IPO allotment portal. To check the status:
- Visit the above link
- Select Repono Ltd from the dropdown menu
- Enter your PAN, application number, or DP Client ID
Submit the form to view your allotment details
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