Neptune Logitek Shares Debut on BSE SME Platform

Neptune Logitek made its market debut on the BSE SME platform on Monday, December 22, 2025. The shares opened at Rs 100.80, listing 20% below the IPO price of Rs 126, signaling a weak start for the company’s public issue.

The IPO was a fixed-price issue worth ₹46.62 crore, comprising entirely a fresh issue aimed at raising capital for business expansion, operational efficiency, and corporate purposes. The subdued listing was further indicated by a nil grey market premium, showing modest investor enthusiasm ahead of the debut.

IPO Details

Neptune Logitek’s IPO was structured as follows:

• IPO Size: ₹46.62 crore

• Issue Type: Fresh issue (no offer for sale)

• IPO Price: Rs 126 per share

• Listing Platform: BSE SME

• Market Response: Nil grey market premium, listing at a 20% discount

The fresh capital raised through this IPO will help Neptune Logitek fund strategic expansion plans, enhance operational capacities, and invest in new technologies and infrastructure, enabling the company to strengthen its position in the IT and technology solutions sector.

Market Reaction

The 20% discount at listing indicates a muted market response. The grey market premium being nil suggested that retail and institutional investors were cautious, possibly due to market sentiment or valuation concerns.

Experts note that SME IPOs often see price fluctuations at debut, reflecting demand-supply mismatches, investor expectations, and prevailing market conditions. Despite the initial discount, long-term performance will depend on the company’s business fundamentals, revenue growth, and execution of expansion plans.

Company Overview

Neptune Logitek is engaged in IT solutions, software services, and technology-driven logistics solutions, catering primarily to domestic and international clients. The IPO proceeds are expected to be used for:

• Strengthening working capital

• Expanding IT infrastructure and service offerings

• Funding business growth and strategic projects

• General corporate purposes

The company aims to leverage the IPO funds to capture emerging opportunities in the IT and logistics tech space while enhancing operational efficiency and client delivery capabilities.

Conclusion

Neptune Logitek’s IPO debut on the BSE SME platform saw shares list at Rs 100.80, 20% below the IPO price of Rs 126. While the listing was subdued with a nil grey market premium, the IPO provided the company with a fresh capital infusion of ₹46.62 crore to support growth plans and operational expansion.

Investors keen on the SME IPO segment may monitor the stock’s performance in the coming weeks, as Neptune Logitek works to translate its IPO proceeds into tangible business growth.

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