Infraprime Logistics Technologies Ltd., a technology-driven logistics solutions provider specializing in heavy-duty transport and electric vehicle integration, has filed its Draft Red Herring Prospectus (DRHP) with BSE’s SME platform, securing in‑principle approval for its upcoming IPO.
Company Profile & Operations
Founded in 2017 and headquartered in Gurugram, Infraprime operates across sectors like infrastructure, construction, steel, cement, and mining, offering asset-light trucking and logistics services enhanced by technology. It also has a global presence through its Singapore-based subsidiary, Next‑Gen Logistics Technologies Pte Ltd.
Issue Structure & Objectives
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Issue Size: Up to 39.66 lakh fresh equity shares (face value ₹10), entirely through a book-built structure with no offer-for-sale.
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Use of Proceeds: Funds will be used for:
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Security deposits for finance leasing of trucks and trailers
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Enhancing the company’s technology infrastructure
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Fulfilling working capital needs
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General corporate purposes
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Financial Snapshot
For FY24 (ended March 2024):
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Revenue: ₹109.73 crore
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EBITDA: ₹24.45 crore
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PAT: ₹15.26 crore
For H1 FY25 (ended September 2024):
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Revenue: ₹61.53 crore
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EBITDA: ₹13.42 crore
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PAT: ₹7.70 crore
Comparable listed peers include Premier Roadlines Ltd. (P/E 8.9×) and AVG Logistics Ltd. (P/E 21.8×) in the SME logistics space.
Strategic Position & Growth Outlook
EV Integration & Technology Focus
Infraprime differentiates itself through planned integration of electric vehicles into its fleet, aligned with rising sustainability trends. Its technology-first approach includes logistics tracking, scheduling platforms, and operational transparency.
Asset-Light Efficiency
Operating via leased trucks and trailers under finance leases, the firm avoids heavy capital outlay and can scale flexibly across markets.
Industry Tailwinds
With India’s logistics sector projected to grow rapidly—fueled by projects like PM Gati Shakti, the National Logistics Policy, and rising industrial demand—the market size is estimated to reach $517 billion by 2030 with a CAGR of 8.5%.
Risks & Considerations
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Scaling Challenges: Growth hinges on managing lease obligations and EV rollout costs efficiently.
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Competition & Consolidation: Fragmented logistics market and rising 3PL platforms may pressure margins.
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Financial Sustainability: Though profitable recently, continued operational discipline will be key to sustaining margins.
Market Context & Timing
100% of the issue is fresh capital, underscoring Infraprime’s growth ambitions—particularly around fleet expansion and technology investments. The company has received in‑principle BSE SME listing approval, with Book Running Lead Manager (BRLM) as Beeline Capital Advisors Pvt Ltd and Registrar as MAS Services Ltd.
Conclusion
Infraprime Logistics Technologies’ SME IPO sets the stage for an ambitious logistics firm blending EV integration and platform-driven efficiencies. Its asset-light structure and focus on heavy-duty tech-enabled operations position it well. With capital expected to support expansion and modernization, the firm aims to capture growth in India’s organized logistics domain. Investors should watch listing pricing, subscription momentum, and long-term earnings consistency before taking a position.
