Sunsky Logistics Limited IPO

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Business Activities

Sunsky Logistics Limited provides integrated logistics solutions, managing the movement of goods across the supply chain from origin to destination. The company specializes in third-party logistics (3PL) services, which include:

1. Ocean Freight Forwarding
2. Air Freight Forwarding
3. Project Cargo Handling
4. Customs Clearance
5. Door-to-Door Delivery
6. Inland Transportation

The company also handles project cargo, offering customized solutions for specialized equipment transport using multiple modes of transportation.

Licenses and Certifications

1. Multimodal Transport Operator (MTO) License obtained on December 7, 2021, enabling single and multimodal transportation services.
2. Ocean Transportation Intermediary (OTI) Certificate from the U.S. Federal Maritime Commission (FMC), strengthening operations in the U.S. market.

Global Operations

Sunsky Logistics operates internationally, serving countries such as USA, UAE, Oman, Uganda, Guatemala, Australia, and Iraq. The company has developed a global network of agents and works closely with multiple shipping companies to ensure efficient, timely deliveries and competitive freight rates. Membership in networks such as the World Shipping Alliance (WSA) and Bling Logistics Network Inc. helps secure customs clearance and local logistics support worldwide.

Competitive Strengths

i) Strong Customer Relationships: Long-standing connections with clients in sectors like FMCG, engineering, industrial goods, medical equipment, and retail, fostering loyalty and repeat business.
ii) Wide Range of Logistics Services: Offers comprehensive solutions including freight forwarding, customs clearance, transportation, and value-added services to enhance supply chain efficiency and visibility.
iii) Extensive Agency Network: Collaborates with agents and shipping lines across multiple countries, providing operational flexibility and favorable commercial terms.
iv) Promoter Expertise: Akash A Shah’s extensive experience in logistics, freight forwarding, and supply chain management enables tailored solutions and strategic growth.

Objects of the Sunsky Logistics Limited IPO:

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects: 1. Purchase of Flatbed Trailers (₹6.42 cr) 2. Prepayment or repayment of certain outstanding borrowings (₹3.50 cr) 3. To Meet Working Capital Requirements (₹2.75 cr) 4. General Corporate Purpose (₹2.51 cr)

Sunsky Logistics Limited IPO Details:

Open Date: Sep 30 2025
Close Date: Oct 03 2025
Total Shares: 36,60,000
Face Value: ₹ 2 Per Equity Share
Issue Type: Fixed Price
Issue Size: 16.84 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 46 Per Equity Share
Listing At: BSE SME
Listing Date: Oct 08 2026

Promoters And Management:

1. Akash A Shah (Chairman & Managing Director, Age 42): Promoter since 2020, he holds a B.Com and MBA in Marketing from Bundelkhand University, with 10+ years of experience in shipping, logistics, and transportation. He oversees business development and day-to-day operations of the company. 2. Shah Vaibhavi Akash (Non-Executive Director & Promoter, Age 39): She holds a B.Com and an MBA in Human Resources and Management from Bundelkhand University, with over 10 years of experience in insurance operations. 3. Akshay N Shah (Independent Director, Age 41): He holds a Diploma in Information Technology from Government Polytechnic, Ahmedabad, and has more than 7 years of experience in IT infrastructure management.

Financials of Sunsky Logistics Limited IPO:

Particulars 4M FY 2025-26 FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations (Cr) 8.29 22.04 14.77 19.34
EBITDA (Cr) 1.93 3.7 1.94 0.56
EBITDA Margins 23.53% 16.81% 13.19% 2.93%
PAT (Cr) 1.37 2.58 1.24 0.31
PAT Margins 16.53% 11.74% 8.45% 1.60%
ROCE 20.94% 59.34% 50.65% 30.67%
Debt to Equity Ratio(In Times) 0.67 0.45 0.89 1.53
Operating Cash Flows (Cr) -0.71 2.33 0.24 0.14

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Sunsky Logistics Limited 22.04 16.81% 11.74% 59.34% 0.45 57.20 22.17
Ashapura Logistics Limited 231 11% 5.19% 13.90% 0.48 108 8.8
Note: Forward P/E is 13.91 According to FY2026 PAT

Lead Manager of Sunsky Logistics Limited IPO:

  1. Nirbhay Capital Services Private Limited

Registrar of Sunsky Logistics Limited IPO:

  1. Kfin Technology Private Limited

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