Sampark India Logistics files DRHP for IPO, net profit rises 37.5%
Sampark India Logistics Limited filed its DRHP for an IPO to raise ₹19.72 crore for working capital. Net profit rose 37.52% to ₹8.76 crore in FY25, while revenue grew 10.73% to ₹200.97 crore. The IPO opens on 30-Jun-2026, with listing set for 07-Jul-2026.
*this image is generated using AI for illustrative purposes only.
Sampark India Logistics Limited filed its Draft Red Herring Prospectus (DRHP) to raise funds through an Initial Public Offering (IPO), aiming to support its working capital requirements. The New Delhi-based logistics provider reported a 37.52% increase in net profit to ₹8.76 crore in FY25, while revenue from operations grew 10.73% to ₹200.97 crore. The IPO is scheduled to open on 30-Jun-2026 and close on 02-Jul-2026, with listing expected on 07-Jul-2026.
The company intends to utilise ₹19.72 crore of the net proceeds to meet working capital requirements, citing the working capital-intensive nature of its business. The total issue size and price band were not disclosed in the DRHP. Sampark India Logistics operates as a carrying and forwarding agent, offering end-to-end logistics solutions including freight forwarding, warehousing, and inventory management across 18 states.
Financial Performance
Sampark India Logistics demonstrated consistent profitability growth over the past three fiscal years. Net profit increased from ₹3.28 crore in FY23 to ₹6.37 crore in FY24, and further to ₹8.76 crore in FY25. Revenue from operations stood at ₹188.17 crore in FY23, dipped to ₹181.49 crore in FY24, and recovered to ₹200.97 crore in FY25. For the nine months ended 31-Dec-25, the company recorded a revenue of ₹152.88 crore and a net profit of ₹6.32 crore.
| Particulars | FY2023 (₹ Cr) | FY2024 (₹ Cr) | FY2025 (₹ Cr) | 9M FY2026 (₹ Cr) |
|---|---|---|---|---|
| Revenue from Operations | 188.17 | 181.49 | 200.97 | 152.88 |
| Total Revenue | 188.18 | 182.63 | 201.62 | 153.24 |
| Total Expenses | 179.81 | 169.34 | 184.73 | 139.84 |
| Profit Before Tax | 4.21 | 8.71 | 12.30 | 8.55 |
| Net Profit | 3.28 | 6.37 | 8.76 | 6.32 |
Operational Metrics and Risks
The company manages a network of 50 branch offices, 56 owned commercial vehicles, and 8 warehouses spanning 1,24,500 sq. ft. Its operations are ISO 9001:2015 and ISO 45001:2018 certified. A key differentiator is its Quicker Smart Service (QSS), offering same-day air delivery within 6 hours.
Despite the growth in profitability, the DRHP highlights material risks. The company reported negative operating cash flows in FY23 (-₹0.27 crore), FY24 (-₹1.07 crore), and the nine months ended 31-Dec-25 (-₹1.46 crore). Additionally, it holds unsecured loans of ₹1,455.70 lakhs that are callable at any time without formal agreements. Trade receivables stood high at ₹9,180.11 lakhs as of 31-Dec-2025.
Management and Objects of the Issue
The IPO consists of a fresh issue; there is no Offer for Sale. The leadership team includes Sanjay Kumar Rathi as Managing Director and Renu Rathi as CEO. The DRHP notes that none of the promoters or key management personnel have prior experience managing listed companies. Funds raised will also be directed towards general corporate purposes, though the specific allocation for this remains undisclosed.
How will the company address the discrepancy between rising net profits and persistent negative operating cash flows post-IPO?
What strategies will management implement to reduce high trade receivables and improve working capital cycles?
Given the lack of prior experience with listed entities, how does the leadership plan to ensure compliance with regulatory requirements?
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