Repono IPO opens for subscription: Check GMP, price band and other details
The issue, entirely a fresh equity offer of 27.79 lakh shares, will close on Wednesday with a tentative listing scheduled on the BSE SME platform for August 4.
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Price Band and GMP
The IPO is priced in a band of Rs 91 to Rs 96 per share, with a lot size of 1,200 shares. Retail investors must apply for a minimum of two lots (2,400 shares), amounting to Rs 2.30 lakh at the upper band. For HNIs, the minimum application is three lots (3,600 shares) at Rs 3.45 lakh.
According to market sources, the grey market premium (GMP) for the
Repono IPO
stood at Rs 21, indicating a 22% listing premium over the upper band price.
Business Overview
Incorporated in 2017, Repono operates across consulting, EPC, transportation, and warehouse operations, catering primarily to clients in the oil & gas, petrochemical, ethanol, and lube oil segments. The company was recently named among the top 10 3PL logistics providers in India by Industry Outlook magazine.
Its core strength lies in delivering end-to-end solutions across the hydrocarbon value chain — from warehouse and terminal design to transport and project execution. The company had 381 employees on its rolls as of October 2024.
Financial Highlights
Repono posted FY25 revenue of Rs 51.59 crore, a 51% jump YoY, while PAT rose 23% to Rs 5.15 crore. The company boasts a healthy ROE of 44.22%, EBITDA margin of 15.91%, and a low debt/equity ratio of 0.43.
At the upper price band, the IPO is valued at a P/E of 19.16x (post-issue EPS), and a Price-to-Book of 5.06x, signaling a moderate-to-premium valuation given its sectoral niche.
Use of ProceedsRepono will deploy IPO proceeds towards equipment purchases, setting up a warehouse racking system, developing warehouse software, and working capital needs.
Wealth Mine Networks is the lead manager, while Cameo Corporate Services is the registrar and JSK Securities is the market maker.
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