Veridian Logistics Limited
Logistics & Supply Chain · Mainboard IPO
Last updated 2026-08-01 18:30 IST
Key details
- Price band
- Rs 268 – 282
- Face value
- Rs 10
- Lot size
- 53 shares
- Minimum investment
- Rs 14,946
- Issue size
- Rs 1,240 Cr
- Fresh issue
- Rs 820 Cr
- Offer for sale
- Rs 420 Cr
- Employee discount
- Rs 26 per share for eligible employees
- Retail quota
- 35% of the issue
- Registrar
- Link Intime India Private Limited
- Exchanges
- BSE, NSE
- Opening date
- 04 Aug 2026
- Closing date
- 06 Aug 2026
- Allotment date
- 07 Aug 2026
- Listing date
- 11 Aug 2026
Explain this IPO simply
The same information as the prospectus, written the way you would explain it to a friend.
What the company does
Veridian Logistics runs temperature-controlled warehouses and a trucking fleet that moves food, medicines and packaged goods between 14 Indian states.
How it earns money
Customers pay a monthly fee for warehouse space and a per-trip charge for transport. Longer contracts and cold storage carry higher margins.
Why it is launching an IPO
The company plans to build four new cold-storage hubs, repay part of its existing loans, and keep cash aside for day-to-day operations.
Where the IPO money will be used
Capital expenditure on new hubs (38%), Repayment of borrowings (22%), Working capital (6%), General corporate purposes (0%), Offer for sale to selling shareholders (34%).
Major strengths
Established network across 14 states, Revenue has grown each year shown, Cold storage carries higher margins.
Major risks
Top five customers form a large share of revenue, Borrowings remain meaningful, Fuel and power costs are variable.
Clarity score: 77 / 100
What this score means
Financial performance
Revenue moved from Rs 1,180 Cr in FY2023 to Rs 2,040 Cr in FY2025. Profit after tax over the same period moved from Rs 62 Cr to Rs 124 Cr. These are past figures only and are not a forecast.
Potential strengths
Established network across 14 states
The company operates 38 warehouses and reports long-term contracts with packaged food companies.
Source: RHP, Our Business, page 142
Revenue has grown each year shown
Reported revenue rose from Rs 1,180 crore to Rs 2,040 crore across the three financial years disclosed.
Source: RHP, Restated Financial Information, page 231
Cold storage carries higher margins
Management states that temperature-controlled space earns a better margin than dry warehousing.
Source: RHP, Management Discussion, page 268
Potential risks
Top five customers form a large share of revenue
Losing one large customer could noticeably reduce revenue.
Source: RHP, Risk Factors, page 34
Borrowings remain meaningful
Total borrowings stood at Rs 610 crore before the issue; part of the fresh issue repays this.
Source: RHP, Financial Indebtedness, page 288
Fuel and power costs are variable
Diesel and electricity prices directly affect operating costs and are outside company control.
Source: RHP, Risk Factors, page 41
Use of IPO funds
Money marked as going to selling shareholders does not reach the company.
Valuation
- 34.2
- 5.1
- Earnings per share
- 8.24
- Return on net worth
- 14.9%
- Net asset value
- 55.3
Peer comparison
| Company | P/E | RoNW |
|---|---|---|
| Northline Supply Chain | 38.4 | 12.2% |
| Bharat Cold Chain | 29.7 | 16.1% |
| Transway Freight | Data unavailable | Data unavailable |
Peer data is incomplete
Subscription status
- Day 1 total
- 1.12x
- Day 2 total
- 2.74x
- Latest total
- 4.58x
Updated 2026-08-01 17:00 IST
Grey market premium
Unofficial and unregulated
- Current GMP
- Rs 46
- Previous GMP
- Rs 38
- Indicative level only
- Rs 328
Updated 2026-08-01 18:30 IST. Source: unofficial dealer chatter, not an exchange or regulator.
Important documents
IPO timeline
IPO opens
04 Aug 2026
First day you can apply.
IPO closes
06 Aug 2026
Last day to apply, usually by evening.
Allotment
07 Aug 2026
Who gets shares is decided.
Refund / unblock
10 Aug 2026
Blocked money is released if you did not get shares.
Shares in demat
10 Aug 2026
Allotted shares reach your demat account.
Listing day
11 Aug 2026
Shares start trading on the exchange.
Frequently asked questions
Where this information comes from
- Last updated
- 2026-08-01 18:30 IST
- Last verified
- 2026-08-01
- Primary source
- RHP filed with SEBI
- Secondary source
- NSE issue information page