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Learn about APPL Containers Limited’s IPO journey, including its Draft Red Herring Prospectus filing, business operations, financial performance, issue structure, and the proposed utilisation of funds as outlined in public disclosures.
APPL Containers Limited, a Bhavnagar-based manufacturer of shipping containers and engineering products, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed mainboard initial public offering. The company operates across container manufacturing, engineering machinery, and container leasing, catering to logistics, maritime, plastics, and industrial customers.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
APPL Containers Limited submitted its DRHP to SEBI on September 25, 2025. The company proposes to utilise the fresh issue proceeds towards funding incremental working capital requirements, pre-payment or repayment of certain outstanding borrowings, and general corporate purposes. The proposed listing is aimed at the NSE and BSE platforms.
Based on the DRHP disclosures, the proposed IPO is structured as outlined below:
| Particulars | Details |
|---|---|
Issue Type |
Fresh Issue and Offer for Sale (OFS) |
Face Value |
₹10 per equity share |
Issue Size |
38,10,000 equity shares |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in RHP |
Book Running Lead Manager |
Cumulative Capital Pvt. Ltd. |
Registrar to the Issue |
Bigshare Services Pvt. Ltd. |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
APPL Containers Limited is a container manufacturing company engaged in producing ISO-compliant shipping and specialised containers for domestic and global logistics and multi-modal transport requirements. The company operates a manufacturing facility in Bhavnagar, Gujarat, providing proximity to ports and key maritime routes and supporting efficient access to container demand centres.
Alongside its core manufacturing operations, APPL Containers has entered the container leasing business, a relatively new vertical designed to generate recurring revenue by leasing containers to customers. The company has also expanded into related engineering activities through its wholly owned subsidiary, Aawadkrupa Plastomech Private Limited, which designs and manufactures plastic extrusion plants and rope-making machinery.
Over recent years, APPL Containers has reported significant growth in revenue and profitability, driven by higher container production volumes, expansion of the engineering subsidiary’s operations, and the commencement of leasing activities, as disclosed in its Draft Red Herring Prospectus.
According to the DRHP, the proceeds from the fresh issue are proposed to be utilised towards the following broad objectives:
| Fund Allocation | Amount (₹ crore) | Purpose |
|---|---|---|
Working Capital Requirements |
~55.00 |
Funding incremental working capital requirements to support higher inventory levels, receivables, and operating scale across container manufacturing, engineering, and leasing activities |
Repayment / Prepayment of Borrowings |
~16.00 |
Repayment or prepayment of certain outstanding borrowings to reduce finance costs and strengthen the balance sheet |
General Corporate Purposes |
Balance |
Funding general corporate requirements, which may include strategic initiatives, business development, technology upgrades, capacity enhancements, and other corporate needs, subject to applicable regulatory limits |
These objectives are intended to support operational scale-up, improve financial flexibility, and meet ongoing corporate requirements.
The DRHP and public IPO summaries indicate strong growth in APPL Containers Limited’s financial performance over the last three fiscal years.
A simplified snapshot is provided below for context:
| Fiscal Year / Period | FY23 | FY24 | FY25* |
|---|---|---|---|
Assets (₹ Cr) |
10.87 |
50.3 |
82.27 |
Revenue from Operations (₹ Cr) |
4.54 |
41 |
70.49 |
Profit After Tax – PAT (₹ Cr) |
2.08 |
17 |
32.83 |
EBITDA Margin |
– |
– |
– |
FY25* figures are based on restated financials disclosed in DRHP-linked sources.
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
The table below summarises the current status of the IPO process based on publicly available information:
| Milestone / Stage | Date (or Status) | Details |
|---|---|---|
DRHP filed with SEBI |
25 September 2025 |
Draft Red Herring Prospectus filed for mainboard IPO |
DRHP listed on SEBI public issues page |
8 October 2025 |
Filing reflected under Draft Offer Documents |
SEBI observations |
Awaited |
Regulatory observations pending |
Filing of RHP with RoC |
To be announced |
Post SEBI observations |
IPO Opening Date |
Not yet announced |
Final dates awaited |
IPO Closing Date |
To be announced |
To be declared in RHP |
Listing on NSE/BSE |
To be announced |
Note: Investors should refer to official filings for final IPO dates to learn more about APPL Containers Limited IPO listing details and price, and listing timelines.
Check other upcoming ipo’s here : Upcoming IPO
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
APPL Containers Limited filed its Draft Red Herring Prospectus with SEBI on 25 September 2025, formally initiating the IPO process.
The IPO is proposed as a book-built issue of 38,10,000 equity shares, comprising a fresh issue of up to 12,50,000 shares and an offer for sale of up to 25,60,000 shares. The final issue size in rupee terms will be disclosed in the RHP.
The key objectives include funding working capital requirements of about ₹55 crore, repayment of certain borrowings of around ₹16 crore, and utilisation of the balance proceeds for general corporate purposes.
APPL Containers Limited manufactures ISO-compliant shipping containers and specialised containers, designs and manufactures engineering machinery through its subsidiary, and provides container leasing services.
Subject to regulatory approvals, the equity shares are proposed to be listed on both the NSE and the BSE.
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