Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Appl Containers Ltd. on February 20, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Appl Containers Ltd. IPO is a Book Build Issue of 0.38 crore equity shares consisting of a fresh issue of upto 0.13 crore equity shares and an offer for sale (OFS) of upto 0.26 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Cumulative Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Appl Containers IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 38,10,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 12,50,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 25,60,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,37,28,570 shares |
| Share Holding Post Issue | 1,49,78,570 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Sep 25, 2025 |
| SEBI/Exchange approval received | Fri, Feb 20, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer Size |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Appl Container is a container manufacturing company based in Bhavnagar, Gujarat, with a facility spread across 59,115 sq. mt. Its plant can produce up to 15,000 containers every year.
In 2026, it has also started container leasing services, offering flexible options to meet customer needs. Further, through our subsidiary Aawadkrupa Plastomech Pvt. Ltd. (acquired in August 2025), it started manufacturing plastic extrusion plants and rope-making machinery.
It manufactures a wide range of containers, including:
ISO standard containers: 10ft, 20ft, 40ft (standard and high cube), open-top, diagonal/centre door, cement tank, and both-end open containers.
Specialised containers: Coil containers, lashing bin containers, and BESS (Battery Energy Storage Systems) containers.
The company has supplied products like 10ft and 20ft containers, flat rack lashing bins, and high cube containers, while prototypes for coil, cement tank, and BESS containers have been developed.
Since starting in 2021, the company manufactured 13,101 containers (till March 31, 2025) and, as of August 31, 2025, the company has an order book of 802 containers worth about Rs 2,834.27 lakhs, along with service orders for 170 containers. Additionally, it provide container leasing services.
Competitive Strengths
Appl Containers Ltd.'s revenue increased by 73% and profit after tax (PAT) rose by 89% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 82.27 | 50.30 | 10.87 |
| Total Income | 70.49 | 40.68 | 4.54 |
| Profit After Tax | 32.83 | 17.39 | 2.08 |
| EBITDA | 44.74 | 25.33 | 2.88 |
| NET Worth | 54.84 | 21.99 | 4.58 |
| Reserves and Surplus | 52.34 | 19.49 | 2.08 |
| Total Borrowing | 19.78 | 20.35 | 5.29 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of incremental working capital requirements of the Company | 55.00 |
| 2 | Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company | 16.00 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 85.45% |
| ROCE | 55.66% |
| Debt/Equity | 0.36 |
| RoNW | 59.86% |
| PAT Margin | 46.57% |
| EBITDA Margin | 64.82% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 96.12% |
Lead Manager Reports
Appl Containers IPO is a main-board IPO of 38,10,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Appl Containers IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Appl Containers IPO using UPI as a payment gateway. Zerodha customers can apply in Appl Containers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Appl Containers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Appl Containers IPO dates are not announced. Please check back again after some time.
Appl Containers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Appl Containers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Appl Containers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Appl Containers IPO allotment status.
The Appl Containers IPO listing date is not yet announced. The tentative date of listing is .
