Appl Containers IPO

The APPL Containers IPO is a book‑built issue comprising a fresh issue of up to 12.50 lakh equity shares and an offer for sale (OFS) of up to 25.60 lakh equity shares with a face value of ₹10 per share. The company filed its DRHP with SEBI on Sep 25, 2025.

The price band and official dates of subscription and listing will be announced by the company later, but the equity shares are proposed to be listed on the BSE and the NSE platforms. The book-running lead managers (BRLMs) for this issue are Cumulative Capital Pvt. Ltd. and Shannon Advisors Pvt. Ltd., while the registrar to the issue is Bigshare Services Pvt. Ltd.

Company Background

APPL Containers Ltd. was incorporated on October 21, 2021. Initially, it was known as "APPL Containers Private Limited." It changed its status from a private limited company to a public limited company on June 13, 2025 and adopted its current name. The company was formed to create a standalone manufacturing business in the shipping industry.

The registered office and main manufacturing plant of APPL Containers Ltd. are situated at Shampara, Vartej, Bhavnagar district of Gujarat, an emerging center for container manufacturing in India.

Operations & Product Range

The core operational activities of APPL Containers Ltd. relate to the fabrication and supply of a wide range of containers. Their products can be classified into:

• ISO Standard Shipping Containers: Standard dry containers of 10ft, 20ft, and 40ft sizes; high cube, open top, and dual door types.
• Specialized Containers: Coil containers, lashing bin containers, and Battery Energy Storage System (BESS) containers.
• Container Leasing: From Fiscal 2026, APPL has diversified into container leasing.

The company serves the shipping and logistics industry, a crucial infrastructure for domestic and global transport of goods.

Facilities & Capacity

APPL Containers Ltd. has a large manufacturing plant in Bhavnagar, Gujarat, covering 59,115.09 square meters. The plant is highly automated with technologies such as auto-welding robots, laser sensors, and laser cutting facilities.

The plant has an annual capacity of up to 15,000 containers, with over 13,100 containers already produced since inception.

Brands & Market Presence

APPL Containers Ltd. markets its products under the brand "PP Containers." The company has a strong domestic presence, participating in government initiatives like production clusters in Gujarat.

Although production is primarily domestic, the company participates in the global supply chain through its affiliation with the Engineering Export Promotion Council (EEPC India). The acquisition of Aawadkrupa Plastomech Private Ltd. in August 2025 expanded its portfolio to include plastic extrusion plants and rope-making machinery.

Revenue Streams & Business Model

APPL Containers Ltd. has shifted its revenue model from primarily job work for other entities to direct manufacturing and sales of its branded containers.

The main revenue streams include sales of ISO and specialized containers, job work charges, and container leasing. Geographically, the company operates in India, while its products cater to the global logistics industry.

Management & Shareholding

APPL Containers Ltd. is promoted by the Viradiya family, including Hasmukhbhai Meghjibhai Viradiya and Vallabhbhai Meghjibhai Viradiya. Prior to the IPO, the promoter group held the entire share capital. Post-IPO, the shareholding will be diluted.

Board & Key Management

The management team includes Hasmukhbhai Meghjibhai Viradiya (Chairman and Managing Director), Dhaval Jayeshbhai Parekh (CFO), and Divya Reejwani (Company Secretary & Compliance Officer). Independent directors include Darshan Bharatbhai Patel and Abhinav Mahesh Kapadia.