Pranik Logistics Limited IPO
NSE SMEListed On: Oct 17, 2024 at ₹ 79.0
₹ 246400 /3200 Shares
*Min Investment
10 Oct, 2024
Open Date14 Oct, 2024
Close Date15 Oct, 2024
Allotment Date17 Oct, 2024
Listing DateExpected Premium is derived from market rumors and internet sources. It does not reflect the actual IPO listing price or value. Please review the RHP and consult a financial advisor before investing.
Pranik Logistics IPO Issue Details
- Issue Price ₹73-77 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 29,18,400 shares(aggregating up to ₹22.47 crore)
- Fresh Share 29,18,400 shares(aggregating up to ₹22.47 crore)
- Listing at NSE SME
- List Price 79.0
- Listing Date 2024-10-17
- Lead Manager Narnolia Financial Services Ltd
- Registrar Maashitla Securities Private Limited
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,23,200 |
| Retail(max) | 1 | 1600 | ₹1,23,200 |
| NII (min) | 2 | 3,200 | ₹2,46,400 |
Pranik Logistics IPO Reservation
Pranik Logistics IPO offers total 29,18,400 shares. Out of which 5,55,200 (19.02%) allocated to QIB, 4,14,400 (14.2%) allocated to NII,9,66,400 (33.11%) allocated to RII, NA (NA%) allocated to employees and 8,20,800 (28.13%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 8,20,800 (28.13%) | |
| Market Maker Shares Offered | 1,61,600 (5.54%) | |
| QIB Shares Offered | 5,55,200 (19.02%) | |
| NII (HNI) Shares Offered | 4,14,400 (14.2%) | |
| Retail Shares Offered | 9,66,400 (33.11%) | |
| Total Shares Offered | 29,18,400 (100%) |
Pranik Logistics IPO Details
Pranik Logistics Limited IPO is an SME IPO, priced at ₹73-77 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 29,18,400 equity shares, aggregating up to ₹22.47 crores..
The IPO bidding window is open from Oct 10, 2024 to Oct 14, 2024. The allotment is expected to be finalized on Oct 15, 2024, and the tentative listing date is Oct 17, 2024.
The minimum lot size for retail investors is 1600 shares, with a minimum investment of ₹1,23,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,46,400.
Narnolia Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Private Limited, and Prabhat Financial Services Ltd will act as the market maker for this issue.
Pranik Logistics IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 555,200 / 414,400 | 966,400 | 1,936,000 |
Day 1 10-10-24 06:00 PM | 0.00 / 0.90 x | 4.57 x | 2.47 x |
Day 2 11-10-24 06:00 PM | 0.00 / 1.83 x | 8.13 x | 4.45 x |
Day 3 14-10-24 06:00 PM | 35.67 / 744.44 x | 97.21 x | 218.10 x |
Pranik Logistics Valuations
Pranik Logistics Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 3,568.3 | 2,352.73 | 1,404.48 |
| Revenue | 6,770.08 | 6,090.62 | 3,360.96 |
| Profit After Tax | 406.56 | 93.23 | 31.54 |
| Net Worth | 1,143.19 | 736.63 | 363.96 |
| Reserves & Surplus | 603.74 | 197.18 | 103.95 |
| Total Borrowing | 1,783.95 | 1,382.09 | 577.87 |
About Pranik Logistics Company
Pranik Logistics Limited offers integrated logistics solutions.
The company is a PAN India logistics provider operating as a freight forwarder and transporter, providing integrated services such as transportation, warehousing, material handling, and freight forwarding to its clients in various industries such as retail, consumer durables, telecom, manufacturing, pharma, etc.
It has its own fleet of 86 commercial vehicles, which can also be leased if required. In addition, the company has a total of 30 warehouses that are managed directly by the company.
Pranik Logistics - Promoter(s)
Mr. Pranav Kumar Sonthalia
Ms. Shradha Kumari
Ms. Minal Sonthalia
Pre Issue Share Holding : 99.99%
Post Issue Share Holding : 73.49%
Pranik Logistics IPO - Issue Objectives
To meet the expenses for Investment in technology
To meet out the Capital Expenditure Requirement of the Company
To meet out the Working Capital requirements of the Company
To meet out the General Corporate Purposes
To meet out the Issue Expenses.
Pranik Logistics IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Pranik Logistics Limited | 7.54 | N/A | 21.19 | N/A | 35.56 | 3.67 | Restated |
| S J Logistics (india) Limited | 20.03 | N/A | 77.36 | N/A | 20.18 | 7.61 | Consolidated |
Notes:
- Considering the nature and turnover of the business of the Company, the peers are not strictly comparable. However, the same has been included for broader comparison.
Contact Details
Pranik Logistics
P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata - 700091
+91 7667852418
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
Pranik Logistics IPO - FAQs
Ans. Pranik Logistics Limited IPO is a SME IPO. The issue is priced at ₹73-77 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Oct 10, 2024, and closes on Oct 14, 2024. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Pranik Logistics Limited IPO opens on Oct 10, 2024 and closes on Oct 14, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Pranik Logistics Limited IPO is 2,918,400 shares(aggregating up to ₹22.47 Cr).
Ans. The Pranik Logistics Limited IPO price band is set between ₹73-77 per equity share.
Ans. To apply for Pranik Logistics Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Pranik Logistics Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Pranik Logistics Limited IPO is Oct 15, 2024.
Ans. The Pranik Logistics Limited IPO will be listed on Oct 17, 2024.
Ans. Follow the steps to check the Pranik Logistics Limited IPO allotment status online.
