Pranik Logistics IPO
Open SmeCurrent GMP
₹4 (+5.19%)
Price Band
₹ 73 – 77
Lot Size
1600
Issue Size
₹22.47 Cr
Minimum Investment
₹246400 (3200 Shares)
Listing Date
17 October 2024
Subscription
218.1x
About the Company
Pranik Logistics Private Limited, incorporated on February 24, 2015, under the Companies Act, 2013, was converted into a Public Limited Company on January 15, 2024, and renamed Pranik Logistics Limited. The company is engaged in providing end-to-end logistics solutions, acting as a carrying and forwarding agent with services like transportation, warehousing, material handling, and freight forwarding. Their services cater to industries such as retail, telecom, manufacturing, and pharma.
Since its inception, the company has expanded its service offerings and operates a fleet of over 80 vehicles, including various types of trucks for different consignments. They also manage 30 warehouses directly. Their technological systems, provided by clients, help enhance service quality, efficiency, and financial controls.
Promoters
- Mr. Pranav Kumar Sonthalia
- Ms. Shradha Kumari
- Ms. Minal Sonthalia
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
73.49%
Objects of the Issue
The objects of the Issue are:-
1. To meet out the expenses for Investment in technology
2. To meet out the Capital Expenditure Requirement of Company;
3. To meet out the Working Capital requirements of the Company;
4. To meet out the General Corporate Purposes; and
5. To meet out the Issue Expenses
Address / Contact Info
Pranik Logistics Limited
P. S. Srijan Tech Park, Plot No. 52,
Block DN, 14th Floor, Sector V,
Salt Lake, Kolkata West Bengal - 700091
Phone: +91 7667852418
Email: ayon@pranikgroup.com
Website: https://pranikgroup.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 10 October 2024
IPO Close Date
Monday, 14 October 2024
Basis of Allotment
Tuesday, 15 October 2024
Initiation of Refunds
Wednesday, 16 October 2024
Credit of Shares to Demat
Wednesday, 16 October 2024
Listing Date
Thursday, 17 October 2024 — NSE & BSE
Important Dates
Open Date
10 October 2024
Close Date
14 October 2024
Basis Of Allotment
15 October 2024
Listing Date
17 October 2024
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 3842.75 | 3568.3 | 2352.73 | 1404.48 |
| Revenue | 2248.89 | 6770.08 | 6090.62 | 3360.96 |
| Profit After Tax | 108.9 | 406.56 | 93.23 | 31.54 |
| Net Worth | 1252.09 | 1143.19 | 736.63 | 363.96 |
| Reserve & Surplus | 442.91 | 603.74 | 197.18 | 103.95 |
| Total Borrowings | 1961.83 | 1783.95 | 1382.09 | 577.87 |
EPS Pre
5.02%
EPS Post
3.96%
P/E Pre
15.33
P/E (Post Issue)
19.46x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 8.7 |
| ROCE % | 11.79 |
| Debt / Equity | 1.57 |
| RoNW % | 8.7 |
| PbW | 3.63 |
| Pat Margin % | 4.88 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 820800 | 28.13 | 0 |
| Market Maker | 161600 | 5.54 | 0 |
| Qualified Institutions | 555200 | 19.02 | 0 |
| Non-Institutional | 414400 | 14.2 | 0 |
| Retail Investors | 966400 | 33.11 | 0 |
| Total | 2918400 | 100 | 0 |
Subscription Status ( Mon, 14 Oct 24 12:58 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 555200 | 19806400 | 35.67x |
| Non-Institutional | 414400 | 308496000 | 744.44x |
| Retail Investors | 966400 | 93944000 | 97.21x |
| Total | 1936000 | 422246400 | 218.1x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 123,200.00 |
| Retail (Max) | 1 | 1,600 | 123,200.00 |
| S-HNI (Min) | 2 | 3,200 | 246,400.00 |
Registrar
Maashitla Securities Pvt. Limited
011-45121795-96
investor.ipo@maashitla.com
https://www.maashitla.com
Book Running Lead Managers
- Narnolia Financial Services
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Pranik Logistics IPO is a Book-building IPO worth ₹22.47 crores. The price band is ₹73 to 77 per share. The IPO opens on Thu, Oct 10, 2024 and closes on Mon, Oct 14, 2024. It will be listed on BSE and NSE. Maashitla Securities Pvt. Limited is the registrar.
The Pranik Logistics IPO opens on Thu, Oct 10, 2024 and closes on Mon, Oct 14, 2024
Pranik Logistics IPO Price Band is ₹73 to 77.
Pranik Logistics IPO lot size is 1600, and the minimum amount required for application is ₹246400.
The minimum investment for Pranik Logistics IPO is approximately ₹246400 based on the upper price band.
To apply for the Pranik Logistics IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Oct 14, 2024. After submission, funds are blocked until the basis of allotment of Pranik Logistics IPO is finalised.
Pranik Logistics IPO issue size is ₹22.47 crores.
Pranik Logistics IPO allotment date is Sat, Jun 27, 2026.
The registrar for Pranik Logistics IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website for IPO allotment status, refund processing, and other queries related to Pranik Logistics IPO through their official website or helpline.
The Pranik Logistics IPO GMP (Grey Market Premium) is ₹4 as of Thu, Oct 17, 2024. Based on the upper price band of ₹77 per share, the estimated Pranik Logistics IPO listing price is ₹81, indicating a potential listing gain of approximately 31% over the issue price.