Pranik Logistics IPO Details
The Pranik Logistics IPO is a book build issue with a total issue size of ₹22.47 cr, comprising of fresh issue of 2918400 equity shares. Pranik Logistics IPO opened for subscription on Oct 10, 2024 and closed on Oct 14, 2024. Pranik Logistics IPO is set price band at ₹73 to ₹77 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹246,400.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 15, 2024, and listed on the NSE on Oct 17, 2024.
Maashitla Securities Pvt. Limited has been appointed as the registrar. Narnolia Financial Services are the Book Running Lead Manager for the issue.
Before investing in the Pranik Logistics IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 73 – 77
- Lot Size
- 1600
- Issue Size
- ₹22.47 Cr
- Minimum Investment
- ₹246400 (3200 Shares)
- Listing Date
- 17 October 2024
Current GMP
₹4 (+5.19%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Pranik Logistics Limited
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.
Pranik Logistics IPO Promoters
- Mr. Pranav Kumar Sonthalia
- Ms. Shradha Kumari
- Ms. Minal Sonthalia
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
73.49%
Pranik Logistics IPO Objective
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
Book Running Lead Managers
- Narnolia Financial Services
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 with a total issue size of ₹22.47 crore. The Pranik Logistics IPO price band is ₹73 to 77 per share. The Pranik Logistics IPO subscription opens on Thu, Oct 10, 2024, and closes on Mon, Oct 14, 2024. The Pranik Logistics IPO will be listed on the NSE. Maashitla Securities Pvt. Limited is the registrar for the Pranik Logistics IPO.
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 per share.
Pranik Logistics IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹246400 based on the upper price band
The minimum investment for Pranik Logistics IPO is ₹246400, based on one lot of 1600 shares at the upper price band of ₹77 per share.
Investors can apply for the Pranik Logistics IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Oct 14, 2024. The application amount remains blocked until the Pranik Logistics IPO allotment is finalized.
Pranik Logistics IPO issue size is ₹22.47 crores.
Pranik Logistics IPO allotment date is Wed, Jul 1, 2026.
The registrar for Pranik Logistics IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Pranik Logistics IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.