Pranik Logistics IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 10 Oct 2024
Close Date
Mon, 14 Oct 2024
Price Band
₹ 73 – 77
Lot Size
1600
Issue Size
₹ 22.47 Cr
Minimum Investment
₹ 246,400 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Pranik Logistics IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹22.47 Crore, comprising a fresh issue of 29.18 Lakh equity shares aggregating to ₹22.47 Crore.
The Pranik Logistics IPO remained open for subscription from October 10, 2024, to October 14, 2024. The basis of allotment was finalized on October 15, 2024, and the company's shares were listed on NSE SME Platform on October 17, 2024.
The company had fixed the price band at ₹73 to ₹77 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹246,400 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. Narnolia Financial Services acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Pranik Logistics Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Pranik Logistics IPO Timeline (Tentative)
- IPO Open Date
- Thu, 10 Oct 24
- IPO Close Date
- Mon, 14 Oct 24
- Basis of Allotment
- Tue, 15 Oct 24
- Initiation of Refunds
- Wed, 16 Oct 24
- Credit of Shares to Demat
- Wed, 16 Oct 24
- Listing Date
- Thu, 17 Oct 24 — NSE & BSE
Open Date
10 October 2024
Close Date
14 October 2024
Basis Of Allotment
15 October 2024
Listing Date
17 October 2024
IPO Subscription
Check Live Subscription →The Pranik Logistics IPO has received bids for 42,22,46,400 shares against 19,36,000 shares offered, resulting in an overall subscription of 218.1x. the NII category is subscribed 744.44x, Retail Investors 97.21x, and QIBs 35.67x.
QIB
35.67x
NII
744.44x
RII
97.21x
Total
218.1x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 9,66,400 shares, representing 33.11% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,55,200 shares (19.02%), while Non-Institutional Investors (NIIs) receive 4,14,400 shares (14.2%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 820,800 | 28.13% |
| Market Maker | 161,600 | 5.54% |
| Qualified Institutions | 555,200 | 19.02% |
| Non-Institutional | 414,400 | 14.2% |
| Retail Investors | 966,400 | 33.11% |
| Total | 2,918,400 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Pranik Logistics Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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
Pranik Logistics Limited Address / Contact Details
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
Pranik Logistics IPO Lot Size
The Pranik Logistics IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹1,23,200 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹1,23,200.
| 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 |
Issue Reservation
- Anchor Investors — 28.13%
- Market Maker — 5.54%
- QIB — 19.02%
- NII — 14.2%
- RII — 33.11%
Book Running Lead Managers
- Narnolia Financial Services
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Pranik Logistics 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.
When will the Pranik Logistics IPO open for subscription?
The Pranik Logistics IPO opens on Thu, Oct 10, 2024 and closes on Mon, Oct 14, 2024
What is Pranik Logistics IPO Price Band?
Pranik Logistics IPO Price Band is ₹73 to 77 per share.
What is Pranik Logistics IPO Lot Size?
Pranik Logistics IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹246400 based on the upper price band
What is the minimum investment for Pranik Logistics IPO?
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.
How to apply for Pranik Logistics IPO?
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.
What is Pranik Logistics IPO Issue Size?
Pranik Logistics IPO issue size is ₹22.47 crores.
What is the Pranik Logistics IPO Allotment Date?
Pranik Logistics IPO allotment date is Tue, Oct 15, 2024.
Who is the Pranik Logistics IPO Registrar?
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.
What is the Pranik Logistics IPO GMP?
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 5.19% over the issue price.
Who is the Pranik Logistics IPO Lead Manager?
The book-running lead managers (BRLMs) for the Pranik Logistics IPO are Narnolia Financial Services. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Pranik Logistics IPO Red Herring Prospectus (RHP).