Pranik Logistics IPO vs Premium Plast IPO

Comparision between Pranik Logistics IPO and Premium Plast IPO.

IPO Details

Pranik Logistics IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Premium Plast IPO is a SME Book Built Issue proposed to list at NSE SME.

	Pranik Logistics IPO	Premium Plast IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Narnolia Financial Services Ltd	Khandwala Securities Limited
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Prabhat Financial Services Ltd.	Asnani Stock Broker Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Pranik Logistics IPO is up to ₹22.47 Cr whereas the issue size of the Premium Plast IPO is up to ₹26.20 Cr. The final issue price of Pranik Logistics IPO is ₹77.00 per share and of Premium Plast IPO is ₹49.00 per share.

	Pranik Logistics IPO	Premium Plast IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹73.00 per share	₹46.00 per share
Issue Price (Upper)	₹77.00 per share	₹49.00 per share
Issue Price (Final)	₹77.00 per share	₹49.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size	29,18,400 shares	53,46,000 shares
Fresh Issue Size (Amount)	up to ₹22.47 Cr	up to ₹26.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	29,18,400 shares	53,46,000 shares
Issue Size Total (Amount)	up to ₹22.47 Cr	up to ₹26.20 Cr

IPO Timetable

Pranik Logistics IPO opens on Oct 10, 2024, while Premium Plast IPO opens on Oct 21, 2024. The closing date of Pranik Logistics IPO and Premium Plast IPO is Oct 14, 2024, and Oct 23, 2024, respectively.

	Pranik Logistics IPO	Premium Plast IPO
Anchor Bid Date	Oct 09, 2024
Issue Open	Oct 10, 2024	Oct 21, 2024
Issue Close	Oct 14, 2024	Oct 23, 2024
Basis Of Allotment (Tentative)	Oct 15, 2024	Oct 24, 2024
Initiation of Refunds (Tentative)	Oct 16, 2024	Oct 25, 2024
Credit of Share (Tentative)	Oct 16, 2024	Oct 25, 2024
Listing date (Tentative)	Oct 17, 2024	Oct 28, 2024
Anchor Lockin End date 1	Nov 20, 2024
Anchor Lockin End date 2	Jan 19, 2025

Financials

Pranik Logistics IPO P/E ratio is 15.33, as compared to Premium Plast IPO P/E ratio of 14.11.

Pranik Logistics IPO

Premium Plast IPO

Financial

Pranik Logistics Limited Financial Information (Restated)

Pranik Logistics Limited's revenue increased by 11% and profit after tax (PAT) rose by 336% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,842.75	3,568.3	2,352.73	1,404.48
Revenue	2,248.89	6,770.08	6,090.62	3,360.96
Profit After Tax	108.9	406.56	93.23	31.54
Net Worth	1,252.09	1,143.19	736.63	363.96
Reserves and Surplus	442.91	603.74	197.18	103.95
Total Borrowing	1,961.83	1,783.95	1,382.09	577.87
Amount in ₹ Lakhs

Premium Plast Limited Financial Information (Restated Consolidated)

Premium Plast Limited's revenue increased by 6% and profit after tax (PAT) rose by 200% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	4,006.31	3,809.23	2,905.45	2,516.95
Revenue	1,212.81	4,670.59	4,404.83	3,104.78
Profit After Tax	141.16	477.55	159.32	77.7
Net Worth	2,216.67	1,652.51	1,174.96	1,015.64
Reserves and Surplus	841.56	1,176.45	698.91	539.59
Total Borrowing	506.84	830.98	505.35	512.28
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

95.45%

Promoter Shareholding (Post-Issue)

73.49%

68.73%

P/E Ratio

15.33

14.11

Market Cap

₹84.78 Cr.

₹93.58 Cr.

ROE

8.70%%

6.37%%

ROCE

11.79%%

7.88%%

Debt/Equity

1.57

EPS

₹5.02

₹3.47

RoNW

8.70%%

6.37%%

Shares Offered

In the Pranik Logistics IPO retail investors (RII) are offered 9,66,400 shares while in Premium Plast IPO retail investors are offered 9,66,400 shares. Qualified institutional buyers (QIB) are offered 5,55,200 shares in Pranik Logistics IPO and 5,10,000 shares in Premium Plast IPO.

	Pranik Logistics IPO	Premium Plast IPO
Anchor Investor Reserveration	8,20,800 shares
Market Maker Reserveration	1,61,600 shares	2,70,000 shares
QIB	5,55,200 shares	5,10,000 shares
NII	4,14,400 shares	22,83,000 shares
RII	9,66,400 shares	22,83,000 shares
Employee	0 shares	0 shares
Others
Total	19,36,000 shares	50,76,000 shares

Bids Received (Subscription)

Pranik Logistics IPO subscribed 218.02x in total, whereas Premium Plast IPO subscribed 38.87x.

	Pranik Logistics IPO	Premium Plast IPO
QIB (times)	35.67x	6.74x
NII (times)	744.05x	19.56x
Big NII (times)
Small NII (times)
RII (times)	97.21x	65.37x
Employee (times)
Other (times)
Total (times)	218.02x	38.87x

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