Pranik Logistics IPO vs Usha Financial Services IPO

Comparision between Pranik Logistics IPO and Usha Financial Services IPO.

IPO Details

Pranik Logistics IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Usha Financial Services IPO is a SME Book Built Issue proposed to list at NSE SME.

	Pranik Logistics IPO	Usha Financial Services 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	Narnolia Financial Services Ltd Unistone Capital Pvt Ltd
Registrar	Maashitla Securities Private Limited	Skyline Financial Services Private Ltd
Market Maker	Prabhat Financial Services Ltd.	Ss Corporate Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	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 Usha Financial Services IPO is up to ₹98.45 Cr. The final issue price of Pranik Logistics IPO is ₹77.00 per share and of Usha Financial Services IPO is ₹168.00 per share.

	Pranik Logistics IPO	Usha Financial Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹73.00 per share	₹160.00 per share
Issue Price (Upper)	₹77.00 per share	₹168.00 per share
Issue Price (Final)	₹77.00 per share	₹168.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	800 shares
Fresh Issue Size	29,18,400 shares	58,60,000 shares
Fresh Issue Size (Amount)	up to ₹22.47 Cr	up to ₹98.45 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	29,18,400 shares	58,60,000 shares
Issue Size Total (Amount)	up to ₹22.47 Cr	up to ₹98.45 Cr

IPO Timetable

Pranik Logistics IPO opens on Oct 10, 2024, while Usha Financial Services IPO opens on Oct 24, 2024. The closing date of Pranik Logistics IPO and Usha Financial Services IPO is Oct 14, 2024, and Oct 28, 2024, respectively.

	Pranik Logistics IPO	Usha Financial Services IPO
Anchor Bid Date	Oct 09, 2024	Oct 23, 2024
Issue Open	Oct 10, 2024	Oct 24, 2024
Issue Close	Oct 14, 2024	Oct 28, 2024
Basis Of Allotment (Tentative)	Oct 15, 2024	Oct 29, 2024
Initiation of Refunds (Tentative)	Oct 16, 2024	Oct 30, 2024
Credit of Share (Tentative)	Oct 16, 2024	Oct 30, 2024
Listing date (Tentative)	Oct 17, 2024	Oct 31, 2024
Anchor Lockin End date 1	Nov 20, 2024	Nov 28, 2024
Anchor Lockin End date 2	Jan 19, 2025	Jan 27, 2025

Financials

Pranik Logistics IPO P/E ratio is 15.33, as compared to Usha Financial Services IPO P/E ratio of 19.83.

Pranik Logistics IPO

Usha Financial Services 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

Usha Financial Services Limited Financial Information (Restated)

Usha Financial Services Limited's revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	35,133.66	33,585.81	37,222.64	16,428.07
Revenue	2,681.26	6,396.05	4,618.73	2,531.36
Profit After Tax	504.16	1,344.95	1,016.55	414.42
Net Worth	11,106.79	10,602.63	8,207.38	4,767.58
Reserves and Surplus	9,519.03	9,014.87	7,265.57	4,109.41
Total Borrowing	18,861.94	18,128.22	24,751.41	9,723.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

98.91%

Promoter Shareholding (Post-Issue)

73.49%

72.24%

P/E Ratio

15.33

19.83

Market Cap

₹84.78 Cr.

₹365.19 Cr.

ROE

8.70%%

9.29%%

ROCE

11.79%%

12.02%%

Debt/Equity

1.57

1.7

EPS

₹5.02

₹8.47

RoNW

8.70%%

9.29%%

Shares Offered

In the Pranik Logistics IPO retail investors (RII) are offered 9,66,400 shares while in Usha Financial Services IPO retail investors are offered 9,66,400 shares. Qualified institutional buyers (QIB) are offered 5,55,200 shares in Pranik Logistics IPO and 11,08,000 shares in Usha Financial Services IPO.

	Pranik Logistics IPO	Usha Financial Services IPO
Anchor Investor Reserveration	8,20,800 shares	16,60,800 shares
Market Maker Reserveration	1,61,600 shares	3,20,800 shares
QIB	5,55,200 shares	11,08,000 shares
NII	4,14,400 shares	8,31,200 shares
RII	9,66,400 shares	19,39,200 shares
Employee	0 shares	0 shares
Others
Total	19,36,000 shares	38,78,400 shares

Bids Received (Subscription)

Pranik Logistics IPO subscribed 218.02x in total, whereas Usha Financial Services IPO subscribed 19.37x.

	Pranik Logistics IPO	Usha Financial Services IPO
QIB (times)	35.67x	10.04x
NII (times)	744.05x	28.55x
Big NII (times)
Small NII (times)
RII (times)	97.21x	20.76x
Employee (times)
Other (times)
Total (times)	218.02x	19.37x

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