Pranik Logistics Limited IPO Message Board (Page 3)

10 Rs. premium started...

Should we Apply for this company? Any senior members out there please suggest as GMP is still 0

E I C Effect - QIBs are still on O at 1 PM

Even LM also from the same side

Last E I C was Phoenix if I am not wrong

What is EIC

Company from East India

surprised to see 0qib even at 1 pm on listing day. Still there is time but with 0gmp and 0qib it is very risky to apply.

QIB was 40x in Bikewo, Deccan and they bombed on listing.

ग्रे मार्केट में कैसा है सेंटिमेंट बाजार एनलिस्ट्स के मुताबिक प्राणिक लॉजिस्टिक्स आईपीओ के लिए ग्रे मार्केट प्रीमियम (जीएमपी) 0.9 रुपए है. यह नॉन-लिस्टेज मार्केट में कंपनी के शेयर के के लिए पॉजिटिव मार्केट सेंटीमेंट को दर्शा रहा है. बता दें कि पब्लिक इश्यू के लिए नारनोलिया फाइनेंशियल सर्विसेज लिमिटेड बुक रनिंग लीड मैनेजर के रूप में काम कर रहा है, जबकि रामा शीतला सिक्योरिटीज प्राइवेट लिमिटेड को इस इश्यू के लिए रजिस्ट्रार नियुक्त किया गया है.

Just for information..................

Why QIB sub is ZERO

QIB. ???

HARI OM SHANTI

3 baje ke baad counter garam ho ga.

tu har bar ulta kyu sochta hai sahasara electric me avoid bol rha tha or yhe per jha QIb or HNI interested nhi hai wha tuje counter garam krna hai

😂😂😂😂😂😂😂

So far QIB is zero🧐

Off topic:
​@rohiitian @diwan kapoor @MuStrFc @Lokesh Chiru Can you please share your views on braceport logistics as per cmp?? Is there any upside left for medium term?? Stock has corrected very much from its high and is not moving considerably.Please advise.

​@Simply Vicky Sorry bandhu... I do not trach this share.. So can't comment on this !!

Listing was high due to euphoria. Did not like their group structure from start. They need to get away from it and post growth other than that. Mgmt has been relatively silent since listing. In my opinion, if holding from IPO, can wait for H1 results with SL above IPO price. Else there are better peers in the same sector and other sectors to put hands upon.

Can consider the above in your final decision
​@Simply Vicky

Good MM track record. LM track record is okayish. Anchor list is nothing exciting and contains the usual ones. Post IPO promoter holding around 75%

Another Logistics Company mainly operating in West Bengal, Maharashtra, Jharkhand. Promoter group is relatively young around 30 years age so not much on the experience side. Most revenue is from the carrying and forwarding service. Clients include retail participants like Croma, Sasta Sundar, Netmeds, Zepto, Reliance etc. 625 employees on payroll. Client concentration from two clients is high around 75% for June 30 period. Most of the vehicles are leased and they own around 86 vehicles. Around 2.9 cr GST and income tax litigation is present.

IPO proceeds around 80 lacs are for development of software for logistics management. Another 2.2 cr is to revamp warehouse by owning machines. Rest 12 cr are being used for working capital requirements. Working capital estimates project around 88 cr revenue in-line with the June 30 figures. But somehow the FY25 end working capital requirements are lower than the June 30 estimates. 12 cr appear to be more of repayment of short term borrowings and not directly to finance working capital.

IPO price is around 20 P/E. Cash flow from operating activities are only positive when not adjusted for receivables and payables. Direct freight charges have reduced in FY 24 despite higher revenue than FY 23 which results in better PAT margins only on the face of it. Even as per FY 25 estimates it could very well remain around the 20 P/E category. Again peer shown is only SJ Logistics due to the higher P/E it commands. Markets on the other hand in recent times are not awarding favouring Logistics players, visible from the likes of Ashapura, Deccan Transcon etc

Short term limited upside may be visible but other than that for medium to long term it needs to get more clients especially from other industries like steel and cement to command better valuations. The warehousing service also needs to pick up like wise to add to this.

​@k l patel 
Yes Ashapura is very cheaper than this..
Better to be safe.

​@MuStrFc Should we take any fresh entry in Aashapura logistics or wait for more correction?

Applied for 25-30% listing gains

Good Luck 😀

New person here. Please help.
How do I become a HNI? I know that I need some 5 Cr worth liquit assets. But how is this status verified?

​@Zeest In mainboard IPOs, slightly above 2 lakhs bid is HNI..
In SME IPOs, one lot is retail and 2 lots and above is HNI..
No other criteria or verification required..

​@Iposs and @Vimal Garodia - thank you! :)

Promising track record of LM and DD Sir's positive track record are plus points. Even though no GMP as on today we may apply for listing day/ short term gains. This is only my personel assessment.

TARGET IPO PRICE AFTER LISTING WILL BE 10/
APPLY FOR LISITG LOSS

Out of total amount of issue for Rs22 .49 crores, company will spend Rs.7.49 crores for general corporate purpose!
This seems very high side.
I am skipping this.

GMP is ZERO. LM is OK and DD Sir's positive recommendation. Wait and watch till 14th. Oct.

Parnik logistics is a nothing company, both might have taken good amount to promote. I will skip
Gmp is to attract people to apply. Aajkal chu... Ki ek badi fauj aa gai hai jo sabhi sme main apply ker lete hain.

Mr. Davda always gives may apply despite quoting pre-ipo revenue raises eyebrows.

There is too many sme ipo available in reasonable PE do focus on it rather than newly issue Sme ipo except few of them..