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Pranik Logistics IPO is a book built issue of Rs 22.47 crores. The issue is entirely a fresh issue of 29.18 lakh shares.
Pranik Logistics IPO opens for subscription on October 10, 2024 and closes on October 14, 2024. The allotment for the Pranik Logistics IPO is expected to be finalized on Tuesday, October 15, 2024. Pranik Logistics IPO will list on NSE SME with tentative listing date fixed as Thursday, October 17, 2024.
Pranik Logistics IPO price band is set at ₹73 to ₹77 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹123,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹246,400.
Narnolia Financial Services Ltd is the book running lead manager of the Pranik Logistics IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Pranik Logistics IPO is Prabhat Financial Services.
Refer to Pranik Logistics IPO RHP for detailed information.
| IPO Date | October 10, 2024 to October 14, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹77 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,918,400 shares (aggregating up to ₹22.47 Cr) |
| Fresh Issue | 2,918,400 shares (aggregating up to ₹22.47 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,091,750 |
| Share holding post issue | 11,010,150 |
| Market Maker portion | 161,600 shares Prabhat Financial Services |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
Pranik Logistics IPO raises Rs 6.32 crore from anchor investors. Pranik Logistics IPO Anchor bid date is October 9, 2024.
| Bid Date | October 9, 2024 |
| Shares Offered | 820,800 |
| Anchor Portion Size (In Cr.) | 6.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 13, 2025 |
Pranik Logistics IPO opens on October 10, 2024, and closes on October 14, 2024.
| IPO Open Date | Thursday, October 10, 2024 |
| IPO Close Date | Monday, October 14, 2024 |
| Basis of Allotment | Tuesday, October 15, 2024 |
| Initiation of Refunds | Wednesday, October 16, 2024 |
| Credit of Shares to Demat | Wednesday, October 16, 2024 |
| Listing Date | Thursday, October 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 14, 2024 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |
| Lot Size Calculator | |||
Mr. Pranav Kumar Sonthalia, Ms. Shradha Kumari, and Ms. Minal Sonthalia are the promoters of the company.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.49% |
Pranik Logistics Limited was founded in 2015 and offers integrated logistics solutions.
The company is a PAN India logistics provider operating as a freight forwarder and transporter, providing integrated services such as transportation, warehousing, material handling, and freight forwarding to its clients in various industries such as retail, consumer durables, telecom, manufacturing, pharma, etc.
The company has its own fleet of 86 commercial vehicles, which can also be leased if required. In addition, the company has a total of 30 warehouses that are managed directly by the company.
Competitive strengths
As at September 30, 2024, the company had 625 permanent employees.
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 | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Pranik Logistics IPO is Rs 84.78 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 8.70% |
| ROCE | 11.79% |
| Debt/Equity | 1.57 |
| RoNW | 8.70% |
| P/BV | 3.63 |
| PAT Margin (%) | 4.88 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.02 | 3.96 |
| P/E (x) | 15.33 | 19.46 |
The Company proposes to utilize the funds being raised to fund the following objectives:
[Dilip Davda] The company is engaged in providing end-to-end logistics services on a Pan India basis. It is primarily operating as a carrying and forwarding agent. The company marked steady growth in its top lines for the reported periods, but a sudden boost in pre-IPO periods from FY24 onwards raises eyebrows and concern over its sustainability as it is operating in a highly competitive and fragmented segment. Based on FY25 annualized super earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds in this fully priced issue for long term. Read detail review...
Pranik Logistics Limited
P. S. Srijan Tech Park, Plot No. 52,
Block DN, 14th Floor, Sector V,
Salt Lake, Kolkata - 700091
Phone: +91 7667852418
Email: ayon@pranikgroup.com
Website: https://pranikgroup.com/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
SME Company Owners
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Check our SME IPO Guide 
Pranik Logistics IPO is a SME IPO of 2,918,400 equity shares of the face value of ₹10 aggregating up to ₹22.47 Crores. The issue is priced at ₹73 to ₹77 per share. The minimum order quantity is 1600 Shares.
The IPO opens on October 10, 2024, and closes on October 14, 2024.
Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Pranik Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Pranik Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pranik Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pranik Logistics IPO opens on October 10, 2024 and closes on October 14, 2024.
Pranik Logistics IPO lot size is 1600 Shares, and the minimum amount required is ₹123,200.
You can apply in Pranik Logistics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Pranik Logistics IPO will be done on Tuesday, October 15, 2024, and the allotted shares will be credited to your demat account by Wednesday, October 16, 2024. Check the Pranik Logistics IPO allotment status.
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