October 17, 2024
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Pranik Logistics listing Review
On 17 October 2024, the scrip is listed at Rs. 79, premium of 2.60%
Pranik Logistics IPO allotment Link
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Subscription status of Pranik Logistics IPO
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Pranik Logistics IPO (Closed) Price Rs. 77 Lot 1600 shares, Rs. 22.47 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 35.67 | 744.05 | 97.21 | 218.02 | 58715 (97.21x) |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Pranik Logistics?
Founded in 2015, Pranik Logistics Limited has rapidly established itself as a leading provider of integrated logistics solutions across India. Its company specializes in freight forwarding and transportation services, catering to a diverse range of industries including retail, consumer durables, telecommunications, manufacturing, and pharmaceuticals.
Comprehensive Logistics Services
At Pranik Logistics, it offers a full suite of logistics services designed to meet the unique needs of its clients. Its offerings include:
- Transportation: A robust network for efficient movement of goods.
- Warehousing: Management of 30 strategically located warehouses across India.
- Material Handling: Expert handling of various types of cargo to ensure safety and efficiency.
- Freight Forwarding: Streamlined processes to facilitate smooth shipping operations.
Its Fleet
It operates a dedicated fleet of 86 commercial vehicles, available for both direct service and leasing options, ensuring flexibility to meet your logistics requirements.
Competitive Advantages
Pranik Logistics stands out in the logistics sector thanks to:
- Experienced Management Team: Its leadership brings years of industry expertise.
- Strong Customer Relationships: It has built long-term partnerships with clients across various sectors.
- Asset-Light Business Model: This approach allows it to adapt quickly to market demands and client needs.
- Commitment to Quality: It upholds high standards of quality assurance in all its operations.
Its Team
As of September 30, 2024, it is proud to employ 625 dedicated professionals who are committed to providing exceptional service and support to its clients.
Get more information about the company @ : https://pranikgroup.com/
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Pranik Logistics IPO Details |
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| IPO opens on | 10 October 2024 |
| IPO closes on | 14 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2918400 Shares / Rs 22.47 Crore |
| * Fresh Issue | 2918400 Shares / Rs 22.47 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 161,600 Shares |
| Net offer to Public | 2756800 Shares/ Rs.21.23 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.73-77 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 1378400 | 10.62 |
| NII (15%) | 413520 | 3.18 |
| RII (35%) | 964800 | 7.43 |
| Total Shares | 2756800 | 26.22 |
| Retail portion will be oversubscribed by |
603 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1600 Shares | Rs.123200 |
| Min HNI Application | 3200 Shares | Rs.246400 |
Who are the Promoters of Pranik Logistics?
Mr. Pranav Kumar Sonthalia, Ms. Shradha Kumari, and Ms. Minal Sonthalia are the promoters of the company.
What are the Objects of Pranik Logistics IPO?
The Offer comprises of fresh issue of shares
The Company proposes to utilize the funds being raised to fund the following objectives:
- To meet the expenses for Investment in technology;
- To meet out the Capital Expenditure Requirement of the Company;
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Tentative timetable |
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| IPO opens on | 10 October 2024 |
| IPO Closes on | 14 October 2024 |
| IPO Allotment on | 15 October 2024 |
| Refund Initiation | 16 October 2024 |
| Credit of Shares | 16 October 2024 |
| Listing on | 17 October 2024 |
| Registered Office of the Company Pranik Logistics Limited P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata – 700091 |
| Who is the Lead Manager of this IPO? Narnolia Financial Services ltd |
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Who is the Registrar to IPO? |
Pranik Logistics IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Pranik Logistics IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 33.16 | 0.32 | – | |
| 2022-23 | 60.91 | 0.93 | – | |
| 2023-24 | 67.70 | 4.07 | 5.02 | 21.31 |
| Book Value of the Share on 31.03.2024 |
Rs | 31.78 | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 77 | ||
IPO
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| Price/EPS of 23-24 | 15.33 |
| Price/BV Ratio | 3.63 |
| Price/BV after IPO | |
How Pranik Logistics IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Panik Logistic | 10 | 15.33 | |
| S.J. Logistics | 10 | 29.28 | |
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Pranik Logistics IPO Review
Founded in 2015, Pranik Logistics Limited has rapidly established itself as a leading provider of integrated logistics solutions across India. Its company specializes in freight forwarding and transportation services, catering to a diverse range of industries including retail, consumer durables, telecommunications, manufacturing, and pharmaceuticals.
Size: Net size of the IPO is Rs.21.23 crore, comprising of 2756800 shares. IPO size is not very large considering the recent trends. With 603 applications, retail portion can get one time subscribed
Financial Snapshot: During the year 20232-24, just prior to the IPO, the company has shown net profit of Rs. 4.07 crore on the total income of Rs. 67.70 crore. Whereas during 2022-23, it earned net profit of Rs. 93 lacs on the total income of Rs. 60.91 crore. So, sharp rise in the profits for the year 2023-24, it difficult to digest. Moreover the business in which the company operates it of personalised nature. May avoid.
+ from fundamental angle: May Avoid
+ from grey market angle: ?
Quicklinks
Pranik Logistics IPO GMP today allotment, review?
Pranik Logistics IPO GMP grey market premium
Pranik Logistics IPO FAQs
What is Pranik Logistics IPO?
This is a SME IPO of 29,18,400 equity shares of the face value of Rs. 10 aggregating up to Rs.22.47 Crores. The issue is priced at Rs.77 per share. The minimum order quantity is 1600 Shares.
When will Pranik Logistics IPO subscription open?
Pranik Logistics IPO opens on October 10, 2024, and closes on October 14, 2024.
What is the lot size of Pranik Logistics IPO?
Pranik Logistics IPO lot size is 1600 Shares, and the minimum amount required is Rs.123200
How to apply for Pranik Logistics IPO?
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.
When is Pranik Logistics IPO allotment?
The finalization of Basis of Allotment for Pranik Logistics IPO will be done on October 15, 2024, and the allotted shares will be credited to your demat account by October 16, 2024.
When is Pranik Logistics IPO listing date?
Pranik Logistics IPO listing date is October 17, 2024.
