Pranik Logistics IPO subscription Status opened on Thursday, October 10, 2024, and will close on October 14, 2024. In total, the IPO aims to raise approximately ₹22.47 crores. Moreover, the allocation is structured with a retail quota of 35%, a Qualified Institutional Buyer (QIB) portion of 50%, and a Non-Institutional Investor (NII) share of 15%. Finally, the price band for the IPO is set between ₹73 and ₹77 per equity share.
The IPO consists of a minimum market lot of 1600 Shares requiring an application amount of ₹123,200. Pranik Logistics is an SME IPO that will be listed on the NSE.
Also read: Pranik Logistics IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
Pranik Logistics Limited, incorporated in 2015 at P. S. Srijan Tech Park in Kolkata, West Bengal, has since grown into a leading PAN India logistics provider. The company offers a comprehensive range of services, including freight forwarding, transportation, material handling, and warehousing, catering to industries such as retail, consumer durables, telecom, manufacturing, and pharmaceuticals.
Over the years, the company has significantly expanded its operations by adding around 30 new warehouses. Moreover, it has implemented advanced technology solutions tailored to meet client needs. Additionally, Pranik Logistics operates a fleet of 86 commercial vehicles, which can also be leased, providing added flexibility to its operations.
In terms of financial performance, the company’s profit after tax surged by an impressive 336%, further highlighting its robust growth. Furthermore, revenue projections for 2024 are expected to reach ₹66.84 million, a substantial rise from ₹20.67 million in 2021, demonstrating the company’s strong market position and continuous upward trajectory.
IPOGMP.IN View
We recommend that investors consider applying for the IPO with a long-term perspective. Moreover, it is essential for investors to review the QIB, NII, and retail numbers before making an investment.
Pranik Logistics IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 0.00 |
| NII | 0.90 | 1.43 | 0.00 |
| RII | 4.57 | 8.11 | 0.00 |
| Total | 2.47 | 4.36 | 0.00 |
Pranik Logistics IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Pranik Logistics
- Avoid
Pranik Logistics IPO Form
To apply for the Pranik Logistics IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The Pranik Logistics IPO subscription will begin on October 10, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and retail investors.
You can subscribe via ASBA or non-ASBA options. To do this, simply access your bank account to apply online through ASBA, download a form online, or obtain a physical one. Afterward, submit the completed form to your broker or bank.
To check the live IPO subscription numbers, visit our portal, which updates these figures hourly from official websites. Additionally, you can also check the status on the official IPO page.
Firstly, log in to your Zerodha Console and go to Portfolio, then click on IPO. Next, select “Pranik Logistics,” click the Bid button, enter your UPI ID, quantity, and price, and then submit the application. Finally, approve the mandate in your UPI app and ensure you have a Demat account with Zerodha.
Firstly, log in to the Upstox application and select the IPO for “Pranik Logistics.” Next, click the Bid button to confirm your application, and then approve the mandate in your UPI app. Lastly, make sure you have a Demat account with Upstox.
Follow IPOGMP.IN for Upcoming IPO news and IPO GMP. Connect with us on Twitter, Facebook, and Instagram.
