The Pranik Logistics IPO is set to open on October 10, 2024, and will close on October 14, 2024. Notably, this IPO follows a book-built issue format and aims to raise approximately ₹22.47 crores. Specifically, the offering comprises a fresh issue valued at ₹22.47 crores, in addition to an offer for sale of [.] equity shares, each carrying a face value of ₹10.
Table of contents
- Pranik Logistics IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Pranik Logistics IPO GMP (Grey Market Premium)
- Pranik Logistics IPO Application Form PDF
- Pranik Logistics IPO Subscription Status
- Pranik Logistics IPO Allotment Status
- IPO Review
- Pranik Logistics IPO Registrar
- Pranik Logistics IPO Lead Manager
- Pranik Logistics Limited Contact
- FAQs
Pranik Logistics IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Pranik Logistics Limited |
| Industry | Logistics and Transportation |
| IPO Issue Type | Book Built Issue |
| Open Date | October 10, 2024 |
| Close Date | October 14, 2024 |
| Total Issue Size | ₹22.47 Crores (2,918,400 Equity Shares) |
| Fresh Issue | ₹22.47 Crores (2,918,400 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹73 to ₹77 per share |
| Listing on | NSE SME |
| Lot Size | 1600 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
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.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | October 10, 2024 |
| IPO Close Date | October 14, 2024 |
| Basis of Allotment | October 15, 2024 |
| Refunds | October 16, 2024 |
| Credit to Demat Account | October 16, 2024 |
| IPO Listing Date | October 17, 2024 |
Financials (₹ in Lakhs)
| 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 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3200 | ₹246,400 |
The objective of the Issue
- In order to cover the expenses related to investing in technology.
- Additionally, to fulfill the company’s capital expenditure requirements.
- Furthermore, to address the company’s working capital needs.
- Moreover, it supports general corporate purposes.
- Lastly, to cover the expenses associated with the issue.
Company Promoters
- Mr. Pranav Kumar Sonthalia
- Ms. Shradha Kumari
- Ms. Minal Sonthalia
Pranik Logistics IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Pranik Logistics IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Pranik Logistics Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Pranik Logistics IPO Application Form PDF
To download the Pranik Logistics IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Pranik Logistics IPO Subscription Status
This IPO subscription kicks off on October 10, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Pranik Logistics IPO Allotment Status
To check the Pranik Logistics IPO allotment status go to the IPO registrar website Maashitla or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company ensures both timely and secure deliveries.
- Additionally, it benefits from an experienced management team along with a motivated and efficient workforce.
- Furthermore, it maintains strong and positive relationships with its clients.
Risks:
- However, the company does not own the premises from which it conducts its business operations.
- Moreover, the business heavily depends on the expertise and leadership of its Directors and Key Managerial Personnel. The loss of any of them could significantly affect the company’s performance.
- Lastly, ongoing litigation against its Promoters, if resolved unfavorably, could adversely impact the company’s operations, financial results, and overall condition.
Pranik Logistics IPO Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Pranik Logistics IPO Lead Manager
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email: ipo@narnolia.com
Website: www.narnolia.com
Pranik Logistics Limited Contact
PRANIK LOGISTICS LIMITED
P. S. Srijan Tech Park, Plot No. 52, Block DN,
14th Floor, Sector V, Salt Lake, Kolkata – 700091
Phone: +91 7667852418
E-mail: ayon@pranikgroup.com
Website: www.pranikgroup.com
FAQs
Pranik Logistics IPO is an SME IPO through which the company aims to raise ₹22.47 crores. Notably, the issue is priced between ₹73 and ₹77 per equity share, and it will be listed on the NSE.
The Pranik Logistics IPO will open for subscription on October 10, 2024, and will close on October 14, 2024. It will be available for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and retail investors.
The allocation is divided as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for retail investors.
You can apply for Pranik Logistics’s IPO through ASBA online using your bank account. Alternatively, you can also use UPI via your stock broker. Additionally, you have the option to apply by filling out an offline form with your stock broker.
Overall, the issue size of Pranik Logistics’s IPO is ₹22.47 crores.
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