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Pranik Logistics IPO vs Premium Plast IPO

Comparison between Pranik Logistics IPO and Premium Plast IPO.

IPO Details

Pranik Logistics IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Premium Plast IPO is a SME Bookbuilding proposed to list at NSE SME.

 Pranik Logistics IPOPremium Plast IPO
LogoPranik Logistics IPO LogoPremium Plast IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersNarnolia Financial Services Ltd.Khandwala Securities Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerPrabhat Financial Services Ltd.Asnani Stock Broker Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Pranik Logistics IPO is up to ₹21.23 Cr whereas the issue size of the Premium Plast IPO is up to ₹24.87 Cr. The final issue price of Pranik Logistics IPO is ₹77.00 per share and of Premium Plast IPO is ₹49.00 per share.

 Pranik Logistics IPOPremium Plast IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹73.00 per share₹46.00 per share
Issue Price (Upper)₹77.00 per share₹49.00 per share
Issue Price (Final)₹77.00 per share₹49.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares3000 shares
Fresh Issue Size27,56,800 shares50,76,000 shares
Fresh Issue Size (Amount)up to ₹21.23 Crup to ₹24.87 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,56,800 shares50,76,000 shares
Issue Size Total (Amount)up to ₹21.23 Crup to ₹24.87 Cr

IPO Timetable

Pranik Logistics IPO opens on Oct 10, 2024, while Premium Plast IPO opens on Oct 21, 2024. The closing date of Pranik Logistics IPO and Premium Plast IPO is Oct 14, 2024, and Oct 23, 2024, respectively.

 Pranik Logistics IPOPremium Plast IPO
Anchor Bid DateOct 09, 2024
Issue OpenOct 10, 2024Oct 21, 2024
Issue CloseOct 14, 2024Oct 23, 2024
Basis Of Allotment (Tentative)Oct 15, 2024Oct 24, 2024
Initiation of Refunds (Tentative)Oct 16, 2024Oct 25, 2024
Credit of Share (Tentative)Oct 16, 2024Oct 25, 2024
Listing date (Tentative)Oct 17, 2024Oct 28, 2024
Anchor Lockin End date 1Nov 20, 2024
Anchor Lockin End date 2Jan 19, 2025

Financials & KPIs

Pranik Logistics IPO P/E ratio is 15.33, as compared to Premium Plast IPO P/E ratio of 14.11.

 Pranik Logistics IPOPremium Plast IPO
Financials

Pranik Logistics Limited Financial Information (Restated)

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 Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets3,842.753,568.32,352.731,404.48
Total Income2,248.896,770.086,090.623,360.96
Profit After Tax108.9406.5693.2331.54
Net Worth1,252.091,143.19736.63363.96
Reserves and Surplus442.91603.74197.18103.95
Total Borrowing1,961.831,783.951,382.09577.87
Amount in ₹ Lakhs

Premium Plast Limited Financial Information (Restated Consolidated)

Premium Plast Limited's revenue increased by 6% and profit after tax (PAT) rose by 200% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets4,006.313,809.232,905.452,516.95
Total Income1,212.814,670.594,404.833,104.78
Profit After Tax141.16477.55159.3277.7
Net Worth2,216.671,652.511,174.961,015.64
Reserves and Surplus841.561,176.45698.91539.59
Total Borrowing506.84830.98505.35512.28
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9995.45
Promoter Shareholding (Post-Issue)73.4968.73
P/E Ratio15.3314.11
Market Cap₹84.78 Cr.₹93.58 Cr.
ROE8.70%6.37%
ROCE11.79%7.88%
Debt/Equity1.57
EPS₹5.02₹3.47
RoNW8.70%6.37%

Shares Offered

In the Pranik Logistics IPO Retail Individual Investors (RII) are offered 9,66,400 shares while in Premium Plast IPO retail investors are offered 9,66,400 shares. Qualified Institutional Buyers (QIB) are offered 5,55,200 shares in Pranik Logistics IPO and 5,10,000 shares in Premium Plast IPO.

 Pranik Logistics IPOPremium Plast IPO
Anchor Investor Reserveration8,20,800 shares
Market Maker Reserveration1,61,600 shares2,70,000 shares
QIB5,55,200 shares5,10,000 shares
NII4,14,400 shares22,83,000 shares
RII9,66,400 shares22,83,000 shares
Employee
Others
Total27,56,800 shares50,76,000 shares

Bids Received (Subscription)

Pranik Logistics IPO subscribed 218.02x in total, whereas Premium Plast IPO subscribed 38.87x.

 Pranik Logistics IPOPremium Plast IPO
QIB (times)35.67x6.74x
NII (times)744.05x19.56x
Big NII (times)
Small NII (times)
RII (times)97.21x65.37x
Employee (times)
Other (times)
Total (times)218.02x38.87x