Bookbuilding IPO | ₹22 Cr | Listed at NSE SME | Thu, Oct 10, 2024 - Mon, Oct 14, 2024
Pranik Logistics IPO is a book build issue of ₹22.47 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹22.47 crore.
Pranik Logistics IPO bidding started from Oct 10, 2024 and ended on Oct 14, 2024. The allotment for Pranik Logistics IPO was finalized on Oct 15, 2024. The shares got listed on NSE SME on Oct 17, 2024.
Pranik Logistics IPO price band is set at ₹77 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,23,200 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,46,400.
Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd..
Refer to Pranik Logistics IPO RHP for detailed Information.
IPO Open
Thu, Oct 10, 2024
IPO Close
Mon, Oct 14, 2024
Issue Price
₹77 per share
Market Cap (Pre-IPO)
₹84.78 Cr
| IPO Date | 10 to 14 Oct, 2024 |
| Listed on | Thu, Oct 17, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹77 |
| Issue Price | ₹77 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 29,18,400 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 1,61,600 shares Prabhat Financial Services Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 27,56,800 shares (agg. up to ₹21 Cr) |
| Net Offered to Public | 27,56,800 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 80,91,750 shares |
| Share Holding Post Issue | 1,10,10,150 shares |
| NSE Symbol | PRANIK |
| ISIN | INE0VJG01014 |
Pranik Logistics IPO comprises a total issue size of 29,18,400 shares. The net offer to the public is 27,56,800 shares, after excluding 1,61,600 shares allotted on a firm basis. Of the Net offer 13,76,000 (49.91%) are allocated to QIB, 4,14,400 (15.03%) allocated to NII 9,66,400 (35.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,76,000 | 49.91% | 47.15% |
| − Anchor Investor Shares Offered | 8,20,800 | 28.13% | |
| − QIB (Ex. Anchor) Shares Offered | 5,55,200 | 19.02% | |
| NII (HNI) Shares Offered | 4,14,400 | 15.03% | 14.20% |
| Retail Shares Offered | 9,66,400 | 35.06% | 33.11% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,61,600 | 5.54% | |
| Total Shares Offered | 29,18,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,23,200 |
| Retail (Max) | 1 | 1,600 | ₹1,23,200 |
| HNI (Min) | 2 | 3,200 | ₹2,46,400 |
Pranik Logistics IPO raises ₹6.32 crore from anchor investors. Pranik Logistics IPO Anchor bid date is October 9, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Oct 9, 2024 |
| Shares Offered | 8,20,800 |
| Anchor Portion (₹ Cr.) | 6.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Nov 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jan 19, 2025 |
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.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 38.43 | 35.68 | 23.53 | 14.04 |
| Total Income | 22.49 | 67.70 | 60.91 | 33.61 |
| Profit After Tax | 1.09 | 4.07 | 0.93 | 0.32 |
| NET Worth | 12.52 | 11.43 | 7.37 | 3.64 |
| Reserves and Surplus | 4.43 | 6.04 | 1.97 | 1.04 |
| Total Borrowing | 19.62 | 17.84 | 13.82 | 5.78 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the expenses for Investment in technology | 0.80 |
| 2 | To meet out the Capital Expenditure Requirement of Company; | 2.20 |
| 3 | To meet out the Working Capital requirements of the Company; | 12.00 |
| 4 | To meet out the General Corporate Purposes; and | 5.00 |
| KPI | Jun 30, 2024 |
|---|---|
| ROE | 8.70% |
| ROCE | 11.79% |
| Debt/Equity | 1.57 |
| RoNW | 8.70% |
| PAT Margin | 4.88% |
| Price to Book Value | 3.63 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.02 | 3.96 |
| P/E (x) | 15.33 | 19.46 |
| Promoter Holding | 99.99% | 73.49% |
| Market Cap | ₹84.78 Cr. |
The Pranik Logistics IPO is subscribed 218.02 times on October 14, 2024 6:19:59 PM (Day 3). The public issue subscribed 97.21 times in the retail category, 35.67 times in the QIB category, and 744.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 35.67 | 5,55,200 | 1,98,06,400 |
| NII* | 744.05 | 4,14,400 | 30,83,34,400 |
| Retail | 97.21 | 9,66,400 | 9,39,44,000 |
| Total | 218.02 | 19,36,000 | 42,20,84,800 |
Total Application : 58,715
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager(s) fees. | 0.50 |
| 2 | Underwriting commission. | 1.10 |
| 3 | Brokerage, selling commission and upload fees. | 0.02 |
| 4 | Registrars to the issue | 0.08 |
| 5 | Legal Advisors | 0.05 |
| 6 | Printing, advertising expenses | 0.07 |
| 7 | Regulators including stock exchanges | 0.05 |
| 8 | Others, if any (Peer Review Auditors, Market maker fees, Marketing and other misc. expenses like printing & stationery etc.) | 0.60 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹77.00 |
| Open | ₹79.00 |
| Low | ₹79.00 |
| High | ₹82.95 |
| Last Trade | ₹82.95 |
Lead Manager Reports
Pranik Logistics IPO is a SME IPO of 29,18,400 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹77 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Oct 10, 2024, and closes on Mon, Oct 14, 2024.
Maashitla Securities Pvt.Ltd. 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 Thu, Oct 10, 2024 and closes on Mon, Oct 14, 2024.
Pranik Logistics IPO lot size is 1600, and the minimum amount required for application is ₹1,23,200.
You can apply in Pranik Logistics IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Wed, Oct 16, 2024. Check the Pranik Logistics IPO allotment status.
The Pranik Logistics IPO listing date is on Thu, Oct 17, 2024.
