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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 ₹77.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,16,800 (1600 shares). The minimum lot size investment for 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 Date | October 10, 2024 to October 14, 2024 |
| Listing Date | October 17, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹73 to ₹77 per share |
| Issue Price Final | ₹77 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,18,400 shares (aggregating up to ₹22.47 Cr) |
| Reserved for Market Maker | 1,61,600 shares Prabhat Financial Services Ltd. (aggregating up to ₹1.24 Cr) |
| Net Offered to Public | 27,56,800 shares (aggregating up to ₹21.23 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 80,91,750 shares |
| Share Holding Post Issue | 1,10,10,150 shares |
Pranik Logistics IPO offers total 29,18,400 shares. Out of which 13,76,000 (47.15%) allocated to QIB, 5,55,200 (19.02%) allocated to QIB, 4,14,400 (14.20%) allocated to NII, 9,66,400 (33.11%) allocated to RII and 8,20,800 (28.13%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,61,600 (5.54%) |
| QIB Shares Offered | 13,76,000 (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 (14.20%) |
| Retail Shares Offered | 9,66,400 (33.11%) |
| Total Shares Offered | 29,18,400 (100.00%) |
Pranik Logistics IPO raises ₹6.32 crore from anchor investors. Pranik Logistics IPO Anchor bid date is October 9, 2024. Pranik Logistics IPO Anchor Investors list
| Bid Date | October 9, 2024 |
| Shares Offered | 8,20,800 |
| Anchor Portion Size (In Cr.) | 6.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 19, 2025 |
Pranik Logistics IPO opens on October 10, 2024, and closes on October 14, 2024.
| IPO Open Date | Thu, Oct 10, 2024 |
| IPO Close Date | Mon, Oct 14, 2024 |
| Tentative Allotment | Tue, Oct 15, 2024 |
| Initiation of Refunds | Wed, Oct 16, 2024 |
| Credit of Shares to Demat | Wed, Oct 16, 2024 |
| Tentative Listing Date | Thu, Oct 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 14, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 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 |
| Total Income | 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Pranik Logistics IPO is ₹84.78 Cr.
KPI as of Sun, Jun 30, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 5.02 | 3.96 |
| P/E (x) | 15.33 | 19.46 |
The Company proposes to utilize the funds being raised to fund the following objectives:
[Dilip Davda] The company is engaged in providing end-to-end logistics services on a Pan India basis. It is primarily operating as a carrying and forwarding agent. The company marked steady growth in its top lines for the reported periods, but a sudden boost in pre-IPO periods from FY24 onwards raises eyebrows and concern over its sustainability as it is operating in a highly competitive and fragmented segment. Based on FY25 annualized super earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds in this fully priced issue for long term. Read detail review...
| Listing Date | October 17, 2024 |
| BSE Script Code | |
| NSE Symbol | PRANIK |
| ISIN | INE0VJG01014 |
| Final Issue Price | ₹77 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹77.00 |
| Open | ₹79.00 |
| Low | ₹79.00 |
| High | ₹82.95 |
| Last Trade | ₹82.95 |
Pranik Logistics Ltd.
P. S. Srijan Tech Park, Plot No. 52,
Block DN, 14th Floor, Sector V,
Salt Lake,
Kolkata, West Bengal, 700091
Phone: +91 7667852418
Email: ayon@pranikgroup.com
Website: https://pranikgroup.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Pranik Logistics IPO is a SME IPO of 29,18,400 equity shares of the face value of ₹10 aggregating up to ₹22.47 Crores. The issue is priced at ₹77 per share. The minimum order quantity is 1600.
The IPO opens on October 10, 2024, and closes on October 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 October 10, 2024 and closes on October 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 Wednesday, October 16, 2024. Check the Pranik Logistics IPO allotment status.
The Pranik Logistics IPO listing date is on Thursday, October 17, 2024.
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