Pranik Logistics IPO will open for subscription from 10 October 2024. The company aims for an issue size of ₹22.47 Cr through this IPO.
Company Overview
| Full name | Pranik Logistics Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | https://pranikgroup.com/ |
About Company
Pranik Logistics is a pan India logistics provider, acting as a carrying and forwarding agent and providing integrated services including transportation, warehousing, material handling, and freight forwarding to customers belonging to various industries such as Automotive, Engineering, Construction, Customer durables, Retail, Textile.
The company manages a fleet of commercial vehicles, comprising more than 80 vehicles that it owns, and other vehicles are managed through leasing on a trip-to-trip basis. It operates 30 warehouses located in PAN India with a strong presence in West Bengal, Bihar, Jharkhand, and Gujarat. As of 31 March 2024, Pranik Logistics has employed around 490 people on payroll.
The Objectives of the Issue
- To meet the expenses for Investment in technology;
- For Capital Expenditure Requirement of the Company;
- To meet out the Working Capital requirements of the Company;
- For General Corporate Purposes; and
- For Issue Expenses.
Pranik Logistics IPO Timetable
| IPO Opening date | 10 October 2024 |
| IPO Closing | 14 October 2024 |
| Basis of Allotment | 15 October 2024 |
| Initiation Refund | 16 October 2024 |
| Credit to Demat Account | 16 October 2024 |
| Listing Date | 17 October 2024 |
Pranik Logistics IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹22.47 Cr – 2,918,400 shares |
| Fresh Issue | ₹22.47 Cr – 2,918,400 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹73 to ₹77 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 161,600 shares |
| Shareholding pre-issue | 8,091,750 |
| Shareholding post-issue | 11,010,150 |
| Listing Exchange | BSE & NSE SME |
Pranik Logistics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |
Pranik Logistics Offer Documents
Pranik Logistics IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Pranik Logistics Financial Performance
| FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 | |
| Revenue | 33.47 | 60.53 | 66.84 | 22.31 |
| Expenses | 33.13 | 59.55 | 62.13 | 21.03 |
| Net income | 0.31 | 0.93 | 4.07 | 1.09 |
Pranik Logistics Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.21 | 1.73 | 7.54 |
| PE ratio | – | – | 9.68 – 10.21 |
| RONW (%) | 8.67 | 12.66 | 35.56 |
| NAV | 14.00 | 13.66 | 21.19 |
| ROCE (%) | 15.40 | 23.38 | 54.14 |
| EBITDA (%) | 2.92 | 5.70 | 13.98 |
| Debt/Equity | 1.59 | 1.88 | 1.56 |
Company Promoters
- Mr. Pranav Kumar Sonthalia
- Ms. Shradha Kumari
- Ms. Minal Sonthalia
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.49% |
Pranik Logistics Offer GMP Update
Coming Soon
Pranik Logistics IPO Subscription Update
Coming Soon
Pranik Logistics Offer Allotment Status
Pranik Logistics IPO allotment status will be available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Pranik Logistics IPO Listing Details
| Listing Date | 17 October 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
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Pranik Logistics IPO Lead Manager(s)
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 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 Contact Details
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
Pranik Logistics IPO FAQs
What is Pranik Logistics offer size?
Pranik Logistics offer size is ₹ 21.30 – 22.47 crores.
What is Pranik Logistics offer price band?
Pranik Logistics public offer price is ₹ 73 – 77 per share.
What is the lot size of Pranik Logistics Offer?
Pranik Logistics offer lot size is 1,600 shares.
What is Pranik Logistics Offer GMP today?
Pranik Logistics IPO GMP today is ₹ NA per share.
What is Pranik Logistics kostak rate today?
Pranik Logistics kostak rate today is ₹ NA per application.
What is Pranik Logistics IPO Subject to Sauda rate today?
Pranik Logistics’s Subject to Sauda rate today is ₹ NA per application.
Final thoughts
Pranik Logistics IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
