Pranik Logistics IPO Details
Pranik Logistics IPO Summary
Pranik Logistics IPO opens for subscription on 10 Oct 2024 and closes on 14 Oct 2024.The IPO will be listed on NSE with the tentative listing date set for 17 Oct 2024.
Pranik Logistics IPO price band has been fixed at ₹73 – ₹77 per share. The face value is ₹10 per share with a lot size of 1600.
Pranik Logistics IPO total issue size comprises 29,18,400 shares (aggregating up to ₹22.47 Cr). This includes a fresh issue of 29,18,400 shares (aggregating up to ₹22.47 Cr).
Pranik Logistics IPO carries a ₹4 (5.19%) GMP, reflecting investor sentiment.
Pranik Logistics IPO Lot Size :Retail Minimum is 1 lot (1,600 shares) amounting to ₹123,200. Retail Maximum is 1 lot (1,600 shares) amounting to ₹123,200. SHNI Minimum is 2 lots (3,200 shares) amounting to ₹246,400.
The Lead Managers for Pranik Logistics IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Narnolia Financial Services Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Prabhat Financial Services. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Pranik Logistics Limited RHP.
Pranik Logistics IPO Details
Pranik Logistics IPO Subscription
Pranik Logistics IPO Application Wise Breakup
Pranik Logistics IPO Dates
- 10 Oct 2024Opening dateOpen
- 14 Oct 2024Closing dateClose
- 15 Oct 2024Allotment Date Allotment
- 16 Oct 2024Initiation of RefundsRefund
- 16 Oct 2024Credit of SharesCredit
- 17 Oct 2024Listing dateListing
Pranik Logistics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹123,200 |
| Retail Maximum | 1 | 1600 | ₹123,200 |
| SHNI Minimum | 2 | 3200 | ₹246,400 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Pranik Logistics IPO Reservation
Promoter Holding
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Pranik Logistics IPO Valuations
Pranik Logistics Financial Information
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 | ||||||||||||||||||||||||||||||||||||
| 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 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About Pranik Logistics IPO
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
- Experienced and qualified management team
- Long-standing customer relationships with its customers from various industries
- Asset-light business model
- Quality assurance and standards
As at September 30, 2024, the company had 625 permanent employees.
Strength Of Pranik Logistics IPO
1. Timely and safe deliveries.
2. Experienced management team and a motivated and efficient work force.
3. Cordial relations with our clients.
Risk Of Pranik Logistics IPO
1. The Company does not own the premises through which its conduct the company's business operations.
2. Its business heavily relies on the expertise and guidance of the company's Directors and Key Managerial Personnel to ensure sustained success. The loss of any of them could have a significant impact on the company.
3. There is outstanding litigation pending against its Promoters which, if determined adversely, could affect the company's business, results of operations and financial condition.
4. The company does not own any technology for operating its business and currently the company relies on the technology provided by its client. Further any disruption or failures of technological systems may affect its operations.
5. The company depends on its top customers for a significant portion of its revenues. The loss of a major customer or significant reduction in demand from any of the company major customers may adversely affect its business, financial condition, results of operations and prospects.
6. The Company has negative cash flows from its operating, investing and its financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact on its growth and business.
7. Its contingent liabilities as stated in the company Restated Financial Statements could adversely affect its financial conditions.
8. The company depends on third parties to acquires vehicles utilized in its transportation operations. Further, market instability, including changes in fuel costs may adversely impact the company's operations and financial performance.
9. The restated financial statements have been provided by peer reviewed chartered accountants who are not statutory auditors of the Company.
10. Its top five states contribute its major revenue for the period ended June 30, 2024, and year ended 31st March 2024, 2023, 2022. Any loss of business from one or more of these states may adversely affect its revenues and profitability.
Objectives Pranik Logistics IPO
- To meet the expenses for Investment in technology;
- To meet out the Capital Expenditure Requirement of the Company;
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Company 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
Email: ayon@pranikgroup.com
Website: https://pranikgroup.com/
Registrar Contact Details
Pranik Logistics FAQs
The Pranik Logistics IPO is a SME public issue comprising 2918400 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹22.47 Cr. The issue price has been fixed at ₹77 per equity share, and the minimum application size is 1600 shares.
The IPO opens for subscription on 10 Oct 2024, and closes on 14 Oct 2024.
Maashitla Securities Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹4 (5.19%).
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