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Pranik Logistics IPO

  • Status: Closed
  • RHP:
  • ₹ 116,800 / 1600 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    17 Oct 2024

  • Listing Price

    ₹ 79.00

  • Listing Change

    2.60%

  • Last Traded Price

    ₹ 91.00

IPO Details

  • Open Date

    10 Oct 2024

  • Close Date

    14 Oct 2024

  • IPO Price Range

    ₹ 73 to ₹ 77

  • IPO Size

    ₹ 22.47 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    17 Oct 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Pranik Logistics IPO Subscription Status

Last Updated: 14 October 2024 6:35 PM by 5Paisa

Pranik Logistics IPO is set to open on 10 October 2024 and will close on 14 October 2024. The company is a nationwide logistics provider offering services as both a freight forwarder and a transporter.

The IPO includes a fresh issue of 29.18 lakh shares aggregating ₹22.47 Cr and does not include OFS. The price range is set between ₹73 - ₹77 per share and the lot size is 1600 shares. 

The allotment is scheduled to be finalized on 15 October 2024. It will go public on NSE SME, with a tentative listing date of 17 October 2024.

Narnolia Financial Services Ltd is the book running lead manager, while Maashitla Securities Private Limited is the registrar.
 

Pranik Logistics IPO Size

Types Size
Total IPO Size ₹22.47 Cr
Offer For Sale -
Fresh Issue ₹22.47 Cr

 

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 IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 35.67 5,55,200 1,98,06,400 152.51
NII (HNI) 744.05 4,14,400 30,83,34,400 2,374.17
Retail 97.21 9,66,400 9,39,44,000 723.37
Total 218.02 19,36,000 42,20,84,800 3,250.05

 

Pranik Logistics IPO Anchor Allocation

Anchor Bid Date 9 October, 2024
Shares Offered 820,800
Anchor portion Size (In ₹ Cr.) 6.32
Anchor lock-in period end date for 50% shares (30 Days) 14 November, 2024
Anchor lock-in period end date for remaining shares (90 Days) 13 January, 2024

 

1. Invest in new technology
2. Cover the company's capital expenses
3. Meet day to day working capital needs
4. Support general business operations
5. To meet out the Issue Expenses.
 

Pranik Logistics established in 2015, offers a comprehensive range of logistics services across India. Acting as a freight forwarder and transporter the company provides integrated solutions like transportation, warehousing, material handling and freight forwarding. It serves clients across various sectors including retail, consumer goods, telecom, manufacturing and pharmaceuticals.

The company operates its own fleet of 86 commercial vehicles, which are also available for lease. Additionally, Pranik Logistics manages 30 warehouses directly, ensuring smooth and efficient handling of goods for its clients.

Peers

S J Logistics (india) Limited

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 67.70 60.91 33.61
EBITDA 9.34  3.45 0.98
PAT 4.07 0.93 0.32
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 35.68 23.53 14.04
Share Capital 5.39  5.39  2.60
Total Borrowings 17.84 13.82 5.78
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 5.98  3.48 1.61
Net Cash Generated From / (used in) investing activities -1.65  -3.40 -1.29
Net Cash Generated From / (used in) financing activities -1.59  2.78 0.55
Net Increase (Decrease) In Cash And Cash Equivalents 2.74  2.76 0.88


Strengths

1. Pranik Logistics has a team of highly qualified and experienced managers, ensuring effective leadership and strategic direction.

2. The company's asset light approach allows for greater flexibility and lower capital expenditure, enhancing operational efficiency.

3. Pranik Logistics serves a wide range of customers across various geographies and industries, reducing dependency on any single market.
 

Risks

1. The logistics industry is highly competitive and Pranik Logistics may face challenges in maintaining market share against established players and new entrants.

2. The company's performance could be affected by economic downturns which may lead to reduced demand for logistics services across sectors.

3. Changes in regulations or compliance requirements in the logistics sector can impose additional operational costs and challenges, impacting profitability.
 

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FAQs

Pranik Logistics IPO opens from 10 October to 14 October 2024.

The size of the Pranik Logistics IPO is ₹22.47 Cr.

The price of the Pranik Logistics IPO is fixed at ₹73 - ₹77 per share. 

To apply for Pranik Logistics IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for Pranik Logistics IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Pranik Logistics IPO is 1600 shares and the investment required is ₹1,16,800.
 

The share allotment date of Pranik Logistics IPO is 15 October 2024.

The Pranik Logistics IPO will be listed on 17 October 2024.

Narnolia Financial Services Ltd is the book running lead manager for Pranik Logistics IPO.
 

Pranik Logistics plans to utilize the raised capital from the IPO for:

1. Invest in new technology
2. Cover the company's capital expenses
3. Meet day to day working capital needs
4. Support general business operations
5. To meet out the Issue Expenses.