Pranik Logistics is set to launch its IPO investment opportunity, a book-built issue worth ₹22.47 crores, featuring 29.18 lakh fresh shares. Opening for subscription from October 10 to October 14, 2024, this IPO will be listed on the NSE SME with an expected listing date of October 17, 2024.
This upcoming IPOs price band is between ₹73 and ₹77 per share, with a minimum lot size of 1600 shares, requiring retail investors to invest at least ₹123,200. For HNIs, the required minimum investment is 2 lots (3,200 shares), amounting to ₹246,400. Narnolia Financial Services Ltd is the lead manager for this IPO, and Maashitla Securities Private Limited is the registrar.
The Pranik Logistics Limited IPO details provide essential information about the public offering, including the type of issue, subscription dates, price band, lot sizes, and minimum investment requirements. Investors can evaluate these aspects to make informed decisions regarding their participation in the upcoming IPOs, contributing to their investment strategies.
| Pranik Logistics Limited IPO date | October 10, 2024 to October 14, 2024 |
| Price band | ₹73 to ₹77 per share |
| Face value | ₹10 per share |
| Listing at | NSE SME |
| Total issue size | "2,918,400 shares(aggregating up to ₹22.47 Cr)" |
| Fresh issue | "2,918,400 shares(aggregating up to ₹22.47 Cr)" |
| Lot size | 1600 Shares |
| Issue type | Book Built Issue IPO |
| Market maker portion | "161,600 sharesPrabhat Financial Services" |
| Share holding pre issue | 8,091,750 |
| Share holding post issue | 11,010,150 |
The Pranik Logistics Limited IPO timeline outlines key dates and events in the initial public offering process. This includes the subscription period, allotment date, and listing date, providing investors with essential information for planning their investments. A clear timeline ensures that potential investors are well informed about each stage of the IPO journey.
| IPO open date | October 10, 2024, Thursday |
| IPO close date | October 14, 2024, Monday |
| Basis of allotment | October 15, 2024, Tuesday |
| Initiation of refunds | October 16, 2024, Wednesday |
| Credit of shares to demat | October 16, 2024, Wednesday |
| Listing date | October 17, 2024, Thursday |
| Cut-off time for UPI mandate confirmation | October 14, 2024, by 5 PM |
Founded in 2015, Pranik Logistics Limited provides comprehensive integrated logistics solutions across India. As a freight forwarder and transporter, the company provide a range of services, including transportation, warehousing, material handling, and freight forwarding, catering to clients in diverse sectors such as retail, telecom, manufacturing, and pharmaceuticals.
With a fleet of 86 commercial vehicles available for lease, Pranik also operates 30 company-managed warehouses. Its competitive strengths include a skilled management team, long-term relationships with clients, an asset-light business model, and a commitment to quality assurance. As of September 30, 2024, Pranik Logistics employs 625 permanent staff, reflecting its dedication to service excellence in the logistics industry.
The Pranik Logistics IPO represents an exciting investment opportunity for stakeholders looking to tap into the growing logistics sector. With a well-structured approach, this IPO aims to attract both retail and institutional investors, showcasing the company's potential for growth and enhanced market presence in the competitive logistics landscape.
| Period ended | June 30, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Revenue | 2,248.89 | 6,770.08 | 6,090.62 | 3,360.96 |
| assets | 3,842.75 | 3,568.30 | 2,352.73 | 1,404.48 |
| Net worth | 1,252.09 | 1,143.19 | 736.63 | 363.96 |
| Profit after tax | 108.9 | 406.56 | 93.23 | 31.54 |
| Total borrowing | 1,961.83 | 1,783.95 | 1,382.09 | 577.87 |
| Reserves and surplus | 442.91 | 603.74 | 197.18 | 103.95 |
| *Amount in ₹ Lakhs | ||||
The Pranik Logistics IPO boasts several strengths that make it an attractive investment opportunity:
The Pranik Logistics Limited IPO SME presents strong investment prospects for those looking to capitalise on the rapidly expanding logistics sector. With a market capitalisation of ₹84.78 crores, the company demonstrates financial stability as of June 30, 2024.
Key performance metrics of the Pranik Logistics Limited IPO SME include a Return on Equity (ROE) of 8.70%, a Return on Capital Employed (ROCE) of 11.79%, and a Debt/Equity ratio of 1.57. Additionally, the Profit After Tax (PAT) margin is 4.88%, emphasising profitability. The Pre-IPO Earnings Per Share (EPS) was ₹5.02, while post-IPO stands at ₹3.96, with a P/E ratio of 19.46. This SME IPO provides a strong opportunity for potential investors.
The Pranik Logistics IPO is a small and medium-sized enterprise (SME) IPO consisting of 2,918,400 equity shares with a face value of ₹10, aiming to raise ₹22.47 crores. The shares are priced between ₹73 and ₹77 each, with a minimum order quantity of 1,600 shares. The IPO will be available for subscription from October 10 to October 14, 2024. Maashitla Securities Private Limited serves as the registrar for this IPO and is listed on the NSE SME.
The Pranik Logistics IPO will open for subscription on October 10, 2024, and will close on October 14, 2024.
The Basis of Allotment for the Pranik Logistics IPO will be finalised on Tuesday, October 15, 2024. The allotted shares will be credited to your demat account by Wednesday, October 16, 2024. For updates, you can check the Pranik Logistics IPO allotment status.
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