The Pranik Logistics IPO is a book-built issue of ₹22.47 crores. An entirely fresh issue of 29.18 lakh shares is being offered.
The Pranik Logistics IPO will be opened for subscription on October 10, 2024, and will be closed on October 14, 2024. The allotment is expected to be finalized on Tuesday, October 15, 2024. The listing is set to take place on NSE SME, with a tentative listing date of Thursday, October 17, 2024.
The price band has been set between ₹73 and ₹77 per share. A minimum lot size of 1,600 shares is required for an application. Retail investors are required to invest a minimum of ₹123,200. For HNIs, the minimum investment is 2 lots (3,200 shares), amounting to ₹246,400.
| IPO Date | October 10, 2024 to October 14, 2024 |
| Listing Date | October 17, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 73 to ₹ 77 / Share |
| Lot Size | 1600 Shares |
| Total Issue Size | ₹22.47 Cr |
| Fresh Issue | ₹22.47 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,091,750 |
| Share holding post issue | 11,010,150 |
| Market Maker portion | 161,600 shares |
Pranik Logistics Limited IPO opens on October 10, 2024, and closes on October 14, 2024.
| IPO Open Date | October 10, 2024 |
| IPO Close Date | October 14, 2024 |
| Basis of Allotment | October 15, 2024 |
| Initiation of Refunds | October 16, 2024 |
| Credit of Shares to Demat | October 16, 2024 |
| Listing Date | October 17, 2024 |
| Cut-off time for UPI mandate confirmation | October 14, 2024 |
A minimum of 1,600 shares, and in multiples thereof, can be bid for by investors. The table below depicts the minimum and maximum investment by retail investors and HNIs in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | Rs.123,200 |
| Retail (Max) | 1 | 1,600 | Rs.123,200 |
| S-HNI (Min) | 2 | 3,200 | Rs.246,400 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.49% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
|
| NII (HNI) Shares Offered | |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | 2024-10-09 |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | 6.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 14, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 13, 2025 |
Pranik Logistics Limited, founded in 2015, offers integrated logistics solutions.
The company operates as a PAN India logistics provider, functioning as a freight forwarder and transporter. Integrated services such as transportation, warehousing, material handling, and freight forwarding are provided to clients in various industries, including retail, consumer durables, telecom, manufacturing, and pharmaceuticals.
A fleet of 86 commercial vehicles is owned by the company, which can also be leased if required. Additionally, 30 warehouses are managed directly by the company.
| KPI | Values |
|---|---|
| ROE | 8.70% |
| ROCE | 11.79% |
| Debt/Equity | 1.57 |
| RoNW | 8.70% |
| P/BV | 3.63 |
| PAT Margin (%) | 4.88 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.02 | 3.96 |
| P/E (x) | 15.33 | 19.46 |
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/ |
Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
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