Pranik Logistics Limited – IPO

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.

Pranik Logistics Limited – IPO Details

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 Timeline (Tentative Schedule)

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

Pranik Logistics Limited IPO Lot Size

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)

Pranik Logistics Limited IPO Promoter Holding

Share Holding Pre Issue 99.99%
Share Holding Post Issue 73.49%

Pranik Logistics Limited IPO Reservation

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

Pranik Logistics Limited IPO Anchor Investors Details

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

About Pranik Logistics Limited

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.

Key Performance Indicator

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

Objects of the Issue (Pranik Logistics Limited IPO Objectives)

Pranik Logistics Limited 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/

Pranik Logistics Limited IPO Registrar

Maashitla Securities Private Limited

Phone: +91-11-45121795-96

Email: ipo@maashitla.com

Website: https://maashitla.com/allotment-status/public-issues

Frequently Asked Questions


What is Pranik Logistics Limited IPO?
The Pranik Logistics Limited IPO is classified as an Mainline IPO. The issue price is set between ₹73 and ₹77 per equity share. A minimum of 1600 shares is required per order. The IPO will be open from October 10, 2024, to October 14, 2024. The shares are proposed to be listed on NSE SME.

When does the Pranik Logistics Limited IPO open and close?
The Pranik Logistics Limited IPO will be opened on October 10, 2024, and closed on October 14, 2024.

What is the issue size of the Pranik Logistics Limited IPO?
The size of the Pranik Logistics Limited IPO is in total. A fresh issue of ₹22.47 Cr shares, aggregating up to , is included.

What is the price band of the Pranik Logistics Limited Limited IPO?
The price band for the IPO has been set between ₹73 - ₹77 per equity share.

What is the allotment date of the Pranik Logistics Limited IPO?
The share allotment date for the Pranik Logistics Limited IPO is set for October 15, 2024.

What is the Pranik Logistics Limited listing date?
The Pranik Logistics Limited IPO is scheduled to be listed on October 17, 2024.

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