Pranik Logistics IPO Details: The Pranik Logistics IPO is scheduled to open on October 10, 2024, and will close on October 14, 2024. This is a Book Built Issue, with the company aiming to raise approximately ₹22.47 crores through the IPO. This includes a fresh issue of ₹22.47 crores and an offer for sale of [.] equity shares, each with a face value of ₹10.
The IPO price band is set between ₹73 and ₹77 per share. The allocation is divided with 35% reserved for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-Worth Individuals (HNI). Pranik Logistics plans to list on the NSE on October 15, 2024, with the IPO allotment date confirmed as October 11, 2024.
Financially, the company posted revenue of ₹67.70 crores in 2024, up from ₹60.91 crores in 2023, and its profit surged to ₹4.07 crores in 2024, compared to ₹0.93 crores in 2023. Based on these strong financials, long-term investors may consider this IPO a promising opportunity.
Table of Contents
TogglePranik Logistics IPO Objectives:
The Company proposes to utilize the funds being raised to fund the following objectives:
- 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.
Pranik Logistics IPO Review (Apply or Not)
- May Apply
Pranik Logistics IPO Date & Price Band Details:
IPO Open Date: | October 10, 2024 |
IPO Close Date: | October 14, 2024 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹73 to ₹77 Per Share |
Issue Size: | Approx ₹22.47 Crores |
Fresh Issue: | Approx ₹22.47 Crores |
Issue Type: | Book Built Issue |
IPO Listing: | NSE SME |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Pranik Logistics IPO Lot Size:
The minimum market lot for the Pranik Logistics IPO is 1,600 shares, requiring an application amount of ₹1,23,200.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 1600 | ₹123,200 |
Retail Maximum | 1 | 1600 | ₹123,200 |
HNI Minimum | 2 | 3200 | ₹246,400 |
Pranik Logistics IPO Timeline:
The Pranik Logistics IPO is set to open on October 10 and will close on October 14. The allotment of shares will be finalized on October 15, with the listing scheduled for October 17, 2024.
IPO Open Date: | October 10, 2024 |
IPO Close Date: | October 14, 2024 |
Basis of Allotment: | October 15, 2024 |
Refunds: | October 16, 2024 |
Credit to Demat Account: | October 16, 2024 |
IPO Listing Date: | October 17, 2024 |
Pranik Logistics IPO GMP Today:
The Grey Market Premium (GMP) for the Pranik Logistics SME IPO stands at ₹0. With a price band of ₹77 per share, the estimated listing price is ₹77. Based on today’s GMP, the expected gain or loss per share is 0.00%.
Promoters of Pranik Logistics IPO
The key promoters of Pranik Logistics are Mr. Pranav Kumar Sonthalia, Ms. Shradha Kumari, and Ms. Minal Sonthalia.
About Pranik Logistics
Pranik Logistics Limited was founded in 2015 and is headquartered at P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata, West Bengal – 700091. The company has grown its business to include services such as material handling, freight forwarding, warehousing, and transport. With the addition of 30 new warehouses, Pranik Logistics now offers advanced technology-driven solutions tailored to client needs. The company has seen impressive growth, with profit after tax increasing by 336%. In 2024, revenue is projected to reach ₹66.84 million, up from ₹20.67 million in 2021.
Pranik Logistics IPO Company Financial Report
The company reported revenue of ₹67.70 crores in 2024 against ₹60.91 crore in 2023. The company reported profit of ₹4.07 crores in 2024 against profit of ₹0.93 crores in 2023.
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹33.61 | ₹33.13 | ₹0.32 | ₹14.04 |
2023 | ₹60.91 | ₹59.55 | ₹0.93 | ₹23.53 |
2024 | ₹67.70 | ₹62.13 | ₹4.07 | ₹35.68 |
June 2024 | ₹22.49 | ₹21.03 | ₹1.09 | ₹38.43 |
Pranik Logistics IPO Valuation – FY2024
Check Pranik Logistics IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 35.56% |
ROCE: | 54.14% |
EBITDA Margin: | 13.98% |
PAT Margin: | 6.08% |
Debt to equity ratio: | 2.20 |
Earning Per Share (EPS): | ₹7.54 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 35.56% |
Net Asset Value (NAV): | ₹21.19 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
SJ Logistics (India) Limited | 20.03 | 29.28 | 20.18% | 77.36 | 22.61 Cr. |
Pranik Logistics IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Managers aka Merchant Bankers
- Narnolia Financial Services Ltd
Company Address
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 IPO FAQs
1. What are the Pranik Logistics IPO dates?
The Pranik Logistics IPO opens on October 10, 2024, and closes on October 14, 2024.
2. What is the price band for the Pranik Logistics IPO?
The price band for the Pranik Logistics IPO is set between ₹73 and ₹77 per share.
3. What is the minimum lot size for the Pranik Logistics IPO?
The minimum lot size is 1,600 shares, which requires an investment of ₹1,23,200.
4. When will the allotment for the Pranik Logistics IPO be finalized?
The share allotment for the Pranik Logistics IPO will be finalized on October 15, 2024.
5. When is the Pranik Logistics IPO listing date?
The Pranik Logistics IPO is expected to list on the NSE on October 17, 2024.
6. How much is Pranik Logistics aiming to raise through the IPO?
Pranik Logistics aims to raise approximately ₹22.47 crores through the IPO, consisting of a fresh issue of ₹22.47 crores.
7. What is the Grey Market Premium (GMP) for the Pranik Logistics IPO?
As of October 10, 2024, the GMP for the Pranik Logistics IPO is ₹0.
8. What are the financial highlights of Pranik Logistics?
Pranik Logistics reported revenue of ₹67.70 crores in 2024, up from ₹60.91 crores in 2023. The company’s profit also increased to ₹4.07 crores in 2024, compared to ₹0.93 crores in 2023.
9. Who are the promoters of Pranik Logistics?
The promoters of Pranik Logistics are Mr. Pranav Kumar Sonthalia, Ms. Shradha Kumari, and Ms. Minal Sonthalia.
10. Is Pranik Logistics IPO suitable for long-term investment?
Given the company’s strong financial growth and expansion in services, long-term investors may consider the Pranik Logistics IPO as a promising opportunity.