Pranik Logistics Limited IPO
Pranik Logistics Limited IPO
IPO Size: Pranik Logistics IPO is a book-built issue worth ₹22.47 crores, consisting entirely of fresh issue of 29.18 lakh shares.
IPO Dates:
- Bidding Start: October 10, 2024
- Bidding End: October 14, 2024
- Allotment Date: October 15, 2024
- Listing Date: October 17, 2024 (on NSE SME)
Price Band: ₹73 to ₹77 per share
Lot Size:
- Retail Investors: Minimum 1600 shares (₹123,200)
- HNI Investors: Minimum 2 lots (3200 shares), amounting to ₹246,400
Lead Manager: Narnolia Financial Services Ltd
Registrar: Maashitla Securities Private Limited
Market Maker: Prabhat Financial Services
Pranik Logistics IPO Informations
| Details | Information |
| IPO Date | October 10, 2024 to October 14, 2024 |
| Listing Date | [To be announced] |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹77 per share |
| Lot Size | 1,600 shares |
| 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) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 8,091,750 shares |
| Shareholding Post-Issue | 11,010,150 shares |
| Market Maker Portion | 161,600 shares (Prabhat Financial Services) |
Pranik Logistics IPO Lot Size & Promoter Holding
| Application Type | Lots | Shares | Amount |
| Retail (Minimum) | 1 | 1,600 | ₹123,200 |
| Retail (Maximum) | 1 | 1,600 | 123,200 |
| HNI (Minimum) | 2 | 3,200 | ₹246,400 |
| Pranik Logistics IPO Promoter Holding | |||
| Share Holding Pre Issue | 99.99% | ||
| Share Holding Post Issue | 73.49% | ||
Pranik Logistics IPO Schedule (Tentative Timeline)
| Event | Date |
| IPO Open Date | Thursday, October 10, 2024 |
| IPO Close Date | Monday, October 14, 2024 |
| Basis of Allotment | Tuesday, October 15, 2024 |
| Initiation of Refunds | Wednesday, October 16, 2024 |
| Credit of Shares to Demat | Wednesday, October 16, 2024 |
| Listing Date | Thursday, October 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5:00 PM on Monday, October 14, 2024 |
Pranik Logistics IPO Reservation
Investors have the option to bid for a minimum of 1,600 shares, with additional bids accepted in multiples of this amount. The table below illustrates the minimum and maximum investments required for retail investors and high-net-worth individuals (HNI), expressed in both shares and monetary amounts.
| Investor Category | Shares Offered |
| Anchor Investor | 8,20,800 (28.13%) |
| Market Maker | 1,61,600 (5.54%) |
| Qualified Institutional Buyers (QIB) | 5,55,200 (19.02%) |
| Non-Institutional Investors (NII) | 4,14,400 (14.2%) |
| Retail Investors | 9,66,400 (33.11%) |
| Total Shares Offered | 29,18,400 (100%) |
Details on Anchor Investors for Pranik Logistics IPO
| Parameter | Details |
| Bid Date | October 9, 2024 |
| Total Shares Offered | 820,800 |
| Size of Anchor Portion (in Crores) | 6.32 |
| End Date of Anchor Lock-in Period for 50% Shares (30 Days) | November 14, 2024 |
| End Date of Anchor Lock-in Period for Remaining Shares (90 Days) | January 13, 2025 |
About Pranik Logistics Limited IPO
Established in 2015, Pranik Logistics Limited specializes in providing comprehensive logistics solutions across India. As a national logistics provider, the company operates as both a freight forwarder and transporter, offering a range of integrated services, including transportation, warehousing, material handling, and freight forwarding. Its clientele spans various sectors, including retail, consumer goods, telecommunications, manufacturing, and pharmaceuticals.
Pranik Logistics boasts a fleet of 86 commercial vehicles, available for lease if needed. Additionally, the company directly manages 30 warehouses to ensure efficient logistics operations.
Pranik Logistics Limited Financial Information
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | ₹3,842.75 | ₹3,568.30 | ₹2,352.73 | ₹1,404.48 |
| Revenue | ₹2,248.89 | ₹6,770.08 | ₹6,090.62 | ₹3,360.96 |
| Profit After Tax | ₹108.90 | ₹406.56 | ₹93.23 | ₹31.54 |
| Net Worth | ₹1,252.09 | ₹1,143.19 | ₹736.63 | ₹363.96 |
| Reserves and Surplus | ₹442.91 | ₹603.74 | ₹197.18 | ₹103.95 |
| Total Borrowing | ₹1,961.83 | ₹1,783.95 | ₹1,382.09 | ₹577.87 |
| In Lakhs | ||||
Key Performance Indicator
| Key Performance Indicator (KPI) | Value |
| Return on Equity (ROE) | 8.70% |
| Return on Capital Employed (ROCE) | 11.79% |
| Debt to Equity Ratio | 1.57 |
| Return on Net Worth (RoNW) | 8.70% |
| Price to Book Value (P/BV) | 3.63 |
| Profit After Tax (PAT) Margin (%) | 4.88% |
EPS
| Metric | Pre-IPO | Post-IPO |
| EPS (Rs) | 5.02 | 3.96 |
| P/E (x) | 15.33 | 19.46 |
Note
The Pre-IPO EPS is determined using the pre-issue shareholding as of the date of the Red Herring Prospectus (RHP) and the most recent fiscal year earnings as of March 31, 2024, as stated in the RHP.
The Post-Issue EPS is calculated based on the post-issue shareholding and the annualized fiscal year earnings as of June 30, 2024, also outlined in the RHP.
About Pranik Logistics Limited IPO
The Company intends to use the raised funds for the following purposes:
- To cover expenses related to technology investment;
- To address the Company's capital expenditure needs;
- To fulfill the Company's working capital requirements;
- To support general corporate purposes;
- To cover the expenses associated with the issue.
Contact Information for Pranik Logistics Limited
| Pranik Logistics Limited |
| Address: P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata - 700091 |
| Phone: +91 7667852418 |
| Email: Email: ayon@pranikgroup.com |
| Website: https://pranikgroup.com/ |
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 |
Read DRHP, RHP & Anchor Investor Document
Pranik Logistics IPO Subscription Status
Contact Information for Pranik Logistics Limited
| Pranik Logistics Limited |
| Address: P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata - 700091 |
| Phone: +91 7667852418 |
| Email: Email: ayon@pranikgroup.com |
| Website: https://pranikgroup.com/ |
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 |
Contact Information for Pranik Logistics Limited
| Pranik Logistics Limited |
| Address: P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata - 700091 |
| Phone: +91 7667852418 |
| Email: Email: ayon@pranikgroup.com |
| Website: https://pranikgroup.com/ |
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 Investor Categories
1. Qualified Institutional Buyers (QIB)
Qualified Institutional Buyers (QIBs) include financial institutions, banks, Foreign Institutional Investors (FIIs), and mutual funds registered with SEBI. They usually represent small investors who invest through mutual funds, insurance company ULIP schemes, and pension plans.
2. Non-Institutional Investors (NII)
Non-Institutional Investors (NII) are retail individual investors, High Net Worth Individuals (HNIs), Non-Resident Indians (NRIs), companies, trusts, and others who bid for shares worth more than Rs 2 lakhs. Unlike QIBs, they do not need SEBI registration.
2.1 Small NII (sNII)
This subcategory includes NII investors who bid for shares between Rs 2 lakhs and Rs 10 lakhs. One-third of the NII category shares are reserved for the Small NII subcategory, also known as Small HNI (sHNI).
2.2 Big NII (bNII)
This subcategory is for NII investors who bid for shares worth more than Rs 10 lakhs. Two-thirds of the NII category shares are reserved for the Big NII subcategory, also known as Big HNI (bHNI).
3. Retail Individual Investors (RII)
Retail Individual Investors (RII) are individual investors or NRIs who apply for up to Rs 2 lakhs in an IPO.
4. Employee (EMP)
This category includes eligible employees who have a reserved quota in the IPO.
5. Others
This category includes eligible shareholders or other investors who have a reserved quota in the IPO.
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Frequently Asked Questions (FAQs) about the Pranik Logistics Limited IPO
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