Pranik Logistics Limited IPO Overview
Pranik Logistics is launching an IPO worth ₹22.47 crores, entirely a fresh issue of 29.18 lakh shares. The IPO subscription window opens on October 10, 2024, and closes on October 14, 2024. The allotment is expected to be finalized on October 15, 2024, and the shares are set to list on the NSE SME on October 17, 2024.
The price band for Pranik Logistics IPO is between ₹73 to ₹77 per share. Retail investors can apply with a minimum lot size of 1,600 shares, requiring a minimum investment of ₹123,200. For HNIs, the minimum investment is 2 lots (3,200 shares), amounting to ₹246,400.
Narnolia Financial Services Ltd is the book-running lead manager, with Maashitla Securities Private Limited as the issue’s registrar. Prabhat Financial Services is the market maker for the Pranik Logistics IPO.
Refer to Pranik Logistics IPO RHP for detailed information.
Pranik Logistics Limited IPO Important dates
Pranik Logistics IPO opens on October 10, 2024, and closes on October 14, 2024.
| 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 PM on October 14, 2024 |
Pranik Logistics Limited Financial Performance
Pranik Logistics Limited’s revenue increased by 11% and profit after tax (PAT) rose by 336% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹38.43 Cr | ₹35.68 Cr | ₹23.53 Cr | ₹14.04 Cr |
| Revenue | ₹22.49 Cr | ₹67.70 Cr | ₹60.91 Cr | ₹33.61 Cr |
| Profit After Tax | ₹1.09 Cr | ₹4.07 Cr | ₹0.93 Cr | ₹0.32 Cr |
| Net Worth | ₹12.52 Cr | ₹11.43 Cr | ₹7.37 Cr | ₹3.64 Cr |
| Reserves & Surplus | ₹4.43 Cr | ₹6.04 Cr | ₹1.97 Cr | ₹1.04 Cr |
| Total Borrowing | ₹19.62 Cr | ₹17.84 Cr | ₹13.82 Cr | ₹5.78 Cr |
Pranik Logistics Limited IPO Key Performance Indicator
The market capitalization of Pranik Logistics IPO is Rs 84.78 Cr. KPI as of June 30, 2024.
| 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 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 Limited IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |
Pranik Logistics Limited IPO Details
| IPO Date | October 10, 2024 to October 14, 2024 |
| Listing Date | [October 17, 2024] |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹77 per share |
| Lot Size | 1600 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 |
| Share holding pre issue | 8,091,750 |
| Share holding post issue | 11,010,150 |
| Market Maker portion | 161,600 shares |
Pranik Logistics Limited Company Overview and Services
Founded in 2015, Pranik Logistics Limited specializes in delivering integrated logistics solutions across India. As a prominent PAN India logistics provider, the company excels in freight forwarding and transportation services, catering to diverse industries such as retail, consumer durables, telecom, manufacturing, and pharmaceuticals.
Comprehensive Logistics Services
Pranik Logistics offers a range of integrated services, including:
- Transportation: Utilizing a fleet of 86 commercial vehicles, the company provides reliable transportation solutions, with leasing options available for clients needing flexible logistics.
- Warehousing: With 30 company-managed warehouses, Pranik Logistics ensures efficient material handling and storage for its clients, streamlining supply chain operations.
Competitive Advantages
Pranik Logistics stands out in the logistics sector due to its:
- Experienced Management Team: The company boasts a qualified management team with extensive industry expertise, ensuring strategic decision-making and operational efficiency.
- Strong Customer Relationships: Pranik has fostered long-term partnerships with clients across various sectors, enhancing trust and satisfaction.
- Asset-Light Business Model: This approach allows for greater flexibility and scalability in operations, enabling the company to adapt quickly to market changes.
- Commitment to Quality: The company adheres to stringent quality assurance standards, ensuring reliable service delivery.
As of September 30, 2024, Pranik Logistics employs 625 permanent staff, reflecting its commitment to building a dedicated workforce to support its operations.
Pranik Logistics Limited IPO SWOT Analysis
Strengths:
- Strong Market Presence: Pranik Logistics has established a solid foothold in the logistics sector, catering to a wide range of industries with tailored solutions.
- Efficient Operational Framework: The company’s streamlined operations, from warehousing to transportation, offer reliable and timely services, ensuring customer satisfaction.
- IPO-Funding for Growth: The fresh issue of ₹22.47 crores will help Pranik Logistics expand its service portfolio, invest in technology, and enhance its infrastructure, which may boost profitability.
- Experienced Management Team: A well-experienced leadership team drives the company’s strategic growth initiatives.
Weaknesses:
- Reliance on Specific Clients: A significant portion of the revenue might be dependent on a few major clients, leading to potential risk if client relationships are disrupted.
- Limited Brand Recognition: Compared to large players in the logistics sector, Pranik Logistics has limited national brand recognition, which may limit rapid expansion.
- High Initial Investment: The minimum investment requirement for retail investors (₹123,200) may deter smaller investors.
Opportunities:
- Growing Logistics Demand: The increasing need for logistics services due to the growth of e-commerce, manufacturing, and FMCG sectors in India presents significant opportunities for expansion.
- Technological Advancements: The company can leverage technology, such as automated tracking and supply chain management systems, to improve operational efficiency and service quality.
- Expansion into New Markets: Pranik Logistics can explore new regions and sectors to diversify its customer base and reduce dependence on specific clients.
Threats:
- Competitive Industry: The logistics industry is highly competitive, with large players and new entrants constantly driving down margins and creating pressure on pricing.
- Economic Fluctuations: Any downturn in the economy can negatively impact the demand for logistics services, directly affecting the company’s revenue and profitability.
- Regulatory Risks: Changes in logistics and transportation regulations, along with fuel price fluctuations, can increase operational costs and impact margins.
Pranik Logistics Limited IPO GMP Details
GMP for Pranik Logistics SME IPO last GMP is ₹0, last updated Oct 14th 2024 08:30 AM. With the price band of 77.00, Pranik Logistics SME IPO’s estimated listing price is ₹77 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.
Stay with us to know the daily price trend of Pranik Logistics SME IPO GMP with expected listing price.
Pranik Logistics Limited IPO subscription status
Pranik Logistics IPO subscribed 4.36 times. The public issue subscribed 8.11 times in the retail category, 0.00 times in QIB, and 1.43 times in the NII category by October 11, 2024 (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Qualified Institutions | 0.00 | 555,200 | 0 | 0 |
| Non-Institutional Buyers* | 1.43 | 414,400 | 5,93,600 | 4.57 |
| Retail Investors | 8.11 | 966,400 | 78,40,000 | 60.37 |
| Employees | [.] | 0 | 0 | 0 |
| Others | [.] | 0 | 0 | 0 |
| Total * | 4.36 | 1,936,000 | 84,33,600 | 64.94 |
Total Application : 4,900 (8.11 times)
Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.
* Market Maker portion of 161,600 equity shares not included.
Pranik Logistics IPO (Day-wise) Subscription Details (times)
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 October 10, 2024 |
0.00 | 0.90 | 4.57 | 2.47 |
| Day 2 October 11, 2024 |
0.00 | 1.43 | 8.11 | 4.36 |
Pranik Logistics Limited IPO Allotment status
The allotment status of Pranik Logistics IPO is expected to be available on October 15, 2024.
Pranik Logistics IPO allotment status is not available at this time. Pranik Logistics IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Pranik Logistics Limited IPO allotment status.
To check Pranik Logistics IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Maashitla Securities Private Limited either by phone or email. Investors can call on +91-11-45121795-96 or send an email with all relevant details to ipo@maashitla.com.
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/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
![[object Object]](/_next/image?url=https%3A%2F%2Fcms.msmestory.com%2Fwp-content%2Fuploads%2F2024%2F10%2FFreshara-Agro-Exports-IPO.png&w=3840&q=75)
![[object Object]](/_next/image?url=https%3A%2F%2Fcms.msmestory.com%2Fwp-content%2Fuploads%2F2024%2F10%2FLakshya-Powertech-IPO-Subscription-Details.png&w=3840&q=75)
