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Pranik Logistics Ltd

Logistics

Offer Period :

10th to 14th Oct 2024

Pranik Logistics Ltd IPO Details

IPO Date 10th to 14th Oct 2024 Minimum Investment ₹123200 / 1 Lots
Listing Date 2024-10-17 Maximum Investment ₹123200 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹22.47 Crores
Price ₹77 to ₹77 per share Fresh Issue ₹22.47 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 10th to 14th Oct 2024
Listing Date 2024-10-17
Face Value ₹10 per share
Price ₹77 to ₹77 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹123200 / 1 Lots
Maximum Investment ₹123200 / 1 Lots
Total Issue Size ₹22.47 Crores
Fresh Issue ₹22.47 Crores
Offer For Sale
Retail Discount ₹ 0

About Pranik Logistics Ltd :

Pranik Logistics Limited is set to launch its IPO with a book-built issue worth ₹22.47 crores, entirely comprising a fresh issue of 29.18 lakh shares. The IPO opens on October 10, 2024, and closes on October 14, 2024, with an expected allotment date of October 15, 2024. The company plans to list on the NSE SME platform on October 17, 2024. The price band for this issue is ₹73 to ₹77 per share, with a minimum application size of 1600 shares, requiring an investment of ₹123,200 for retail investors. The company, founded in 2015, provides integrated logistics solutions across industries, offering services such as transportation, warehousing, and freight forwarding.

Timeline

Important dates for allocation and IPO listing.

10th Oct

IPO Starts

14th Oct

IPO Ends

15th Oct

Allotment Date

16th Oct

Initiation of Refund

16th Oct

Credit of Shares to Demat Account

17th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.99 73.49
Public Group 0.01 26.51

Pranik Logistics Ltd IPO Reservation

QIB Shares Offered 555200(19.02%)
NII (HNI) Shares Offered 414400(14.2%)
Retail Shares Offered 966400(33.11%)
Anchor Investor Shares Offered 820800(28.13%)
Total Shares Offered 2918400
Total Shares With Anchor Investor 2918400

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Pranik Logistics Ltd IPO Registrar

Maashitla Securities Pvt Ltd
Phone Number 011-45121795
Email Id ipo@maashitla.com
Our Website www.maashitla.com

Pranik Logistics Ltd IPO Lead Manager

1. Narnolia Financial Services Ltd

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Pranik Logistics Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 5,55,200 0 5,803.0
Non Institutional Investors 5,76,000 10,03,200 5,803.0
Retail Individual Investors (RIIs) 9,66,400 92,84,800 5,803.0
Total 20,97,600 1,02,88,000 5,803.0

Strength of Pranik Logistics Ltd

1. Timely and safe deliveries.

2. Experienced management team and a motivated and efficient work force.

3. Cordial relations with our clients.

Risks Involved

1. The Company does not own the premises through which its conduct the company's business operations.

2. Its business heavily relies on the expertise and guidance of the company's Directors and Key Managerial Personnel to ensure sustained success. The loss of any of them could have a significant impact on the company.

3. There is outstanding litigation pending against its Promoters which, if determined adversely, could affect the company's business, results of operations and financial condition.

4. The company does not own any technology for operating its business and currently the company relies on the technology provided by its client. Further any disruption or failures of technological systems may affect its operations.

5. The company depends on its top customers for a significant portion of its revenues. The loss of a major customer or significant reduction in demand from any of the company major customers may adversely affect its business, financial condition, results of operations and prospects.

6. The Company has negative cash flows from its operating, investing and its financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact on its growth and business.

7. Its contingent liabilities as stated in the company Restated Financial Statements could adversely affect its financial conditions.

8. The company depends on third parties to acquires vehicles utilized in its transportation operations. Further, market instability, including changes in fuel costs may adversely impact the company's operations and financial performance.

9. The restated financial statements have been provided by peer reviewed chartered accountants who are not statutory auditors of the Company.

10. Its top five states contribute its major revenue for the period ended June 30, 2024, and year ended 31st March 2024, 2023, 2022. Any loss of business from one or more of these states may adversely affect its revenues and profitability.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Pranik Logistics Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-17 93248 PRANIK
INE0VJG01014
₹77 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹77 ₹77
Open ₹0 ₹79
Low ₹0 ₹79
High ₹0 ₹82.95
Low ₹0 ₹79

Frequently Asked Questions

What is Pranik Logistics Ltd IPO?

Answer Field

Pranik Logistics Ltd IPO is a SME IPO of 29,18,400 equity shares of a face value of ₹10 aggregating up to ₹22.47 Crores. The issue is priced at ₹77 to ₹77 per share. The minimum order quantity is 1600 Shares. The IPO opens on October 10, 2024, and closes on October 14, 2024. Maashitla Securities Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Pranik Logistics Ltd IPO will open?

Answer Field

The Pranik Logistics Ltd IPO opens on October 10, 2024 and closes on October 14, 2024.

What is the lot size of Pranik Logistics Ltd?

Answer Field

Pranik Logistics Ltd lot size is 1600 shares, and the minimum amount required is ₹1,23,200.

How to apply for Pranik Logistics Ltd IPO?

Answer Field

You can apply in Pranik Logistics Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Pranik Logistics Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Pranik Logistics Ltd IPO will be done on October 15, 2024, and the allotted shares will be credited to your demat account by October 16, 2024.

When is Pranik Logistics Ltd IPO listing date?

Answer Field

The Pranik Logistics Ltd listing date is October 17, 2024.

Who is the registrar of Pranik Logistics Ltd IPO?

Answer Field

The registrar of Pranik Logistics Ltd IPO is Maashitla Securities Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Narnolia Financial Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Pranik Logistics Ltd IPO?

Answer Field

The fresh issue size is ₹22.47 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Pranik Logistics Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,23,200 amount.

How can I approve the UPI mandate request for Pranik Logistics Ltd IPO?

Answer Field

To apply for Pranik Logistics Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Pranik Logistics Ltd?

Answer Field

The price of each Pranik Logistics Ltd share will be ranging in between ₹77 to ₹77 per share.

What is the cut-off time for the UPI mandate for Pranik Logistics Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 14, 2024.

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