Pranik Logistics Limited was founded in 2015 and offers integrated logistics solutions. The company is a PAN India logistics provider operating as a freight forwarder and transporter, providing integrated services such as transportation, warehousing, material handling, and freight forwarding to its clients in various industries such as retail, consumer durables, telecom, manufacturing, pharma, etc. The company has its own fleet of 86 commercial vehicles, which can also be leased if required. In addition, the company has a total of 30 warehouses that are managed directly by the company.
Pranik Logistics IPO is a book built issue of Rs. 22.47 crores. The issue is entirely a fresh issue of 29.18 lakh shares. Pranik Logistics IPO opens for subscription on October 10, 2024 and closes on October 14, 2024. The allotment for the Pranik Logistics IPO is expected to be finalized on Tuesday, October 15, 2024. Pranik Logistics IPO will list on NSE SME with tentative listing date fixed as Thursday, October 17, 2024. Pranik Logistics IPO price band is set at ₹73 to ₹77 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹123,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹246,400.
Pranik Logistics IPO Details
| Pranik Logistics IPO Dates | 10 – 14 October 2024 |
| Pranik Logistics Issue Price | INR 73 – 77 per share |
| Fresh issue | 29,18,400 shares (INR 22.47 crore) |
| Offer For Sale | NIL |
| Total IPO size | 29,18,400 shares (INR 22.47 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,23,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Pranik Logistics IPO Anchor Investors Details
Pranik Logistics IPO raises Rs. 6.32 crore from anchor investors. Pranik Logistics IPO Anchor bid date is October 9, 2024.
| Bid Date | October 9, 2024 |
| Shares Offered | 820,800 |
| 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 |
Pranik Logistics IPO Timeline
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 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 20.67 | 33.47 | 60.53 | 66.84 |
| Expenses | 20.49 | 33.13 | 59.55 | 62.13 |
| Net income | 0.17 | 0.31 | 0.93 | 4.07 |
