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.
Narnolia Financial Services Ltd is the book running lead manager of the Pranik Logistics IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Pranik Logistics IPO is Prabhat Financial Services.
Refer to Pranik Logistics IPO RHP for detailed information.
Pranik Logistics IPO Details
| IPO Date | October 10, 2024 to October 14, 2024 |
| Listing Date | [.] |
| 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 Prabhat Financial Services |
Pranik Logistics IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
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 (Tentative Schedule)
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 |
| Lot Size Calculator | |||
Pranik Logistics IPO Promoter Holding
Mr. Pranav Kumar Sonthalia, Ms. Shradha Kumari, and Ms. Minal Sonthalia are the promoters of the company.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.49% |
About Pranik Logistics Limited
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.
Competitive strengths
- Experienced and qualified management team
- Long-standing customer relationships with its customers from various industries
- Asset-light business model
- Quality assurance and standards
As at September 30, 2024, the company had 625 permanent employees.
Company Financials
Pranik Logistics Limited Financial Information (Restated)
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 | 3,842.75 | 3,568.3 | 2,352.73 | 1,404.48 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,248.89 | 6,770.08 | 6,090.62 | 3,360.96 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 108.9 | 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 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
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 |
Check Pranik Logistics IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.02 | 3.96 |
| P/E (x) | 15.33 | 19.46 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.
Objects of the Issue (Pranik 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 (May apply)
[Dilip Davda] The company is engaged in providing end-to-end logistics services on a Pan India basis. It is primarily operating as a carrying and forwarding agent. The company marked steady growth in its top lines for the reported periods, but a sudden boost in pre-IPO periods from FY24 onwards raises eyebrows and concern over its sustainability as it is operating in a highly competitive and fragmented segment. Based on FY25 annualized super earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds in this fully priced issue for long term. Read detail review…
Pranik Logistics IPO Prospectus
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/
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