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20 Nov 2024
Pranik Logistics Limited IPO, GMP, Details, Price, And Review
Pranik Logistics Limited was founded in 2015 and offers integrated logistics solutions. The company is engaged as a carrying and forwarding agent providing end-to-end Logistics solutions i.e. from the point of origin to the end of consumption, to meet the needs of their customers and corporations. They are a pan India logistics provider, acting as carrying and forwarding agents and providing integrated services including transportation, warehousing, material handling and freight forwarding to their customers in various industries such as Automotive, Engineering, Construction, Customer durables, Retail, Textile etc.
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Pranik Logistics IPO Overview:
- IPO Details
- ● Issue Size: ₹22.47 crores
- ● Total Shares Offered: 2,918,000 shares
- ● Price Band: ₹73 to ₹77 per share
- ● Minimum Lot Size: 1,600 shares
- Subscription Dates
- ● Opening Date: October 10, 2024
- ● Closing Date: October 14, 2024
- Key Stakeholders
- ● Book Running Lead Manager: Narnolia Financial Services Ltd
- ● Registrar: Maashitla Securities Private Limited
- ● Market Maker: Prabhat Financial Services
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Pranik Logistics Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 17-10-2024 | 77 | 4 (5.19%) | 17-Oct-2024 13:38 |
| 16-10-2024 | 77 | 12 (15.58%) | 16-Oct-2024 13:10 |
| 15-10-2024 | 77 | 16 (20.78%) | 15-Oct-2024 12:14 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Pranik Logistics IPO Overview
| Detail | Description |
|---|---|
| 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 |
| Shareholding pre issue | 8,091,750 |
| Shareholding post issue | 11,010,150 |
| Market Maker portion | 161,600 shares Prabhat Financial Services |
Pranik Logistics IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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
| 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 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 Promoter Holding
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.49% |
Pranik Logistics IPO Anchor Investors Details
| 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 Limited Financial Information
| Period Ended | 30 June 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
| 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 |
Objectives of Pranik Logistics IPO
The Company proposes to utilize the funds being raised to fund the following objectives:
Competitive Strength:
- ● Experienced and qualified management team
- ● Long-standing customer relationships with its customers from various industries
- ● Asset-light business model
- ● Quality assurance and standards
FAQs for Pranik Logistics IPO
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What is Pranik Logistics IPO?
Pranik Logistics IPO is a SME IPO. The company is going to raise ₹22.47 Crores via IPO. The issue is priced at ₹73 to ₹77 per equity share. The IPO is to be listed on NSE.
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When will the Pranik Logistics IPO open for subscription?
The IPO will open on October 10, 2024, for QIB, NII, and Retail Investors and close on October 14, 2024.
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What is Pranik Logistics IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Pranik Logistics IPO Issue Size?
Pranik Logistics IPO issue size is ₹22.47 crores.
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What is Pranik Logistics IPO Price Band?
Pranik Logistics IPO Price Band is ₹73 to ₹77.
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What is Pranik Logistics IPO Lot Size?
The minimum bid is 1600 Shares with ₹123,200 amount.
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What is the Pranik Logistics IPO Allotment Date?
Pranik Logistics IPO allotment date is October 15, 2024.
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What is the Pranik Logistics IPO Listing Date?
Pranik Logistics IPO listing date is October 17, 2024. The IPO is to be listed on NSE.
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What is Pranik Logistics current GMP?
The current GMP of Pranik Logistics is 4 (5.19%).
DRHP:
DRHP of Pranik Logistics Limited IPO
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What is Pranik Logistics IPO?
Pranik Logistics IPO is a SME IPO. The company is going to raise ₹22.47 Crores via IPO. The issue is priced at ₹73 to ₹77 per equity share. The IPO is to be listed on NSE.
-
When will the Pranik Logistics IPO open for subscription?
The IPO will open on October 10, 2024, for QIB, NII, and Retail Investors and close on October 14, 2024.
-
What is Pranik Logistics IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Pranik Logistics IPO Issue Size?
Pranik Logistics IPO issue size is ₹22.47 crores.
-
What is Pranik Logistics IPO Price Band?
Pranik Logistics IPO Price Band is ₹73 to ₹77.
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What is Pranik Logistics IPO Lot Size?
The minimum bid is 1600 Shares with ₹123,200 amount.
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What is the Pranik Logistics IPO Allotment Date?
Pranik Logistics IPO allotment date is October 15, 2024.
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What is the Pranik Logistics IPO Listing Date?
Pranik Logistics IPO listing date is October 17, 2024. The IPO is to be listed on NSE.
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What is Pranik Logistics current GMP?
The current GMP of Pranik Logistics is 4 (5.19%).
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