Pranik Logistics Limited IPO (Pranik Logistics IPO) Detail
Exciting times are ahead for investors as the Pranik Logistics Limited IPO has officially opened! With a total issue size of ₹22.47 crores, this IPO presents a fresh opportunity for retail and institutional investors alike. Let’s break down everything you need to know about this offering, including key details, timelines, and some insights into the company itself.
What is Pranik Logistics Limited?
Founded in 2015, Pranik Logistics Limited specializes in providing integrated logistics solutions across India. The company operates as a freight forwarder and transporter, delivering essential services such as transportation, warehousing, and material handling to various sectors, including retail, consumer durables, telecom, manufacturing, and pharmaceuticals. With a robust fleet of 86 commercial vehicles and 30 managed warehouses, Pranik Logistics is well-equipped to meet its clients’ diverse needs.
Pranik Logistics IPO Key Details
Here’s a quick overview of the Pranik Logistics IPO details:
| Parameter | Details |
|---|---|
| IPO Date | October 10, 2024 – October 14, 2024 |
| Price Band | ₹73 to ₹77 per share |
| Lot Size | 1,600 shares |
| Total Issue Size | 2,918,400 shares (₹22.47 crores) |
| Type | Book Built Issue |
| Listing At | NSE SME |
| Face Value | ₹10 per share |
The minimum investment required for retail investors is ₹123,200, while HNI investors need to invest at least ₹246,400 for two lots.
IPO Timeline
The timeline for the Pranik Logistics IPO is crucial for potential investors. Here’s what you need to keep in mind:
| Event | Date |
|---|---|
| IPO Open Date | October 10, 2024 |
| IPO Close Date | October 14, 2024 |
| Basis of Allotment | October 15, 2024 |
| Initiation of Refunds | October 16, 2024 |
| Credit of Shares to Demat | October 16, 2024 |
| Listing Date | October 17, 2024 |
Reservation Breakdown
Pranik Logistics has allocated shares to various investor categories:
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Anchor Investors | 820,800 | 28.13% |
| Market Maker | 161,600 | 5.54% |
| QIB | 555,200 | 19.02% |
| NII (HNI) | 414,400 | 14.2% |
| Retail | 966,400 | 33.11% |
Financial Performance
Investors often look at a company’s financial health before investing. Here’s how Pranik Logistics has performed financially over recent years:
| Period | Revenue (₹ Lakhs) | Profit After Tax (PAT) (₹ Lakhs) |
|---|---|---|
| 30 Jun 2024 | 2,248.89 | 108.9 |
| 31 Mar 2024 | 6,770.08 | 406.56 |
| 31 Mar 2023 | 6,090.62 | 93.23 |
| 31 Mar 2022 | 3,360.96 | 31.54 |
The company has shown a solid increase in both revenue and profit, with a remarkable 336% rise in PAT between FY23 and FY24, showcasing strong growth potential.
Key Competitive Strengths
Pranik Logistics has a few standout strengths that make it a compelling investment option:
- Experienced Management: A qualified team with extensive experience in logistics.
- Long-term Customer Relationships: Established ties with clients across various sectors.
- Asset-light Model: Focuses on utilizing leased vehicles to maintain flexibility.
- Quality Standards: Strong emphasis on quality assurance in services.
- Growing Workforce: As of September 2024, the company had 625 permanent employees.
IPO Objectives
The funds raised through the IPO will be utilized for several strategic purposes, including:
- Investment in Technology: Enhancing operational efficiency.
- Capital Expenditure: Funding new projects and expanding the fleet.
- Working Capital Requirements: Ensuring smooth day-to-day operations.
- General Corporate Purposes: Covering any miscellaneous expenses.
- Issue Expenses: Addressing costs associated with the IPO.
FAQs About Pranik Logistics IPO
The price band is set between ₹73 to ₹77 per share.
The IPO opens on October 10, 2024, and closes on October 14, 2024.
The minimum lot size for retail investors is 1,600 shares, requiring a minimum investment of ₹123,200.
Narnolia Financial Services Ltd is the book-running lead manager, while Maashitla Securities Private Limited serves as the registrar.
The shares are expected to be listed on NSE SME on October 17, 2024.
