IPO

Pranik Logistics Ltd. IPO

Pranik Logistics Ltd., established in 2015, operates in the Logistics - Warehousing/Supply Chain/Others sector. The company's IPO opened on October 10, 2024 and closed on October 14, 2024, with an ... Read more

Min Investment
₹ 1,23,200 / 1600 shares
Price Range
₹73 - ₹ 77
Bidding Dates
10 Oct '24 - 14 Oct '24
Total Issue Value
22.47 Cr
Lot Size
1,600
Total Issue Size
22.47 Cr
Listing At
NSE SME
Subscription
215.31 times
NSE Price
109.95 (42.79%)

IPO Timeline

  • 10 Oct 2024
    Bidding Starts
  • 14 Oct 2024
    Bidding Ends
  • 15 Oct 2024
    Allotment Finalization
  • 17 Oct 2024
    Listing

About Pranik Logistics Ltd.

Our company is engaged as carrying and forwarding agent providing end-to-end Logistics solutions i.e. from the point of origin to the point of consumption, in order to meet the needs of our customers and corporations. We are a pan India logistics provider, acting as carrying and forwarding agent ... Read more

Parent organisation
Founded
Pranik Logistics Ltd.
2015

Pranik Logistics Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 8,20,800 (28.13%)
Market Makers 1,61,600 (5.54%)
Non Institutional Investors 4,14,400 (14.2%)
Qualified Institutional Buyers (QIBs) 5,55,200 (19.02%)
Retail Individual Investors (RIIs) 9,66,400 (33.11%)

Pranik Logistics Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 67.70 Cr 4.07 Cr 6.04 Cr
31 Mar 2023 60.91 Cr 93.23 Lakh 1.97 Cr
31 Mar 2022 33.61 Cr 31.54 Lakh 1.04 Cr

Pranik Logistics Ltd. Background

Our Company was incorporated as a Private Limited Company under the name of “Pranik Logistics Private Limited” under the Companies Act, 2013 vide certificate of incorporation dated February 24, 2015, issued by Registrar of Companies, Kolkata, bearing CIN U60231WB2015PTC205412. ...

Read more

Major Events And Milestones
  • 2015
    Incorporation of Company
  • 2024
    Conversion from Private Company to Public Company
Pranik Logistics Ltd. Object of Issues

1. Investment in Technology
2. Capital Expenditure
3. Working Capital Requirement
4. General Corporate Purposes

Pranik Logistics Ltd. IPO Listing Details
Listing Date
17 Oct 2024
NSE Symbol
PRANIK
ISIN
INE0VJG01014
Final Issue Price
₹ 77
Pranik Logistics Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 77.00
Open - ₹ 79.00
Low - ₹ 79.00
High - ₹ 82.95
Last Trade - ₹ 82.95
Pranik Logistics Ltd. Company Promoters

1. Mr. Pranav Kumar Sonthalia
2. Ms. Shradha Kumari
3. Ms. Minal Sonthalia

Industry Overview

Global Smart Warehouse Industry
Smart Warehousing Market size is expected to cross USD 122 Billion by the end of 2036, growing at a CAGR of 15% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of smart warehousing was over USD 20 Billion. The growth of the ... Read more

Pranik Logistics Ltd. Contact Details
Address: P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata West Bengal - 700091
Phone no:7667852418
7667852418
|
Pranik Logistics Ltd. IPO Registrar
Maashitla Securities Pvt. Ltd.
451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura Delhi - 110034
45121795, 45121796
Pranik Logistics Ltd. IPO Lead Manager(s)
Narnolia Financial Services Ltd.
201, 2nd Floor, Marble Arch 236B A.J.C. Bose Road, Kolkata West Bengal - 70002

FAQs

When does Pranik Logistics Ltd. IPO opens and closes?

Pranik Logistics Ltd. IPO opens from 10th October to 14th October 2024.

What is the size of Pranik Logistics Ltd. IPO?

The size of the Pranik Logistics Ltd. IPO is ₹22.47 Cr.

What is the price range of Pranik Logistics Ltd. IPO?

The price range of Pranik Logistics Ltd. IPO is at ₹73 to ₹77 per share.

What is the minimum investment and lot size required for the Pranik Logistics Ltd. IPO?

The minimum investment required is ₹1,23,200 and minimum lot size is 1600 shares.

When is Pranik Logistics Ltd. IPO listing date?

The Pranik Logistics Ltd. IPO will be listed on 17th October 2024.

What is the objective of Pranik Logistics Ltd. IPO?

1. Investment in Technology
2. Capital Expenditure
3. Working Capital Requirement
4. General Corporate Purposes

Latest Updates

Pranik Logistics IPO A Success; Sets New Record With 216.25 Times Subscription

The Initial Public Offering (IPO) of Pranik Logistics has concluded today, October 14, 2024, with a remarkable 216.25 times subscription. This means that investors placed bids for over 41.86 crore shares, far exceeding the 19.36 lakh shares on offer. Non-Institutional Investors: This category received an overwhelming 744 times subscription, The RII portion was subscribed 93.70 times, while the QIBs subscribed to the IPO 35.67 times.

Investors had the opportunity to subscribe to the Pranik Logistics IPO from October 10th to 14th, 2024. The allotment of shares is scheduled for October 15th, 2024. Following this, the company's shares are expected to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on October 17th, 2024. The Pranik Logistics IPO, which offered 29.18 lakh shares, was allocated as follows: 19.02% to Qualified Institutional Buyers (QIBs), 14.2% to Non-Institutional Investors (NIIs), 33.11% to Retail Individual Investors (RIIs), and 28.13% to Anchor Investors. Anchor investors contributed Rs 6.32 crore to the IPO.

Pranik Logistics Limited, established in 2015, provides comprehensive logistics solutions. The company's promoters are Mr. Pranav Kumar Sonthalia, Ms. Shradha Kumari, and Ms. Minal Sonthalia. Between the financial years ending March 31, 2024, and March 31, 2023, Pranik Logistics Limited's revenue experienced an 11% increase, while its profit after tax (PAT) saw a remarkable 336% surge.

 

15 October 2024

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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