Pranik Logistics IPO Date, Review, Price, Allotment Details

Pranik Logistics IPO is opening for subscription on October 10, 2024, and closing on October 14, 2024. This NSE SME IPO aims to raise ₹22.47 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Pranik Logistics IPO is fixed at ₹73- ₹77 Per Share, with a market lot of 1600 share. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Pranik Logistics IPO Allotment will done on October 15, 2024, and Pranik Logistics IPO listing date is October 17, 2024.

 

Pranik Logistics Company Profile

Pranik Logistics Limited, founded in 2015, is based in Kolkata, West Bengal. The company operates from P. S. Srijan Tech Park and offers a broad range of logistics and supply chain services, including material handling, freight forwarding, warehousing, and transport services. It has expanded rapidly over the years, adding 30 new warehouses to its network and leveraging advanced technology solutions to meet client requirements.

The company’s aim is to provide seamless and efficient logistics solutions, making it a key player in the Indian logistics sector. With the integration of technology, Pranik Logistics offers customized services that enhance operational efficiency and meet the growing needs of its clients.

Services Offered by Pranik Logistics

1. Freight Forwarding: Pranik Logistics provides comprehensive freight forwarding services, including air, sea, and road transportation, ensuring the timely delivery of goods across various locations.
2. Warehousing: The company has developed a robust network of modern warehouses equipped with advanced technology to support inventory management and streamline supply chain operations.
3. Material Handling: With an emphasis on efficiency, Pranik Logistics offers material handling services that utilize advanced machinery and equipment to manage the safe and organized movement of goods.
4. Transport Services: The company’s fleet of vehicles is designed to provide reliable transportation solutions, ensuring that goods reach their destinations safely and on time.

Business Strategy and Growth Initiatives

Pranik Logistics’ business strategy is centered around expanding its reach, enhancing technology integration, and improving operational efficiency. The company focuses on:

1. Investment in Technology: Pranik Logistics is continually investing in advanced technology to automate and streamline its processes, enhancing the efficiency and accuracy of its logistics solutions.
2. Infrastructure Development: With the addition of 30 new warehouses, the company aims to expand its infrastructure further, supporting increased demand and offering more comprehensive warehousing solutions.
3. Client-Centered Approach: By customizing its services based on client needs, Pranik Logistics has successfully built strong relationships with its customers, ensuring long-term partnerships and repeat business.

 

Pranik Logistics IPO GMP

 

Pranik Logistics IPO Objectives

The funds raised through the IPO will be utilized for:

1. Investment in technology
2. Capital expenditure requirements
3. Working capital needs
4. General corporate purposes
5. Issue expenses

 

Pranik Logistics IPO Key Details

• Pranik Logistics IPO Open Date: October 10, 2024
• Pranik Logistics IPO Close Date: October 14, 2024
• Pranik Logistics IPO Size: Approximately ₹22.47 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Pranik Logistics IPO Price Band: ₹73- ₹77 Per Equity Share
• Pranik Logistics IPO Listing on: NSE SME IPO
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Pranik Logistics IPO Timeline

• Pranik Logistics IPO Open Date: October 10, 2024
• Pranik Logistics IPO Close Date: October 14, 2024
• Basis of Allotment: October 15, 2024
• Refunds: October 16, 2024
• Credit to Demat Account: October 16, 2024
• Pranik Logistics IPO Listing Date: October 17, 2024

 

How to Apply for Pranik Logistics IPO

Investors can apply for the Pranik Logistics IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Pranik Logistics Financial Performance (in Crores)

• Year 2022: Revenue: ₹33.61 Cr, Expense: ₹33.13 Cr, Profit After Tax: ₹0.32 Cr, Assets: ₹14.04 Cr
• Year 2023: Revenue: ₹60.91 Cr, Expense: ₹59.55 Cr, Profit After Tax: ₹0.93 Cr, Assets: ₹23.53 Cr
• Year 2024: Revenue: ₹67.70 Cr, Expense: ₹62.13 Cr, Profit After Tax: ₹4.07 Cr, Assets: ₹35.68 Cr
• June 2024: Revenue: ₹22.49 Cr, Expense: ₹21.03 Cr, Profit After Tax: ₹1.09 Cr, Assets: ₹38.43 Cr

 

Pranik Logistics Valuation FY2024

 

Pranik Logistics Peer Group

 

Pranik Logistics Company Promoters

• Mr. Pranav Kumar Sonthalia
• Ms. Shradha Kumari
• Ms. Minal Sonthalia

 

Pranik Logistics IPO Registrar

Maashitla Securities Private Limited
451, Krishna Apra Business Square
Netaji Subhash Place
Pitampura, Delhi, 110034
Website: https://maashitla.com/allotment-status/public-issues
Phone: +91-11-45121795-96
Email: ipo@maashitla.com

 

Pranik Logistics IPO Allotment Status Check

• Check the Pranik Logistics IPO allotment status on the Maashitla Securities website.

 

Pranik Logistics IPO Allotment Link

• Check the Pranik Logistics IPO allotment on the Check Ipo Allotment website.

 

Pranik Logistics IPO Lead Managers (Merchant Bankers)

• Narnolia Financial Services Ltd

 

Pranik Logistics Company Address

P. S. Srijan Tech Park,
Plot No. 52 Block DN 14th Floor
Sector V Salt Lake
Kolkata,West Bengal-700091 India
Website: https://pranikgroup.com/
Phone: +91 7667852418
Email: ayon@pranikgroup.com

 

Pranik Logistics IPO FAQs

 

What is Pranik Logistics IPO?

Pranik Logistics IPO is an NSE SME IPO. They are going to raise ₹22.47 Crores via IPO. The issue is priced at ₹73- ₹77 Per equity share. The IPO is to be listed on NSE.

 

When will the Pranik Logistics IPO open?

The IPO is to open on October 10, 2024, for NII, and Retail Investors.

 

What is Pranik Logistics IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Pranik Logistics IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Pranik Logistics IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Pranik Logistics IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Pranik Logistics IPO Size?

Pranik Logistics IPO size is ₹22.47 Crores.

 

What is Pranik Logistics IPO Price Band?

Pranik Logistics IPO Price Band is ₹73- ₹77 Per equity share.

 

What is Pranik Logistics IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 share with ₹140,000.

 

What is Pranik Logistics IPO Allotment Date?

Pranik Logistics IPO allotment date is October 15, 2024.

 

What is Pranik Logistics IPO Listing Date?

Pranik Logistics IPO listing date is October 17, 2024. The IPO to list on NSE SME IPO.