Pranik Logistics IPO Details
| IPO Size | ₹22.47 Cr |
| Price Range | ₹73 - ₹77 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1600 |
| Investment (cut-off price) | ₹123,200 |
| Pre IPO Promotor Holding | 99.99% |
| Post IPO Promotor Holding | 73.49% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Pranik Logistics IPO Timelines
10/10/2024
Start Date14/10/2024
End Date16/10/2024
Refund Initiation16/10/2024
Credit of Shares to Demat Ac17/10/2024
Listing DatePranik Logistics IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹123,200 |
| Retail Maximum | 1 | 1600 | ₹123,200 |
| HNI Minimum | 2 | 3200 | ₹246,400 |
Pranik Logistics IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 35.67x | 744.05x | 97.21x | -- | 218.02x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹79 | ₹82.95 | ₹82.95 | ₹79 |
Pranik Logistics IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | 33.47 | 33.13 | 0.31 |
| FY 2023 | 60.53 | 59.55 | 0.93 |
| FY 2024 | 66.84 | 62.13 | 4.07 |
| FY 2025 (3 M) | 22.31 | 21.03 | 1.09 |
About Company
Pranik Logistics, established in 2015, has rapidly emerged as a key player in India’s Clearing and Forwarding sector, particularly excelling in Third-Party Logistics (3PL) solutions. The company operates under the leadership of Managing Director Mr. Pranav Kumar Sonthalia, with valuable guidance from Mr. Shyam Sunder Sonthalia. Their vision is to enhance the logistics landscape by delivering exceptional services.
Within a short time frame, Pranik Logistics has earned a reputation as one of the most trusted logistics firms in Eastern India, attributed to its strong infrastructure and unwavering commitment to customer satisfaction.Starting its journey in Ranchi, Pranik Logistics has successfully expanded its footprint across the country, achieving a PAN India presence.
The company provides services in several states, including Jharkhand, Bihar, Orissa, Assam, West Bengal, and Chhattisgarh in the East. Its reach extends to Maharashtra and Gujarat in the West, Tamil Nadu and Karnataka in the South, and Uttar Pradesh and Delhi in the North-Central region. This extensive network reflects Pranik Logistics’ ambition to establish itself as a leading logistics provider on a national scale.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | Logistics | Pranav Kumar |
Know Before Investing
Pranik Logistics IPO Strengths
- The company boasts a team of managers with extensive experience and qualifications in the logistics sector.
- Pranik Logistics operates on an asset-light business model, allowing for greater flexibility and lower operational costs.
- The firm serves a varied customer base across multiple geographies and industries, reducing dependence on any single market segment.
- Pranik Logistics has cultivated enduring relationships with its customers, fostering trust and loyalty in its service offerings.
Pranik Logistics IPO Risks
- The company is vulnerable to intense competition and fluctuations in foreign exchange rates, which can impact profitability and scalability.
- Operating margins have decreased from approximately 5% in fiscal 2021 to about 2.9% in fiscal 2022, primarily due to diversification into other products and price fluctuations in commodity chemicals.
- Pranik Logistics operates with a working capital-intensive model, reflected in gross current assets (GCAs) of around 130-150 days during fiscal 2022.
- The company has high receivables, requiring it to provide credit terms of around 60-90 days to customers, which can strain cash flow.
Swot Analysis for Pranik Logistics IPO
Strengths
Weaknesses
Opportunities
Threats
Company 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: [email protected]
Website: https://pranikgroup.com/
IPO Registar Details
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
FAQs
The key objectives of Pranik Logistics IPO are:
- Allocate funds for advanced technology.
- Cover capital expenditure needs.
- Address working capital requirements.
- Support general corporate expenses.
- Fund costs related to the IPO process.
Narnolia Financial Services Ltd is the book-running lead managers for the Pranik Logistics IPO.