Pranik Logistics IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Oct 10 to Oct 14 2024
Price Band
₹73 - 77
Current GMP
₹79(2.6%)
Subscription
218.02 times
IPO Details
| IPO Date | October 10, 2024 to October 14, 2024 |
| Listing Date | Thursday, October 17, 2024 |
| 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 |
| Share holding pre issue | 8,091,750 |
| Share holding post issue | 11,010,150 |
| Market Maker portion | 161,600 shares Prabhat Financial Services |
IPO Date
October 10, 2024 to October 14, 2024
Listing Date
Thursday, October 17, 2024
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
Share holding pre issue
8,091,750
Share holding post issue
11,010,150
Market Maker portion
161,600 shares Prabhat Financial Services
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 35.67 |
| Non-Institutional Buyers*** | 744.05 |
| Retail Investors | 97.21 |
| Total ** | 218.02 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
35.67
Non-Institutional Buyers***
744.05
Retail Investors
97.21
Total **
218.02
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Oct 10, 2024 | 0.00 | 0.90 | 4.57 | 2.47 |
| Day 2 Oct 11, 2024 | 0.00 | 1.43 | 8.11 | 4.36 |
| Day 3 Oct 14, 2024 | 35.67 | 744.05 | 97.21 | 218.02 |
DayDay 1
Oct 10, 2024
QIB0.00
NII*0.90
Retail4.57
Total2.47
DayDay 2
Oct 11, 2024
QIB0.00
NII*1.43
Retail8.11
Total4.36
DayDay 3
Oct 14, 2024
QIB35.67
NII*744.05
Retail97.21
Total218.02
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 17-10-2024 | 77.00 | 4(5.19%) | 81 |
| 16-10-2024 | 77.00 | 4(5.19%) | 81 |
| 15-10-2024 | 77.00 | 12(15.58%) | 89 |
| 14-10-2024 | 77.00 | 16(20.78%) | 93 |
| 13-10-2024 | 77.00 | 0(0%) | 77 |
| 11-10-2024 | 77.00 | 0(0%) | 77 |
| 10-10-2024 | 77.00 | 0(0%) | 77 |
| 09-10-2024 | 77.00 | 0(0%) | 77 |
| 08-10-2024 | 77.00 | 0(0%) | 77 |
| 07-10-2024 | 77.00 | 0(0%) | 77 |
| 06-10-2024 | 77.00 | 0(0%) | (0%) |
Date17-10-2024
Price77.00
GMP4(5.19%)
Estimate List Price81
Date16-10-2024
Price77.00
GMP4(5.19%)
Estimate List Price81
Date15-10-2024
Price77.00
GMP12(15.58%)
Estimate List Price89
Date14-10-2024
Price77.00
GMP16(20.78%)
Estimate List Price93
Date13-10-2024
Price77.00
GMP0(0%)
Estimate List Price77
Date11-10-2024
Price77.00
GMP0(0%)
Estimate List Price77
Date10-10-2024
Price77.00
GMP0(0%)
Estimate List Price77
Date09-10-2024
Price77.00
GMP0(0%)
Estimate List Price77
Date08-10-2024
Price77.00
GMP0(0%)
Estimate List Price77
Date07-10-2024
Price77.00
GMP0(0%)
Estimate List Price77
Date06-10-2024
Price77.00
GMP0(0%)
Estimate List Price(0%)
IPO Important Dates
| 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 |
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
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 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹123,200
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹123,200
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹246,400
Financial Information
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 3,842.75 | 3,568.3 | 2,352.73 |
| Revenue | 2,248.89 | 6,770.08 | 6,090.62 |
| Profit After Tax | 108.9 | 406.56 | 93.23 |
| Net Worth | 1,252.09 | 1,143.19 | 736.63 |
| Reserves and Surplus | 442.91 | 603.74 | 197.18 |
| Total Borrowing | 1,961.83 | 1,783.95 | 1,382.09 |
Period EndedPeriod Ended
30 Jun 202430 Jun 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Jun 20243,842.75
31 Mar 20243,568.3
31 Mar 20232,352.73
Period EndedRevenue
30 Jun 20242,248.89
31 Mar 20246,770.08
31 Mar 20236,090.62
Period EndedProfit After Tax
30 Jun 2024108.9
31 Mar 2024406.56
31 Mar 202393.23
Period EndedNet Worth
30 Jun 20241,252.09
31 Mar 20241,143.19
31 Mar 2023736.63
Period EndedReserves and Surplus
30 Jun 2024442.91
31 Mar 2024603.74
31 Mar 2023197.18
Period EndedTotal Borrowing
30 Jun 20241,961.83
31 Mar 20241,783.95
31 Mar 20231,382.09
Key Performance Indicator
| ROE | 8.70% |
| ROCE | 11.79% |
| Debt/Equity | 1.57 |
| RoNW | 8.70% |
| P/BV | 3.63 |
| PAT Margin (%) | 4.88 |
| EPS (Rs) | 5.02 |
ROE
8.70%
ROCE
11.79%
Debt/Equity
1.57
RoNW
8.70%
P/BV
3.63
PAT Margin (%)
4.88
EPS (Rs)
5.02
IPO Reservation
| Anchor Investor Shares Offered | 8,20,800 (28.13%) |
| Market Maker Shares Offered | 1,61,600 (5.54%) |
| QIB Shares Offered | 5,55,200 (19.02%) |
| NII (HNI) Shares Offered | 4,14,400 (14.2%) |
| Retail Shares Offered | 9,66,400 (33.11%) |
| Total Shares Offered | 29,18,400 (100%) |
Anchor Investor Shares Offered
8,20,800 (28.13%)
Market Maker Shares Offered
1,61,600 (5.54%)
QIB Shares Offered
5,55,200 (19.02%)
NII (HNI) Shares Offered
4,14,400 (14.2%)
Retail Shares Offered
9,66,400 (33.11%)
Total Shares Offered
29,18,400 (100%)
Information about company
Pranik Logistics Limited was founded in 2015 and offers integrated logistics solutions.
The company is a PAN India logistics provider operating as a freight forwarder and transporter, providing integrated services such as transportation, warehousing, material handling, and freight forwarding to its clients in various industries such as retail, consumer durables, telecom, manufacturing, pharma, etc.
The company has its own fleet of 86 commercial vehicles, which can also be leased if required. In addition, the company has a total of 30 warehouses that are managed directly by the company.
Competitive strengths
Experienced and qualified management team
Long-standing customer relationships with its customers from various industries
Asset-light business model
Quality assurance and standards
As at September 30, 2024, the company had 625 permanent employees.
Objectives of IPO
The Company proposes to utilize the funds being raised to fund the following objectives:
To meet the expenses for Investment in technology;
To meet out the Capital Expenditure Requirement of the Company;
To meet out the Working Capital requirements of the Company;
To meet out the General Corporate Purposes; and
To meet out the Issue Expenses.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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