Pranik Logistics Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,376,000 (47%) | — | ₹1,060 Cr |
| NII (HNI) | — | 414,400 (14%) | — | ₹319 Cr |
| Retail | — | 966,400 (33%) | — | ₹744 Cr |
| Market Maker | — | 161,600 (6%) | — | ₹12 Cr |
| Σ Total | — | 2,918,400 (100%) | — | ₹22,472 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹123,200 |
| Retail (Max) | 13 | 20,800 | ₹1,601,600 |
| S-HNI (Min) | 14 | 22,400 | ₹1,724,800 |
| B-HNI (Min) | 67 | 107,200 | ₹8,254,400 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 2,249 | 6,770 | 6,091 |
| Profit After Tax | 109 | 407 | 93 |
| Net Worth | 1,252 | 1,143 | 737 |
| Total Assets | 3,843 | 3,568 | 2,353 |
| Reserves & Surplus | 443 | 604 | 197 |
| Total Borrowing | 1,962 | 1,784 | 1,382 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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. –
Company Overview
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.