Pranik Logistics Limited
Pranik Logistics Limited(PRANIK)
Total Shares
29,18,400
Issue Size
₹22.47 Cr
Price Band
₹73 – ₹77
Lot Size
1600 shares
Min. Investment
₹1,23,200
Max. Investment
₹1,23,200
Open Date
10 Oct, 2024
Close Date
14 Oct, 2024
Allotment
15 Oct, 2024
Listing
17 Oct, 2024
Max. Investment
₹1,23,200
Announced
10 Oct, 2024
Opening Date
10 Oct, 2024
Closing Date
14 Oct, 2024
Basis of Allotment
15 Oct, 2024
Initiation of Refunds
16 Oct, 2024
Credit of Shares
16 Oct, 2024
Listing Date
17 Oct, 2024
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About Pranik Logistics Limited IPO
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 lease
Pranik Logistics Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Pranik Logistics Limited IPO Financials Health
Pranik Logistics Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹1,23,200 |
| Retail Maximum | 1 | 1600 | ₹1,23,200 |
| HNI Minimum | 2 | 3200 | ₹2,46,400 |
(All values in CR)
Pranik Logistics Limited IPO Valuation
| Metric | Value |
|---|---|
| Debt/Equity | 1.57 |
| EPS Post IPO | 3.96 |
| EPS Pre IPO | 5.02 |
| P/BV | 3.63 |
| P/E Post IPO | 19.46 |
| P/E Pre IPO | 15.33 |
| PAT Margin (%) | 4.88 |
| ROCE | 11.79% |
| ROE | 8.70% |
| RoNW | 8.70% |
(All values in CR)
Strength & Risk of Pranik Logistics Limited IPO
1. Timely and safe deliveries.
2. Experienced management team and a motivated and efficient work force.
3. Cordial relations with our clients.
1. The Company does not own the premises through which its conduct the company's business operations.
2. Its business heavily relies on the expertise and guidance of the company's Directors and Key Managerial Personnel to ensure sustained success. The loss of any of them could have a significant impact on the company.
3. There is outstanding litigation pending against its Promoters which, if determined adversely, could affect the company's business, results of operations and financial condition.
4. The company does not own any technology for operating its business and currently the company relies on the technology provided by its client. Further any disruption or failures of technological systems may affect its operations.
5. The company depends on its top customers for a significant portion of its revenues. The loss of a major customer or significant reduction in demand from any of the company major customers may adversely affect its business, financial condition, results of operations and prospects.
6. The Company has negative cash flows from its operating, investing and its financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact on its growth and business.
7. Its contingent liabilities as stated in the company Restated Financial Statements could adversely affect its financial conditions.
8. The company depends on third parties to acquires vehicles utilized in its transportation operations. Further, market instability, including changes in fuel costs may adversely impact the company's operations and financial performance.
9. The restated financial statements have been provided by peer reviewed chartered accountants who are not statutory auditors of the Company.
10. Its top five states contribute its major revenue for the period ended June 30, 2024, and year ended 31st March 2024, 2023, 2022. Any loss of business from one or more of these states may adversely affect its revenues and profitability.
Pranik Logistics Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 8,20,800 | 8,20,800 | 6.32 |
| HNI | 744.44 | 4,14,400 | 30,84,96,000 | 2 |
| Market Maker | 1.00 | 1,61,600 | 1,61,600 | 1.24 |
| QIB | 35.67 | 5,55,200 | 1,98,06,400 | 152.51 |
| Retail | 97.21 | 9,66,400 | 9,39,44,000 | 723.37 |
| Total | 218.10 | 19,36,000 | 42,22,46,400 | 3 |
Pranik Logistics Limited IPO GMP
Last updated 07 Oct, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 07 Oct, 2024 | 77 | ₹0 | -- | ₹77 (0.00%) | - | 07 Oct, 2024 |
| 14 Oct, 2024 | 77 | ₹0▼ | -- | ₹77 (0.00%) | - | 14 Oct, 2024 |
| 15 Oct, 2024 | 77 | ₹16▲ | 19500 | ₹93 (20.78%) | - | 15 Oct, 2024 |
| 16 Oct, 2024 | 77 | ₹12▲ | 14600 | ₹89 (15.58%) | - | 16 Oct, 2024 |
| 17 Oct, 2024 | 77 | ₹4 | 4900 | ₹81 (5.19%) | - | 17 Oct, 2024 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Pranik Logistics Limited IPO
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Pranik Logistics Limited (PLL) IPO
IPO Overview and Key Highlights
Pranik Logistics Limited (PLL) is offering its Initial Public Offering (IPO) of up to 29,18,400 equity shares with a face value of ?10 each. This IPO includes a fresh issue of shares and is a part of PLL's strategy to raise capital for corporate needs, working capital, and expansion plans. The equity shares are proposed to be listed on the NSE Emerge Platform, marking the company's debut in the public market?.
Key IPO Details
- Type of Issue: 100% Book Built Issue
- Total Issue Size: Up to 29,18,400 Equity Shares of ?10 each
- Offer for Sale (OFS): NIL
- Face Value: Rs10 per share
- Price Band: Between ?73 to ?77 per share
- Issue Opens: October 10, 2024
- Issue Closes: October 14, 2024
- Market Maker Reservation: 1,61,600 Equity Shares.
Company Overview
Pranik Logistics Limited, incorporated in 2015, specializes in providing end-to-end logistics services. The company acts as a carrying and forwarding agent, offering services such as transportation, warehousing, material handling, and freight forwarding. It caters to clients in diverse industries, including retail, telecom, manufacturing, and pharma?
The company operates a fleet of over 80 vehicles and manages 30 warehouses across India, making it a key player in the logistics sector.
Financial Overview
Pranik Logistics Limited has seen consistent growth, driven by increasing demand for logistics solutions in India. The company’s financial strength is reflected in its operational efficiency and a broad customer base that spans multiple industries.
Key Strengths of Pranik Logistics Limited
- Comprehensive Service Portfolio: PLL offers a wide range of logistics services, reducing reliance on any single service line.
- Strong Customer Base: The company serves clients across a range of sectors, ensuring diversified revenue streams.
- Fleet and Infrastructure: A large fleet and an extensive network of warehouses enable PLL to meet client demands across various geographies?.
IPO Pros and Cons
Pros
- Expanding Logistics Sector: The growth of e-commerce and industrial demand is driving logistics services, presenting significant growth opportunities for PLL.
- No Offer for Sale: Since this IPO involves only a fresh issue of shares, the raised capital will be used for the company’s expansion and growth plans.
- Robust Infrastructure: PLL’s established fleet and warehouse network enhance its operational capacity and efficiency?.
Cons
- Market Competition: The logistics industry is highly competitive, and PLL faces challenges from well-established players.
- Economic Dependency: The company’s performance is closely tied to the overall health of the economy, particularly sectors like retail and manufacturing.
- First Public Issue: As this is PLL’s first IPO, there is uncertainty around market demand and the company's stock performance post-listing?.
Risk Factors
Investors should consider several risks before investing:
- Economic Sensitivity: The logistics industry is susceptible to economic downturns, which could impact PLL's growth.
- Operational Risks: Any disruptions in transportation or warehousing could lead to delays and increased costs.
- Industry Competition: The logistics sector is fragmented and competitive, which may affect PLL's ability to maintain margins?.
Conclusion
The Pranik Logistics Limited IPO presents an opportunity for investors looking to tap into the growing logistics sector in India. With a diversified service portfolio, extensive infrastructure, and increasing demand for logistics services, PLL is well-positioned for growth. However, potential investors must weigh the risks associated with market competition, economic sensitivity, and the company's first-time public offering before making an investment decision.
FAQs About Pranik Logistics Limited Ipo
Pranik Logistics Limited IPO will open on 10 Oct, 2024 and close on 14 Oct, 2024. Investors must apply within this period to participate.
The Pranik Logistics Limited IPO price band is set between ₹73.00 and ₹77.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹123200.00.
The Pranik Logistics Limited IPO shares are expected to be listed on 17 Oct, 2024, subject to regulatory approvals and final allotment.
You can track your Pranik Logistics Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Pranik Logistics Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.