Pranik Logistics IPO: Open Date, Listing Date, Price Band, GMP, Allotment

Pranik Logistics IPO subscription opens on Thursday, October 10, 2024, and closes on Monday, October 14, 2024. It is a book-built issue of Rs 22.47 crores. This upcoming IPO is an entirely fresh issue of 29.18 lakh equity shares.

Pranik Logistics IPO price band is Rs 73 to Rs 77 per share. The minimum lot size set for the retail category is 1600 shares. The minimum lot size requirement for the HNI category is 2 lots consisting of 3200 shares. The minimum amount required for retail investors is Rs 1,23,200 (77 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,46,400 (77 x 3200 shares).

Pranik Logistics IPO allotment is expected to be finalised on Tuesday, October 15, 2024. The listing will be on the NSE SME platform on Thursday, October 17, 2024. Currently, Pranik Logistics IPO GMP quotation is zero. The issue price of this latest IPO is set at Rs 77 per share. It is expected that the listing price can be near to the issue price of Rs 77 only.

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Pranik Logistics IPO: Listing Date, Lot Size, Issue Size, Price Band

Pranik Logistics IPO: About the Company

Pranik Logistics Limited was founded in 2015, engaged in the business of offering integrated logistics services.  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.

Pranik Logistics 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.

Pranik Logistics IPO Objectives

Pranik Logistics IPO Objectives: The funds will be used for meeting the expenses for investing in technology, to meet the capital expenditure needs, day-to-day capital needs. The remaining funds will be used for fulfilling the general corporate purposes and issue expenses.

Pranik Logistics IPO: Key Dates, Allotment, Listing Date

Pranik Logistics IPO Subscription Details, IPO Reservation

Pranik Logistics IPO subscription details will be available after the IPO opens on 10 October 2024. In the retail investor category, 35% of the net offer is reserved, and the remaining 50% of the net offer is reserved for the investor's category, like Qualified Institutional Buyers, and 15% for Non-institutional investors.

Allotment Details of Pranik Logistics IPO

Pranik Logistics IPO Allotment details are not yet available. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available on the registrar website, Maashitla Securities Private Limited.

Pranik Logistics IPO GMP

Currently, Pranik Logistics IPO GMP (grey market premium) is trading at 0. The issue price of this latest IPO is set at Rs 77 per share. It is expected that the listing price can be near to the issue price of Rs 77 only. However, if the subscription got oversubscribed then Pranik Logistics IPO GMP might rise in the coming days.

Lot Size Details of Pranik Logistics IPO

Pranik Logistics IPO lot size is set at 1600 shares per lot. Investors can bid a minimum of 1600 shares and its multiples. For the retail category, minimum and maximum bid is kept at 1600 shares amounting to Rs 1,23,200. The minimum lot size for HNI is 2 lots which is 3200 shares. The minimum investment for the HNI category is Rs 2,46,400.

Promoter Holdings of Pranik Logistics IPO

Pranik Logistics IPO promoter holdings are Pranav Kumar Sonthalia, Shradha Kumari, and Minal Sonthalia. The promoters' shareholdings before the IPO were 99.99%; however, after the IPO, shareholdings will decline to 73.49%.

Pranik Logistics Limited Company Financials (Amt in Lakhs)

Pranik Logistics Limited posted revenue of Rs 2,248.89 lakhs and net profit of Rs 108.90 lakhs for the period ending on 30 June 2024. The company’s revenue increased by 11% and PAT increased by 336% between the FY ending on 31 March 2024 and 31 March 2023.

Pranik Logistics IPO Registrar

Pranik Logistics IPO registrar is Maashitla Securities Private Limited. On the date of allotment, Investors can click on Maashitla Securities and select the name of the company and enter PAN number or application ID to know their allotment status.

Lead Managers of Pranik Logistics IPO Lead Managers

Pranik Logistics IPO lead managers are Narolia Financial Services Private Limited.

How to apply to Pranik Logistics IPO

Interested investors can apply to the Pranik Logistics IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Review of Pranik Logistics IPO

Pranik Logistics IPO is likely to get a positive response from the general public. The company is involved in the logistics sector. So, investors interested in the logistics sector can apply to this IPO. This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Pranik Logistics IPO GMP will also rise.

Pranik Logistics IPO FAQs

1. What are the details of the Pranik Logistics IPO?

Pranik Logistics IPO is a book-built issue of Rs 22.47 crores. This upcoming IPO is an entirely fresh issue of 29.18 lakh equity shares.

2. When will Pranik Logistics IPO open and close?

Pranik Logistics IPO subscription opens from Thursday, October 10, 2024, and closes on Monday, October 14, 2024.

3. What is Pranik Logistics IPO GMP?

Currently, Pranik Logistics IPO GMP (grey market premium) is trading at 0. The issue price of this latest IPO is set at Rs 77 per share. It is expected that the listing price can be near to the issue price of Rs 77 only. However, if the subscription got oversubscribed then Pranik Logistics IPO GMP might rise in the coming days.

4. What are the details of Pranik Logistics IPO reservation?

Pranik Logistics IPO subscription details will be available after the IPO opens on 10 October 2024. In the retail investor category, 35% of the net offer is reserved, and the remaining 50% of the net offer is reserved for the investor's category, like Qualified Institutional Buyers, and 15% for Non-institutional investors.

5. Write the details of the IPO Allotment?

Pranik Logistics IPO Allotment details are not yet available. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available on the registrar website, Maashitla Securities Private Limited.

6. Who is the registrar and lead managers for Pranik Logistics IPO?

Pranik Logistics IPO Registrar, is Maashitla Securities Private Limited. The book-running lead manager for this IPO is Narnolia Financial Services Private Limited. Investors can check the allotment status in the Maashitla Securities Private Limited official website.

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