Pranik Logistics Limited

10 Oct 2024 - 14 Oct 2024 Individual Category SME NSE

Min Investment

₹123200

Price Band

₹73-₹77

Issue Size

20.98 lakhs
Equity Shares

Lot Size

1600

IPO Dates
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10 Oct 2024

Open Date

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14 Oct 2024

Close Date

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15 Oct 2024

Allotment Date

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17 Oct 2024

Listing Date

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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About Pranik Logistics Limited

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.

Founded

2015

Managing Director

Pranav Kumar Sonthalia, Shradha Kumari, and Minal Sonthalia

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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