Are you ready for the latest IPO opportunity? Pranik Logistics Limited, a leading integrated logistics provider in India, is launching its Initial Public Offering (IPO) in October 2024.
This IPO has caught the attention of investors, given Pranik’s strong market position and promising growth trajectory in the logistics sector. If you’re looking to invest or simply want to understand the details, here’s a breakdown of everything you need to know about the Pranik Logistics IPO.
Pranik Logistics IPO 2024: All You Need to Know
IPO Overview
The Pranik Logistics IPO is a book-built issue with a total value of ₹22.47 crores, entirely made up of fresh issues, offering 29.18 lakh shares. With the bidding window open from October 10, 2024, to October 14, 2024, investors have limited time to make their move. The IPO will be listed on the NSE SME exchange, with the tentative listing date set for October 17, 2024.
Pranik Logistics IPO Key Details:
- IPO Price Band: ₹73 to ₹77 per share
- Total Issue Size: 29.18 lakh shares (₹22.47 Cr)
- Minimum Investment (Retail Investors): ₹123,200 for 1600 shares
- Minimum Investment (HNI): ₹246,400 for 3200 shares
- IPO Dates:
- Opening Date: October 10, 2024
- Closing Date: October 14, 2024
- Basis of Allotment: October 15, 2024
- Listing Date: October 17, 2024
This IPO has generated significant interest due to its potential for growth and Pranik’s proven track record in the logistics sector.
Investment Breakdown & Allotment Details
Investors can subscribe to a minimum of 1600 shares per application, with retail investors required to invest ₹123,200. For High Net-worth Individuals (HNIs), the minimum lot size is 2 lots (3200 shares), amounting to an investment of ₹246,400.
The IPO also has a well-distributed reservation between various categories:
- QIB (Qualified Institutional Buyers): 5,55,200 shares (19.02%)
- NII (Non-Institutional Investors/HNIs): 4,14,400 shares (14.2%)
- RII (Retail Individual Investors): 9,66,400 shares (33.11%)
- Anchor Investors: 8,20,800 shares (28.13%)
Promoters & Financial Performance
Pranik Logistics is led by experienced promoters including Mr. Pranav Kumar Sonthalia, Ms. Shradha Kumari, and Ms. Minal Sonthalia, who collectively hold 99.99% of the company’s pre-issue shares. Post-issue, this holding will reduce to 73.49%, reflecting the dilution from the new issuance.
Pranik Logistics has demonstrated impressive financial growth. Between FY2023 and FY2024, the company’s revenue increased by 11%, while profits after tax (PAT) skyrocketed by 336%, highlighting strong financial fundamentals.
Here’s a snapshot of key financial metrics (in ₹ lakhs):
- Revenue (FY24): ₹6,770.08 (up from ₹6,090.62 in FY23)
- Profit After Tax (FY24): ₹406.56 (up from ₹93.23 in FY23)
- Total Assets (FY24): ₹3,568.3
- Net Worth (FY24): ₹1,143.19
With robust revenue growth and a rising PAT margin, Pranik Logistics is positioned for further expansion, making this IPO an exciting prospect.
Competitive Advantages
Pranik Logistics stands out in the competitive logistics space with its:
- Experienced Management: A qualified team with deep industry expertise.
- Asset-Light Business Model: Reduces overheads while maintaining flexibility.
- Diverse Client Base: Long-standing relationships with customers across retail, consumer durables, pharma, and telecom sectors.
- Nationwide Coverage: With 30 self-managed warehouses and a fleet of 86 commercial vehicles, the company ensures seamless logistics operations across India.
How to Apply for the Pranik Logistics IPO?
To participate in the Pranik Logistics IPO, you can bid online through your Demat account with any registered broker. The company has engaged Narnolia Financial Services Ltd as the book-running lead manager, and Maashitla Securities Private Limited as the registrar for the issue.
Make sure to confirm your UPI mandate before the cut-off time of 5 PM on October 14, 2024.
Why Invest in Pranik Logistics IPO?
- Growing Market: The Indian logistics sector is expanding rapidly, driven by rising consumer demand and the government’s push for infrastructure development.
- Strong Financials: Pranik Logistics has shown significant financial improvement, with growing revenues and a strong profit margin.
- Asset-Light Model: This approach reduces operational risks while maximizing efficiency.
- Prominent Market Player: With a large customer base and a PAN-India presence, Pranik is well-positioned to capitalize on the growth of the logistics sector.
Conclusion
The Pranik Logistics IPO offers a unique opportunity to invest in a growing logistics company with a strong financial footing and a nationwide presence. With an affordable price band and promising growth prospects, this IPO is one to watch closely.
Investors looking for a solid IPO in the logistics sector should definitely consider the Pranik Logistics IPO, as it combines growth potential with financial stability.
FAQs
1. What is the price band for the Pranik Logistics IPO?
The price band for the Pranik Logistics IPO is set at ₹73 to ₹77 per share.
2. What is the lot size for retail investors?
Retail investors must purchase a minimum of 1600 shares, amounting to an investment of ₹123,200.
3. When will Pranik Logistics IPO be listed on the NSE SME?
The Pranik Logistics IPO is expected to list on October 17, 2024, on the NSE SME exchange.
4. How has Pranik Logistics performed financially?
Pranik Logistics has shown strong financial growth, with a 336% increase in profits after tax between FY2023 and FY2024, and an 11% revenue growth during the same period.
5. How can I apply for the Pranik Logistics IPO?
You can apply through your broker’s online portal using your Demat account, ensuring UPI mandate confirmation before 5 PM on October 14, 2024.
Don’t miss out on this opportunity to invest in one of India’s fastest-growing logistics companies!
