Pranik Logistics IPO is a book-built issue totaling Rs 22.47 crores, comprising a fresh issue of 29.18 lakh shares.
The IPO opens for subscription on October 10, 2024, and closes on October 14, 2024. The allotment is expected to be finalized on Tuesday, October 15, 2024, and the shares will be listed on the NSE SME platform with a tentative listing date set for Thursday, October 17, 2024.
Pranik Logistics operates in the logistics sector. They provide comprehensive logistics solutions, including transportation, warehousing, material handling, and freight forwarding services. Their clients span various industries such as retail, consumer durables, telecom, manufacturing, pharmaceuticals, and more.
The price band for the IPO is set between ₹73 and ₹77 per share. Retail investors can apply for a minimum lot size of 1,600 shares, requiring an investment of ₹123,200. High Net Worth Individuals (HNIs) can invest in a minimum of 2 lots (3,200 shares), amounting to ₹246,400.
Narnolia Financial Services Ltd is the book-running lead manager for the issue, while Maashitla Securities Private Limited is the registrar. Prabhat Financial Services is the market maker for the IPO.
Pranik Logistics IPO Details:
| Company Name | Pranik Logistics Limited |
| Sector | Logistics |
| IPO Type | SME |
| IPO Open date | 10th Oct 2024 |
| IPO Close date | 14th Oct 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Pranik Logistics IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | 1,23,200 |
| HNI (Min) | 2 | 3200 | 2,46,400 |
Pranik Logistics IPO Timeline:
| IPO Open Date | 10th Oct 2024 |
| IPO Close Date | 14th Oct 2024 |
| Basis of Allotment | 15th Oct 2024 |
| Refund Initiation Date | 16th Oct 2024 |
| Shares Credit to Demat | 16th Oct 2024 |
| Listing Date | 17th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Pranik Logistics’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Logistics Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Pranik Logistics and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
