Pranik Logistics Limited (NSE SME)
Oct 10, 2024 - Oct 14, 2024
| Price | ₹73 - ₹77 |
| Premium | ₹4 |
|---|---|
| Lot size | 1600 |
| Allotment | Oct 15, 2024 |
| Listing | Oct 17, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 123200 | 604 |
| HNI | 2 | 3200 | 246400 | 259 |
Last updated on 14-Oct-2024 18:33:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 555200 | 19806400 | 35.67 |
| NIB | 414400 | 308496000 | 744.44 |
| RETAIL | 966400 | 93945600 | 97.21 |
| Total | 1936000 | 422248000 | 218.1 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 16 |
| NIB | 5260 |
| RETAIL | 58716 |
| Total | 63992 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 4.28 | 152.51 | 35.67 |
| NIB | 3.19 | 2375.42 | 744.44 |
| RETAIL | 7.44 | 723.38 | 97.21 |
| Total | 14.91 | 3251.31 | 218.1 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹3.69 | @8% ₹4.21 | @9% ₹4.74 | @10% ₹5.27 | @11% ₹5.79 | @12% ₹6.32 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹76.95 | @8% ₹87.95 | @9% ₹98.94 | @10% ₹109.93 | @11% ₹120.93 | @12% ₹131.92 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.11% | 966400 |
| NII (HNI) | 14.20% | 414400 |
| Anchor | 28.13% | 820800 |
| QIB | 19.02% | 555200 |
| Market Maker | 5.54% | 161600 |
| Total | 100.00% | 2918400 |
Pranik Logistics IPO Details
| Issue Size | 2,918,400 shares (aggregating up to ₹22.47 Cr) |
| Fresh Issue | 2,918,400 shares (aggregating up to ₹22.47 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,091,750 |
| Share holding post issue | 11,010,150 |
| Market Maker portion | 161,600 shares Prabhat Financial Services |
Key Performance Indicator
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 8.70% | 35.56% | 12.66% |
| ROCE | 11.79% | 54.14% | 23.38% |
| RONW | 8.70% | 35.56% | 12.66% |
| D/E | 1.57 | 1.56 | 1.88 |
| EPS (basic) | 1.35 | 7.54 | 1.73 |
| P/E Pre IPO | 15.33 | ||
| P/E Post IPO | 19.46 |
Company Financials
Pranik Logistics Limited Financial Information (Restated)
Pranik Logistics Limited's revenue increased by 11% and profit after tax (PAT) rose by 336% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Jun 2024 | Mar 2024 | Mar 2023 | Mar 2022 | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 3,842.75 | 3,568.3 | 2,352.73 | 1,404.48 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,248.89 | 6,770.08 | 6,090.62 | 3,360.96 | ||||||||||||||||||||||||||||||||||||
| Profit | 108.9 | 406.56 | 93.23 | 31.54 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,252.09 | 1,143.19 | 736.63 | 363.96 | ||||||||||||||||||||||||||||||||||||
| Reserves | 442.91 | 603.74 | 197.18 | 103.95 | ||||||||||||||||||||||||||||||||||||
| Borrowing | 1,961.83 | 1,783.95 | 1,382.09 | 577.87 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About Company
Pranik Logistics Limited, founded in 2015, is a PAN India provider of integrated logistics solutions, operating as a freight forwarder and transporter. The company offers a wide range of services including transportation, warehousing, material handling, and freight forwarding, catering to clients across industries such as retail, consumer durables, telecom, manufacturing, and pharmaceuticals. Pranik Logistics boasts an asset-light business model, owning a fleet of 86 commercial vehicles, which are available for leasing if needed, and directly managing 30 warehouses across the country. As of September 30, 2024, Pranik Logistics employed 625 permanent staff.
Narnolia Financial Services Ltd
Timely and Safe Deliveries: With 86 vehicles and 30 warehouses, the company ensures prompt and secure logistics services across various industries.
Experienced Team: A skilled management team and 625 dedicated employees drive efficient operations and customer satisfaction.
Strong Client Relationships: Long-standing, trusted partnerships with clients across sectors reflect the company's commitment to reliable service.
Dependence on Leased Premises: The Company does not own the premises used for business operations, making it reliant on leased properties, which could pose challenges if leases are not renewed or terms change unfavorably.
Reliance on Key Personnel: The business depends heavily on the expertise of its Directors and Key Managerial Personnel, and the loss of any of them could negatively impact operations and overall success.
Outstanding Litigation: There are pending legal cases against the company's Promoters, and if outcomes are unfavorable, it could affect the business's operations, financial performance, and overall stability.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues