Pranik Logistics Ltd IPO

Pranik Logistics Ltd IPO

Logistics

sme

Bidding period

10 Oct 2024 - 14 Oct 2024

Bid price

₹77.00 - ₹77.00

Listing on

NSE-SME

Listing date

17 Oct 2024

Lot size

1600 shares

Issue size

₹22.47 crore


Minimum investment

₹1,23,200.00 / 1 lot

Maximum investment

₹1,23,200.00 / 1 lot

Bidding closed on 14 Oct 2024

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Pranik Logistics Ltd IPO dates

IPO opening date

10 Oct 2024

IPO end date

14 Oct 2024

Allotment date

15 Oct 2024

Initiation of refunds

16 Oct 2024

Credit of shares to demat

16 Oct 2024

IPO listing date

17 Oct 2024

Pranik Logistics Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹35.68
Total liabilities ₹35.68
Total expenditure ₹62.13
Total revenue ₹67.70
Profit after tax ₹4.07
EBITDA ₹9.34
Adjusted EBITDA ₹0.00

Pranik Logistics Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 99.99 73.49
Public group 0.01 26.51

Pranik Logistics Ltd strengths and risks

Information currently unavailable

  • Timely and safe deliveries.

  • Experienced management team and a motivated and efficient work force.

  • Cordial relations with our clients.

  • The Company does not own the premises through which its conduct the company's business operations.

  • Its business heavily relies on the expertise and guidance of the company's Directors and Key Managerial Personnel to ensure sustained success. The loss of any of them could have a significant impact on the company.

  • There is outstanding litigation pending against its Promoters which, if determined adversely, could affect the company's business, results of operations and financial condition.

  • The company does not own any technology for operating its business and currently the company relies on the technology provided by its client. Further any disruption or failures of technological systems may affect its operations.

  • The company depends on its top customers for a significant portion of its revenues. The loss of a major customer or significant reduction in demand from any of the company major customers may adversely affect its business, financial condition, results of operations and prospects.

  • The Company has negative cash flows from its operating, investing and its financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact on its growth and business.

  • Its contingent liabilities as stated in the company Restated Financial Statements could adversely affect its financial conditions.

  • The company depends on third parties to acquires vehicles utilized in its transportation operations. Further, market instability, including changes in fuel costs may adversely impact the company's operations and financial performance.

  • The restated financial statements have been provided by peer reviewed chartered accountants who are not statutory auditors of the Company.

  • Its top five states contribute its major revenue for the period ended June 30, 2024, and year ended 31st March 2024, 2023, 2022. Any loss of business from one or more of these states may adversely affect its revenues and profitability.

How to check the allotment status of the Pranik Logistics Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Pranik Logistics Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Pranik Logistics Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Pranik Logistics Ltd IPO registrar

Maashitla Securities Pvt Ltd

Phone number 011-45121795
E-mail ID ipo@maashitla.com
Website www.maashitla.com

Pranik Logistics Ltd IPO reservation

QIB shares offered

5,55,200 (19.02%)

NII (HNI) shares offered

4,14,400 (14.2%)

Retail shares offered

9,66,400 (33.11%)

Anchor investor shares offered

8,20,800 (28.13%)

Total shares offered

29,18,400

Total shares with anchor investor

29,18,400

Pranik Logistics Ltd IPO lead manager

  • Narnolia Financial Services Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Pranik Logistics Ltd IPO?

The listing date for the Pranik Logistics Ltd IPO is 17 Oct 2024.

What is the issue size of Pranik Logistics Ltd IPO?

The issue size of the Pranik Logistics Ltd IPO is ₹22.47 cr.

What is the minimum lot size needed for Pranik Logistics Ltd IPO?

The minimum lot size for Pranik Logistics Ltd IPO is 1600

When does the Pranik Logistics Ltd open and close?

Pranik Logistics Ltd IPO is open from 10 Oct 2024 to 14 Oct 2024.

How can I apply for the Pranik Logistics Ltd IPO?

To apply for the Pranik Logistics Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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