Pranik Logistics Ltd. was incorporated on February 24, 2015. The company operates as a carrying and forwarding agent, offering end-to-end logistics solutions from origin to consumption. As a pan-Indian logistics provider, it delivers integrated services such as transportation, warehousing, material handling, and freight forwarding to various industries, including retail, consumer durables, telecom, manufacturing, and pharma
| Bidding Dates |
|---|
| 10 Oct 2024 - 14 Oct 2024 |
| Subscription |
|---|
| 201.3x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,16,800 | 1 | 1 | 1600 | 2.9 M | ₹73 - ₹77 | 73.49 % | ₹213.0 M - ₹224.7 M | RHP DOC |
Pranik Logistics Ltd. IPO SUBSCRIPTION STATUS
14 Oct '24Pranik Logistics Ltd. IPO overall subscription rate was 201.3 times the total available shares
Pranik Logistics Ltd. IPO retail subscription rate was 127.96 times in the retail segment
Pranik Logistics Ltd. IPO non-institutional investor subscription rate was 980.47 times in the non-institutional investor category
Pranik Logistics Ltd. IPO Qualified Institutional Bidder subscription rate was 18.88 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
14 Oct 2024 (Day 3) | 127.96x | 980.47x | 18.88x |
11 Oct 2024 (Day 2) | 10.39x | 2.38x | 0x |
10 Oct 2024 (Day 1) | 5.7x | 1.11x | 0x |
Pranik Logistics Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY25 | 10.9 | 223.1 | 7.4 | -5.5 | 10.4% |
| FY24 | 40.7 | 668.4 | 59.8 | 37.9 | 14.0% |
| FY23 | 9.3 | 605.3 | 34.8 | -3.1 | 5.7% |
| FY22 | 3.2 | 334.7 | 16.1 | 2.6 | 2.9% |
Pranik Logistics Ltd. IPO SUBSCRIPTION STATUS DETAILS
Pranik Logistics Ltd. had 2.9 M shares on offer
Pranik Logistics Ltd. IPO offer price was in the range ₹73 - ₹77
Pranik Logistics Ltd. IPO minimum Investment was ₹116800
Pranik Logistics Ltd. IPO issue size was ₹ 213.0 M - ₹ 224.7 M
Pranik Logistics Ltd. had a minimum lot size of 1600 Shares per application
Pranik Logistics Ltd. NUMBER OF SHARES ON OFFER
Pranik Logistics Ltd. IPO IMPORTANT DATES
| Issue Open Date | 10 Oct 2024 |
| Issue close Date | 14 Oct 2024 |
| Allotment Date | 15 Oct 2024 |
| Refund Date | 16 Oct 2024 |
| Demat Account Credit Date | 16 Oct 2024 |
| Listing Date | 17 Oct 2024 |
| Listing on Exchange(s) | NSE |
| Pranik Logistics Ltd. Allotment Status | Exchange |
Pranik Logistics Ltd. IPO subscription opened on 10 Oct 2024, and closed on 14 Oct 2024
IPO allotment for Pranik Logistics Ltd. was finalized on Tuesday, 15 Oct 2024
IPO listing for Pranik Logistics Ltd. was on NSE on Thursday, 17 Oct 2024
Pranik Logistics Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 77.0 |
| Listing Open Price | 79.0 |
| Listing Close Price | 83.0 |
| Listing Gain% | 2.6% |
| Current Gain% | -46.8% |
Pranik Logistics Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pranik Logistics Ltd. | 41 | 45.1 | 6.4 | 0.7 | 0.3 | 15.7 | 7.3 | 161.9 | 52.7 | 7 | 9.2 | 6.4 | 9.2 |
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Pranik Logistics Ltd. INFORMATION ON IPO ISSUE
About Pranik Logistics Ltd.
Pranik Logistics Ltd. was incorporated on February 24, 2015. The company operates as a carrying and forwarding agent, offering end-to-end logistics solutions from origin to consumption. As a pan-Indian logistics provider, it delivers integrated services such as transportation, warehousing, material handling, and freight forwarding to various industries, including retail, consumer durables, telecom, manufacturing, and pharma
Object of the Issue
- To meet the expenses for investment in technology
- To meet the capital expenditure requirement of the company
- To meet the working capital requirements of the company
- To meet the general corporate purposes
- To meet the issue expenses
Pranik Logistics Ltd. - PROMOTERS
| Name |
|---|
| Pranav Kumar Sonthalia |
| Shradha Kumari |
| Minal Sonthalia |
Pranik Logistics Ltd. Lead Manager of the Issue
Narnolia Financial Services Limited
ipo@narnolia.com
Pranik Logistics Ltd. Registrar to the issue
Maashitla Securities Private Limited
po@maashitla.com
Pranik Logistics Ltd. Strengths
Asset-light business model
The company primarily operates on an "asset-light" business model, allowing flexibility, scalability, and high capital efficiency. This approach reduces capital expenditure, mitigates operational risks from maintenance costs and depreciation, and lessens the impact of regulatory changes. Currently, the company owns 86 vehicles, with additional needs managed through trip-based leasing
Quality assurance and standards
The company has obtained an FSSAI license to facilitate the delivery of perishable goods. Adhering to industry quality standards leads to repeat orders from customers, and helps maintain its brand image in the market
Long-standing relationships
The company has established long-standing relationships with its customers, built on a commitment to quality and timely delivery. Over the past decade, it has gained invaluable experience by incorporating the latest technologies and optimizing its resources, continuously improving offerings to meet customer needs
Pranik Logistics Ltd. Risks
Dependent on transportation providers
The company relies on third parties to acquire vehicles for its transportation operations. Additionally, market instability, such as fluctuating fuel costs, may negatively affect its operations and financial performance
Expenses
A significant portion of expenses arises from freight and forwarding charges categorized as "other expenses." Failure to effectively reduce and manage these costs may negatively impact future profitability
Handling of goods
The company is vulnerable to risks from improper handling of goods at its facilities. Shortcomings due to fraud, theft, negligence, or human error could harm its reputation and negatively impact business, financial condition, and operational results
IPO FAQs
The promoters of the company are Pranav Kumar Sonthalia, Shradha Kumari and Minal Sonthalia.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 73.0 - 77.0.
The IPO application opens on Oct 10, 2024 and closes on Oct 14, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 116,800.0, the maximum value for this IPO is Rs 123,200.0.
This IPO will be allotted on Oct 15, 2024.
The refund will be credited to your account on Oct 16, 2024.
The allotted shares will be credited to your demat on Oct 16, 2024.
Pranik Logistics Ltd.’s shares listed on the stock exchanges on Oct 17, 2024.