Pranik Logistics Limited IPO GMP

Pranik Logistics – Leading Logistics service Provider in India. They provide complete logistic solutions to their clients i.e. from the point of origin to the point of consumption in order to meet the needs of the customer.  Pranik Logistics is a limited company, Head Office in Kolkata spreading its wings across Eastern India. Their services are an integration of material handling, inventory, transportation, warehousing and often security.

Pranik Logistics, an Book Built Issue amounting to ₹22.47 Crores, consisting entirely an Fresh Issue of 29.18 Lakh Shares. The subscription period for the Pranik Logistics IPO opens on October 10, 2024, and closes on October 14, 2024. The allotment is expected to be finalized on or about Tuesday, October 15, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Thursday, October 17, 2024.

The Share price band Pranik Logistics IPO is set at ₹73 to ₹77 equity per share, with a minimum lot size of 1,600 shares. Retail investors are required to invest a minimum of ₹1,23,200, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3,200 shares), amounting to ₹2,46,400.

NARNOLIA FINANCIAL SERVICES LIMITED is the book-running lead manager, MAASHITLA SECURITIES PRIVATE LIMITED is the registrar for the Issue. Prabhat Financial Services Limited will act as Market Maker for the Pranik Logistics IPO.

Pranik Logistics Limited IPO GMP Today
The Grey Market Premium of Pranik Logistics Limited IPO is expected to be ₹13 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Pranik Logistics Limited IPO Live Subscription Status Today: Real-Time Updates
As of 06:40 PM on 14 October 2024, the Pranik Logistics IPO live subscription status shows that the IPO subscribed 201.30 times on its Third day of subscription period. Check the Pranik Logistics IPO Live Subscription Status Today at NSE.

Pranik Logistics Limited IPO Anchor Investors Report
Pranik Logistics has raised ₹6.32 Crore from Anchor Investors at a price of ₹77 per shares in consultation of the Book Running Lead Managers. The company allocated 8,20,800 equity shares to the Anchor Investors. Check Full list of Pranik Logistics Anchor Investors List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Pranik Logistics Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Pranik Logistics IPO allotment date is 15 October, 2024, Tuesday. Pranik Logistics IPO Allotment will be out on 15th October 2024 and will be live on Registrar Website from the allotment date. Check Pranik Logistics Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Pranik Logistics Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Pranik Logistics Limited IPO
Pranik Logistics Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1.To meet out the expenses for Investment in technology 
2. To meet out the Capital Expenditure Requirement of Company
3. To meet out the Working Capital requirements of the Company
4. To meet out the General Corporate Purposes; and 
5. To meet out the Issue Expenses.

Refer to Pranik Logistics Limited RHP for more details about the Company.