Pranik Logistics is emerging as a leading logistics service provider in India, offering comprehensive logistic solutions from the point of origin to the point of consumption. Headquartered in Kolkata, the company operates extensively across Eastern India, integrating various services such as material handling, inventory management, transportation, warehousing, and security.

The company is currently launching an IPO amounting to ₹22.47 crores, consisting entirely of a Fresh Issue of 29.18 lakh shares. The subscription period opened on October 10, 2024, and is set to close on October 14, 2024. Investors can expect the allotment to be finalized on October 15, 2024, with shares tentatively listed on the NSE SME by October 17, 2024.

The share price band for the Pranik Logistics IPO is fixed between ₹73 and ₹77 per equity share, requiring a minimum lot size of 1,600 shares. This translates to a minimum investment of ₹1,23,200 for retail investors and ₹2,46,400 for High-Net-Worth Individuals (HNIs), who need to apply for at least 2 lots (3,200 shares).

The IPO is managed by NARNOLIA FINANCIAL SERVICES LIMITED as the book-running lead manager, while MAASHITLA SECURITIES PRIVATE LIMITED serves as the registrar. Additionally, Prabhat Financial Services Limited will act as the Market Maker for the IPO.

As of October 14, 2024, the Grey Market Premium (GMP) for Pranik Logistics is estimated at ₹13, indicating a healthy demand based on the company's financial performance and subscription status. It's crucial to note that the Grey Market operates independently and should be approached cautiously, as it does not guarantee accurate price discovery before the shares are listed on the stock exchange. The GMP serves educational purposes only.

Real-time updates show that as of 6:40 PM on October 14, the Pranik Logistics IPO live subscription status indicates it has been subscribed 201.30 times on its third day. This strong demand reflects investor confidence and interest in the company's prospects. For the latest updates, investors can check the Pranik Logistics IPO Live Subscription Status on the NSE.

In a significant move, Pranik Logistics has successfully raised ₹6.32 crores from anchor investors at a price of ₹77 per share, allocating 8,20,800 equity shares to these investors. This allocation signifies robust interest from institutional players and bodes well for the overall IPO performance.

To check the allotment status, investors can follow a straightforward process:

Navigate to the IPO allotment status page.

Select Pranik Logistics Limited IPO from the dropdown list.

Enter your application number, PAN, or DP Client ID.

Submit the details to view your allotment status.

Objectives of Pranik Logistics Limited IPO

The proceeds from the fresh issue will be directed towards several key objectives:

Investment in technology to enhance operational efficiency.

Meeting the capital expenditure requirements of the company.

Addressing the working capital needs of the business.

Supporting general corporate purposes.

Covering expenses associated with the issue itself.

Pranik Logistics IPO Review

Under the guidance of experienced promoters, including Mr. Pranav Kumar Sonthalia, Ms. Shradhha Kumari, and Ms. Minal Sonthalia, Pranik Logistics has shown substantial financial growth. The revenue figures for Fiscal 2024, 2023, and 2022 are ₹6,770.08 lakhs, ₹6,090.62 lakhs, and ₹3,360.96 lakhs, respectively. The EBITDA has also improved significantly, with figures of ₹934.19 lakhs, ₹345.13 lakhs, and ₹97.61 lakhs for the same periods.

The Profit After Tax (PAT) has shown a strong upward trend, with ₹406.56 lakhs for FY 2024, compared to ₹93.23 lakhs in FY 2023 and ₹31.54 lakhs in FY 2022. These results reflect a consistent performance and robust growth trajectory.

For the Pranik Logistics IPO, the company is issuing shares with a pre-issue EPS of ₹7.54 and a post-issue EPS of ₹3.96. The pre-issue P/E ratio stands at 10.21x, while the post-issue P/E ratio is 20.86x, which is considered attractive compared to the industry average P/E ratio of 69.39. Furthermore, the company's ROCE for FY 2024 is an impressive 54.14%, and RoE stands at 36.56%, suggesting that the IPO is fairly priced and presents a compelling investment opportunity.

As the subscription period progresses, the Grey Market Premium for Pranik Logistics Limited IPO is expected to remain around ₹13, further indicating positive sentiment among investors.

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