IPO Details
Bidding Dates
10 Oct 24 - 14 Oct 24
Price Range ₹
73 - 77
Total Equity
₹ 22.47Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
10 Oct 2024
Offer end
14 Oct 2024
Allotment
15 Oct 2024
Refund initiation
16 Oct 2024
Demat transfer
16 Oct 2024
Listing
17 Oct 2024
Offer start
10 Oct 2024
Offer end
14 Oct 2024
Allotment
15 Oct 2024
Refund initiation
16 Oct 2024
Demat transfer
16 Oct 2024
Listing
17 Oct 2024
About Company
Founded in 2015, Pranik Logistics Limited provides integrated logistics solutions across India. As a freight forwarder and transporter, the company offers services including transportation, warehousing, material handling, and freight forwarding to clients in industries such as retail, consumer durables, telecom, manufacturing, and pharma. Pranik Logistics owns a fleet of 86 commercial vehicles, which can also be leased when needed. The company directly manages 30 warehouses across the country. Competitive Strengths: - Experienced and skilled management team - Strong, long-term customer relationships across various industries - Asset-light business model - Commitment to quality assurance and standards As of September 30, 2024, Pranik Logistics employed 625 permanent staff members.
Year Founded
14-02-2015
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.99 | 73.49 |
| Share Capital | 8091150 | 8091150 |
Offer to Public
29,18,400.00 Cr
Project Details
- Investment in Technology/ERP - 8cr
- Capital Expenditure - 22cr
- Working Capital Requirement - 120cr
Objectives
- To meet out the expenses for Investment in technologyTo meet out the Capital Expenditure Requirement of Company
- To meet out the Working Capital requirements of the Company
- To meet out the General Corporate Purposes
- andTo meet out the Issue Expenses.
Highlights
- Timely and secure deliveries.
- Skilled management team with a dedicated and efficient workforce.
- Strong and positive relationships with clients.
- Ongoing expansion of our transportation network and fleet.
- Continuous improvements in operational efficiency through technological advancements.
Challenges
- The company does not own the premises where it conducts its business operations, making it vulnerable to lease-related risks.
- The company's success is heavily reliant on the expertise of its Directors and Key Managerial Personnel. Losing any of them could significantly impact its performance.
- There is ongoing litigation against its Promoters, which, if ruled unfavorably, could negatively affect the company's business and financial health.
- The company relies on technology provided by its clients and does not own any operational technology, making it vulnerable to disruptions or system failures.
- A significant portion of the company's revenue comes from a few top customers, and losing a major customer or a drop in demand could adversely affect its business and financial condition.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 907.56 | 260.00 | 406.56 | 406.56 | 5.0244 |
| 2022 | 1,401.10 | 260.00 | 406.56 | 406.56 | 5.0244 |
| 2024 | 3,558.90 | 539.45 | 406.56 | 406.56 | 5.0244 |
| 2023 | 2,350.45 | 539.45 | 406.56 | 406.56 | 5.0244 |
