Pranik Logistics IPO

About Pranik Logistics IPO

Pranik Logistics is set to launch its IPO with a fresh issue of 29.18 lakh shares, aiming to raise ₹22.47 crores. The IPO will open for subscription from October 10, 2024, to October 14, 2024. Investors can apply for shares within the price band of ₹73 to ₹77 per share. 

The minimum application size is 1600 shares, requiring a retail investor to invest at least ₹1,23,200. For high-net-worth individuals (HNIs), the minimum investment is set at 3,200 shares, amounting to ₹2,46,400. The allotment of shares is expected to be finalised on October 15, 2024. 

Pranik Logistics plans to list on the NSE SME platform with a tentative listing date of October 17, 2024. Narnolia Financial Services Ltd is the book-running lead manager for the issue, while Maashitla Securities Private Limited serves as the registrar. Prabhat Financial Services will act as the market maker for the IPO. This IPO presents an opportunity for investors to participate in a growing logistics company aiming to expand its operations.

Industry Outlook

1. The smart warehousing market is expected to surpass USD 122 billion by 2036, with a projected CAGR of 15% from 2024 to 2036. This rapid growth is fueled by technological advancements like AI and IoT, which are helping to streamline operations and reduce errors. 
2. India's logistics market, currently valued at USD 282.3 billion, is expected to reach USD 557.4 billion by 2032. With a CAGR of 7.85%, this growth is driven by the rise in e-commerce and digital trade. As Pranik Logistics continues to expand, the industry's positive growth will aid in scaling operations and capturing a larger market share.

Pranik Logistics IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Allocate funds to invest in advanced technologies, improving efficiency and innovation.
2. Allocate funds to expand and upgrade infrastructure and equipment, enhancing overall capacity.
3. To support the company's day-to-day operational costs, ensuring smooth and efficient business operations.
4. The remaining funds will be allocated towards general corporate purposes.

About Pranik Logistics Limited 

Pranik Logistics Limited, incorporated on February 24, 2015, began as a private limited company under the name "Pranik Logistics Private Limited." On March 7, 2024, it transitioned to a public limited company following a resolution passed on January 15, 2024. Pranik Logistics provides end-to-end logistics solutions, acting as a carrying and forwarding agent across various industries, including automotive, retail, and construction.

The company offers a range of services, including transportation, warehousing, material handling, and freight forwarding. Pranik Logistics owns a fleet of over 80 vehicles and operates 30 warehouses across India. Its diverse fleet includes container and platform trucks, enabling it to handle a wide range of consignments.

Pranik Logistics uses client-provided technological systems to ensure service quality and operational efficiency. Additionally, the company holds FSSAI certifications for delivering perishable goods. Revenue is generated from carrying and forwarding services, warehouse rent, manpower charges, storage services, and SPA income.

With a focus on providing tailored logistics solutions, Pranik Logistics has positioned itself as a reliable logistics partner for its clients, offering comprehensive support from the point of origin to final delivery.

Peer Details

According to RHP, SJ Logistics (India) Limited is the only listed peer whose business operations are similar to that of Pranik Logistics Limited.

How To Check the Allotment Status of the Pranik Logistics Limited IPO?

A: Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How to apply for Pranik Logistics IPO online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Pranik Logistics IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Pranik Logistics IPO 

Registered office: P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata, West Bengal – 700091

Phone: +91 7667852418

E-mail: ayon@pranikgroup.com