Loading...

Home >> Blog >> Pranik Logistics Limited IPO: Review, Valuation, Date & GMP

Pranik Logistics Limited IPO: Review, Valuation, Date & GMP

  


Pranik Logistics IPO-Complete Overview

Pranik Logistics IPO under the SME IPO category is a book-built issue of Rs.22.47 crore by Pranik Logistics Pvt Limited. The company was established in 2015 and provides integrated logistical solutions. 

The company serves clients in a variety of industries, including retail, consumer durables, telecom, manufacturing, pharmaceutical, and others. It is a PAN India logistics provider that functions as a freight forwarder and transporter and offers integrated services like transportation, warehousing, material handling, and freight forwarding.

It owns 86 commercial cars, which it may also lease if needed. Furthermore, the organization maintains 30 warehouses under its direct management.

This Pranik Logistics IPO will start on 10 October 2024, and its ‘initial public offering’ will end on 14 October 2024.

Pranik Logistics IPO Overview

The Rs.22.47 crore new SME IPO comprises a wholly fresh issue of 29.18 lac Shares.

This upcoming IPO date is from October 10 to October 14, 2024. Pranik Logistics IPO price band is Rs.73 to Rs.77 for each Share. 

The expected IPO listing date is Thursday, 17 October 2024, and listing at NSE and SME.

If You want to apply for the IPO, Click Here to Open a Demat Account.

How to get an IPO refund?

If you have applied for the IPO but have not been allotted the Shares by the Registrar and now looking for “ what to do if IPO refund is not received ”, then we have covered the blog which explains the steps to get your IPO refund. Click here to learn the steps.

Company Financial

The company’s revenue grew by 11% and PAT increased by 336% during FYs ending 31 March 2024 and 31 March 2023.

(Amount in Lac)

Period

30 Jun 2024

31 Mar 2024

31 Mar 2023

Total Assets 

3,842.75

3,568.3

2,352.73

Total Revenue

2,248.89

6,770.08

6,090.62

PAT

108.9

406.56

93.23

Net Worth

1,252.09

1,143.19

736.63

Total Reserves & Surplus

442.91

603.74

197.18

Borrowings

1,961.83

1,783.95

1,382.09

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

Net Cash Flow In Multiple Activities

30 Jun 2024

31 Mar 2024

31 Mar 2023

Net Cash Flow Operating Activities

73.94 

598.32 

348.01

Net Cash Flow Investing Activities

-118.16

-165.42

-349.68

Net Cash Flow Financing Activities

29

-158.82

278.12

 

Geography-wise Revenue Breakdown  

(Amount in lac)

Particulars

Apr to 30 Jun 2024

31 Mar 2024

31 Mar 2023

Haryana 

118.59

278.13

273.42 

Gujarat 

100.70

132.42

61.89

Kerala 

-

70.23

-

Chhattisgarh

56.42

162.55 

47.07

Madhya Pradesh 

28.77

56.12

-

Delhi 

0.38 

8.84 

48.18 

Karnataka 

12.68

40.24

62.27 

Tamil Nadu

41.42

28.75

78.74 

Rajasthan 

0.34

23.50 

22.60 

Telangana  

4.54

-

1.43 

Uttarakhand 

-

1.99

46.24

Assam 

19.30

14.95

-

Arunachal Pradesh 

2.44

0.89 

-

Punjab

35.47

83.10

-

Sikkim 

4.48

-

-

West Bengal 

743.40

2,625.97 

2,212.08 

Jharkhand

456.27

1,508.63

1,031.73 

Bihar 

143.04

438.59

745.60 

Orissa 

130.87

344.74

632.22 

Uttar Pradesh 

78.50

406.89

356.64 

Maharashtra 

253.30 

457.42

432.59

Total 

2,230.90

6,683.93

6,052.70 

 

 

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

  • To cover the costs associated with technological investment.

  • The company's capital expenditure demand.

  • The working capital requirements.

  • The issue expenses.

  • General corporate purposes.

 

Peers of Pranik Logistics Ltd.

Company Name

Face Value (Rs.)

EPS (Rs.)

P/E (x)

S J Logistics (India) Limited

10

20.03

29.28

 

Note:-

The basic EPS of the peers is for the financial year ending 31 March 2024.

 

Evaluation

The Pranik Logistics Limited IPO share price is Rs.73 to Rs.77 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.7.54 from the last year, the resulting P/E ratio is 10.21x.

Considering the weighted EPS of Rs.4.55 for the last three years, the P/E ratio is 16.92x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 69.39x.

 

Particulars

P/E Ratio (x)

Highest 

185.47

Lowest 

15.53

Average

69.39

 

IPO's Strengths 

  • Knowledgeable and skilled management group.

  • Long-standing connections with clients from a range of industries.

  • Asset-light business strategy.

  • Standards and quality control.

 

IPO’s Weaknesses

  • Reliance on outside vehicles for specific tasks.

  • Restricted geographic reach in comparison to more established logistics companies.

  • Fierce rivalry in the logistics industry.

  • Fuel price fluctuations and their impact on operating expenses.

  • Modifications to regulations that affect the transportation sector.

 

Pranik Logistics Limited IPO GMP

Pranik Logistics IPO GMP today is Rs.0 as of 08 October 2024. With a price of Rs.77 per Share, the estimated IPO listing price is Rs.77 when writing this information.

IPO Timetable (Tentative)

The Pranik Logistics Limited IPO opening date is from October 10 to October 14, 2024, with allotment on October 15, refund initiation on October 16, and listing on October 17, 2024.

Events 

Date

IPO Opening Date

October 10, 2024

IPO Closing Date

October 14, 2024

IPO Allotment Date 

October 15, 2024

Refund Initiation 

October 16, 2024

IPO Listing Date

October 17, 2024

 

Pranik Logistics IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 2,918,400 Shares (Rs.22.47 Cr). Pranik Logistics Limited’s IPO listing price will be available as soon as this Logistics IPO from Pranik gets listed on the exchange.

IPO Opening & Closing date 

October 10, 2024 to October 14, 2024

Face Value 

Rs.10 per Share

Issue Price

Rs.73 to Rs.77 per Share.

Lot Size

1600 Shares

Issue Size

2,918,400 Shares (Rs.22.47 Cr)

Offer for Sale 

NA.

Fresh Issue 

2,918,400 Shares (Rs.22.47 Cr)

Listing at

NSE, SME

Issue Type 

Book Built Issue IPO

Registrar 

Maashitla Securities Private Limited 

Pranik Logistics IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs.1,23,200 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs.2,46,400.

Minimum Lot Investment (Retail) 

1 Lot

Maximum Lot Investment (Retail) 

1 Lot

HNI (Min)

2 Lots

 

Pranik Logistics IPO Reservation (% of Net Issue)

Institutional’s Portion

50%

Retail’s Portion

35%

Non-Institutional’s Portion

15%

 

Promoters And Management of Pranik Logistics Ltd.

  • Mr. Pranav Kumar Sonthalia.

  • Ms. Shradha Kumari.

  • Ms. Minal Sonthalia.

Pre-Issue Promoter Shareholding

99.99%

Post-Issue Promoter Shareholding

73.49%

IPO Lead Managers

  • Narnolia Financial Services Ltd.

Dividend Policy

The company has not paid dividends in any year.

Conclusion

The company provides end-to-end logistics services for the whole of India. Its primary role is that of a forwarding and carrying agent. The company’s top lines demonstrated steady growth across the reported years, but a significant increase in pre-IPO periods beginning in FY24 raises concerns about the sustainability of the company given that it operates in a highly competitive and fragmented market.

As of the date this article was written, Pranik IPO's listing price on the grey market indicated a gain or loss of 0%. I hope the information you were looking for was provided by this blog.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

Disclaimer: 

The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.  

Click Here to stay updated with the Upcoming IPOs.

 

Want to start Your Journey in stock market trading and investment? Join our Stock Market Class to become a beginner to expert trader! We cover everything from the basics of trading to advanced strategies for picking stocks. Plus, we're offering a special discount for women and students. Don't miss out - enroll now and kickstart your path to success in the stock market!Open a world of Stock Market by Opening a Demat Account with your favorite Broking firm & Get a trading Strategy worth Rs.15,000!

Click here to open a Free Demat Account.

Thank You for reading this blog.Hope you loved the IPO analysis.Please Comment Below with your feedback because Your feedback motivates us to deliver more such content.

Follow MUKUL AGRAWAL for the latest IPO news and reviews. You can connect with us on social media platforms like TwitterFacebook, and Instagram. You can also subscribe to our YouTube Channel for the latest videos of the stock.



Frequently Asked Questions

+

 The IPO's total issue size is 2,918,400 Shares (Rs.22.47 Cr).

+

The IPO allotment date is October 15, 2024.

+

October 17, 2024



Liked What You Just Read? Share this Post:




Viewer's Thoughts

Any Question or Suggestion

Post your Thoughts


SME IPO

Related Blogs

Rosmerta Digital Services Limited IPO

SME IPO | 12-11- 2024

Rosmerta Digital Services IPO ...

Check Rosmerta Digital Services IPO date, price. Explore the IPO allotment, GMP, company financials etc....

Continue Reading
Mangal Compusolution IPO

SME IPO | 09-11- 2024

Mangal Compusolution IPO, Pric...

Mangal Compusolution IPO price is Rs.45. Check Mangal Compusolution IPO Review, date, GMP, allotment status, Key Details...

Continue Reading
onyx biotec pvt ltd

SME IPO | 09-11- 2024

Onyx Biotec IPO, Price, date, ...

Onyx Biotec IPO price is Rs.61. Check Onyx IPO date, GMP, allotment status, grey market premium, lot size, registrar,Key...

Continue Reading
Neelam Linens and Garments (India) Ltd IPO

SME IPO | 04-11- 2024

Neelam Linens and Garments IPO...

Get Neelam Linens and Garments IPO price and date. Know IPO GMP today, allotment status, review, company financials, own...

Continue Reading
Usha Financial Services

SME IPO | 22-10- 2024

Usha Financial Services IPO: R...

Analyze Usha Financial Services IPO from 21 to 23 Oct 2024. IPO has been explained about growth potential key objectives...

Continue Reading
OBSC Perfection Limited IPO

SME IPO | 21-10- 2024

OBSC Perfection Limited IPO: R...

Get insights into the OBSC Perfection Limited IPO. Key dates: Opens Oct 22, closes Oct 24, 2024. Learn about its objecti...

Continue Reading
to Learn Important Strategy worth Rs.15000
Subscribe on
YouTube
Follow us on
Instagram
Follow Us on
Twitter
Like Us on
Facebook