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)

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Geography-wise Revenue Breakdown  

(Amount in lac)

 

 

 

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.

 

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.

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.

 

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.

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.

 

Pranik Logistics IPO Reservation (% of Net Issue)

 

Promoters And Management of Pranik Logistics Ltd.

• Mr. Pranav Kumar Sonthalia.

• Ms. Shradha Kumari.

• Ms. Minal Sonthalia.

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.  

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