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Pranik Logistics IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Kolkata and caters to Logistics sector. Narnolia Financial Services is the merchant banker of Pranik Logistics IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 15th June 2024.
Pranik Logistics IPO open date is 10th October 2024 and close date is 14th October 2024. IPO Allotment Date is 15th October 2024 and Listing date is 17th October 2024.Pranik Logistics IPO size is Rs 22.47 Cr. crores with IPO price of Rs 77.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Narnolia Financial Services Limited is the book-running lead manager of the Pranik Logistics IPO. Maashitla Securities Private Limited is the Registrar and Market Maker is Prabhat Financial Services Limited for Pranik Logistics IPO.
Pranik Logistics IPO anchor investors are the below investors. The number of anchor investors in this IPO is 4.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Saint Capital Fund | 300,800.00 | ₹77.00 | ₹23,161,600.00 |
| Pine OAK Global | 257,600.00 | ₹77.00 | ₹19,835,200.00 |
| Kingsman Wealth Fund | 131,200.00 | ₹77.00 | ₹10,102,400.00 |
| Craft Emerging Market | 131,200.00 | ₹77.00 | ₹10,102,400.00 |
Pranik Logistics IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Pranik Logistics IPO, based in Kolkata, operates in the Logistics sector with a focus on operating as a freight forwarder and transporter. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Pranik Logistics IPO size is ₹ 22.47 Cr. Crores with fresh issue size of Rs 22.47 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Pranik Logistics IPO is expected to be 15th October 2024, after the finalization of basis of allotment. Investors can check Pranik Logistics IPO allotment status on the registrars website, Maashitla Securities Private Limited. Pranik Logistics IPO refund dates are 16th October 2024.
Pranik Logistics IPO is expected to be listed on 17th October 2024.
The upper price band for the Pranik Logistics IPO is set at ₹ 77.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Pranik Logistics IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Pranik Logistics IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 14th October 2024. After submission, funds are blocked until the basis of allotment of Pranik Logistics IPO is finalised.
The merchant banker for Pranik Logistics IPO is Narnolia Financial Services Limited . Narnolia Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Pranik Logistics IPO RHP for further details.
The registrar for Pranik Logistics IPO is Maashitla Securities Private Limited. Investors can go to Maashitla Securities Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Pranik Logistics IPO through their official website or helpline.
Pranik Logistics IPO was subscribed 218.02 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 22.47 Cr.
Avg IPO Size (Sector Based)
:
₹ 25.40 Cr.
Sector: Logistics
SME IPO so far:
49
Merchant Banker:
Narnolia Financial
SME IPO by BRLM so far:
47
City:
Kolkata
SME IPO so far:
69
Revenue (annualised):
₹ 0.88 cr.
PE
Ratio:
19.46x
Average Sector PE Ratio: 15.61x
Pranik Logistics IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Pranik Logistics Financial Review Page
Merchant Banker(s) of Pranik Logistics IPO: Narnolia Financial Services Limited
Pranik Logistics IPO subscription was 218.02 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Pranik Logistics IPO listed at a listing price of 82.95 against the offer price of 77.00.
The current market price of Pranik Logistics is 75.80.
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