Pranik Logistics Limited IPO
Pranik Logistics Limited IPO
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Pranik Logistics Limited's completed its IPO journey with a successful listing on NSE on 17-10-2024. The public offering mobilized 29,18,400 Shares in total capital, comprising 29,18,400 Shares in fresh equity.
The offering was conducted within the price band of ₹73 to ₹77, with minimum application lots of 1600 shares. Investor participation during the 10-10-2024 to 14-10-2024 subscription window determined the final allocation pattern.
The basis of allotment was announced on 15-10-2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Pranik Logistics IPO About Company
Pranik Logistics Limited, established in 2015, is a nationwide logistics service provider in India. They specialize in freight forwarding and transportation, offering services like warehousing, material handling, and cargo movement. Serving industries such as retail, telecom, manufacturing, and pharmaceuticals, the company follows an asset-light model. They own a fleet of 86 commercial vehicles, available for lease if needed, and manage 30 warehouses across the country. As of September 30, 2024, Pranik Logistics had a dedicated team of 625 permanent employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Pranik Logistics IPO Strength Factors
- Fast and Safe Deliveries: With 86 vehicles and 30 warehouses, we ensure quick and secure shipping for various industries.
- Experienced Team: Our skilled managers and 625 dedicated employees work hard to keep things running smoothly and keep customers happy.
- Trusted by Clients: We’ve built strong, lasting relationships with businesses across different sectors by providing dependable service.
Pranik Logistics IPO Risk Factors
- Leased Property Dependence: The company operates from rented spaces instead of owning them. If leases are not renewed or rental terms become unfavorable, it could create challenges for the business.
- Key Team Dependence: The company relies on its Directors and key team members for expertise. Losing any of them could impact business operations and growth.
- Legal Issues: There are ongoing legal cases against the company's Promoters. If the outcomes are not in their favor, it could affect the company's finances and stability.
Pranik Logistics IPO Lead Manager(s)
- Narnolia Financial Services Limited
Pranik Logistics IPO Promoter(s)
- Mr. Pranav Kumar Sonthalia
- Ms. Shradha Kumari
- Ms. Minal Sonthalia
Pranik Logistics IPO FAQs
Pranik Logistics Limited IPO subscribed 218.1 times. The public issue subscribed 97.21 times in the retail category,35.67times in QIB, and -- times in the HNI (10+) category byNovember 19, 2025 9:15:56 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Pranik Logistics IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Pranik Logistics IPO FAQs
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