Pranik Logistics ipo
listed
₹1.17LMin. investment
Pranik Logistics ipo IPO Details
Issue size
₹22.47Cr
IPO type
SME
Price range
₹73.00 – ₹77.00
Listing date
17 Oct 2024
Lot size
1600 shares
Price range₹73.00 – ₹77.00
IPO type
SME
Lot size1600 shares
Issue size₹22.47Cr
Pranik Logistics ipo Timeline
- Bid start10 Oct 2024
- Bid end14 Oct 2024
- Allotment12 Oct 2024
- Release of funds16 Oct 2024
- Demat transfer15 Oct 2024
- Listing17 Oct 2024
About Pranik Logistics ipo
Founded in 2015, Pranik Logistics Limited has established itself as a leading carrying and forwarding agent in India, offering comprehensive end-to-end logistics solutions tailored to meet the diverse needs of customers across various industries. They have grown their services significantly, ensuring that they support businesses in sectors such as retail, consumer durables, telecom, manufacturing, and pharmaceuticals. Their commitment to providing integrated services—ranging from transportation and warehousing to material handling and freight forwarding—enables them to efficiently connect the point of origin to the point of consumption.
Their extensive operations cover the entirety of India, with a dedicated team of professionals and agents who manage the supply chain with expertise and precision. They proudly operate a fleet of over 80 commercial vehicles, including container trucks for parcel transport and platform trucks for heavier loads. This diverse vehicle lineup allows them to cater to a wide array of consignments, ensuring that they can meet the specific transportation needs of their clients. Additionally, they effectively manage any additional vehicle requirements through leasing arrangements on a trip-to-trip basis, providing flexibility and scalability in their operations.
In line with their growth strategy, they currently operate 30 warehouses, all directly managed by the company. These facilities enable them to streamline inventory management and ensure quick turnaround times for their clients. Leveraging advanced technological systems provided by their clients, they continuously enhance their service quality and operational efficiency. Their robust accounting systems also allow for stringent financial controls, ensuring transparency and reliability in all their transactions.
To further reinforce their commitment to quality and safety, they have obtained FSSAI certification for the delivery of perishable goods, currently operational in West Bengal. This certification reflects their dedication to adopting global standards that enhance customer trust and satisfaction. As they look towards the future, they aim to expand their service offerings and geographical reach, driven by their belief that exceptional logistics services are key to supporting the growth and success of clients.
Pranik Logistics Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives
- To meet out the expenses for Investment in technology.
- To meet out the Capital Expenditure Requirement of Company.
- To meet out the Working Capital requirements of the Company.
- To meet out the General Corporate Purposes.
- To meet out the Issue Expenses.
Pranik Logistics ipo Contact Details
Company NamePranik Logistics ipo
How to apply for Pranik Logistics ipo?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Pranik Logistics IPO FAQs
How to invest in the Pranik Logistics ipo ?
Investors can apply for the Pranik Logistics ipo through their Demat account via the stock exchange or through their broker.
What is the issue size of Pranik Logistics ipo ?
The issue size of the Pranik Logistics ipo is 22.47 Cr.
What is 'pre-apply' for Pranik Logistics ipo ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Pranik Logistics ipo shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
What are the open and close dates of the Pranik Logistics ipo ?
Pranik Logistics ipo will be open between 2024-10-10 and 2024-10-14.
What is the allotment date for the Pranik Logistics ipo ?
Pranik Logistics ipo allotment date is 2024-10-15. For Pranik Logistics ipo allotment status check, you can visit the website of the registrar of the IPO.
Who is the registrar of Pranik Logistics ipo ?
For Pranik Logistics ipo, the IPO registrar is Maashitla Securities Private Limited. You can check Pranik Logistics ipo allotment status on the website of the registrar.
Where is the Pranik Logistics ipo getting listed?
The shares are proposed to be listed on the BSE and NSE.
When will Pranik Logistics ipo shares be credited to your demat account?
The Pranik Logistics ipo shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
What is the lot size and minimum order quantity of the Pranik Logistics ipo ?
The Pranik Logistics ipo lot size is 1600 and minimum order quantity is 1600.
What is the price band for the Pranik Logistics ipo ?
Pranik Logistics ipo has set the price band for its IPO at 77 per equity share with a face value of 10.