Pranik Logistics Limited’s IPO Details

 

Face Value: ₹10 per share
Price Band: ₹73 to ₹77 per share 

Lot Size: 1600 shares 

Fresh Issue: 2,918,400 shares

Listing Date: October 17, 2024

 

About the company

 

Pranik Logistics, established in 2015, provides comprehensive third-person logistics solutions with strong infrastructure support, serving the Indian clearing and forwarding market. Originally established in Ranchi, Pranik Logistics has grown into a prominent business group with a national footprint. The company's rapid growth has positioned it alongside the most respected logistics companies in Eastern India,  serving the states of Jharkhand, Bihar, Orissa, Assam, West Bengal, and Chhattisgarh. The company owns a group of 86 commercial vehicles and directly manages 30 warehouses. 

 

The company has established partnerships with over 500 transporters and courier companies to ensure exceptional customer service. Its fleet of 140+ GPS-enabled vehicles guarantees timely deliveries to all customers. A centralized vehicle movement control room monitors and manages transportation operations to meet service-level agreements. The company employs over 500 highly skilled and 2000 unskilled/semi-skilled personnel across Eastern India to effectively handle the urgent business needs of its clients. 

 

The company’s promoters are Mr. Pranav Kumar Sonthalia, Ms. Shradha Kumari, and Mrs. Minal Sonthalia.

 

The company’s net worth has significantly increased from ₹363.96 lakhs in FY22 to ₹1,252.09 lakhs as of June 30, 2024, representing a growth of approximately 244% during this period. For FY24 the company’s revenue increased by 11% and Profit After Tax(PAT) rose by 336%.

 

Conclusion

 

The Pranik Logistics IPO presents a compelling opportunity for investors seeking exposure to India’s booming logistics sector. With its extensive service offerings, experienced management team, and strong financial foundation, Pranik Logistics is well-positioned for continued growth. As the company expands its operations and strengthens its market position, investors can expect to reap substantial rewards from their investment, as Pranik Logistics's success story unfolds.

 

Check out the IPOs Performance in 2024 So Far and know the process of IPO in India. Your willingness to invest must consider How to Apply for an IPO. Also, watch why you should invest in an IPO. 

 

Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Please consult an expert before making any related decisions.