Pranik Logistics Limited IPO opens for subscription on October 10, 2024, and closes on October 14, 2024. The allotment for the Pranik Logistics IPO is expected to be finalized on Tuesday, October 15, 2024. Pranik Logistics IPO will be listed on NSE SME with a tentative date of Thursday, October 17, 2024.

Pranik Logistics IPO price band is set at ₹73 to ₹77 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹123,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹246,400.

Pranik Logistics IPO is a book built issue of Rs 22.47 crores. The issue is entirely a fresh issue of 29.18 lakh shares.

Pranik Logistics IPO Details

Pranik Logistics IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Pranik Logistics IPO Objectives

The Company proposes to utilize the funds being raised to fund the following objectives:

1. To meet the expenses for Investment in technology;
2. To meet the Capital Expenditure Requirement of the Company;
3. To meet the Working Capital requirements of the Company;
4. To meet out the General Corporate Purposes; and
5. To meet out the Issue Expenses.

About Pranik Logistics Limited

Founded in 2015, Pranik Logistics Limited is a prominent integrated logistics provider across India. Specializing in transportation, warehousing, material handling, and freight forwarding, the company serves diverse industries including retail, consumer durables, telecom, manufacturing, and pharmaceuticals. With a fleet of 86 commercial vehicles and 30 company-managed warehouses, Pranik Logistics combines an asset-light business model with a commitment to quality and customer service. The experienced management team has fostered long-standing relationships with clients, while the company employs 625 permanent staff as of September 30, 2024, positioning itself for continued growth and success in the logistics sector.

Pranik Logistics Limited Financial Information 

Pranik Logistics IPO Reservation

Pranik Logistics IPO Timeline

Pranik Logistics IPO opens on October 10, 2024, and closes on October 14, 2024.