Pranik Logistics Limited -SME – Globe Capital Market LTD.
Pranik Logistics Limited -SME
Closed
Price Band
₹73 to ₹77 per share
IPO Issue Period
October 10, 2024 to October 14, 2024
Issue Size
₹22.47 Cr
Face value
₹10 per share
Fresh issue
₹22.47 Cr
Offer for sale
NIL
Minimum Shares for Retail
1600 Shares
Listing on
NSE SME
Issue Type
Book Built Issue IPO
Registrar to the Issue
Maashitla Securities Private Limited
Tentative Listing Date
Thursday, October 17, 2024
QIB
50%
NII
15%
Retail
35%

Pranik Logistics, established in 2015, is a company that offers complete logistics services, including transport, storage, and material handling. It caters to various sectors like retail, pharma, and telecom throughout India. Operating with an asset-light approach, it controls a fleet of over 80 vehicles, supplementing with leased vehicles as needed. Its tailor services to client requirements and prioritizing efficiency via technology-driven solutions. It offers its services to several states, notably West Bengal, Bihar, and Gujarat.

For year/ period ended (Rs. in lacs.)

H1FY24 FY23 FY22
Total Revenue 66.84 60.53 33.47
Profit After Tax 4.07 0.93 0.32
EPS 7.54 1.73 1.21
OPM (%) 13% 5% 2%
PATM (%) 6% 2% 1%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23

 

 

  • Experienced and Qualified Management Team.
  • Asset-Light Business Model.
  • Quality Assurance and Standards

 

  • To meet Working Capital Requirement
  • General corporate purposes.
  • To handle issue-related expenses.
  • To invest in technology

 

The company operates in a highly competitive and fragmented market. At the upper Price cap, the company is expected to list at PE of 20.85. So we maintain a neutral stance on subscription.

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