Pranik Logistics Limited IPO

Pranik Logistics Limited was founded in 2015 and offers integrated logistics solutions.

The company is a PAN India logistics provider operating as a freight forwarder and transporter, providing integrated services such as transportation, warehousing, material handling, and freight forwarding to its clients in various industries such as retail, consumer durables, telecom, manufacturing, pharma, etc.

The company has its own fleet of 86 commercial vehicles, which can also be leased if required. In addition, the company has a total of 30 warehouses that are managed directly by the company.

Competitive strengths

  • Experienced and qualified management team
  • Long-standing customer relationships with its customers from various industries
  • Asset-light business model
  • Quality assurance and standards

As at September 30, 2024, the company had 625 permanent employees.

Pranik Logistics Limited Financial Information (Restated)

Pranik Logistics Limited’s revenue increased by 11% and profit after tax (PAT) rose by 336% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets3,842.753,568.32,352.731,404.48
Revenue2,248.896,770.086,090.623,360.96
Profit After Tax108.9406.5693.2331.54
Net Worth1,252.091,143.19736.63363.96
Reserves and Surplus442.91603.74197.18103.95
Total Borrowing1,961.831,783.951,382.09577.87
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Pranik Logistics IPO is Rs 84.78 Cr.

KPI as of June 30, 2024.

KPIValues
ROE8.70%
ROCE11.79%
Debt/Equity1.57
RoNW8.70%
P/BV3.63
PAT Margin (%)4.88
 Pre IPOPost IPO
EPS (Rs) 5.023.96
P/E (x) 15.3319.46
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.

Objects of the Issue (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 out the Capital Expenditure Requirement of the Company;
  3. To meet out the Working Capital requirements of the Company;
  4. To meet out the General Corporate Purposes; and
  5. To meet out the Issue Expenses.

Pranik Logistics IPO Details

IPO DateOctober 10, 2024 to October 14, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹73 to ₹77 per share
Lot Size1600 Shares
Total Issue Size2,918,400 shares
(aggregating up to ₹22.47 Cr)
Fresh Issue2,918,400 shares
(aggregating up to ₹22.47 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue8,091,750
Share holding post issue11,010,150
Market Maker portion161,600 shares

Pranik Logistics IPO Promoter Holding

Mr. Pranav Kumar Sonthalia, Ms. Shradha Kumari, and Ms. Minal Sonthalia are the promoters of the company.

Share Holding Pre Issue99.99%
Share Holding Post Issue73.49%

SHARIAH SCREENING for - Pranik Logistics Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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