The Pranik Logistics IPO, opening from October 10 to October 14, 2024, is a book-built issue worth ₹22.47 crores. The IPO consists entirely of fresh issues, with a price band set at ₹73-₹77 per share, and the company plans to list on the NSE SME on October 17, 2024. Here’s a breakdown of key details:
IPO Structure & Financials
– IPO Size: 29.18 lakh shares (2,918,400 shares), aggregating to ₹22.47 crores.
– Lot Size: Minimum application of 1600 shares (₹123,200), with HNI investment starting at 3200 shares (₹246,400).
– Promoter Shareholding: Pre-issue holding of 99.99%, expected to reduce to 73.49% post-issue.
– Financials:
– Revenue growth of 11% and PAT rise of 336% (FY 2024 vs. FY 2023).
– Key KPIs: ROE: 8.7%, ROCE: 11.79%, Debt/Equity: 1.57, PAT Margin: 4.88%.
Company Overview
Founded in 2015, Pranik Logistics Limited offers integrated logistics services, including transportation, warehousing, and freight forwarding. The company serves various sectors such as retail, telecom, manufacturing, and pharma, with a fleet of 86 vehicles and 30 directly managed warehouses.
Competitive Strengths
– Experienced management and long-standing customer relationships.
– Asset-light business model ensuring flexibility and lower operational costs.
– “IPO Intentioned” Strong financial growth with improving profitability but it is looking “priced”, somewhat they have tried to prepare finances for their IPO perspective, so a little caution is needed if the price cannot sustained at a Listing price. Post listing updates will be given in our Telegram Community, please follow here https://t.me/SMTStockMarketToday
Investment Outlook
According to VLA Ambala’s analysis, this IPO can be considered for long-term investment. For those targeting listing gains, selling up to 70% of holdings during listing is recommended, while keeping the remaining shares for a five-year horizon. The IPO appears fully priced based on FY25’s annualized earnings, and the company operates in a highly competitive and fragmented industry.
Disclaimer: V.L.A. Ambala emphasizes that these recommendations are based on price movement, past behavior, and technical analysis. Stay cautious and monitor key levels and upcoming budget announcements to adjust your strategies accordingly. Join SMT EQUITY Services here – https://cosmofeed.com/vig/64a2b98a2eaff10021550a62Join SMT INDEX OPTION BUYING SERVICES here – https://cosmofeed.com/vig/6380ef829c9fa70036a1c6cdMore about the author: Vijay Laxmi, aka VLA Ambala, is a SEBI registered Research Analyst, and her research and views are published on various media platforms. Check here – https://smtstockmarkettoday.com/pr-and-media/Follow VLA Ambala, SEBI RA, on Telegram here – https://t.me/SMTStockMarketTodayThis analysis and recommendations are provided by SEBI registered research analyst VLA Ambala.