Pranik Logistics IPO

Pranik Logistics IPO offers 29,18,400 shares worth ₹22.47 Cr to invest in technology, fund capital expenditure, working capital, and for general corporate purposes.

Important Details

Open Date : October 10, 2024 Close Date : October 14, 2024 Allotment Date: October 15, 2024 Listing Date: October 17, 2024

Important Details

IPO Price: INR 73-77 per share Lot Size: 1600 Shares Total Issue Size: INR 22.47 crores

Fundamental Analysis

Pranik Logistics IPO shows mixed performance: 1. Steady revenue and profit growth, Controlled expenses. 2. Improving debt-equity ratio, Attractive RONW. 3. Strong EPS growth, Stable financials.

Peer Comparison

1. Pranik Logistics: PAT ₹406.56 lakhs, EPS ₹7.54, RoNW 35.56% 2. SJ Logistics: PAT ₹2,261.23 lakhs, EPS ₹20.03, RoNW 20.18% 3. Pranik has higher RoNW, but SJ Logistics leads in profit and EPS.

Objective

Pranik Logistics IPO Objective: 1. ₹8 crores for technology/ERP. 2. ₹2.2 crores for warehouse setup. 3. ₹12 crores for working capital. 4. Remaining funds for marketing, business development, and operations.

Risks And Challenges

Pranik Logistics IPO Risks: 1. Reliance on two key customers is risky. 2. Negative cash flows may limit growth. 3. Strong presence in West Bengal makes it vulnerable to regional risks, political changes, and competition.