Pranik Logistics ipo

About the company

## **About  Pranik Logistics ipo** Founded in 2015, Pranik Logistics Limited has established itself as a leading carrying and forwarding agent in India, offering comprehensive end-to-end logistics solutions tailored to meet the diverse needs of customers across various industries. They have grown their services significantly, ensuring that they support businesses in sectors such as retail, consumer durables, telecom, manufacturing, and pharmaceuticals. Their commitment to providing integrated services—ranging from transportation and warehousing to material handling and freight forwarding—enables them to efficiently connect the point of origin to the point of consumption. Their extensive operations cover the entirety of India, with a dedicated team of professionals and agents who manage the supply chain with expertise and precision. They proudly operate a fleet of over 80 commercial vehicles, including container trucks for parcel transport and platform trucks for heavier loads. This diverse vehicle lineup allows them to cater to a wide array of consignments, ensuring that they can meet the specific transportation needs of their clients. Additionally, they effectively manage any additional vehicle requirements through leasing arrangements on a trip-to-trip basis, providing flexibility and scalability in their operations. In line with their growth strategy, they currently operate 30 warehouses, all directly managed by the company. These facilities enable them to streamline inventory management and ensure quick turnaround times for their clients. Leveraging advanced technological systems provided by their clients, they continuously enhance their service quality and operational efficiency. Their robust accounting systems also allow for stringent financial controls, ensuring transparency and reliability in all their transactions. To further reinforce their commitment to quality and safety, they have obtained FSSAI certification for the delivery of perishable goods, currently operational in West Bengal. This certification reflects their dedication to adopting global standards that enhance customer trust and satisfaction. As they look towards the future, they aim to expand their service offerings and geographical reach, driven by their belief that exceptional logistics services are key to supporting the growth and success of clients. Pranik Logistics Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives 1. To meet out the expenses for Investment in technology. 1. To meet out the Capital Expenditure Requirement of Company. 1. To meet out the Working Capital requirements of the Company. 1. To meet out the General Corporate Purposes. 1. To meet out the Issue Expenses.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   10 Oct 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   14 Oct 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   12 Oct 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   16 Oct 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   15 Oct 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   17 Oct 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.