About the Company:
Pranik Logistics Ltd is engaged as carrying and forwarding agent providing end-to-end Logistics solutions i.e. from the point of origin to the point of consumption, in order to meet the needs of our customers and corporations.
Company is a pan India logistics provider, acting as carrying and forwarding agent and providing integrated services including transportation, warehousing, material handling and freight forwarding to our customers belonging to various industries such as Retail, Customer Durables, Telecom, Manufacturing, Pharma, etc.
Since Company’s establishment in 2015, we have over the period expanded the ambit of our services. Company offers customized services as per the requirements of our customers. We have a dedicated team of employees and agents, who manage the entire supply chain effectively and efficiently.
Company manages a fleet of commercial vehicles, comprising more than 80 vehicles that we own, and any further requirement is managed through leasing the vehicles on trip-to-trip basis.
Company’s fleet encompasses various types of trucks categorized by design, size, and capacity. Company’s Container Trucks are utilized for parcel transportation, while Platform Trucks handle heavy-duty goods like automotive parts and machinery.
Company operates a total of 30 warehouses, which are directly managed by the company.
Services Provided by the Company:
Company’s core offerings include acting as Carrying & Forwarding Agents to clients. Company’s service includes receiving goods from client locations/ warehouses/ railway sidings, etc., unloading and inspecting them and transporting those goods to our warehouses.
Thereafter, we store these goods in our warehouses, addressing all potential challenges. Subsequently, we ensure timely dispatch of the goods to their designated destinations as per our clients’ requirements.
In essence, company manages the entire process of receiving, storing, and delivering goods, offering comprehensive logistics support tailored to meet our clients’ needs. Company acting as carrying and forwarding agents provides warehousing and transportation services to our clients.
Warehousing Solutions:
Company’s warehousing solutions includes inventory control, order management, and storage management services. Company manage warehouse spaces at multiple locations across the country. Moreover, we optimize the operations of our clients’ existing warehouses to enhance efficiency and effectiveness.
Company’s warehouses are located PAN India with a strong presence in west like West Bengal, Bihar, Jharkhand, Gujarat, Cuttak, etc.
Transportation Solutions:
Company provides First phase, Second phase, Last phase & Reverse Logistics services under our transportation solutions. Company cater to transportation requirement across the country.
Additionally, Company provides transportation management services designed to optimize and streamline operational processes. This includes strategic functionalities such as route planning, load optimization, carrier selection, shipment tracking, and performance analysis.
Company’s Customers:
| Swiggy Instamart Ltd. | Reliance Jio Infocom Ltd. | Tata Steel Ltd. | ACC Ltd. |
| Reliance Digital. | Big Basket. | Reliance Trends. | Max Fashions. |
| Zomato. | More Supermarkets. | VIP Industries Ltd. | Zepto. |
Company’s Fleet Strength:
Management Team:
- Mr. Pranav Kumar Sonthalia (Designation: Managing Director)
- Mrs. Minal Sonthalia (Designation: Director)
Objectives of the Issue:
Fresh Issue: (Rs.22.47 cr)
- To meet out the expenses for Investment in technology.
- To meet out the Capital Expenditure Requirement of Company.
- To meet out the Working Capital requirements of the Company.
- To meet out the General Corporate Purposes.
- To meet out the Issue Expenses.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Investment in Technology/ERP | 0.80 cr |
| Capital Expenditure | 2.2 cr |
| Working Capital Requirement | 12 cr |
Financials of the Company:
| (in Crores) | FY 22 | FY 23 | FY 24 | Upto 30th June 24 |
|---|---|---|---|---|
| Revenue | 33.60 | 60.90 | 67.70 | 22.48 |
| Net Profit | 0.31 | 0.93 | 4.06 | 1.08 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Pranik Logistics Ltd | 10 | 7.54 | 10.21 | 35.56% | 21.19 |
| SJ Logistics (India) Ltd | 10 | 20.03 | 29.28 | 20.18% | 77.36 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 10th October 2024 |
| Issue Closes on | 14th October 2024 |
| Issue Price | Rs.73-77 |
| Face Value | Rs.10 |
| Minimum Lot | 1600 Shares |
| Minimum Investment | Rs.1,23,200 |
| Issue Constitutes | 26.50 % |
| Issue Size | Rs.22.47 cr |
| Market Cap | Rs.84.77 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 29,18,400 (Fresh) |
| Equity Shares Prior to the Issue | 80,91,750 |
| Equity Shares after the Issue | 1,10,10,150 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt Equity Ratio (D/E) |
|---|---|---|---|---|
| 7.54 | 10.21 | 35.56% | 21.19 | 1.56 |
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| Should You Subscribe or Not ? (Markets Guruji’s View) |
|---|
| Pranik Logistics Ltd, established in 2015, is a pan-India logistics provider offering comprehensive end-to-end logistics solutions. Acting as a carrying and forwarding agent, the company provides integrated services including transportation, warehousing, material handling, and freight forwarding to clients across various industries such as Retail, Consumer Durables, Telecom, Manufacturing, Pharma, and more.
Some of Pranik Logistics’ notable clients include VIP Industries Ltd., Zepto, Moglix, More Supermarkets, Zomato, Max Fashions, Reliance Trends, Big Basket, ACC Ltd., Tata Steel Ltd., and Reliance Jio Infocom Ltd., among others. Pranik Logistics owns a fleet of over 80 vehicles, including container trucks for parcel transportation and platform trucks for handling heavy-duty goods like automotive parts and machinery. The company also leases additional vehicles on a trip-to-trip basis as needed. In addition to its transportation services, Pranik operates 30 warehouses across India, managing the entire supply chain effectively. The company is committed to providing customized solutions and expanding its services to meet the evolving needs of its clients. |
Important Dates:
| Finalization of Basis of Allotment | on or Before 15th October 2024 |
| Initiation of Refunds | on or Before 16th October 2024 |
| Credit of Equity Shares: | on or Before 16th October 2024 |
| Listing Date: | on or Before 17th October 2024 |
| Company Contact Info: |
|---|
| Pranik Logistics Ltd P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata, West Bengal – 700091 Telephone: +91 7667852418 Email: ayon@pranikgroup.com Website: https://pranikgroup.com |
| Registrar to the Issue: |
|---|
| MAASHITLA SECURITIES PRIVATE LIMITED Address: 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi – 110034, India Telephone: 011-45121795 Email: ipo@maashitla.com Website: www.maashitla.com |
