October 15, 2024
New Delhi, India
NSE SME IPO
Pranik Logistics’ Initial Public Offering (IPO) allotment status is expected to be finalized today, October 15, after the successful subscription period from October 10 to 14. The IPO, which saw robust investor demand, was oversubscribed by 218.1 times on the final day of bidding, with non-institutional investors (NII) oversubscribing by 744.44 times, retail investors by 97.21 times, and Qualified Institutional Buyers (QIBs) by 35.67 times.
Key Dates and Allotment Process
- Refunds for unsuccessful bidders: October 16, 2024
- Shares credited to successful bidders: October 16, 2024
- Listing date on NSE SME platform: October 17, 2024
Steps to Check Pranik Logistics IPO Allotment Status
On NSE Website:
- Visit the NSE IPO allotment page: NSE Allotment Status.
- Log in using your credentials (or create an account).
- Select “Pranik Logistics” from the drop-down menu.
- Enter your PAN number or IPO application number.
- Click “Submit” to view the allotment status.
On Maashitla Securities Website:
- Visit the Maashitla Securities portal: Maashitla Securities Allotment Status.
- Select “Pranik Logistics” from the drop-down menu.
- Enter your PAN, Application Number, or Demat Account Number.
- Click “Submit” to check your allotment status.
IPO Details and Objective
Pranik Logistics aims to raise ₹22.47 crore through the IPO, offering a fresh issue of 29.18 lakh shares. The price band was set between ₹73 and ₹77 per share, with a minimum investment of ₹1,23,200 for retail investors (1,600 shares per lot).
The company plans to use the funds for:
- Investment in technology.
- Capital expenditure requirements.
- Working capital needs.
- General corporate purposes and IPO-related expenses.
About Pranik Logistics
Pranik Logistics, established in 2015, is a logistics services provider operating across multiple industries including automotive, engineering, construction, and retail. The company offers integrated supply chain solutions such as transportation, warehousing, and freight forwarding. Pranik manages a fleet of over 80 commercial vehicles and leases additional trucks to meet specific client demands.
The company’s shares are set to be listed on the NSE SME platform on October 17, 2024, following the finalization of allotment and refund processes.
Disclaimer:
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