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Flat Debut: Pranik Logistics IPO Lists at ₹79 with 2.5% Premium on NSE SME

IPO Price

October 17, 2024

New Delhi, India

NSE SME IPO

Pranik Logistics made a subdued debut on the NSE SME on October 17, listing at ₹79, a modest 2.5% premium over its IPO price of ₹77. Despite the high demand during the subscription period, the shares started flat on the exchange.

Key Highlights:

  • Issue Price: ₹77 per share.
  • Listing Price: ₹79 (2.5% premium).
  • IPO Size: ₹22.47 crore.
  • Subscription: The IPO was oversubscribed by 218.02 times, with high demand from non-institutional investors (NII) at 744.05 times.
  • Purpose: The funds will be used for technology investments, capital expenditure, and working capital requirements.

Company Overview:
Founded in 2015, Pranik Logistics provides integrated logistics services across India. The company operates 86 commercial vehicles and manages 30 warehouses, serving industries like retail, telecom, and manufacturing.

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