The Pranik Logistics IPO opened for subscription on October 10, 2024, with a price band between ₹73 and ₹77 per share. The IPO aims to raise approximately ₹22.47 crores and garnered a subscription of 1.24 times by the first day, reflecting moderate investor interest. As of now, the Pranik Logistics IPO GMP (Grey Market Premium) is reported at zero, suggesting no expected listing gains. The allotment date is scheduled for October 15, 2024, with shares expected to list on the NSE SME on October 17, 2024. If you want to learn how to analyze IPOs like this or even better, GRM IIT can teach you. Visit our website or contact us for more information.
What is Pranik Logistics Ltd.?
Pranik Logistics Ltd. is an integrated logistics company, established in 2015. It provides a range of logistics services like transportation, warehousing, material handling, and freight forwarding. They cater to various industries including retail, pharmaceuticals, and more.
The Pranik Logistics IPO review highlights that while this company operates in a sector with growing demand, not every IPO from such companies promises success. It’s important to assess this offering thoroughly.
Pranik Logistics IPO Key Details
- Price Band: ₹73 to ₹77 per share
- Issue Size: ₹22.47 crores
- Lot Size: Minimum bid of 1,600 shares (around ₹123,200 investment)
- Opening Date: October 10, 2024
- Closing Date: October 14, 2024
- Allotment Date: October 15, 2024
- Listing Date: October 17, 2024, on NSE SME
This section helps you understand the essential details of the Pranik Logistics IPO review. The zero Pranik Logistics IPO GMP reflects that no listing gains are expected, which might influence investors’ decisions on whether to apply.
Pranik Logistics IPO Subscription Status and Sentiment
As of the first day:
- Overall Subscription: 1.24 times
- Retail Individual Investors (RIIs): 2.34 times
- Non-Institutional Investors (NIIs): 0.35 times
The Pranik Logistics IPO subscription status shows stronger interest from retail investors, who subscribed over twice the amount available to them, compared to institutional investors. The low subscription from NIIs indicates some caution among larger investors. This affects the overall perception of whether the Pranik Logistics IPO is good or bad for short-term gains.
Pranik Logistics IPO GMP & Expected Listing Price
The Pranik Logistics IPO GMP (Grey Market Premium) is currently zero, meaning unlisted shares are trading at the issue price of ₹77. As a result, the Pranik Logistics IPO expected listing price is likely to be around ₹77, although broader market conditions could influence this.
Why Zero GMP is Important?
A zero GMP signals that no major price increase is expected when shares list. For investors seeking quick profits, this could be a red flag. The Pranik Logistics IPO grey market premium suggests little optimism for listing day performance, making it a less attractive option for those focused on short-term gains.
Should You Apply for Pranik Logistics IPO?
The Pranik Logistics IPO review reveals a mixed opportunity:
- For Long-Term Investors: Pranik Logistics operates in a growing logistics sector, which could make it a valuable long-term investment.
- For Short-Term Investors: The Pranik Logistics IPO GMP being zero implies no significant listing gains, so it might not be suitable for those looking for quick profits.
Wondering whether the Pranik Logistics IPO is good or bad? Consider your investment goals and the company’s potential. While the Pranik Logistics share price could grow over time, it may not offer immediate returns.
How to Apply for Pranik Logistics IPO?
To apply for the Pranik Logistics IPO, you need a Demat account. If you don’t have one, GRM Bulls can assist you in opening a Demat account for smooth trading.
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