Pranik Logistics IPO Opens Today: Key Details and Offer Information

The initial public offering of Pranik Logistics Ltd is officially open for subscription today, October 10. This Rs 22.47 cr book-building issue consists entirely of a fresh issuance of 2.918 million shares with the bidding window remaining open until October 14. The price band for the IPO has been set between Rs 73 and Rs 77 per share, with a face value of Rs 10 each. Retail investors can apply for a minimum lot size of 1,600 shares, requiring a minimum investment of Rs 1,23,000 at the upper price band. Here are the key details for potential investors: IPO Timeline: Share allotment status is expected to be finalized on October 15, with refunds for non-allottees initiated on October 16. Successful bidders will see shares credited to their Demat accounts on the same day. Listing Date: Pranik Logistics Ltd. shares are scheduled to be listed on the NSE SME platform, Emerge, on October 17. The promoters—Pranav Kumar Sonthalia, Shradha Kumari, and Minal Sonthalia—collectively hold over 99% of the company. Narnolia Financial Services Ltd. is the book-running lead manager, while Maashitla Securities Private Ltd. acts as the registrar for the issue. Prabhat