Pranik Logistics IPO Allotment Status

Summary

Pranik Logistics IPO has received an exceptional response from investors, closing with an impressive subscription of 218.02 times by 14th October 2024 at 5:45:58 PM (Day 3). The public issue witnessed substantial demand across all investor categories. The Non-Institutional Investors (NII) category led the charge with an extraordinary subscription of 744.05 times. The Retail Investors segment showed strong interest, subscribing 97.21 times. The Qualified Institutional Buyers (QIB) portion demonstrated good engagement, subscribing 35.67 times. The Anchor Investors and Market Maker portions were fully subscribed. This exceptional response across all categories underscores the overwhelmingly positive market sentiment towards Pranik Logistics' offering and suggests highly optimistic investor expectations for the company's future performance.

How to Check Pranik Logistics IPO Allotment Status:

How to Check Pranik Logistics IPO Allotment Status on the Registrar's Site?

1. Visit the web portal of Maashitla Securities Private Limited (https://maashitla.com/allotment-status/public-issues)
2. From the dropdown menu, select Pranik Logistics IPO.
3. Choose one of the following modes: PAN ID, Demat Account number, or Application number
4. Enter the information relevant to the mode you have chosen.
5. For security purposes, fill out the captcha accurately.
6. Click "Submit."

How to Check Pranik Logistics IPO Allotment Status on NSE SME:

On the website of the National Stock Exchange (NSE) SME, investors who placed a bid for the Pranik Logistics IPO can monitor the allotment status:

1.Visit the NSE SME website (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)
2. Look for the IPO Allotment Status section
3. Select "Pranik Logistics Limited" from the dropdown menu under "Company Name."
4. Enter your application number and PAN ID.
5. Click on 'I am not a robot' and then click "Search".

How to Check IPO Allotment Status in a Bank Account:

1. Log into your Internet Banking: Go to your bank's website or mobile app and log in.
2. Explore IPO Section: Locate the "IPO Services" or "Application Status" sections.
3. Offer Required Information: Provide information like your PAN, application number, or other identifiers.
4. Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.
5. Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account:

1. Open Your Demat Account and Log in: Use the mobile app or website of your Depository Participant (DP).
2. Find IPO Section: Look for the section titled "IPO" or "Portfolio."
3. Verify IPO Allotment Status: Check if the allocated shares are visible in your Demat account.
4. Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.
5. Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Pranik Logistics IPO Timeline

Pranik Logistics IPO Subscription Status

Pranik Logistics IPO received 218.02 subscriptions. By 14th October 2024 at 5:45:58 PM (Day 3), the public issue had been subscribed 97.21 times in the retail category, 35.67 times in the QIB category, and 744.05 times in the NII category.

Subscription Day 3 (as of 5:45:58 PM, 14-Oct-24)

Total Subscription: 218.02 times
QIB: 35.67 times
NII: 744.05 times
Retail investors: 97.21 times

Subscription Day 2

Total Subscription: 4.36 times
QIB: 0.00 times
NII: 1.43 times
Retail investors: 8.11 times

Subscription Day 1

Total Subscription: 2.47 times
QIB: 0.00 times
NII: 0.90 times
Retail investors: 4.57 times

Pranik Logistics IPO Details

Pranik Logistics' initial public offering (IPO) is a book-built issue amounting to ₹22.47 crores. This offering consists of a fresh issue of 29.18 lakh shares.

The bidding process for the Pranik Logistics IPO commenced on 10th October 2024 and concluded on 14th October 2024. The allotment results for this IPO are anticipated to be finalised on 15th October 2024. Furthermore, the shares of Pranik Logistics are set to be listed on the NSE SME, with a provisional listing date scheduled for 17th October 2024.

The Pranik Logistics IPO price band has been established between ₹73 and ₹77 per share. Investors must apply for a minimum lot size of 1600 shares, which requires a minimum investment of ₹123,200 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (3,200 shares), totalling ₹246,400.
Narnolia Financial Services Ltd serves as the book running lead manager for the Pranik Logistics IPO. Maashitla Securities Private Limited is designated as the registrar for this offering.