85Cr Valuation: How Pranik Logistics Aims to Raise 22Cr ? | Apply or Avoid? | Planify

85Cr Valuation: How Pranik Logistics Aims to Raise 22Cr ? | Apply or Avoid? | Planify

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Pranik Logistics Limited IPO Review: Should You Invest?
The IPO opens for subscription on October 30, 2024, and closes on October 14, 2024. We’ve covered all the insights, including the company’s financials, strengths, and valuation.

Revenue increased by 11%, and PAT surged by 336%, from ₹93 Lakhs to ₹4 Cr. However, the company has a debt of ₹17.02 Cr.
Rating: 2/5 (Financials)

On clientele, we rated it 2/5.

Valuation-wise, it's planning to list at a P/E of 19, which is fairly valued compared to peers.
Rating: 3/5 (Valuation)

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About Pranik Logistics Limited

Pranik Logistics Limited was founded in 2015 and offers integrated logistics solutions.

The company is a PAN India logistics provider operating as a freight forwarder and transporter, providing integrated services such as transportation, warehousing, material handling, and freight forwarding to its clients in various industries such as retail, consumer durables, telecom, manufacturing, pharma, etc.

The company has its own fleet of 86 commercial vehicles, which can also be leased if required. In addition, the company has a total of 30 warehouses that are managed directly by the company.

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