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Pranik Logistics IPO Day 1: Check subscription status, GMP, key dates and other key details | Stock Market News
Source: Live Mint
Pranik Logistics IPO: The Subscription period for the Initial Public offering started on October’10 and ends on 15 October 2024. Check subscription status, GMP, key dates and other key details
Pranik Logistics IPO: Subscription details
The Pranik Logistics IPO had received 2.08 times subscriptions on October 10, 2024, by 4.10 PM. The public issue had been subscribed 3.83 times in the retail category, 0.00 times in the QIB category, and 0.76 times in the NII category.
Pranik Logistics IPO; Key Dates
The Pranik Logistics initial public offering (IPO) will go live on October 10, 2024, and end on October 14, 2024. On Tuesday, October 15, 2024, the allocation for the Pranik Logistics IPO is anticipated to be completed. The proposed listing date for Pranik Logistics’ initial public offering (IPO) on NSE SME is Thursday, October 17, 2024.
Pranik Logistics IPO; subscription details
The IPO price range or price band for Pranik Logistics is ₹73– ₹77 per share. A minimum lot size of 1600 shares is required for an application and hence Retail investors are needed to invest a minimum of ₹123,200. For HNI, a minimum investment of two lots (3,200 shares) of ₹246,400 is required.
Pranik Logistics IPO; Objectives of the issue
The ₹22.47 crore Pranik Logistics IPO is a book-built offering. This is a completely new offering of 29.18 lakh shares being issued.
The company plans to use the issue proceeds to meet the expenses for Investment in technology. Some portion is to be used to meet out the Capital Expenditure Requirement of the Company while company also intends to meet out the Working Capital requirements of the Company, and for General Corporate Purposes as well as to cover and meet out the Issue Expenses.
Pranik Logistics IPO; GMP or Grey Market Premium
Based on data from Investorgain.com, the IPO price of Pranik Logistics had a nil GMP. This ,meant that the shares of Pranik Logistics are available in the grey market without any premium on the issue price.
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