Pranik Logistics Ltd. has announced public offering of 2918400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 67.00 per share. The gross proceeds of the issue are expected to be Rs 2,247.17 lakhs.

The company's initial public offer (IPO) will open on 10 October 2024 and is expected to close on 14 October 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 73.00-77.00 per share.

The IPO includes a fresh Issue of 2918400 Equity Shares of the Company at an price of Rs 77.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Pranik Logistics Ltd. anticipates using the proceeds of the issue for .

Narnolia Financial Services Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.