Pranik Logistics shares listed at a modest 2.6% premium over their IPO price on the National Stock Exchange Small and Medium Enterprises (NSE SME) platform. The listing gains fell short of grey market expectations, but the IPO received an overwhelming response from investors.
Pranik Logistics’ IPO saw an overwhelming response, with the ₹22.47 crore offer being subscribed 218 times. Non-institutional investors showed massive interest, purchasing 744 times their allotted portion. Retail investors and Qualified Institutional Buyers (QIBs) subscribed 97 and 35 times.