Pranik Logistics Ltd., a rapidly growing end-to-end logistics solutions provider in India, has filed a Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO) on the NSE Emerge platform. The company has partnered with Narnolia Financial Services Limited, a leading category 1 merchant banker in India, for this IPO.
Pranik Logistics, founded in 2015 by Pranav Kumar, has experienced significant growth, boasting a 65% p.a. growth rate over the past five years. The company supports major corporations such as Reliance, Nestle, and Tata and has established a wide network of warehouses and fleets across India.
With its diverse experience in the logistics industry and extensive ground infrastructure, Pranik Logistics aims to dominate the Indian logistics market and expand its reach globally.