Pranik Logistics Files DRHP for IPO

24 Jun 2024 CW Team

Pranik Logistics, a leading player in India's logistics sector, has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). This move marks a significant step for the company as it seeks to tap into the capital markets to fuel its growth and expansion plans.

The IPO will comprise a fresh issue of equity shares, as well as an offer for sale of shares by existing shareholders. The funds raised through the IPO will be utilised for various purposes including debt repayment, working capital requirements, and general corporate purposes. Pranik Logistics aims to leverage the IPO proceeds to further strengthen its position in the competitive logistics landscape and capitalise on emerging opportunities in the sector.

With a strong presence across key segments such as transportation, warehousing, and distribution, Pranik Logistics has established itself as a trusted partner for a diverse clientele including leading corporations and SMEs. The company's robust infrastructure, technological prowess, and commitment to service excellence have contributed to its growth trajectory and solid reputation in the market.

The IPO comes at a time when the logistics sector in India is witnessing rapid evolution and transformation driven by factors such as e-commerce growth, infrastructure development, and supply chain optimization initiatives. Pranik Logistics is well-positioned to capitalise on these trends and emerge as a key player in the burgeoning logistics landscape.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..