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Pranik Logistics Ltd has deployed Rs. 20.27 Cr of its Rs. 22.47 Cr IPO proceeds mainly on technology development (a logistics management app), working capital, corporate expenses, and issue costs. Rs. 2.20 Cr reserved for warehouse capital expenditure remains unspent due to vendor discussions, now expected to complete by year-end. The company approved using a fixed deposit of Rs. 2.36 Cr for this warehouse capex. All other funds have been used as intended, with proper documentation maintained. This update confirms disciplined fund management supporting their expansion and tech initiatives.