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Pratham EPC Projects IPO is a book build issue of ₹36.00 crores. The issue is entirely a fresh issue of 0.48 crore shares of ₹36.00 crore.
Pratham EPC Projects IPO bidding started from Mar 11, 2024 and ended on Mar 13, 2024. The allotment for Pratham EPC Projects IPO was finalized on Mar 14, 2024. The shares got listed on NSE SME on Mar 18, 2024.
Pratham EPC Projects IPO price band is set at ₹75.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,13,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to Pratham EPC Projects IPO RHP for detailed Information.
| IPO Date | March 11, 2024 to March 13, 2024 |
| Listing Date | March 18, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹71 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 48,00,000 shares (aggregating up to ₹36.00 Cr) |
| Reserved for Market Maker | 2,40,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.80 Cr) |
| Net Offered to Public | 45,60,000 shares (aggregating up to ₹34.20 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,29,60,000 shares |
| Share Holding Post Issue | 1,77,60,000 shares |
Pratham EPC Projects IPO offers total 48,00,000 shares. Out of which 22,78,400 (47.47%) allocated to QIB, 9,12,000 (19.00%) allocated to QIB, 6,84,800 (14.27%) allocated to NII, 15,96,800 (33.27%) allocated to RII and 13,66,400 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,40,000 (5.00%) |
| QIB Shares Offered | 22,78,400 (47.47%) |
| − Anchor Investor Shares Offered | 13,66,400 (28.47%) |
| − QIB (Ex. Anchor) Shares Offered | 9,12,000 (19.00%) |
| NII (HNI) Shares Offered | 6,84,800 (14.27%) |
| Retail Shares Offered | 15,96,800 (33.27%) |
| Total Shares Offered | 48,00,000 (100.00%) |
Pratham EPC Projects IPO raises ₹10.25 crore from anchor investors. Pratham EPC Projects IPO Anchor bid date is March 7, 2024. Pratham EPC Projects IPO Anchor Investors list
| Bid Date | March 7, 2024 |
| Shares Offered | 13,66,400 |
| Anchor Portion Size (In Cr.) | 10.25 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 12, 2024 |
Pratham EPC Projects IPO opens on March 11, 2024, and closes on March 13, 2024.
| IPO Open Date | Mon, Mar 11, 2024 |
| IPO Close Date | Wed, Mar 13, 2024 |
| Tentative Allotment | Thu, Mar 14, 2024 |
| Initiation of Refunds | Fri, Mar 15, 2024 |
| Credit of Shares to Demat | Fri, Mar 15, 2024 |
| Tentative Listing Date | Mon, Mar 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 13, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Established in 2014, Pratham EPC Projects Limited provides end-to-end services to oil and gas utilities in India. The company specializes in integrated engineering, procurement, construction, and commissioning.
The company undertakes gas pipeline projects including welding, testing, and commissioning. Pratham specializes in oil and gas pipelines and offshore water distribution projects and undertakes tendering and management.
The company is certified by renowned organizations as follows: ISO 10002:2018 for customer satisfaction, ISO 14001:2015 for environmental management, ISO 18001:2007 for occupational health and safety, and ISO 9001:2015 for quality management.
The company has completed more than 12 projects, with the largest projects totaling approximately ₹ 13,184.10 lakhs. As of March 31st, 2023, the company has six major projects. Five of them worth approximately ₹ 19,397.33 lakhs have been confirmed, but execution of projects worth ₹ 16,952.80 lakhs is still pending. One project has been completed with an order worth around ₹ 40,667.29 lakhs, indicating a healthy order book.
As of September 30, 2023, the company employed 770 people in various departments.
Pratham EPC Projects Limited's revenue increased by 2.07% and profit after tax (PAT) rose by 73.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,643.75 | 4,849.75 | 2,850.17 | 2,041.93 |
| Total Income | 3,581.37 | 5,167.29 | 5,062.66 | 3,085.03 |
| Profit After Tax | 523.41 | 764.12 | 441.32 | 112.85 |
| Net Worth | 2,321.26 | 1,797.86 | 1,033.73 | 592.41 |
| Reserves and Surplus | 1,025.26 | 1,716.86 | 952.73 | 511.41 |
| Total Borrowing | 952.27 | 1,418.83 | 246.26 | 199.48 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Pratham EPC Projects IPO is ₹133.20 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| ROE | 45.10 |
| ROCE | 24.81 |
| RoNW | 22.55 |
| PAT Margin | 15.26% |
| Price to Book Value | 4.19 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.90 | 5.89 |
| P/E (x) | 12.72 | 12.72 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is emerging player in gas pipeline infrastructure related services and gaining ground with its cross-country focused projects. It marked surge in profits from FY23 onwards with its changed strategy. It has good client list. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | March 18, 2024 |
| BSE Script Code | |
| NSE Symbol | PRATHAM |
| ISIN | INE0QA601016 |
| Final Issue Price | ₹75 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹113.30 |
| Low | ₹110.00 |
| High | ₹118.95 |
| Last Trade | ₹118.95 |
Pratham EPC Projects Ltd.
A-1101, Sankalp Iconic,
Opp. Vikram Nagar Iscon Temple Cross Road,
S.G. Highway,
Ahmedabad, Gujarat, 380054
Phone: 079-40037008
Email: cs@prathamepc.com
Website: https://www.prathamepc.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: prathamepc.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Pratham EPC Projects IPO is a SME IPO of 48,00,000 equity shares of the face value of ₹10 aggregating up to ₹36.00 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on March 11, 2024, and closes on March 13, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Pratham EPC Projects IPO using UPI as a payment gateway. Zerodha customers can apply in Pratham EPC Projects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pratham EPC Projects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pratham EPC Projects IPO opens on March 11, 2024 and closes on March 13, 2024.
Pratham EPC Projects IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in Pratham EPC Projects IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Pratham EPC Projects IPO will be done on Thursday, March 14, 2024, and the allotted shares will be credited to your demat account by Friday, March 15, 2024. Check the Pratham EPC Projects IPO allotment status.
The Pratham EPC Projects IPO listing date is on Monday, March 18, 2024.
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