Bookbuilding IPO | ₹36 Cr | Listed at NSE SME | Mon, Mar 11, 2024 - Wed, Mar 13, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,20,000 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 11, 2024
IPO Close
Wed, Mar 13, 2024
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹133.20 Cr
| IPO Date | 11 to 13 Mar, 2024 |
| Listed on | Mon, Mar 18, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 48,00,000 shares (agg. up to ₹36 Cr) |
| Reserved for Market Maker | 2,40,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 45,60,000 shares (agg. up to ₹34 Cr) |
| Net Offered to Public | 45,60,000 shares (agg. up to ₹34 Cr) |
| Share Holding Pre Issue | 1,29,60,000 shares |
| Share Holding Post Issue | 1,77,60,000 shares |
| NSE Symbol | PRATHAM |
| ISIN | INE0QA601016 |
Pratham EPC Projects IPO comprises a total issue size of 48,00,000 shares. The net offer to the public is 45,60,000 shares, after excluding 2,40,000 shares allotted on a firm basis. Of the Net offer 22,78,400 (49.96%) are allocated to QIB, 6,84,800 (15.02%) allocated to NII 15,96,800 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 22,78,400 | 49.96% | 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 | 15.02% | 14.27% |
| Retail Shares Offered | 15,96,800 | 35.02% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,40,000 | 5.00% | |
| Total Shares Offered | 48,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Pratham EPC Projects IPO raises ₹10.25 crore from anchor investors. Pratham EPC Projects IPO Anchor bid date is March 7, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Mar 7, 2024 |
| Shares Offered | 13,66,400 |
| Anchor Portion (₹ Cr.) | 10.25 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Apr 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jun 12, 2024 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 46.44 | 48.50 | 28.50 | 20.42 |
| Total Income | 35.81 | 51.67 | 50.63 | 30.85 |
| Profit After Tax | 5.23 | 7.64 | 4.41 | 1.13 |
| NET Worth | 23.21 | 17.98 | 10.34 | 5.92 |
| Reserves and Surplus | 10.25 | 17.17 | 9.53 | 5.11 |
| Total Borrowing | 9.52 | 14.19 | 2.46 | 1.99 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Machinery | 8.84 |
| 2 | To Meet Working Capital Requirements | 15.15 |
| 3 | General Corporate Purpose | 8.82 |
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 45.10 |
| ROCE | 24.81 |
| RoNW | 22.55 |
| PAT Margin | 15.26% |
| Price to Book Value | 4.19 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.90 | 5.89 |
| P/E (x) | 12.72 | 12.72 |
| Promoter Holding | 100.00% | 72.97% |
| Market Cap | ₹133.20 Cr. |
The Pratham EPC Projects IPO is subscribed 178.54 times on March 13, 2024 6:22:00 PM (Day 3). The public issue subscribed 179.48 times in the retail category, 70.28 times in the QIB category, and 320.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 70.28 | 9,12,000 | 6,40,92,800 |
| NII* | 320.53 | 6,84,800 | 21,94,97,600 |
| Retail | 179.48 | 15,96,800 | 28,66,00,000 |
| Total | 178.54 | 31,93,600 | 57,01,90,400 |
Total Application : 1,79,125
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees payable to Legal Advisor | 0.02 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.10 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.07 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Two Years) | 0.12 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 2.52 |
| 9 | Escrow Bank Fees | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹113.30 |
| Low | ₹110.00 |
| High | ₹118.95 |
| Last Trade | ₹118.95 |
Lead Manager Reports
Pratham EPC Projects IPO is a SME IPO of 48,00,000 equity shares of the face value of ₹10 aggregating up to ₹36 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Mar 11, 2024, and closes on Wed, Mar 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 Mon, Mar 11, 2024 and closes on Wed, Mar 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 Fri, Mar 15, 2024. Check the Pratham EPC Projects IPO allotment status.
The Pratham EPC Projects IPO listing date is on Mon, Mar 18, 2024.
