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Prime Customer IPO is a fixed price issue of ₹7.28 crores. The issue is a combination of fresh issue of 0.05 crore shares aggregating to ₹2.70 crores and offer for sale of 0.08 crore shares aggregating to ₹4.58 crores.
Prime Customer IPO bidding started from Mar 20, 2017 and ended on Mar 23, 2017. The shares got listed on BSE SME on Mar 31, 2017.
Prime Customer IPO price is ₹60.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Prime Customer IPO RHP for detailed Information.
| IPO Date | March 20, 2017 to March 23, 2017 |
| Listing Date | March 31, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 12,14,000 shares (aggregating up to ₹7.28 Cr) |
| Reserved for Market Maker | 62,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.3720 Cr) |
| Fresh Issue (Ex Market Maker) | 3,88,000 shares (aggregating up to ₹2.33 Cr) |
| Offer for Sale | 7,64,000 shares of ₹10 (aggregating up to ₹4.58 Cr) |
| Net Offered to Public | 11,52,000 shares (aggregating up to ₹6.91 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 30,43,000 shares |
| Share Holding Post Issue | 34,93,000 shares |
Prime Customer Services IPO offers total 12,14,000 shares. Out of which 5,76,000 (47.45%) allocated to NII, 5,76,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 62,000 (5.11%) |
| NII (HNI) Shares Offered | 5,76,000 (47.45%) |
| Retail Shares Offered | 5,76,000 (47.45%) |
| Total Shares Offered | 12,14,000 (100.00%) |
Prime Customer IPO opens on March 20, 2017, and closes on March 23, 2017.
| IPO Open Date | Mon, Mar 20, 2017 |
| IPO Close Date | Thu, Mar 23, 2017 |
| Tentative Listing Date | Fri, Mar 31, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 23, 2017 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Incorporated in 2007, Prime Customer Services Ltd is a multi-services customer focused organization and provides value added services. The company offers end-to-end warehousing solutions including maintaining records, unloading, storage, loading, etc, re-packing and packaging services and skilled, semi-skilled, and unskilled laborers on contract basis as well as operates cold storage and ripening chambers for fruits, vegetables, flowers, and frozen food items.
They are also engages in the trading of perishable food items, primarily fruits and vegetables in the domestic as well as export markets. PCSL’s customers are primarily located in the western India, majorly Gujarat and Maharashtra. The company exports its products to the United Arab Emirates.
The Company Prime Customer IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Long term working capital requirement | 1.68 |
| 2 | Expenditure for General Corporate Purposes | 0.64 |
[Dilip Davda] Considering aggressive pricing, only cash surplus risk savvy investors may consider investment for long term. Read detail review...
| Listing Date | March 31, 2017 |
| BSE Script Code | 540404 |
| NSE Symbol | |
| ISIN | INE442V01012 |
| Final Issue Price | ₹60 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹169.00 |
| Low | ₹169.00 |
| High | ₹169.00 |
| Last Trade | ₹169.00 |
Prime Customer Services Ltd.
41/6 8/A Haji Pir Kirvani Dargah,
Jamalpur Char Rasta,
Nr. Marwari Chal
Ahmedabad, Gujarat, 380022
Phone: +91- 79 - 6450 0233
Email: cs@primecustomer.co.in
Website: http://www.primecustomer.co.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Prime Customer IPO is a SME IPO of 12,14,000 equity shares of the face value of ₹10 aggregating up to ₹7.28 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on March 20, 2017, and closes on March 23, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Prime Customer IPO using UPI as a payment gateway. Zerodha customers can apply in Prime Customer IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prime Customer IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prime Customer IPO opens on March 20, 2017 and closes on March 23, 2017.
Prime Customer IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Prime Customer 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 Prime Customer IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Prime Customer IPO allotment status.
The Prime Customer IPO listing date is on Friday, March 31, 2017.
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