Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Mon, Mar 20, 2017 - Thu, Mar 23, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 20, 2017
IPO Close
Thu, Mar 23, 2017
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹20.96 Cr
| IPO Date | 20 to 23 Mar, 2017 |
| Listed on | Fri, Mar 31, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 12,14,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 62,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.3720 Cr) |
| Fresh Issue (Ex Market Maker) | 3,88,000 shares (agg. up to ₹2 Cr) |
| Offer for Sale | 7,64,000 shares of ₹10 (agg. up to ₹5 Cr) |
| Net Offered to Public | 11,52,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 30,43,000 shares |
| Share Holding Post Issue | 34,93,000 shares |
| BSE Script Code | 540404 |
| ISIN | INE442V01012 |
Prime Customer IPO comprises a total issue size of 12,14,000 shares. The net offer to the public is 11,52,000 shares, after excluding 62,000 shares allotted on a firm basis. Of the Net offer 5,76,000 (50.00%) allocated to NII 5,76,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,76,000 | 50.00% | 47.45% |
| Retail Shares Offered | 5,76,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 62,000 | 5.11% | |
| Total Shares Offered | 12,14,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Long term working capital requirement | 1.68 |
| 2 | Expenditure for General Corporate Purposes | 0.64 |
The Prime Customer Services IPO is subscribed [.] times on March 23, 2017 6:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees (1st year), and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.38 |
| 2 | Brokerage and selling commission | 0.01 |
| 3 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.18 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹169.00 |
| Low | ₹169.00 |
| High | ₹169.00 |
| Last Trade | ₹169.00 |
Lead Manager Reports
Prime Customer IPO is a SME IPO of 12,14,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Mar 20, 2017, and closes on Thu, Mar 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 Mon, Mar 20, 2017 and closes on Thu, Mar 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 Fri, Mar 31, 2017.
