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Prospect Commodities IPO is a fixed price issue of ₹7.48 crores. The issue is entirely a fresh issue of 0.12 crore shares of ₹7.48 crore.
Prospect Commodities IPO bidding started from Mar 8, 2023 and ended on Mar 13, 2023. The allotment for Prospect Commodities IPO was finalized on Mar 16, 2023. The shares got listed on BSE SME on Mar 20, 2023.
Prospect Commodities IPO price is ₹61.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,22,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,44,000.
Interactive 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 Beeline Broking Ltd..
Refer to Prospect Commodities IPO RHP for detailed Information.
| IPO Date | March 8, 2023 to March 13, 2023 |
| Listing Date | March 20, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,26,000 shares (aggregating up to ₹7.48 Cr) |
| Reserved for Market Maker | 62,000 shares Beeline Broking Ltd. (aggregating up to ₹0.3782 Cr) |
| Net Offered to Public | 11,64,000 shares (aggregating up to ₹7.10 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 28,64,500 shares |
| Share Holding Post Issue | 40,90,500 shares |
Prospect Commodities IPO offers total 12,26,000 shares. Out of which 5,82,000 (47.47%) allocated to NII, 5,82,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 62,000 (5.06%) |
| NII (HNI) Shares Offered | 5,82,000 (47.47%) |
| Retail Shares Offered | 5,82,000 (47.47%) |
| Total Shares Offered | 12,26,000 (100.00%) |
Prospect Commodities IPO opens on March 8, 2023, and closes on March 13, 2023.
| IPO Open Date | Wed, Mar 8, 2023 |
| IPO Close Date | Mon, Mar 13, 2023 |
| Tentative Allotment | Thu, Mar 16, 2023 |
| Initiation of Refunds | Fri, Mar 17, 2023 |
| Credit of Shares to Demat | Mon, Mar 20, 2023 |
| Tentative Listing Date | Mon, Mar 20, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 13, 2023 |
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 | ₹1,22,000 |
| Retail (Max) | 1 | 2,000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2022, Prospect Commodities Limited is majorly into the international trade of "Agro Products". The entity was recently incorporated as a company, earlier the operations were managed and controlled through the partnership firm under the name "M/s Fortune Exports".
The Promoter and Managing Director of the company, Mr. Vimal Mishra has experience of over a decade in different fields which harnesses the company's growth in the right direction.
Prospect Commodities Limited is in the business of trading cashew in the B2B Market. The entity sells the Cashews to wholesalers in the state of Gujarat. The cashews are packed in a tin of 10 KG. The Company buys RCN (Raw Cashew Nut) from Gujarat vendors itself, who are importing RCN from other countries and also from Kolam, Tuticorin, and Mangalore.
The products of Prospect include various grades of Cashews largely sold in Gujarat. These cashew grades are based on the size and color of the cashew nuts. The company has the following premium grades of Cashew to offer W400, W320, W240, W210, and W180.
Cashew Nuts themselves are premium dry fruit and require multiple processing stages to be sold as a finished product. Before reaching the doorstep of the end customer, the nuts undergo a series of processes. Prospect Commodities Limited undertakes the following processes:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-22 | 1.05 | 0.00 | -0.15 | 0.85 | -0.15 | 0.05 |
| 30-Nov-22 | 977.07 | 839.98 | 52.85 | 293.70 | 52.70 | 363.57 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Prospect Commodities IPO is ₹24.95 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 31.44 |
The Company proposes to utilize the Net Proceeds from the issue towards the following objects:
[Dilip Davda] As a partnership firm, the company has reported listless performance for the previous three fiscals. Its FY23 earnings appear to have been window dressed to ask for fancy valuations. The issue is aggressively priced in context with reported super earnings. There is no harm in skipping this “High-risk/Low return” bet. Read detail review...
| Listing Date | March 20, 2023 |
| BSE Script Code | 543814 |
| NSE Symbol | |
| ISIN | INE0OKG01017 |
| Final Issue Price | ₹61 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹61.00 |
| Low | ₹61.00 |
| High | ₹64.05 |
| Last Trade | ₹61.45 |
Prospect Commodities Ltd.
417, Sun Orbit B/h. Rajpath Club Road,
Bodakdev,
Ahmedabad - 380054
Ahmedabad, Gujarat
Phone: 079-48000696
Email: info@prospectcommodities.com
Website: http://www.prospectcommodities.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Prospect Commodities IPO is a SME IPO of 12,26,000 equity shares of the face value of ₹10 aggregating up to ₹7.48 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on March 8, 2023, and closes on March 13, 2023.
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 Prospect Commodities IPO using UPI as a payment gateway. Zerodha customers can apply in Prospect Commodities IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prospect Commodities IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prospect Commodities IPO opens on March 8, 2023 and closes on March 13, 2023.
Prospect Commodities IPO lot size is 2000, and the minimum amount required for application is ₹1,22,000.
You can apply in Prospect Commodities 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 Prospect Commodities IPO will be done on Thursday, March 16, 2023, and the allotted shares will be credited to your demat account by Monday, March 20, 2023. Check the Prospect Commodities IPO allotment status.
The Prospect Commodities IPO listing date is on Monday, March 20, 2023.
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