Pratham EPC Projects Limited IPO Detail
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.
Company Promoters
Mr. Nayankumar Manubhai Pansuriya and Mr. Pratikkumar Maganlal VekariyaIPO Details
| IPO Opening Date | Mar 11, 2024 |
| IPO Closing Date | Mar 13, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 - 75 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹36.00 Cr |
| Fresh Issue | ₹36.00 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.03x | 0.00x | 0.00x | 10.50x | 21.76x | 13.14x |
| Day 2 | 1.35x | 0.00x | 0.00x | 52.51x | 74.88x | 49.09x |
| Day 3 | 70.28x | 0.00x | 0.00x | 320.53x | 179.48x | 178.54x |
IPO Tentative Timetable
The Pratham EPC Projects Limited IPO open date is Mar 11, 2024, and the close date is Mar 13, 2024. The issue may list on Mar 18, 2024.
| IPO Open Date | Mar 11, 2024 |
| IPO Close Date | Mar 13, 2024 |
| Basis of Allotment Date | Mar 14, 2024 |
| Initiation of Refunds | Mar 15, 2024 |
| Credit of Shares to Demat Account | Mar 15, 2024 |
| IPO Listing Date | Mar 18, 2024 |
IPO Lot Size
The Pratham EPC Projects Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹120000 |
| Maximum | 1 | 1600 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.97% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2041.93 | 3085.03 | 112.85 |
| 31-Mar-22 | 2850.17 | 5062.66 | 441.32 |
| 31-Mar-23 | 4849.75 | 5167.29 | 764.12 |
| 30-Sep-23 | 4643.75 | 3581.37 | 523.41 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Purchase of Machinery.
- To Meet Working Capital Requirements.
- General Corporate Purpose.
Pratham EPC Projects Limited IPO Registrar:
Link Intime India Private Ltd
Pratham EPC Projects Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Pratham EPC Projects Limited
A-1101, Sankalp Iconic,
Opp. Vikram Nagar Iscon Temple Cross Road,
S.G. Highway, Ahmedabad-380054
