Pratham EPC Projects Limited IPO
NSE SMEListed On: Mar 18, 2024 at ₹ 113.3
₹ 240000 /3200 Shares
*Min Investment
11 Mar, 2024
Open Date13 Mar, 2024
Close Date14 Mar, 2024
Allotment Date18 Mar, 2024
Listing DatePratham EPC Projects Limited IPO Issue Details
- Issue Price ₹71-75 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 48,00,000 shares(aggregating up to ₹36 crore)
- Fresh Share 48,00,000 shares(aggregating up to ₹36 crore)
- Listing at NSE SME
- List Price 113.3
- Listing Date 2024-03-18
- Lead Manager Beeline Capital Advisors Pvt Ltd
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,20,000 |
| Retail(max) | 1 | 1600 | ₹1,20,000 |
| NII (min) | 2 | 3,200 | ₹2,40,000 |
Pratham EPC Projects Limited IPO Reservation
Pratham EPC Projects Limited IPO offers total 4,800,000 shares. Out of which 912,000 (19%) allocated to QIB, 684,800 (14.27%) allocated to NII,1,596,800 (33.27%) allocated to RII, NA (NA%) allocated to employees and 1,366,400 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,366,400 (28.47%) | |
| Market Maker Shares Offered | 240,000 (5%) | |
| QIB Shares Offered | 912,000 (19%) | |
| NII (HNI) Shares Offered | 684,800 (14.27%) | |
| Retail Shares Offered | 1,596,800 (33.27%) | |
| Total Shares Offered | 4,800,000 (100%) |
Pratham EPC Projects Limited IPO Details
Pratham EPC Projects Limited IPO is an SME IPO, priced at ₹71-75 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 48,00,000 equity shares, aggregating up to ₹36 crores..
The IPO bidding window is open from Mar 11, 2024 to Mar 13, 2024. The allotment is expected to be finalized on Mar 14, 2024, and the tentative listing date is Mar 18, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.
Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.
Pratham EPC Projects Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 912,000 / 684,800 | 1,596,800 | 3,193,600 |
Day 1 11-03-24 06:00 PM | 0.03 / 10.50 x | 21.76 x | 13.14 x |
Day 2 12-03-24 06:00 PM | 1.35 / 52.51 x | 74.88 x | 49.09 x |
Day 3 13-03-24 06:00 PM | 70.28 / 320.32 x | 178.33 x | 177.92 x |
Pratham EPC Projects Limited Valuations
Pratham EPC Projects Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 4,849.75 | 2,850.17 | 2,041.93 |
| Revenue | 5,167.29 | 5,062.66 | 3,085.03 |
| Profit After Tax | 764.12 | 441.32 | 112.85 |
| Net Worth | 1,797.86 | 1,033.73 | 592.41 |
| Reserves & Surplus | 1,716.86 | 952.73 | 511.41 |
| Total Borrowing | 1,418.83 | 246.26 | 199.48 |
About Pratham EPC Projects Limited Company
Pratham EPC Projects Limited, founded in 2014, provides complete end-to-end services to the oil and gas utilities of India. It offers integrated engineering, procurement, construction, and commissioning.
It conducts gas pipeline projects that involve welding, testing, and commissioning. Pratham is expert in offshore water distribution and oil and gas pipelines. It performs the tasks of tendering and management.
The company is certified by these various renowned organizations in different fields, such as ISO 10002:2018 about customer satisfaction, ISO 14001:2015 about environmental management, ISO 18001:2007 for occupational health and safety, and ISO 9001:2015 about quality management.
The company has already completed more than 12 projects. The total amount of the biggest projects is approximately ₹ 13,184.10 lakhs. As on March 31st, 2023, there are six big projects. Among them, five have been confirmed with approximately ₹ 19,397.33 lakhs, and the execution of projects of ₹ 16,952.80 lakhs is still pending. One project has been completed with an order of around ₹ 40,667.29 lakhs. Thus, a healthy order book has been maintained by the company.
The company had 770 employees in the various departments as at September 30, 2023.
Pratham EPC Projects Limited - Promoter(s)
Mr. Nayankumar Manubhai Pansuriya
Mr. Pratikkumar Maganlal Vekariya
Pre Issue Share Holding : 100%
Post Issue Share Holding : 72.97%
Pratham EPC Projects Limited IPO - Issue Objectives
Purchase of Machinery.
To Meet Working Capital Requirements.
General Corporate Purpose.
To meet Public Issue Expenses
Pratham EPC Projects Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Pratham EPC Projects Limited | 5.9 | N/A | 13.87 | N/A | 42.5 | 5.41 | Standalone |
| Likhitha Infrastructure Limited | 15.22 | N/A | 63.39 | 15.47 | 24.01 | 3.72 | Standalone |
Notes:
- P/E Ratio has been computed based on the closing market price of equity shares on the BSE on March 31, 2023, divided by the Basic EPS.
- RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Details
Pratham EPC Projects Limited
A-1101, Sankalp Iconic, Opp. Vikram Nagar Iscon Temple Cross Road, S.G. Highway, Ahmedabad-380054
079-40037008
Registrar Contact Details
Pratham EPC Projects Limited IPO - FAQs
Ans. Pratham EPC Projects Limited IPO is a SME IPO. The issue is priced at ₹71-75 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Mar 11, 2024, and closes on Mar 13, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Pratham EPC Projects Limited IPO opens on Mar 11, 2024 and closes on Mar 13, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Pratham EPC Projects Limited IPO is 5,000,000 shares(aggregating up to ₹37.50 Cr).
Ans. The Pratham EPC Projects Limited IPO price band is set between ₹71-75 per equity share.
Ans. To apply for Pratham EPC Projects Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Pratham EPC Projects Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Pratham EPC Projects Limited IPO is Mar 14, 2024.
Ans. The Pratham EPC Projects Limited IPO will be listed on Mar 18, 2024.
Ans. Follow the steps to check the Pratham EPC Projects Limited IPO allotment status online.
