Prospect Commodities Limited IPO
BSE SMEListed On: Mar 20, 2023 at ₹ 61.0
₹ 244000 /4000 Shares
*Min Investment
08 Mar, 2023
Open Date13 Mar, 2023
Close Date16 Mar, 2023
Allotment Date20 Mar, 2023
Listing DateProspect Commodities Limited IPO Issue Details
- Issue Price ₹61 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 1,226,000 shares of ₹10(aggregating up to ₹7.48 Cr)
- Listing at BSE SME
- List Price 61.0
- Listing Date 2023-03-20
- Lead Manager Interactive Financial Services Ltd
- Registrar Bigshare Services Pvt Ltd
Prospect Commodities Limited IPO Details
- Retail Portion N/A
Prospect Commodities Limited IPO Details
Prospect Commodities Limited IPO is an SME IPO, priced at ₹61 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Mar 8, 2023 to Mar 13, 2023. The allotment is expected to be finalized on Mar 16, 2023, and the tentative listing date is Mar 20, 2023.
The registrar of the IPO is Bigshare Services Pvt Ltd, and
Prospect Commodities Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 582,000 | 582,000 | 1,164,000 |
Day 1 08-03-23 06:00 PM | 3.92 x | 0.22 x | 2.07 x |
Day 2 09-03-23 06:00 PM | 4.17 x | 0.62 x | 2.39 x |
Day 3 10-03-23 06:00 PM | 4.65 x | 1.63 x | 3.13 x |
Day 4 13-03-23 06:00 PM | 6.85 x | 3.76 x | 5.31 x |
Prospect Commodities Limited Valuations
Prospect Commodities Limited Company Financials
| 30-Nov-22 | 31-Mar-22 | |
|---|---|---|
| Assets | 977.07 | 1.05 |
| Revenue | 839.98 | 0.00 |
| Profit After Tax | 52.85 | -0.15 |
About Prospect Commodities Limited Company
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 - Promoter(s)
Vimal Mishra
Priyanka Mishra
Pre Issue Share Holding : 88.44%
Post Issue Share Holding : 61.94%
Prospect Commodities Limited IPO - Issue Objectives
Repayment of Unsecured Loans
Long-term working capital requirement
General Corporate Purpose
Meeting Public Issue Expenses.
Prospect Commodities Limited IPO - FAQs
Ans. Prospect Commodities Limited IPO is a SME IPO. The issue is priced at ₹61 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Mar 8, 2023, and closes on Mar 13, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Prospect Commodities Limited IPO opens on Mar 8, 2023 and closes on Mar 13, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Prospect Commodities Limited IPO is 1,226,000 shares of ₹10(aggregating up to ₹7.48 Cr).
Ans. The Prospect Commodities Limited IPO price band is set between ₹61 per equity share.
Ans. To apply for Prospect Commodities Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Prospect Commodities 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 Prospect Commodities Limited IPO is Mar 16, 2023.
Ans. The Prospect Commodities Limited IPO will be listed on Mar 20, 2023.
Ans. Follow the steps to check the Prospect Commodities Limited IPO allotment status online.
