The Pratham EPC Projects IPO date has been confirmed from March 11, 2024 and closes on March 13, 2024. Read the post to learn about Pratham EPC Projects Limited IPO GMP.
Pratham EPC Projects is launching an IPO with a fixed price issuance valued at Rs 36.00 crores. Pratham EPC Projects has announced an IPO price band ranging from ₹71 to ₹75 per share. Applications must meet a minimum lot size requirement of 1600 Shares. ₹120,000 is the minimum investment threshold for retail investors. HNIs are expected to commit a minimum investment of 2 lots, including 3,200 shares, valued at ₹240,000.
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Bidding Dates
March 11-13
Price Range
₹71 to ₹75 per share
Face Value
₹10 per share
GMP
₹27
Pratham EPC Projects IPO GMP
The Pratham EPC IPO GMP Today is ₹27.
IPO Overview
Pratham EPC Projects’ IPO, totaling Rs 36.00 crore, is conducted through a book-building process. Pratham EPC Projects introduces an entirely fresh offering, comprising 4.8 million shares, with its IPO scheduled from March 11 to March 13, 2024. The Pratham EPC Projects IPO allotment process is anticipated to conclude by Thursday, March 14, 2024. NSE SME anticipates listing Pratham IPO GMP on Monday, March 18, 2024.
Investors can purchase Pratham shares at a price between ₹71 and ₹75 during the IPO. Pratham EPC IPO GMP Today is ₹25. An application must have a lot size of at least 1600 shares. The minimum required investment for retail investors is ₹120,000. HNIs must commit to at least 2 lots, totaling 3,200 shares, with a value of ₹240,000 as the minimum investment.
Pratham EPC Projects IPO Details
| IPO Date | March 11, 2024 to March 13, 2024 |
| Listing Date | 18-Mar-2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,800,000 shares (aggregating up to ₹36.00 Cr) |
| Fresh Issue | 4,800,000 shares (aggregating up to ₹36.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,960,000 |
| Share holding post issue | 17,760,000 |
| Market Maker portion | 240,000 shares |
Pratham EPC Projects Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,643.75 | 4,849.75 | 2,850.17 | 2,041.93 |
| Revenue | 3,581.37 | 5,167.29 | 5,062.66 | 3,085.03 |
| Profit After Tax | 523.41 | 764.12 | 441.32 | 112.85 |
| Net Worth | 2,321.26 | 1,797.86 | 1,033.73 | 592.41 |
| Reserves and Surplus | 1,025.26 | 1,716.86 | 952.73 | 511.41 |
| Total Borrowing | 952.27 | 1,418.83 | 246.26 | 199.48 |
| Amount in ₹ Lakhs | ||||
Pratham EPC Projects IPO Timeline
| IPO Open Date | Monday, March 11, 2024 |
| IPO Close Date | Wednesday, March 13, 2024 |
| Basis of Allotment | Thursday, March 14, 2024 |
| Initiation of Refunds | Friday, March 15, 2024 |
| Credit of Shares to Demat | Friday, March 15, 2024 |
| Listing Date | Monday, March 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 13, 2024 |
Company Profile
Founded in 2014, Pratham EPC Projects Limited has emerged as a leading provider of services to India’s oil and gas utilities. Integrated engineering, procurement, construction, and commissioning are at the core of the company’s operations. Gas pipeline projects are the core of the company’s work, comprising activities such as welding, testing, and commissioning. Pratham specialises in oil and gas pipelines as well as offshore water distribution projects, which it tenders and manages. The company is accredited by the following organisations: 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 around 12 projects, with the largest reaching over ₹ 13,184.10 lakhs. As of March 31, 2023, the corporation had six significant projects. Five projects have been confirmed, totaling ₹ 19,397.33 lakhs, while ₹ 16,952.80 lakhs worth of projects are yet to be confirmed. One completed project with an order worth ₹ 40,667.29 lakhs indicates a robust order book. The corporation had 770 employees distributed among different departments as of September 30, 2023.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | prathamepc.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Pratham EPC Projects Limited |
| Phone number | 079-40037008 |
| Email ID | cs@prathamepc.com |
| Website | prathamepc.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
