The Prospect Commodities IPO date has been confirmed from March 8 and ended on March 13. Read the post to learn about Prospect Commodities IPO GMP.
The IPO of Prospect Commodities is a fixed price offering worth Rs 7.48 crores. This offering consists solely of 12.26 lakh new shares. Bidding for the Prospect Commodities IPO commenced on March 8, 2023, and concluded on March 13, 2023. The allotment for this IPO was finalized on Thursday, March 16, 2023. The shares were subsequently listed on BSE SME on March 20, 2023..
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of Prospect Commodities IPO:
Bidding Dates
March 8 – 13 ,2023
Price Range
₹61 per share
Face Value
₹10 per share
GMP
₹ 2
Prospect Commodities IPO GMP
The Prospect Commodities IPO IPO GMP Today is ₹[ 2 ].
Prospect Commodities IPO Overview
The IPO price for Prospect Commodities is set at ₹61 per share. Retail investors are required to invest a minimum amount of ₹122,000, which corresponds to the minimum lot size of 2000 shares. On the other hand, High Net Worth Individuals (HNIs) need to invest in 2 lots, equivalent to 4,000 shares, with a total amount of ₹244,000. Prospect Commodities Limited, established in 2022, primarily focuses on engaging in international trade of agricultural products. The company was recently formed as a corporation, whereas its operations were previously overseen by a partnership firm known as “M/s Fortune Exports”.
Prospect Commodities IPO Date & Price Band Details
| IPO Date | March 8, 2023 to March 13, 2023 |
| Listing Date | March 20, 2023 |
| Face Value | ₹10 per share |
| Price | ₹61 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,226,000 shares (aggregating up to ₹7.48 Cr) |
| Fresh Issue | 1,226,000 shares (aggregating up to ₹7.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 62,000 shares |
Prospect Commodities IPO Market Lot
The minimum requirement for investors to place a bid is 2000 shares, and they can bid in multiples of this amount. The table below illustrates the minimum and maximum investment limits for both retail investors and high net worth individuals (HNIs) in terms of shares and monetary value.
| Retail (Min) | 1 | 2000 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| HNI (Min) | 2 | 4,000 | ₹244,000 |
Prospect Commodities IPO Allotment and Listing Dates
| IPO Open Date | Wednesday, March 8, 2023 |
| IPO Close Date | Monday, March 13, 2023 |
| Basis of Allotment | Thursday, March 16, 2023 |
| Initiation of Refunds | Friday, March 17, 2023 |
| Credit of Shares to Demat | Monday, March 20, 2023 |
| Listing Date | Monday, March 20, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 13, 2023 |
Company Profile
Mr. Vimal Mishra, the promoter and Managing Director of the company, possesses further than ten times of experience in different fields, which effectively drives the company’s growth in the correct direction. Prospect Commodities Limited operates in the B2B request, specializing in the trading of cashew nuts. The company sells cashews to wholesalers located in Gujarat. Each barrel of cashews weighs 10 KG. The company procures Raw Cashew Nuts( RCN) from merchandisers in Gujarat, who import RCN from various countries as well as from Kolam, Tuticorin, and Mangalore. Prospect offers a range of cashew grades, primarily
catering to the Gujarat market. These grades are determined by the size and color of the cashew nuts. The company provides premium cashew grades, including W400, W320, W240, W210, and W180.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Contact Details
| Name | Prospect Commodities |
| Phone number | 079-48000696 |
| Email ID | [email protected] |
| Website | https://www.prospectcommodities.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.
Prospect Commodities IPO FAQs
When Prospect Commodities IPO will open?
The Prospect Commodities IPO opens on March 8, 2023 and closes on March 13, 2023.
What is the lot size of Prospect Commodities IPO?
Prospect Commodities IPO lot size is 2000 Shares, and the minimum amount required is ₹122,000.
When is Prospect Commodities IPO allotment?
The completion of the Basis of Allotment for the IPO of Prospect Commodities will take place on Thursday, March 16, 2023. Subsequently, the allocated shares will be deposited into your demat account by Monday, March 20, 2023.
When is Prospect Commodities IPO listing date?
Leave a Reply