04-Mar-2024
2 mins read
Pratham EPC Projects IPO is open for subscription from Monday, March 11, 2024, and will close on Wednesday, March 13, 2024. The price is decided at Rs 71 to Rs 75 per share. The minimum lot size of this application for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. The minimum amount of investment required for retail category investors is Rs 1,20,000 (75 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,40,000 (75 x 3200 shares). Pratham EPC Projects IPO is a book-built issue of Rs 36 crores. This upcoming IPO issue is completely a fresh issue of 48 lakh equity shares. The allotment for this SME IPO is expected to be finalised on Thursday, March 14, 2024. Pratham EPC Projects IPO will be listed on NSE SME, and the listing date is fixed on Monday, March 18, 2024. The book-running lead manager of Pratham EPC Projects Limited IPO is Beeline Capital Advisors Private Limited. The registrar for this IPO is LinkIntime India Limited. The market maker for this IPO is Spread X Securities.
About Pratham EPC Projects Company Profile
Pratham EPC Projects Limited incorporated in 2014, provides end-to-end services to oil and gas utilities in India. Company is specialised in integrated engineering, procurement, construction and commissioning. Pratham EPC Projects undertakes gas pipelines projects including welding, testing and commissioning. Company also specialises in offshore water distribution projects and undertakes tendering and management. The company has completed more than twelve projects, with the biggest projects Rs 13.184.10 lakhs. As of 31 March 2023, the company had six major projects, out of which five of them worth Rs 19,397.33 lakhs have been confirmed. But the execution of the projects worth Rs 16,952.80 lakhs is still pending. The other one project out of six have been completed with an order book of around Rs 40,667.29 lakhs indicates healthy order book. As of September 30, 2023, all together the company employed 770 people.
Primary Objectives of Pratham EPC Projects IPO
The sum received from this initial public offer will be utilised for the purchase of machinery. Other than this, the net proceeds will be used to meet the working capital requirements and general corporate purposes will also be covered.
Financials of Pratham EPC Projects Limited (Amt in Rs Lakhs)
The company reported a revenue of Rs 3,581.37 lakhs and profit after tax of Rs 523.41 lakhs for the period ending on 30 September 2023. The revenue increased by 2.07% and profit after tax rose by 73.14% between the FY ending with 31 march 2023 and 31 march 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 |
Other Important Details of Pratham EPC Projects IPO
| IPO Date | March 11, 2024 to March 13, 2024 |
| Listing Date | 18-Mar-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 71 to Rs 75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,800,000 shares amounting to Rs 36 crore |
| Fresh Issue | 4,800,000 shares amounting to Rs 36 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 12,960,000 |
| Shareholding post issue | 17,760,000 |
| Market Maker portion | 240,000 shares |
Time-Table of Pratham EPC Projects IPO
| 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 |
Lot Size of Pratham EPC Projects IPO
| Application | Lots | Shares | Amount |
| Retail – minimum | 1 | 1600 | Rs 120,000 |
| Retail – maximum | 1 | 1600 | Rs 120,000 |
| HNI – minimum | 2 | 3,200 | Rs 240,000 |
IPO Reservation of Pratham EPC Projects Limited
| Category Of Investors | Equity Shares Offered |
| Equity shares offered to Qualified Institutional Investors | Not more than 50 percent of the Net Issue |
| Equity shares offered to the Retail Investors | Not less than 35 percent of the Net Issue |
| Equity shares offered to Non-Institutional Investors | Not less than 15 percent of the Net Issue |
Promoters of Pratham EPC Projects Limited and Their Holdings
The promoters of Pratham EPC Projects company are Mr. Nayankumar Manubhai Pansuriya and Mr. Pratikkumar Maganlal Vekariya.
| Shareholding Pre Issue | 100 percent |
| Shareholding Post Issue | 72.97 percent |
Key Performance Indicator of Pratham EPC Projects Limited IPO
| KPI | Values |
| ROE | 45.1 |
| ROCE | 24.81 |
| RoNW | 22.55 |
| P/BV | 4.19 |
| PAT Margin | 15.26% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.9 | 5.89 |
| P/E (x) | 12.72 | 12.72 |
Lead Manager(s) of Pratham EPC Projects IPO
The lead manager for Pratham EPC Projects IPO is Beeline Capital Advisors Private Limited.
How do you apply for the Pratham EPC Projects IPO?
Wait for the public issue to open for subscription, then visit Bigul website to apply for the Pratham EPC Projects Limited IPO with Bigul.
How do you check the allotment status of Pratham EPC Projects IPO?
The registrar for Pratham EPC Projects IPO is Link Intime India Private Limited. To check your allotment status, please click here.
FAQs
- What is Pratham EPC Projects IPO 2024?
Pratham EPC Projects IPO is a book-built issue of Rs 36 crores. This upcoming IPO issue is completely a fresh issue of 48 lakh equity shares. The allotment for this IPO is expected to be finalised on Thursday, March 14, 2024. The price is decided at Rs 71 to Rs 75 per share. The minimum lot size of this application for the retail category is 1600 shares.
- Who are the lead managers for the Pratham EPC Projects Limited IPO?
Beeline Capital Advisors Private Limited is appointed as the lead manager for the IPO.
- What is the role of Link Intime India Limited in this IPO?
Link Intime India Limited is the registrar for Pratham EPC Projects Limited, handling the IPO’s administrative aspects.
- How can I apply for the Pratham EPC Projects IPO?
The public subscription of this IPO will open on March 11, 2024. Visit the Bigul website for the application process.
- How will the net proceeds from the IPO be utilised?
The sum received from this initial public offer will be utilised for the purchase of machinery. Other than this, the net proceeds will be used to meet the working capital requirements and general corporate purposes will also be covered.
- How can I check the allotment status of the IPO?
Investors can check the allotment status of the Pratham EPC Projects Limited IPO 2024 by visiting here.
- What is the financial performance of Pratham EPC Projects Limited?
The company reported a revenue of Rs 3,581.37 lakhs and profit after tax of Rs 523.41 lakhs for the period ending on 30 September 2023. The revenue increased by 2.07% and profit after tax rose by 73.14% between the FY ending with 31 march 2023 and 31 march 2022.