Pratham EPC Projects Limited

11 Mar 2024 - 13 Mar 2024 Individual Category SME IPO NSE

Min Investment

₹227200

Price Band

₹71-₹75

Issue Size

34.34 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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11 Mar 2024

Open Date

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13 Mar 2024

Close Date

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TBI

Allotment Date

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18 Mar 2024

Listing Date

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.

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About Pratham Epc Projects Limited

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.

Founded

2014

Managing Director

Pratikkumar Maganlal Vekariya

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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