March 18, 2024
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Pratham EPC Projects IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Pratham EPC Projects IPO Post Listing Review:
On 18th March, the scrip is listed at Rs. 113, premium of 51.07% over the issue-price of Rs. 75. The IPO commanded last premium of Rs. 25, and this listing has been much above the expectations of grey market.
Check Subscription status of Pratham EPC Projects IPO
On 13 March 2024 5.00 am (Day 3) (Closed)
Review: response improved on last day
QIB: 2280000 Shares 70.28 T
NII: 684000 Shares 320.53 T
RII: 1596000 Shares 179.48 T
Total: 4560000 Shares 178.54 T
What is the business of Pratham EPC Projects?
Based at Ahmedabad, Pratham EPC Projects Limited is an integrated engineering, procurement, construction and commissioning company being in business of end-to end service providers to Oil & Gas distribution companies in India.
The company has been executing various gas pipeline project handling all pipeline activities like, mainline
welding, tie-in, coating, hydro testing, pipeline commissioning etc. Pratham specialize in oil & gas pipelines for cross country distribution and city gas distribution. It also undertakes offshore projects for water distribution specifically project bidding & project management.
It is an Oil & Gas pipeline infrastructure service provider in India, focused on laying pipeline networks along with construction of associated facilities; and providing Operations & Maintenance services to the City Gas Distribution (“CGD”) Companies in India. It is an integrated EPC company offering a diversified range of pipeline and allied services for oil & gas industry. It provides its services for cross country pipeline projects for different applications viz. Oil, gas & water etc. and also undertake Pipeline laying work on Turnkey basis including engineering, procurement, pipeline construction for city gas distribution, horizontal direction drilling, stations including civil, electromechanical and instrumentation for its clients. The company is ISO 10002:2018 certified for customer satisfaction and complaint management system by International Standards Registrations, ISO 14001:2015 certified for environment management system by International Standards Registrations, ISO 18001:2007 certified for Occupational Health and Safety management system by International Standards Registrations and ISO 9001:2015 certified for quality management system by ROHS Certification Private Limited.
Over the years, it has successfully executed more than 12 projects with our major completed projects quantifying to approximately Rs. 13,184.10 Lakhs. As at February 23, 2024, it has 8 major on-going projects out of which 7 projects worth approximately Rs 29,666.33 Lakhs has been confirmed
based on Letter of Allocation / Purchase Order for which Rs 24,015.61 Lakhs worth project execution is pending and 1 project has been finalized with Purchase Order, which is worth approximately Rs, 40,667.29 Lakhs, based on management estimates, suggesting its strong order book.
Get more information about the company @ https://www.prathamepc.com/
| Pratham EPC Projects IPO Details | |
| IPO opens on | 11 March 2024 |
| IPO closes on | 13 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4800000 Sh /Rs 36.00 Cr |
| * Fresh Issue | 4800000 Sh /Rs 36.00 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 240000 Sh. |
| Net offer to Public | 4560000 Sh./Rs.34.20 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 71-75 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in Pratham EPC Projects IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 2280000 | 17.10 |
| NII (15%) | 684000 | 5.13 |
| RII (35%) | 1596000 | 11.97 |
| Total Shares | 4560000 | 34.20 |
| Retail portion will be oversubscribed by | 998 | |
| Forms | ||
| How much Shares to Apply in Pratham EPC Projects IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 120000 |
| Min HNI Application | 3200 Sh | Rs.240000 |
Who are the Promoters of Pratham EPC Projects IPO?
The Promoters of the company are Mr. Nayankumar Manubhai Pansuriya and Mr. Pratikkumar Maganlal Vekariya
What are the Objects of Pratham EPC Projects IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Purchase of Machinery.
To Meet Working Capital Requirements.
General Corporate Purpose.
| Pratham EPC Projects IPO Tentative timetable | |
| IPO opens on | 11 March 2024 |
| IPO Closes on | 13 March 2024 |
| IPO Allotment on | 14 March 2024 |
| Refund Initiation | 15 March 2024 |
| Credit of Shares | 15 March 2024 |
| Listing on | 18 March 2024 |
| Registered Office of the Company Pratham EPC Projects Limited A-1101, Sankalp Iconic, Opp. Vikram Nagar Iscon Temple Cross Road, S.G. Highway, Ahmedabad-380054 |
| Who is the Lead Manager of Pratham EPC Projects IPO? Beeline Capital Advisors Pvt Ltd |
| Who is the Registrar to IPO? Link Intime India Private Ltd |
| Pratham EPC Projects IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 30.85 | 1.13 | 0.87 | 19.05 |
| 2021-22 | 50.63 | 4.41 | 3.41 | 42.69 |
| 2022-23 | 51.67 | 7.61 | 5.90 | 42.50 |
| Book Value of the Share on | 31.03.2023 | Rs 13.87 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 75 | |||
| Pratham EPC Projects IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 12.71 |
| Price/BV Ratio | 5.40 |
| Upper price/BV after IPO | |
How Pratham EPC Projects IPO compares with the Peers?
| As per RHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
| Pratham EPC Projects | 10 | 50.20 12.71 | |
| Likhita Infrastructure | 10 | 350.77 | 15.47 |
| – | – | – | – |
| – | – | – | – |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Pratham EPC Projects IPO To the point Guidance
Pratham EPC Projects Limited is an integrated engineering, procurement, construction and commissioning company being in business of end-to end service providers to Oil & Gas distribution companies in India. Over the years, it has successfully executed more than 12 projects with our major completed projects quantifying to approximately Rs. 13,184.10 Lakhs. As at February 23, 2024, it has 8 major on-going projects.
Size: The net size of the IPO is Rs. 34.20 Cr comprising of 4560000 shares. Considering the recent IPO trends and hunger of the investors, the IPO is not very large, and it can get oversubscribed without any problem. With just 998 applications, the retail portion will get oversubscribed one time. The HNI portion is just Rs. 5.13 Cr, so huge oversubscription possible.
Financial Snapshot: The company has reasonably good topline and bottomline and the rise in the net profits appears to be normal, considering rise in the bottomline. The shares are offered at attractive valuation and there is some room for listing gains. May Apply.
Quicklinks
Pratham EPC Projects IPO GMP Detail IPO GMP today details?
Pratham EPC Projects IPO
Pratham EPC Projects IPO FAQs
What is Pratham EPC Projects IPO?
Pratham EPC Projects IPO is a SME IPO of 4560000 equity shares of the face value of Rs. 10 aggregating up to Rs.34.20 Crores. The issue is priced at Rs.71-75 per share. The minimum order quantity is 1600 Shares.
When will Pratham EPC Projects IPO open?
Pratham EPC Projects IPO opens on March 11, 2024, and closes on March 13, 2024.
What is the lot size of Pratham EPC Projects IPO?
Pratham EPC Projects IPO lot size is 1600 Shares, and the minimum amount required is Rs.120000.
How to apply for Pratham EPC Projects IPO?
You can apply in Pratham EPC Projects IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Pratham EPC Projects IPO allotment?
The finalization of Basis of Allotment for Pratham EPC Projects IPO will be done on March 14, 2024, and the allotted shares will be credited to your demat account by March 15, 2024.
When is Pratham EPC Projects IPO listing date?
Pratham EPC Projects IPO listing date is not yet announced. The tentative date of Pratham EPC Projects IPO listing is March 18, 2024.
