March 20, 2023
admin
Prospect Commodities IPO Analysis at Chanakyanipothi.com,
the Oldest & the most Trusted Investment Blog in India. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.
Prospect Commodities IPO Listing
The shares on 20 March 2023, got listed at Rs. 61 (Vs. Rs. 61 issue price) eg at par There was no fancy in the grey market for this IPO.
Prospect Commodities IPO Grey Market updates
GMP: Discount
Allotted Applications: No trades.
Prospect Commodities IPO Subscription Status
On 13 March 2023 @ 5.00 am (Closed)
NII: 582000 Shares, 06.85T
RII: 582000 Shares, 03.76T
Total: 1164000 Shares 05.31T
Prospect Commodities: Company Details
The Company is in the business of trading of cashew in to B2B Market. The Company is selling the Cashew to the wholesalers in the state of Gujarat only. Currently, the Company is not able to cater the demand of Gujarat State, hence it has not ventured to supply or develop market out of Gujarat. The cashews are packed in tin of 10 KG. The Company had instead of importing the RCN (Raw Cashew Nut) from other countries, which require to import in larger quantity and blocking of the Working Capital Fund, started buying the RCN from Gujarat who are importing from other countries and also from Kolam, Tuticorin and Manglore.
Its product includes Cashews of different grades and packed in 10 KG tin pack. The Grade of the cashew nuts are on the basis of size of the cashew nuts and colour of the cashew nuts. Our Company has following premium grades such as W400, W320, W240, W210 and W180, DW and SW.
During the Production the company also get the Broken cashew nuts, split cashew nuts which are also sold in the market. The products are processed under hygienic condition following the specific food grade standards recommended by the industry.
The cashew husk which is after processing RCN is also by product and the same is also sold to Tannery Industries by the Company. Company also sells Cashew Nut shell which is the basic raw material to produce CNSL Oil which is useful in many industries like Paint / Oil / Laminates etc.
For more information about the company, Click www.prospectcommodities.com
| Prospect Commodities IPO Details | |
| IPO opens on Tentative | 8 March 2023 |
| IPO closes on | 10 March 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1226000 Sh /Rs 7.48 Cr |
| * Fresh Issue | 1226000 Sh /Rs 7.48 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.61 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000Shares |
| Listing will at | BSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (0 %) | 0 | 0 |
| NII (50 %) | 582000 | 3.55 |
| RII (50 %) | 582000 | 3.55 |
| Total Shares | 1164000 | 7.10 |
| Retail portion will be oversubscribed by | 291 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 2000 Sh | Rs. 122000 |
| Max Retail Application | 4000 Sh | Rs. 244000 |
Promoters of the IPO
Vimal Mishra and Priyanka Mishra
Objects of the IPO:
The Company proposes to utilize the Net Proceeds from the Issue towards
1) Repayment of Unsecured Loans
2) Long-term working capital requirement
| IPO Tentative timetable | |
| IPO opens on | 8 March 2023 |
| IPO Closes on | 10 March 2023 |
| IPO Allotment on | 15 March 2023 |
| Unblocking of ASBA | 16 March 2023 |
| Credit of Shares | 17 March 2023 |
| Listing on | 20 March 2023 |
| Registered Office of the Company |
| 17, Sun Orbit B/h. Rajpath Club Road, Bodakdev, Ahmedabad – 380054, Gujarat, India. |
| IPO Lead Managers |
| INTERACTIVE FINANCIAL SERVICES Ltd |
| Registrar to the IPO |
| Bigshare Services Pvt Ltd. |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | – | – | – | – |
| 2020-21 | – | – | – | – |
| 2021-22 | – | – | – | – |
| Book Value of the Share on | 31.03.2022 | Rs.12.19 | ||
| Book Value of the Share | after the IPO | Rs.26.58 | ||
| Offer Price | Rs. 61 | |||
| Ratio Analysis | |
| Upper Price/last EPS | 3.64 |
| Upper price/BV Ratio | – |
| Upper price/BV after IPO | – |
–
Prospect Commodities IPO Peer Comparison:
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| The IPO Com.(8M) | 10 | 8.40 | 3.64 |
| Empyren Cashews | 10 | 52.29 | 104.35 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
>>Go to Mainboard IPOs Section: Click
>>Get Good Staff or Job, Click: Staffavailable.com
>>Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>>Get solid Guidance on Mutual fund Investments, Click: ChanakyaMFGuidance.com
>>Study Stock Research Reports, Click: AnalysisLibrary.com
>>Interested in Crossword Puzzles? Click: Magajmari.com
