Pratham EPC Projects IPO: The IPO of Pratham EPC Projects will open on 11 March and close on 13 March. Today in this article we will learn about Pratham EPC Projects IPO GMP, price band, Lot Size, allotment, Listing, etc.
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Pratham EPC Projects IPO Details
Pratham EPC Projects IPO company is going to float its shares in the stock market. The IPO of Pratham EPC Projects will open on Monday, March 11, 2024, and close on Wednesday, March 13, 2024.
| PO Dates | March 11, 2024 to March 13, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,800,000 shares |
| Fresh Issue | 4,800,000 shares |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,960,000 |
| Shareholding pre-issue | 17,760,000 |
Pratham EPC Projects IPO price
Pratham EPC Projects IPO is a book-built issue of Rs 36 crore. This issue is a completely fresh issue of 48 lakh shares. The price band of the first EPC Projects IPO has been fixed at Rs 71 to Rs 75 per share.
Pratham EPC Projects IPO Lot Size
The lot size of the first EPC Projects IPO is 1600 shares and investors can bid in multiples thereof. Retail investors will have to invest a minimum of Rs 120,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
Pratham EPC Projects IPO Allotment
The shares will be allotted to the investors who stake in the Pratham EPC Projects IPO on March 14, 2024. Whereas a refund will be given on March 15, 2024.
| Event | Date |
|---|---|
| IPO Open Date | Monday, March 11, 2024 |
| IPO Close Date | Wednesday, March 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 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 |
Pratham EPC Projects IPO Listing
After the closure of the IPO, the listing of the company’s shares will take place on NSE, SME on March 18, 2024. 50% of the IPO is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors. The face value of Pratham EPC Projects shares is ₹10 per share.
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Company Promoter
Mr. Nayankumar Mannoobhai Pansuriya and Mr. Preetakumar Maganlal Vekaria are the promoters of the company. Currently, the stake of the company promoters is 100%, which will reduce to 72.97% after the IPO.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the Pratham EPC Projects IPO, while Link Intime India Pvt Ltd is the registrar of the issue. The market maker for the first EPC Projects IPO is Separate X Securities.
Pratham EPC Projects IPO GMP
According to the Investor Gain report, Pratham EPC Projects is trading at a premium of Rs 88 in the gray market today. According to this, the listing of IPO can be Rs 163. And investors can make a profit of more than 117 percent on the very first day.
About Pratham EPC Projects Ltd
Pratham EPC Projects Ltd was established in 2014. The company provides end-to-end services to oil and gas utilities in India. Pratham EPC Projects Limited has expertise in integrated engineering, procurement, construction, and commissioning. The company undertakes gas pipeline projects including welding, testing, and commissioning.
The company will use the proceeds from the IPO to purchase machinery, meet working capital requirements, and meet general corporate objectives.
Disclaimer
The information given on Dash News 24 does not constitute any investment advice. Before investing in the share market, consult your financial advisor.
