What you must know about Pratham EPC Projects IPO?
by 5paisa Research Team
04 Mar 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 18-Mar-24
- IPO Price Range ₹ 71
- Listing Price ₹ 113.3
- Listing Change 59.6%
- Last Traded Price ₹ 276.2
- Current Change 289.0%
Pratham IPO Details
- Open Date 11-Mar-24
- Close Date 13-Mar-24
- Lot Size 1600
- IPO Size ₹ 36.00 Cr
- IPO Price Range ₹ 71
- Min Investment ₹ 113,600
- Listing Exchange NSE SME
- Basis of Allotment 14-Mar-24
- Refunds 15-Mar-24
- Credit to Demat Account 15-Mar-24
- Listing Date 18-Mar-24
Pratham EPC Projects IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 11-Mar-24 | 0.03 | 10.43 | 21.57 | 13.03 |
| 12-Mar-24 | 1.35 | 52.41 | 74.37 | 48.81 |
| 13-Mar-24 | 70.28 | 320.53 | 179.48 | 178.54 |
Pratham IPO Synopsis
Pratham EPC Projects Limited IPO is all set to open from 11th March to 13th March 2024. It is an integrated engineering, procurement, construction and commissioning company. The IPO includes a fresh issue of 4,800,000 shares worth ₹36 cr. The share allotment date is 14th March 2024, and the IPO will be listed on 18th March 2024 on the stock exchanges. The price band is ₹71 to ₹75 and the lot size is 1600 shares.
Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Pratham EPC IPO:
Pratham EPC Projects Limited plans to utilize the raised capital from the IPO to:
● To fund the purchase of machinery.
● For working capital requirements.
● General corporate purposes.
About Pratham EPC Projects
Pratham EPC Projects Limited is an integrated engineering, procurement, construction and commissioning company offering Oil & Gas pipeline infrastructure services. The company undertakes the installation of pipeline networks along with the construction of associated facilities. It also offers Operations & Maintenance services to the City Gas Distribution (“CGD”) Companies It provides end-to-end services to Oil & Gas distribution companies in India.
There are two business verticals:
● Gas & Oil Pipeline Projects
● Water Pipeline Projects
As of February 2024, Pratham EPC Projects has 8 projects on an ongoing basis.
Peer Comparison
● Likhitha Infrastructure Limited
For More Information:
Webstory on Pratham EPC Projects IPO
Pratham EPC Projects Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 50.20 | 50.46 | 30.58 |
| EBITDA | 10.15 | 6.57 | 2.04 |
| PAT | 7.64 | 4.41 | 1.13 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 48.49 | 28.50 | 20.41 |
| Share Capital | 0.81 | 0.81 | 0.81 |
| Total Borrowings | 30.51 | 18.16 | 14.49 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -7.62 | 10.40 | 2.94 |
| Net cash from / (used in) investing activities | -8.68 | -4.98 | -2.65 |
| Net cash flow from / (used in) financing activities | 11.02 | -0.051 | -0.84 |
| Net increase (decrease) in cash and cash equivalents | -5.28 | 5.36 | -0.56 |
Pratham IPO Key Points
-
Strengths
1. The company has end-to-end execution capabilities.
2. The company has a focus on improving its execution process, capabilities, and skill gradation of employees.
3. It has showcased growth with a robust order book.
4. The company has long-standing relationships with our customers.
5. The company’s management team is well-experienced.
-
Risks
1. The company is dependent on a few suppliers for purchases of products.
2. High working capital requirements.
3. It is exposed to significant risks on fixed-price or lump-sum turnkey contracts.
4. It has reported negative cash flows in the past.
5. It faces high competition.
Pratham
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Pratham IPO FAQs
When does the Pratham EPC Projects IPO opens and closes?
Pratham EPC Projects IPO opens from 11th March to 13th March 2024.
What is the size of the Pratham EPC Projects IPO?
The size of Pratham EPC Projects IPO is ₹36 cr.
How to apply for the Pratham EPC Projects IPO?
To apply for Pratham EPC Projects IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Pratham EPC Projects IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Pratham EPC Projects IPO?
The price band of Pratham EPC Projects IPO is fixed at ₹71 to ₹75 per share.
What is the minimum lot size and investment required for the Pratham EPC Projects IPO?
The minimum lot size of Pratham EPC Projects IPO is 1600 shares and the investment required is ₹1,13,600.
What is the allotment date of the Pratham EPC Projects IPO?
The share allotment date of Pratham EPC Projects IPO is 14th March 2024.
What is the Pratham EPC Projects IPO listing date?
The Pratham EPC Projects IPO will be listed on 18th March 2024.
Who are the book runners for the Pratham EPC Projects IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager for Pratham EPC Projects IPO.
What is the objective of Pratham EPC Projects IPO?
Pratham EPC Projects plans to utilize the raised capital from the IPO to:
1. To fund the purchase of machinery.
2. For working capital requirements.
3. General corporate purposes.
Contact Details of Pratham EPC Projects IPO
Contact Information
Pratham EPC Projects Limited
A-1101, Sankalp Iconic,
Opp. Vikram Nagar Iscon Temple Cross Road,
S.G. Highway,
Ahmedabad-380054
Phone: 079-40037008
Email: cs@prathamepc.com
Website: https://www.prathamepc.com/
Pratham EPC Projects IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: prathamepc.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Pratham EPC Projects IPO Lead Manager
Beeline Capital Advisors Pvt Ltd
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