Pratham EPC Projects IPO Review

 
Pratham EPC Projects IPO Review

IPO Open Date: March 11, 2024

IPO Close Date: March 13, 2024

IPO Price: ₹71 to ₹75 per share

Lot Size: 1600 Shares

Listing: March 18, 2024

Pratham EPC Projects is scheduled to hit the market on March 11, 2024 and close on March 13, 2024. Pratham EPC Projects plans to raise around ₹36.00 Cr through an IPO with a sale of up to 4,800,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Pratham EPC Projects Limited, established in 2014, offers comprehensive services to oil and gas utilities in India, specializing in integrated engineering, procurement, construction, and commissioning. The company excels in gas pipeline projects, handling tasks such as welding, testing, and commissioning, along with expertise in oil and gas pipelines and offshore water distribution projects. Pratham is recognized for its certifications in customer satisfaction, environmental management, occupational health and safety, and quality management through ISO standards.

With over 12 completed projects and a strong order book, Pratham EPC Projects Limited continues to showcase its capabilities in the industry. As of March 31st, 2023, the company has six major projects in progress, including confirmed projects worth approximately ₹ 19,397.33 lakhs and pending projects valued at ₹ 16,952.80 lakhs. One completed project with an order worth around ₹ 40,667.29 lakhs reflects a promising outlook for the company. Currently employing 770 individuals across various departments as of September 30, 2023, Pratham EPC Projects Limited stands as a significant player in the oil and gas sector in India.

Pratham EPC Projects


Pratham EPC Projects IPO Details

Pratham EPC Projects IPO opens on March 11, 2024, and closes on March 13, 2024. The Listing date for Pratham EPC Projects IPO is on March 18, 2024. The price band for IPO is ₹71 to ₹75 per share and lot size of 1600 Shares.

IPO DateMar 11, 2024 to Mar 13, 2024
Listing DateMar 18, 2024
Price₹71 to ₹75 per share
Lot Size1600 Shares
Issue Size₹36.00 Cr
Face Value₹10 per share

Pratham EPC Projects IPO Tentative Timetable

Pratham EPC Projects opening date is March 11, 2024 and close date is March 13, 2024. The IPO allotment date is March 14, 2024. The refund initiation of IPO is on March 15, 2024. The credit of shares in demat account is on March 15, 2024. The listing date is on March 18, 2024.

EventDate
IPO OpeningMar 11, 2024
IPO ClosingMar 13, 2024
IPO Allotment DateMar 14, 2024
Refund InitiationMar 15, 2024
Shares Credit to DematMar 15, 2024
Lisiting DateMar 18, 2024

Pratham EPC Projects IPO Lot Size

Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000).

CategoryLotsSharesAmount
Retail(Minimum)11600₹120,000
Retail(Maximum)11600₹120,000
HNI (Minimum)23200₹240,000

Pratham EPC Projects IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding72.97%

Pratham EPC Projects IPO Review

Pratham EPC Projects Ltd. (PEPL) is set to launch its initial public offering (IPO) in the market with a focus on gas pipeline infrastructure projects. With a strong client base including industry giants like Adani, GAIL, and BPCL, PEPL has been steadily growing since FY23, particularly with its emphasis on cross-country projects. The company's track record of successfully executing various gas pipeline projects, along with its specialization in oil & gas pipelines for cross-country and city gas distribution, positions PEPL as a promising player in the sector.

The financial performance of PEPL reflects a consistent growth trajectory, with increasing total income and net profits over the years. Notably, the company reported a significant jump in bottom line figures from FY23 onwards, attributed to its strategic focus on high-margin cross-country projects. With certifications for quality, environment management, and occupational health and safety systems, PEPL demonstrates a commitment to excellence in its operations. Investors considering PEPL's IPO may find the company's strong order book, steady financial performance, and growth potential in the gas pipeline industry as appealing factors for long-term investment.

PEPL's IPO details reveal a mobilization of Rs. 36.00 crore through 4,800,000 equity shares at a price band of Rs. 71-75 per share. The issue, managed by Beeline Capital Advisors Pvt. Ltd., is scheduled to open for subscription on March 11, 2024, and close on March 13, 2024. With plans to utilize the proceeds for machinery purchase, working capital, and general corporate purposes, PEPL aims to enhance its capabilities and expand its operations in the competitive oil & gas sector. Investors looking to capitalize on the growth potential of the gas pipeline industry may find PEPL's IPO offering an opportunity to consider for potential medium to long-term rewards.

Pratham EPC Projects IPO Subscription Status (Bidding Details)

Table not found

Pratham EPC Projects IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Pratham EPC Projects IPO FAQs

What is Pratham EPC Projects IPO?

Pratham EPC Projects is issuing 4,800,000 equity shares with a face value of ₹10 each, totaling up to ₹36.00 Cr. The shares are being offered at a price of ₹71 to ₹75 each, with a minimum order quantity of 1600 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Pratham EPC Projects IPO will open?

Pratham EPC Projects will open on March 11, 2024 for QIB, NII, and Retail Investors.

When Pratham EPC Projects IPO will end?

Pratham EPC Projects will end on March 13, 2024.

What is Pratham EPC Projects IPO Size?

Pratham EPC Projects IPO size is 36.00 Cr.

What is Pratham EPC Projects IPO Price Band?

Pratham EPC Projects price band is 71 to ₹75 per share.

What is the Pune E-Stock Broking IPO Allotment Date?

Pune E-Stock Broking allotment date is March 14, 2024.

What is the Pratham EPC Projects IPO Listing Date?

Pratham EPC Projects listing date is March 18, 2024. The IPO is to be listed on BSE and NSE.

How to Pratham EPC Projects IPO through Zerodha?

To apply for the IPO “Pratham EPC Projects” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Pratham EPC Projects IPO through Upstox?

To apply for the IPO “Pratham EPC Projects” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Pratham EPC Projects IPO Allotment Status?

For Pratham EPC Projects IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Pratham EPC Projects IPO GMP?

You can check out here: Pratham EPC Projects IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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