Pratham EPC Projects IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Mar 11 to Mar 13 2024
Price Band
₹71 - 75
Current GMP
₹113.3 (51%)
Subscription
177.84 times
IPO Details
| IPO Date | March 11, 2024 to March 13, 2024 |
| Listing Date | Monday, March 18, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,800,000 shares (aggregating up to ₹36.00 Cr) |
| Fresh Issue | 4,800,000 shares (aggregating up to ₹36.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,960,000 |
| Share holding post issue | 17,760,000 |
| Market Maker portion | 240,000 shares Spread X Securities |
IPO Date
March 11, 2024 to March 13, 2024
Listing Date
Monday, March 18, 2024
Face Value
₹10 per share
Price Band
₹71 to ₹75 per share
Lot Size
1600 Shares
Total Issue Size
4,800,000 shares (aggregating up to ₹36.00 Cr)
Fresh Issue
4,800,000 shares (aggregating up to ₹36.00 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
12,960,000
Share holding post issue
17,760,000
Market Maker portion
240,000 shares Spread X Securities
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 70.28 |
| Non-Institutional Buyers* | 320.31 |
| Retail Investors | 178.17 |
| Total ** | 177.84 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
70.28
Non-Institutional Buyers*
320.31
Retail Investors
178.17
Total **
177.84
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Mar 11, 2024 | 0.03 | 10.50 | 21.76 | 13.14 |
| Day 2 Mar 12, 2024 | 1.35 | 52.51 | 74.88 | 49.09 |
| Day 3 Mar 13, 2024 | 70.28 | 320.31 | 178.17 | 177.84 |
DayDay 1
Mar 11, 2024
QIB0.03
NII*10.50
Retail21.76
Total13.14
DayDay 2
Mar 12, 2024
QIB1.35
NII*52.51
Retail74.88
Total49.09
DayDay 3
Mar 13, 2024
QIB70.28
NII*320.31
Retail178.17
Total177.84
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 18-03-2024 | 75.00 | 27 (36%) | 102 |
| 17-03-2024 | 75.00 | 27 (36%) | 102 |
| 16-03-2024 | 75.00 | 26 (34.67%) | 101 |
| 15-03-2024 | 75.00 | 26 (34.67%) | 101 |
| 14-03-2024 | 75.00 | 25 (33.33%) | 100 |
| 13-03-2024 | 75.00 | 25 (33.33%) | 100 |
| 12-03-2024 | 75.00 | 70 (93.33%) | 145 |
| 11-03-2024 | 75.00 | 85 (113.33%) | 160 |
| 10-03-2024 | 75.00 | 95 (126.67%) | 170 |
| 09-03-2024 | 75.00 | 88 (117.33%) | 163 |
| 08-03-2024 | 75.00 | 88 (117.33%) | 163 |
| 07-03-2024 | 75.00 | 88 (117.33%) | 163 |
| 06-03-2024 | 75.00 | 80 (106.67%) | 155 |
| 05-03-2024 | 75.00 | 80 (106.67%) | 155 |
| 04-03-2024 | 75.00 | 65 (86.67%) | 140 |
| 03-03-2024 | 75.00 | 35 (46.67%) | 110 |
| 02-03-2024 | 75.00 | 0 (0%) | 75 |
Date18-03-2024
Price75.00
GMP27 (36%)
Estimate List Price102
Date17-03-2024
Price75.00
GMP27 (36%)
Estimate List Price102
Date16-03-2024
Price75.00
GMP26 (34.67%)
Estimate List Price101
Date15-03-2024
Price75.00
GMP26 (34.67%)
Estimate List Price101
Date14-03-2024
Price75.00
GMP25 (33.33%)
Estimate List Price100
Date13-03-2024
Price75.00
GMP25 (33.33%)
Estimate List Price100
Date12-03-2024
Price75.00
GMP70 (93.33%)
Estimate List Price145
Date11-03-2024
Price75.00
GMP85 (113.33%)
Estimate List Price160
Date10-03-2024
Price75.00
GMP95 (126.67%)
Estimate List Price170
Date09-03-2024
Price75.00
GMP88 (117.33%)
Estimate List Price163
Date08-03-2024
Price75.00
GMP88 (117.33%)
Estimate List Price163
Date07-03-2024
Price75.00
GMP88 (117.33%)
Estimate List Price163
Date06-03-2024
Price75.00
GMP80 (106.67%)
Estimate List Price155
Date05-03-2024
Price75.00
GMP80 (106.67%)
Estimate List Price155
Date04-03-2024
Price75.00
GMP65 (86.67%)
Estimate List Price140
Date03-03-2024
Price75.00
GMP35 (46.67%)
Estimate List Price110
Date02-03-2024
Price75.00
GMP0 (0%)
Estimate List Price75
IPO Important Dates
| IPO Open Date | Monday, March 11, 2024 |
| IPO Close Date | Wednesday, 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 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 13, 2024 |
IPO Open Date
Monday, March 11, 2024
IPO Close Date
Wednesday, 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
Cut-off time for UPI mandate confirmation
5 PM on March 13, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹120,000
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹120,000
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹240,000
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,643.75 | 4,849.75 | 2,850.17 |
| Revenue | 3,581.37 | 5,167.29 | 5,062.66 |
| Profit After Tax | 523.41 | 764.12 | 441.32 |
| Net Worth | 2,321.26 | 1,797.86 | 1,033.73 |
| Reserves and Surplus | 1,025.26 | 1,716.86 | 952.73 |
| Total Borrowing | 952.27 | 1,418.83 | 246.26 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 20234,643.75
31 Mar 20234,849.75
31 Mar 20222,850.17
Period EndedRevenue
30 Sep 20233,581.37
31 Mar 20235,167.29
31 Mar 20225,062.66
Period EndedProfit After Tax
30 Sep 2023523.41
31 Mar 2023764.12
31 Mar 2022441.32
Period EndedNet Worth
30 Sep 20232,321.26
31 Mar 20231,797.86
31 Mar 20221,033.73
Period EndedReserves and Surplus
30 Sep 20231,025.26
31 Mar 20231,716.86
31 Mar 2022952.73
Period EndedTotal Borrowing
30 Sep 2023952.27
31 Mar 20231,418.83
31 Mar 2022246.26
Key Performance Indicator
| ROE | 45.10 |
| ROCE | 24.81 |
| RoNW | 22.55 |
| P/BV | 4.19 |
| PAT Margin (%) | 15.26 |
| EPS (Rs) | 5.9 |
ROE
45.10
ROCE
24.81
RoNW
22.55
P/BV
4.19
PAT Margin (%)
15.26
EPS (Rs)
5.9
IPO Reservation
| Anchor Investor Shares Offered | 1,366,400 (28.47%) |
| Market Maker Shares Offered | 240,000 (5.00%) |
| QIB Shares Offered | 912,000 (19.00%) |
| NII (HNI) Shares Offered | 684,800 (14.27%) |
| Retail Shares Offered | 1,596,800 (33.27%) |
| Total Shares Offered | 4,800,000 (100%) |
Anchor Investor Shares Offered
1,366,400 (28.47%)
Market Maker Shares Offered
240,000 (5.00%)
QIB Shares Offered
912,000 (19.00%)
NII (HNI) Shares Offered
684,800 (14.27%)
Retail Shares Offered
1,596,800 (33.27%)
Total Shares Offered
4,800,000 (100%)
Information about company
Established in 2014, Pratham EPC Projects Limited provides end-to-end services to oil and gas utilities in India. The company specializes in integrated engineering, procurement, construction, and commissioning.The company undertakes gas pipeline projects including welding, testing, and commissioning. Pratham specializes in oil and gas pipelines and offshore water distribution projects and undertakes tendering and management.The company is certified by renowned organizations as follows: ISO 10002:2018 for customer satisfaction, ISO 14001:2015 for environmental management, ISO 18001:2007 for occupational health and safety, and ISO 9001:2015 for quality management.The company has completed more than 12 projects, with the largest projects totaling approximately â¹ 13,184.10 lakhs. As of March 31st, 2023, the company has six major projects. Five of them worth approximately â¹ 19,397.33 lakhs have been confirmed, but execution of projects worth â¹ 16,952.80 lakhs is still pending. One project has been completed with an order worth around â¹ 40,667.29 lakhs, indicating a healthy order book.As of September 30, 2023, the company employed 770 people in various departments.
Objectives of IPO
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.
Disclaimer
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