Pratham EPC Projects Limited IPO

Price
₹71 - ₹75
Lot
1600
Subs.
178.54
Expected Listing Earning

Exp. Premium(GMP):
85.00(113.33%)
IPO Details

Open Date: 11-Mar-2024
Close Date: 13-Mar-2024
Allotment Date: 14-Mar-2024
Listing Date: 18-Mar-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹71-75 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹120,000 : HNI - ₹240,000
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved912,000684,8001,596,8003,193,600
Day 1 - 11-03-24 
05:00 PM
0.03x10.50x21.76x13.14x
Day 2 - 12-03-24 
05:00 PM
1.35x52.51x74.88x49.09x
Day 3 - 13-03-24 
05:00 PM
70.28x320.53x179.48x178.54x
Total No. of Application:179,125 (Approx.)
Retail Subscription on the basis of Apps:179.48x
Valuations

Earning Per Share(EPS)5.9/-
P/E Ratio12.72
RoNW22.55%
Net Asset Value (NAV) - Post Issue:13.87/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20234,643.753,581.37523.41
31 Mar,20234,849.755,167.29764.12
31 Mar,20222,850.175,062.66441.32
31 Mar,20212,041.933,085.03112.85
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding72.97%
Company Promoter(s)
1. Mr. Nayankumar Manubhai Pansuriya
2. Mr. Pratikkumar Maganlal Vekariya
Issue Objective(s)

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.
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 ₹ 13,184.10 lakhs. As of March 31st, 2023, the company has six major projects. Five of them worth approximately ₹ 19,397.33 lakhs have been confirmed, but execution of projects worth ₹ 16,952.80 lakhs is still pending. One project has been completed with an order worth around ₹ 40,667.29 lakhs, indicating a healthy order book.

As of September 30, 2023, the company employed 770 people in various departments.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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