Pratham EPC Projects IPO: The company is going to float its shares in the stock market. The IPO of the first EPC project will open on March 11 and will close on March 13. The price band of the first EPC Projects IPO has been fixed at Rs 71 to Rs 75 per share. Today in this article we are going to know about Pratham EPC Projects IPO GMP, Lot Size, allotment, Listing, price band etc. Which is mentioned below.
Pratham EPC Projects IPO price
Pratham EPC Projects IPO price: The price band of Pratham EPC Projects IPO has been fixed at Rs 71 to Rs 75 per share. Pratham EPC Projects IPO is a book built issue of Rs 36 crore, which is entirely a fresh issue of 48 lakh shares.
Pratham EPC Projects IPO Details: As Far As We Know
| IPO Date | March 11, 2024 – March 13, 2024 |
| Listing Date | – |
| Share holding pre issue | 12,960,000 |
| Share holding post issue | 17,760,000 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Listing At | NSE SME |
| Fresh Issue | 4,800,000 shares |
| Issue Type | Book Built Issue IPO |
| Total Issue Size | 4,800,000 shares |
If you are definitely thinking of investing in IPO, then this can be a good news for you. Pratham EPC Projects IPO company is going to flag off its shares in the stock market on Monday. The IPO of Pratham EPC Projects will open on March 11, 2024 and close on March 13, 2024. In which you will also get shares of Pratham EPC Projects IPO company included in the market.
Pratham EPC Projects IPO Lot Size
| Application | Shares | Lots | Amount |
| HNI (Min) | 3,200 | 2 | ₹240,000 |
| Retail (Min) | 1600 | 1 | ₹120,000 |
| Retail (Max) | 1600 | 1 | ₹120,000 |
Pratham EPC Projects IPO Listing
| 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 |
The face value of Pratham EPC Projects shares is ₹10 per share. 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. 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 to the issue.
Pratham EPC Projects IPO Allotment
Talking about the allotment of Pratham EPC Projects IPO, the basis of allotment for Pratham EPC Projects IPO will be finalized on Thursday, March 14, 2024 and the allotted shares will be credited to your demat account by Friday, March 15, 2024. . That is, shares will be allotted to investors who stake in the first EPC Projects IPO on March 14, 2024. Whereas refund will be given on March 15, 2024.
| Event | Date |
| IPO Open Date | Monday, March 11, 2024 |
| IPO Close Date | Wednesday, March 13, 2024 |
| Listing Date | Monday, March 18, 2024 |
| Credit of Shares to Demat | Friday, March 15, 2024 |
| Basis of Allotment | Thursday, March 14, 2024 |
| Initiation of Refunds | Friday, March 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 13, 2024 |
Pratham EPC Projects Ltd About
The company will use the proceeds from the IPO to purchase machinery and meet working capital requirements and to meet general corporate objectives. Pratham EPC Projects Limited was started in the year 2014. The company provides end to end services to oil and gas utilities in India. Pratham EPC Projects Limited specializes in integrated engineering, procurement, construction and commissioning. The company also undertakes gas pipeline project work including welding, testing, and commissioning.
Pratham EPC Projects IPO GMP
According to Investorgain report, The final GMP of Pratham EPC Projects SME IPO is ₹88. According to this, the listing of IPO can be Rs 163. And investors can make profits of over 117 percent on the very first day. Based on the gray market activities of the last 8 sessions, today’s IPO GMP points to an upside and is expected to have a strong listing.
Pratham EPC Projects IPO Promoters
The promoters of Pratham EPC Projects Limited are Pratik Kumar Maganlal Vekaria (Chairman and Managing Director) and Nayankumar Manubhai Pansuriya (Whole-time Director), both of whom have rich experience of 16 years in the business. The issue size is Rs 36 crore. Currently the stake of the company promoters is 100%, which will reduce to 72.97% after the IPO. The market maker for the first EPC Projects IPO is Separate X Securities. 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 to the issue.
Disclaimer
The information given on todaytazakhabar.com is not any investment advice. This information is mentioned for you as a news and reading matter, and does not make any kind of claim. Before investing in the share market, definitely consult your financial advisor.
Read More- Swiggy Viral Video: Man ordered food worth ₹42 lakh