Pratham EPC Projects IPO is a book built issue of Rs 36.00 crores. The issue is entirely a fresh issue of 48 lakh shares.
Pratham EPC Projects IPO opens for subscription on March 11, 2024 and closes on March 13, 2024. The allotment for the Pratham EPC Projects IPO is expected to be finalized on Thursday, March 14, 2024. Pratham EPC Projects IPO will list on NSE SME with tentative listing date fixed as Monday, March 18, 2024.
Pratham EPC Projects IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Pratham EPC Projects IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Pratham EPC Projects IPO is Spread X Securities.
Refer to Pratham EPC Projects IPO RHP for detailed information.
Pratham EPC Projects IPO Details
| IPO Date | March 11, 2024 to March 13, 2024 |
| Listing Date | [.] |
| 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 |
Pratham EPC Projects IPO Reservation
| 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 |
Pratham EPC Projects IPO Timeline (Tentative Schedule)
Pratham EPC Projects IPO opens on March 11, 2024, and closes 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 |
Pratham EPC Projects IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
| Lot Size Calculator | |||
Pratham EPC Projects IPO Promoter Holding
The Promoters of the company are Mr. Nayankumar Manubhai Pansuriya and Mr. Pratikkumar Maganlal Vekariya
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.97% |
About Pratham EPC Projects Limited
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.
Pratham EPC Projects Limited Financial Information (Restated Standalone)
Pratham EPC Projects Limited’s revenue increased by 2.07% and profit after tax (PAT) rose by 73.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,643.75 | 4,849.75 | 2,850.17 | 2,041.93 |
| Revenue | 3,581.37 | 5,167.29 | 5,062.66 | 3,085.03 |
| Profit After Tax | 523.41 | 764.12 | 441.32 | 112.85 |
| Net Worth | 2,321.26 | 1,797.86 | 1,033.73 | 592.41 |
| Reserves and Surplus | 1,025.26 | 1,716.86 | 952.73 | 511.41 |
| Total Borrowing | 952.27 | 1,418.83 | 246.26 | 199.48 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Pratham EPC Projects IPO is Rs 133.2 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 45.10 |
| ROCE | 24.81 |
| RoNW | 22.55 |
| P/BV | 4.19 |
| PAT Margin (%) | 15.26 |
Check Pratham EPC Projects IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.9 | 5.89 |
| P/E (x) | 12.72 | 12.72 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Pratham EPC Projects IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Pratham EPC Projects Limited Contact Details
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 Registrar
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