Pratham EPC Projects IPO Opens Today: Check GMP, Price Band, Allotment Date & Other Key Details
It is a brand new issue of 48 lakh shares and the lot size is 1,600 shares. The minimum investment amount required by retail investors is ₹120,000.
The initial public offering (IPO) of Pratham EPC Projects opened for subscription on March 11 and closes on March 14.
Pratham EPC Projects IPO Price Range:
The IPO will be issued with the price band of Rs ₹71 to ₹75 per share. The company is looking to raise ₹36 crore through this issue.
Pratham EPC Projects IPO LOT Size
It is a brand new issue of 48 lakh shares and the lot size is 1,600 shares. The minimum investment amount required by retail investors is ₹120,000.
Pratham EPC Projects IPO Objectives:
The funds raised through the IPO will be used to meet working capital requirements, purchase machinery and general corporate purposes as directed by the company.
Pratham EPC Projects IPO Allocation:
The allocation can be completed by March 14.
Pratham EPC Projects IPO list:
Shares of Pratham EPC Projects are likely to be listed on NSE SME on March 18.
Pratham EPC Projects IPO Book-Running Lead Manager & Registrar:
The registrar of the issue is Beeline Capital Advisors Pvt Ltd. Link Intime India Private Ltd is the lead manager of Pratham EPC Projects’ IPO.
Pratham EPC Projects IPO Company Details
The company mainly deals with oil and gas companies in India. It is known for integrated procurement, engineering, construction and commissioning.
Pratham EPC Projects IPO Promoters
The promoters of the company are Pratikkumar Vekariya & Nayankumar Pansuriya. In the financial year ended March 2023, the company’s net profit rose to ₹7.64 crore, compared to ₹4.41 crore in the previous year.
Pratham EPC Projects IPO GMP today: Pratham EPC Projects IPO gray market premium today stands at ₹35 per share, implying that shares of Pratham EPC Projects were trading at a premium of 46.67%.