IPO Details
Bidding Dates
10 Mar '24 - 12 Mar '24
Minimum Investment
₹120,000 / 1 Lot ( 1600 Shares )
Price Range
₹71 - ₹75
Maximum Investment
₹120,000 / 1 Lot ( 1600 Shares )
Retail Discount
Not Applicable
Issue Size
₹36.00 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |Pratham EPC Projects IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Mar 10, 2024
IPO Closing Date
Mar 12, 2024
Basis of Allotment Date
Mar 13, 2024
Initiation of Refunds
Mar 14, 2024
Credit of Shares to Demat
Mar 14, 2024
Listing Date
Mar 17, 2024
Cut-off time for UPI mandate confirmation
Mar 12, 2024
About Pratham EPC Projects Ltd
Based in Ahmedabad, Pratham EPC Projects Limited is an integrated engineering, procurement, construction and commissioning company. It is in the business of providing end-to-end service to Oil and Gas distribution companies in India. The company has been executing various gas pipeline projects, handling all pipeline activities like mainline welding, tie-in, coating, hydro testing, pipeline commissioning etc.
Pratham specialises in oil and gas pipelines for cross-country distribution and city gas distribution. It also undertakes offshore projects for water distribution, specifically project bidding and project management. It also undertakes pipeline-laying work on a turnkey basis, including engineering, procurement, pipeline construction for city gas distribution, horizontal direction drilling, and stations including civil, electromechanical and instrumentation for our clients.
India is the world’s third-largest energy consumer globally. In February 2023, India’s oil demand rose to a 24-year high, which resulted due to a boost in industrial activity. It was the 15th consecutive year-on-year rise in demand. In such a growing industry, a key infrastructure provider like Pratham can expand its operations.
Pratham EPC Projects Ltd IPO Details
Pratham EPC Projects Ltd IPO Date
The bidding for the Pratham EPC Projects IPO will open from March 11, 2024, to March 13, 2024.
Pratham EPC Projects Ltd IPO Price Band
Pratham EPC Projects is a book-built IPO with a price range that has been decided at ₹71 to ₹75 per share.
Pratham EPC Projects Ltd IPO Lot Size
The Pratham EPC Projects Ltd IPO lot size has been decided at 1,600 shares.
Pratham EPC Projects Ltd IPO Objectives
The net proceeds will be utilised towards funding the following:
- Purchase of machinery.
- To meet working capital requirements.
- General corporate purposes.
Peer Details
The company has one listed peer, i.e. Likhitha Infrastructure Limited.
How to Check the Allotment Status of the Pratham EPC Projects Ltd IPO?
A: Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Pratham EPC Projects Ltd
Registered office: A-1101, Sankalp Iconic Tower, Opp. Vikramnagar Colony, Iscon Cross Road, S.G. Highway, Ambli, Ahmedabad, Daskroi, Gujarat-380058.
Phone: 079-40037008
E-mail: cs@prathamepc.com
Financials Company
| Particulars | Period Ended on September 30, 2023 (Amount in ₹ lakhs) | Year Ending on March 31, 2023 (Amount in ₹ lakhs) | Year ending on March 31, 2022 (Amount in ₹ lakhs) | Year ending on March 31, 2021 (Amount in ₹ lakhs) |
|---|---|---|---|---|
| Total Revenue | 3,581.37 | 5,167.29 | 5,062.66` | 3,085.03 |
| Profit (Loss) for the Year | 523.41 | 764.12 | 441.32 | 112.85 |
| Current Ratio | 1.76 | 1.21 | 1.28 | 1.1 |
| Return on Capital Employed | 24.80% | 48.40% | 61.54% | 27.40% |
| Debt Service Coverage Ratio | 2.06 | 3.01 | 6.66 | 1.81 |
Know before investing
Strengths
2-
The company’s promoters have more than 30 years of experience in the engineering industry. This gives the company’s management a competitive edge in terms of guidance and vision.
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Their execution capabilities, comprising strong in-house operations in design, engineering, procurement, construction and quality assurance, is a critical factor that has contributed to the growth of the company. Their track record in the construction of pipeline projects has been instrumental in their consistent sales and performance.
Risks
2-
Their top ten suppliers contributed 75.15%, 64.34%, 50.76% and 63.20% of total input purchases for the period ending on September 30, 2023, and financial years ending on March 31 of 2023, 2022 and 2021, respectively. Thus, the quantity and quality of their input supplies can be harmed by the loss of any of these top suppliers.
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Their top ten customers brought in 100% of their revenue in the past 3 years. The loss of any of these customers can disrupt the company’s revenues.
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Pratham EPC Projects Ltd IPO FAQs
Pratham EPC Projects IPO is a book built IPO. The IPO will be open from March 11, 2024, to March 13, 2024.
The basis of allotment will be done on Thursday, March 14, 2024. The credit of shares to the demat account will be on Friday, March 15, 2024.
The IPO will open for subscription from March 11, 2024, to March 13, 2024.
The lot size for the IPO is 1,600 shares.
Pratham EPC Projects Ltd IPO will be listed on the NSE SME exchange on Monday, March 18, 2024.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The listing date will be Monday, March 18, 2024.
Initially, the bank will only block the amount in your account. The money will be debited once the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
