Pratham EPC Projects Limited is set to launch its Initial Public Offering (IPO) from March 11, 2024, to March 13, 2024, aiming to raise ₹36.00 crores through a fresh issue of 4,800,000 shares. The IPO subscription status, as of March 11, 2024, stands at 5.13 times, showcasing considerable investor interest.
**Key Details of Pratham EPC Projects IPO:**
**IPO Schedule:**
– **IPO Opening Date:** March 11, 2024
– **IPO Closing Date:** March 13, 2024
– **Basis of Allotment:** March 14, 2024
– **Refund Initiation:** March 15, 2024
– **Credit of Shares to Demat:** March 15, 2024
– **Listing Date:** March 18, 2024
**Price Band:** ₹71 to ₹75 per share
**Lot Size:** Investors can bid for a minimum of 1600 shares and in multiples thereof.
**Issue Type:** Book Built Issue IPO
**Listing Exchange:** NSE SME
**Use of Proceeds (Fresh Issue):**
1. Purchase of Machinery.
2. Meeting Working Capital Requirements.
3. General Corporate Purposes.
**Promoter Holding:**
– **Pre-Issue:** 100.00%
– **Post-Issue:** 72.97%
**Reservation for Investors:**
– QIB: 19.00%
– NII (HNI): 14.27%
– Retail: 33.27%
– Market Maker: 5.00%
– Anchor Investors: 28.47%
**Grey Market Premium (GMP):**
As of the latest update, the Grey Market Premium for Pratham EPC Projects IPO is not provided, indicating a dynamic market sentiment.
**Subscription Status:**
– **QIB:** 0.00 times (No subscription as of now)
– **NII (HNI):** 3.31 times
– **Retail:** 8.85 times
– **Total:** 5.13 times
**Financial Snapshot (Restated Standalone):**
– **Revenue (30 Sep 2023):** ₹3,581.37 lakhs
– **Profit After Tax (30 Sep 2023):** ₹523.41 lakhs
– **Net Worth (30 Sep 2023):** ₹2,321.26 lakhs
**Key Performance Indicators (KPI) as of September 30, 2023:**
– **ROE:** 45.10%
– **ROCE:** 24.81%
– **RoNW:** 22.55%
– **P/BV:** 4.19
– **PAT Margin (%):** 15.26%
**EPS (Post-Issue):** ₹5.89
**P/E (Post-Issue):** 12.72
**Company Overview:**
Pratham EPC Projects Limited, established in 2014, specializes in integrated engineering, procurement, construction, and commissioning services for oil and gas utilities in India. The company holds certifications for customer satisfaction, environmental management, occupational health and safety, and quality management. It has successfully completed over 12 projects and currently has a robust order book.
**Investor Recommendations:**
Analysts suggest that Pratham EPC Projects IPO is reasonably priced based on the FY24 earnings, making it an attractive investment for medium to long-term rewards.
**Disclaimer:** Investors are advised to refer to the Red Herring Prospectus (RHP) for detailed information and conduct thorough due diligence before making investment decisions.
The IPO’s success and listing performance will unfold in the coming weeks, and investors should stay updated on market dynamics and related developments.
