IPO GMP 13 March 2024: All You Need to Know!
The much-awaited IPO of Pratham EPC Project Limited opened for investment today, March 11. Investors have until March 13 to place their bids. The company aims to raise Rs 36 crore through the IPO.
- Price Band: Pratham EPC Project has set the price band for its IPO at Rs 71-75 per share.
- Lot Size: The lot size is 1600 shares, requiring retail investors to invest a minimum of Rs 120,000.
- Number of Shares: The company will sell 48 lakh new shares through the IPO.
Listing Date: Shares of Pratham EPC Project will be listed on the NSE SME platform on March 18.
Key Players: Belaain Capital Advisors Private Limited and Registrar Link Intime India Private Limited are the book running lead managers for the IPO, with Spread X Securities as the market maker.
Categories: 50% of shares are reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
Promoters: The promoters of Pratham EPC Project are Nayan Kumar Manubhai Pansuria and Pratik Kumar Maganlal Vekariya, who currently hold 100% stake in the company.
Company Overview: Established in 2014, Pratham EPC Project Limited provides services to oil and gas consumers in India. The company undertakes gas pipeline projects, including welding, testing, and commissioning.
Financial Performance: In the period from April to September 2023, the company reported a revenue of Rs 36 crore and a net profit of Rs 5.23 crore. The revenue for FY23 increased by 2% year-on-year to Rs 51.67 crore, with a net profit of Rs 7.64 crore, showing a 73.14% growth.
Investors are eagerly watching the IPO GMP for Pratham EPC Project Limited, with high expectations for its listing on the NSE SME platform. Don’t miss out on this opportunity to invest in a promising company!
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
