Pratham EPC Projects IPO

Pratham EPC Projects IPO will open for subscription from 11 March 2024. The company aims for an issue size of ₹36 Cr through this IPO.

Company Overview

Full namePratham EPC Projects Limited
IndustryEngineering – Construction
Company Website

About Company

Headquartered in Ahmedabad, Pratham EPC Projects operates as an integrated engineering, procurement, construction, and commissioning company, serving as end-to-end service providers to India’s oil and gas distribution companies. The company specializes in laying pipeline networks, constructing associated facilities, and offering operations and maintenance services to City Gas Distribution (CGD) companies across the country. With its integrated approach, Pratham EPC Projects offers a diverse range of pipeline and allied services for the oil and gas industry.

Pratham EPC Projects provides services for cross-country pipeline projects for various applications, including oil, gas, and water. Over the years, the company has successfully executed more than 12 projects, with its major completed projects totaling approximately INR 131.84 crore. As of 31 March 2023, Pratham EPC Projects has 6 major ongoing projects, out of which 5 projects worth approximately INR 193.97 crore have been confirmed based on a Letter of Allocation / Purchase Order, with INR 169.53 crore worth of project execution pending. Additionally, 1 project has been finalized with a Purchase Order, valued at approximately INR 406.67 crore, based on management estimates, indicating a strong order book.

The Objectives of the Issue

  • Purchase of Machinery.
  • To Meet Working Capital Requirements.
  • General Corporate Purpose.

Pratham EPC Projects IPO Timetable

IPO Opening date11 March 2024
IPO Closing13 March 2024
Basis of Allotment14 March 2024
Initiation Refund15 March 2024
Credit to Demat Account15 March 2024
Listing Date18 March 2024
(Cut-off time for UPI mandate confirmation – 5 PM on March 13, 2024)

Pratham EPC Projects IPO details

Issue typeBook Built Issue IPO
IPO issue size₹36 Cr – 4,800,000 shares
Fresh Issue₹36 Cr – 4,800,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹71 to ₹75 per share
Lot size1600 Shares
Market Maker portion240,000 shares
Shareholding pre-issue12,960,000
Shareholding post-issue17,760,000
Listing ExchangeNSE SME

Pratham EPC Projects IPO Lot Size

Retail (Min)11600₹120,000
Retail (Max)11600₹120,000
HNI (Min)23,200₹240,000

Pratham EPC Projects IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Pratham EPC Projects Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income1.134.417.645.23
(Amount in ₹ Crores)

Pratham EPC Projects Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio12.03 – 12.71
RONW (%)19.0542.6942.50
ROCE (%)27.4061.5448.40
EBITDA (%)6.6713.0320.23

Company Promoters

  • Mr. Nayankumar Manubhai Pansuriya
  • Mr. Pratikkumar Maganlal Vekariya

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding72.97%

Pratham EPC Projects IPO Lead Manager(s)

Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: +91 79 4918 5784

Pratham EPC Projects Registrar

C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 22 4918 6200

Pratham EPC Projects Contact Details

A-1101, Sankalp Iconic, Opp. Vikram Nagar,
Iscon Temple Cross Road, S.G. Highway,
Ahmedabad, Gujarat -380054
Phone: 079-4003 7008

Pratham EPC Projects IPO Allotment Status

Pratham EPC IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

Final thoughts

Pratham EPC Projects IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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