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 name | Pratham EPC Projects Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://www.prathamepc.com/ |
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 date | 11 March 2024 |
| IPO Closing | 13 March 2024 |
| Basis of Allotment | 14 March 2024 |
| Initiation Refund | 15 March 2024 |
| Credit to Demat Account | 15 March 2024 |
| Listing Date | 18 March 2024 |
Pratham EPC Projects IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹36 Cr – 4,800,000 shares |
| Fresh Issue | ₹36 Cr – 4,800,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 240,000 shares |
| Shareholding pre-issue | 12,960,000 |
| Shareholding post-issue | 17,760,000 |
| Listing Exchange | NSE SME |
Pratham EPC Projects IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
Pratham EPC Projects IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Pratham EPC Projects Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 30.58 | 50.47 | 50.20 | 34.30 |
| Expenses | 29.34 | 44.73 | 41.50 | 28.80 |
| Net income | 1.13 | 4.41 | 7.64 | 5.23 |
Pratham EPC Projects Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.87 | 3.41 | 5.90 |
| PE ratio | – | – | 12.03 – 12.71 |
| RONW (%) | 19.05 | 42.69 | 42.50 |
| NAV | 4.57 | 7.98 | 13.87 |
| ROCE (%) | 27.40 | 61.54 | 48.40 |
| EBITDA (%) | 6.67 | 13.03 | 20.23 |
| Debt/Equity | 0.34 | 0.24 | 0.79 |
Company Promoters
- Mr. Nayankumar Manubhai Pansuriya
- Mr. Pratikkumar Maganlal Vekariya
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.97% |
Pratham EPC Projects IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
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
Email: mb@beelinemb.com
Website: www.beelinemb.com
Pratham EPC Projects Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: prathamepc.ipo@linkintime.co.in
Website: www.linkintime.co.in
Pratham EPC Projects Contact Details
PRATHAM EPC PROJECTS LIMITED
A-1101, Sankalp Iconic, Opp. Vikram Nagar,
Iscon Temple Cross Road, S.G. Highway,
Ahmedabad, Gujarat -380054
Phone: 079-4003 7008
E-mail: cs@prathamepc.com
Website: www.prathamepc.com
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
