1) About Pratham EPC Projects
Pratham EPC Projects is an integrated engineering, procurement, construction and commissioning company in the business of end-to-end service providers to oil and gas distribution companies in India.
2) Industry overview
As of April 2022, India’s oil refining capacity stood at 251.21 million metric tonnes per annum (MMTPA), making it the second-largest refiner in Asia and the fourth-largest in the world. Private companies owned about 35% of the total refining capacity
3) Pratham EPC Projects IPO size
The IPO is entirely a fresh equity issue of 48 lakh shares and through the issue, the company aims to raise Rs 36 crore.
4) Pratham EPC Projects IPO price band
The company is offering its shares at Rs 71-75 apiece, and investors can bid for 1,600 shares in 1 lot.
IPO calendar: 7 new issues to hit Dalal Street next week; 8 stocks to list
5) Pratham EPC Projects IPO financial performance
For the period ended September 2023, the company clocked revenues of Rs 34.3 crore and net profit of Rs 5.23 crore.
6) Objects of the offer
The net proceeds from the public offer will be used for purchase of machinery, meet working capital requirements and other general corporate purposes.
7) Lead managers and Registrar
Beeline Capital Advisors is acting as the lead manager to the issue and Link Intime India is the registrar.
8) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors and the rest 15% for NII investors
9) Important dates
The IPO opens on March 5 and will close on March 7. The final allotment will likely be made on March 14. The company’s shares will likely get listed on March 18.
10) Pratham EPC Projects GMP
The company’s shares are trading with a GMP of Rs 85 in the unlisted market.
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