The IPO of the first EPC project will open on March 11 and close on March 13. Today we will learn about Pratham EPC Projects IPO GMP, price band, lot size, allotment, listing, etc. in this article.
If you were also thinking about investing in an IPO, then this is your work news. Pratham EPC Projects IPO: The company is going to bring its shares to the stock market. The IPO of First EPC Projects will open on Monday, March 11, 2024 and close on Wednesday, March 13, 2024.
Pratham EPC Projects IPO price
The first EPC Projects IPO is a book-built issue of Rs 36 crore. The issue is a fresh issue of 48 lakh shares. First EPC Projects IPO price band has been fixed at Rs 71 to Rs 75 per share.
The lot size of the first EPC Projects IPO is 1600 shares and investors can also bid in multiples thereof. Retail investors need to invest a minimum of Rs 120,000.
Pratham EPC Projects IPO Allotment
Before this IPO, we have also given information about Shree Karni Fabcom IPO. Now, if we talk about the allotment of the first EPC Projects IPO, then the first EPC Projects Pratham EPC Projects IPO Listing
After the IPO closes, the shares of the company will be listed on NSE, SME on March 18, 2024. 50% of the IPO is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors. The face value of shares of First EPC Projects is ₹10 per share.
The shares will be allotted to investors who bet on the IPO on March 14, 2024. Refunds will be issued on March 15, 2024.
Promoters of the company are Pratham EPC Projects IPO Promoter Shri Nayankumar Mannubhai Pansuria and Shri Pritakkumar Maganlal Vekaria. Currently, the promoters’ stake in the company is 100%, which will be reduced to 72.97% after the IPO.
Pratham EPC Projects Limited IPO opens on March 11, 2024https://t.co/nI3LsFV0pG pic.twitter.com/IqFFOwSMDs
— News Bulletin (@newsbulletin05) March 7, 2024
Beeline Capital Advisors Private Limited is the book running lead manager to Pratham EPC Projects IPO, while Link Intime India Private Limited is the registrar to the issue. Pratham EPC Projects is the market maker for the IPO.
According to the report of Pratham EPC Projects IPO GMP Investor Gain, Pratham EPC Projects is trading at a premium of Rs 88 in the grey market today. Accordingly, the listing of the IPO can be Rs 163. And investors can get a profit of more than 117 percent on the very first day.
About Pratham EPC Projects Ltd. Pratham EPC Projects Ltd was incorporated in the year 2014. The company provides end-to-end services to oil and gas utilities in India. Pratham EPC Projects Limited specializes in Integrated Engineering, Procurement, Construction and Commissioning. The company undertakes gas pipeline projects including welding, testing, and commissioning.
The company will use the proceeds from the IPO to purchase machinery, meet working capital requirements, and for general corporate purposes.
