Pratham EPC IPO description – 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.
Promoters of Pratham EPC Projects – Mr. Nayankumar Manubhai Pansuriya, and Mr. Pratikkumar Maganlal Vekariya
Table of Contents
Pratham EPC IPO Details
| Pratham EPC IPO Dates | 11 – 13 March 2024 |
| Pratham EPC Issue Price | INR 71 – 75 per share |
| Fresh issue | 4,800,000 shares (INR 34.08 – 36.0 crore) |
| Offer For Sale | NIL |
| Total IPO size | 4,800,000 shares (INR 34.08 – 36.0 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 120,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Pratham EPC Projects Financial Performance
| Â | 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 Offer News
- Pratham EPC Projects RHP
- Pratham EPC Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Pratham EPC 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 |
Pratham EPC IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 16 March 2024 | 30 | – | 32,500 |
| 15 March 2024 | 30 | – | 32,500 |
| 14 March 2024 | 30 | – | 32,500 |
| 13 March 2024 | 72 | – | 86,700 |
| 12 March 2024 | 85 | – | 106,000 |
| 11 March 2024 | 90 | – | 113,000 |
| 9 March 2024 | 85 | – | 97,000 |
| 8 March 2024 | 80 | – | 92,000 |
| 7 March 2024 | 72 | – | 85,000 |
| 6 March 2024 | 72 | – | 84,000 |
| 5 March 2024 | 70 | – | 80,000 |
Pratham EPC IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 912,000 | 684,800 | 1,596,800 | 3,193,600 |
| 13 Mar 2024 | 70.28 | 320.88 | 179.48 | 178.62 |
| 12 Mar 2024 | 1.35 | 52.61 | 73.56 | 48.45 |
| 11 Mar 2024 | 0.03 | 10.37 | 21.12 | 12.79 |
The above calculations do not include the market maker reservation portion of 240,000 shares.
Pratham EPC IPO Allotment Status
Pratham EPC IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Pratham EPC IPO Dates & Listing Performance
| IPO Opening Date | 11 March 2024 |
| IPO Closing Date | 13 March 2024 |
| Finalization of Basis of Allotment | 14 March 2024 |
| Initiation of refunds | 15 March 2024 |
| Transfer of shares to demat accounts | 15 March 2024 |
| IPO Listing Date | 18 March 2024 |
| Opening Price on NSE SME | INR 113.30 per share (up 51.07%) |
| Closing Price on NSE SME | INR 118.95 per share (up 58.60%) |
Pratham EPC Offer Lead Manager
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:Â [email protected]
Website:Â www.beelinemb.com
Pratham EPC Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 22 4918 6200
Email:Â [email protected]
Website:Â www.linkintime.co.in
Pratham EPC Projects IPO 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: [email protected]
Website: www.prathamepc.com
Pratham EPC Projects IPO FAQs
What is the Pratham EPC offer size?
Pratham EPC’s offer size is INR 34.08 – 36.0 crores.
What is the Pratham EPC offer price band?
Pratham EPC’s public offer price is INR 71 – 75 per share.
What is the lot size of the Pratham EPC IPO?
Pratham EPC’s offer lot size is 1,600 shares.
What is Pratham EPC IPO GMP today?
Pratham EPC IPO GMP today is INR 30 per share.
What is the Pratham EPC kostak rate today?
Pratham EPC’s kostak rate today is INR NA per application.
What is Pratham EPC Subject to the Sauda rate today?
Pratham EPC is Subject to the Sauda rate today is INR 32,500 per application.
