Prospect Commodities IPO GMP, Review, Price, Allotment

Prospect Commodities IPO GMP

Prospect Commodities IPO description – The company is in the business of trading of cashew in the B2B market. Prospect Commodities is selling the cashew to the wholesalers in the state of Gujarat only. Currently, the company is not able to cater the demand of Gujarat State, hence it has not ventured to supply or develop market out of Gujarat. The cashews are packed in tin of 10 KG.

The company buys RCN (Raw Cashew Nut) from Gujarat from parties who are importing from other countries and also from Kolam, Tuticorin and Mangalore.

The business started as a partnership firm named “M/s Fortune Exports” in 2015 in international trade of “Agro Products”. In the year FY 2021, the partnership firm had started a cashew processing plant of 150 ton per annum nearby Ahmedabad, Gujarat. Subsequently, the facility’s processing capacity was increased to 600 ton per annum. In the following year, the company was formed and it took over the running business of partnership firm.

Promoters of Prospect Commodities – Vimal Mishra and Priyanka Mishra

Prospect Commodities IPO Details

Prospect Commodities IPO Dates8 – 13 March 2023
Prospect Commodities IPO PriceINR 61 per share
Fresh issue1,226,000 shares (INR 7.48 crore)
Offer For SaleNil
Total IPO size1,226,000 shares (INR 7.48 crore)
Minimum bid (lot size)2,000 shares (INR 122,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnBSE SME

Prospect Commodities Financial Performance

 FY 2020*FY 2021*FY 2022*10M FY 2023
Profit Before Tax4.6913.1313.48
Net income52.85
Figures in INR Lakhs unless specified otherwise
* Represents figures for the partnership firm

Prospect Commodities Offer News

Prospect Commodities Valuations & Margins

10M FY 2023
PE ratio3.64
RONW (%)17.99
ROCE (%)25.30
*Compiled by IPO Central from Prospectus

Prospect Commodities IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
Coming soon

Prospect Commodities IPO Subscription – Live Updates

Shares Offered613,000613,0001,226,000
13 Mar 20236.503.575.04
10 Mar 20234.411.552.98
9 Mar 20233.960.592.28
8 Mar 20233.720.211.96

Prospect Commodities Offer Lead Manager

612, 6th Floor, Shree Balaji Heights,
Kokilaben Vyas Marg, Ellisbridge,
Ahmedabad – 380 009, Gujarat, India
Phone: 079 46019796
Email[email protected]

Prospect Commodities Offer Registrar

Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: [email protected]

Prospect Commodities Contact Details

417, Sun Orbit
B/h. Rajpath Club Road, Bodakdev,
Ahmedabad – 380054, Gujarat
Phone: 079-48000696
E-mail: [email protected]

Prospect Commodities IPO Allotment Status

Prospect Commodities IPO allotment status is now available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

Prospect Commodities IPO Dates & Listing Performance

IPO Opening Date8 March 2023
IPO Closing Date13 March 2023
Finalisation of Basis of Allotment15 March 2023
Initiation of refunds16 March 2023
Transfer of shares to demat accounts17 March 2023
Prospect Commodities IPO Listing Date20 March 2023
Opening Price on BSE SMEINR 61 per share (no change)
Closing Price on BSE SMEINR 61 per share (no change)

Prospect Commodities IPO FAQs

What is Prospect Commodities offer size?

Prospect Commodities offer size is INR 7.48 crore.

What is Prospect Commodities IPO Price Band?

Prospect Commodities public offer price is INR 61 per share.

What is the lot size of Prospect Commodities IPO?

Prospect Commodities offer a lot size is 2,000 shares.

What is Prospect Commodities IPO GMP today?

Prospect Commodities IPO GMP today is INR NA per share.

What is the Prospect Commodities kostak rate today?

Prospect Commodities kostak rate today is NA per application.

What is Prospect Commodities Subject to Sauda rate today?

Prospect Commodities Subject to Sauda rate today is INR NA per application.


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