Last updated on March 20, 2023
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 Dates | 8 – 13 March 2023 |
| Prospect Commodities IPO Price | INR 61 per share |
| Fresh issue | 1,226,000 shares (INR 7.48 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,226,000 shares (INR 7.48 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 122,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Prospect Commodities Financial Performance
| FY 2020* | FY 2021* | FY 2022* | 10M FY 2023 | |
| Revenue | 477.60 | 987.88 | 1,092.93 | 839.98 |
| Expenses | 765.68 | |||
| EBITDA | 26.97 | 60.09 | 86.28 | |
| Profit Before Tax | 4.69 | 13.13 | 13.48 | |
| Net income | 52.85 |
* Represents figures for the partnership firm
Prospect Commodities Offer News
- Prospect Commodities RHP
- Prospect Commodities Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Prospect Commodities Valuations & Margins
| 10M FY 2023 | |
| EPS | 16.78 |
| PE ratio | 3.64 |
| RONW (%) | 17.99 |
| NAV | 12.19 |
| ROCE (%) | 25.30 |
| Debt/Equity | 1.24 |
Prospect Commodities IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Prospect Commodities IPO Subscription – Live Updates
| Category | NII | Retail | Total |
| Shares Offered | 613,000 | 613,000 | 1,226,000 |
| 13 Mar 2023 | 6.50 | 3.57 | 5.04 |
| 10 Mar 2023 | 4.41 | 1.55 | 2.98 |
| 9 Mar 2023 | 3.96 | 0.59 | 2.28 |
| 8 Mar 2023 | 3.72 | 0.21 | 1.96 |
Prospect Commodities Offer Lead Manager
INTERACTIVE FINANCIAL SERVICES LIMITED
612, 6th Floor, Shree Balaji Heights,
Kokilaben Vyas Marg, Ellisbridge,
Ahmedabad – 380 009, Gujarat, India
Phone: 079 46019796
Email: [email protected]
Website: www.ifinservices.in
Prospect Commodities Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
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]
Website: www.bigshareonline.com
Prospect Commodities Contact Details
PROSPECT COMMODITIES LIMITED
417, Sun Orbit
B/h. Rajpath Club Road, Bodakdev,
Ahmedabad – 380054, Gujarat
Phone: 079-48000696
E-mail: [email protected]
Website: www.prospectcommodities.com
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 Date | 8 March 2023 |
| IPO Closing Date | 13 March 2023 |
| Finalisation of Basis of Allotment | 15 March 2023 |
| Initiation of refunds | 16 March 2023 |
| Transfer of shares to demat accounts | 17 March 2023 |
| Prospect Commodities IPO Listing Date | 20 March 2023 |
| Opening Price on BSE SME | INR 61 per share (no change) |
| Closing Price on BSE SME | INR 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.
