Pratham EPC Projects Ltd IPO Timeline

Pratham EPC Projects Ltd IPO opens on 11-Mar-2024, and closes on 13-Mar-2024. The Pratham EPC Projects Ltd IPO bid date is from 11-Mar-2024 to 13-Mar-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Pratham EPC Projects Ltd IPO Opening Date 11-Mar-2024
Pratham EPC Projects Ltd IPO Closing Date 13-Mar-2024
Basis of Allotment 14-Mar-2024
Initiation of Refunds 15-Mar-2024
Credit of Shares to Demat 15-Mar-2024
Pratham EPC Projects Ltd IPO Listing Date 18-Mar-2024

Pratham EPC Projects Ltd IPO Lot Size

Pratham EPC Projects Ltd IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or 120000).

Application Lots Shares Amount
Minimum 1 1600 ₹120000
Maximum 1 1600 ₹120000

Pratham EPC Projects Ltd IPO Details

Pratham EPC Projects Ltd IPO Date 11-Mar-2024 to 13-Mar-2024
Pratham EPC Projects Ltd IPO Face Value Shares of ₹10 per share
Pratham EPC Projects Ltd IPO Price ₹71 to ₹75 per share
Pratham EPC Projects Ltd IPO Lot Size 1600
Issue Size Shares of ₹10 (aggregating up to ₹36 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹36 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters Nayankumar Manubhai Pansuriya, Pratikkumar Maganlal Vekariya.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Purchase of Machinery
  • 2 To Meet Working Capital Requirements
  • 3 General Corporate Purposes

Company Financials

Pratham EPC Projects Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
03-2024 78.37 71.26 10.05
03-2023 48.50 51.67 7.64
03-2022 28.50 50.63 4.41
Amount in ₹ Crore
  • Experienced Promoter and Management Team.
  • End-to-end execution capabilities.
  • Optimal Utilization of Resources.
  • Visible growth through a robust order book.
  • Long-standing relationships with its customers.
  • At present, the company is involved in tax proceedings and actions by a statutory authority which are currently pending at various stages. Further, a case for the recovery of dues has been filed by the director of the company. Any adverse decision in these proceedings may render it liable to various penalties and/or monetary compensation and may adversely affect its business and results of operations.
  • There are outstanding legal proceedings involving the Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • Its work premises from where its operate is not owned by us.
  • Its failure to perform in accordance with the standards prescribed in work order of its client could result in loss of business or compensation payment.
  • Its individual Promoters play key role in the company functioning, and its heavily relies on their knowledge and experience in operating its business and therefore, it is critical for the company business that its Promoter and Executive Directors remain associated with it. The company's success also depends upon the services of its key managerial personnel and the company ability to attract and retain key managerial personnel and its inability to attract them may affect its operations.
  • The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • The Company is dependent on a few suppliers for purchases of product. The loss of any of these large suppliers may affect its business operations.
  • The Company is dependent on few numbers of customers for sales. The loss of any of this large customer may affect its revenues and profitability.
  • The company has experienced significant working capital requirements in past and may continue to experience in future also. If its experience insufficient cash flows from its operations or are unable to borrow to meet the company working capital requirements, it may materially and adversely affect its business, cash flows and results of operations.
  • Its revenues from the company projects are difficult to predict and are subject to seasonal variations.
  • Its source a large part of its new orders from its relationships with corporates and other customers, both present and past. Any failure to maintain its long-standing relationships with its existing customers or forge similar relationships with new ones would have a material adverse effect on its business operations and profitability.
  • Inaccurate estimation of risks, revenues, or costs for a project could negatively impact its profitability and operational results. Actual costs during project execution may significantly deviate from bid assumptions, leading to challenges in recovering additional expenses and potentially having a material adverse effect on its operational results, cash flows, and financial condition.
  • Failure to successfully implement its business strategies may materially and adversely affect its business, prospects, financial condition and results of operations.
  • The Company operates under several statutory and regulatory permits, licenses and approvals. Its failure to obtain and/or renew any approvals or licenses in future may have an adverse impact on its business operations.
  • There are certain discrepancies and non-compliances noticed in some of its financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.
  • The title deeds of fixed assets shown in the financial statements of the Company are not held in the name of the Company and its not sure the same will be transferred in the name of the Company in future or at all.
  • Its current Order Book does not guarantee full realization of future income. Some orders may be subject to modifications, cancellations, delays, holds, or partial payments by customers, which could have adverse effects on its operational results.
  • Its success depends on the company ability to attract and retain its key management personnel. If the company is unable to do so, it will adversely affect its business and the results of operations.
  • The company has entered into related party transactions in the past and may continue to do so in the future.
  • Certain Agreements in relation to its immovable Properties may be inadequately stamped or may not have been registered as a result of which its title to such properties may be faulty.
  • The company may fail to obtain certain regulatory approvals in the ordinary course of its business in a timely manner or at all, or to comply with the terms and conditions of its existing regulatory approvals and licenses which may have a material adverse effect on the continuity of its business and may impede the company effective operations in the future.
  • The company is exposed to significant risks on fixed-price or lump-sum turnkey contracts that could cause it to incur losses and adversely affect its business, results of operations and financial condition.
  • The company has experienced negative cash flows from operations in the recent past, and its may have negative cash flows in the future.
  • If the company is unable to service its debt obligations in a timely manner or to comply with various financial and other covenants and other terms and conditions of its financing agreements, it may adversely affect its business, prospects, results of operations and financial condition.
  • Its contingent liabilities as stated in the company Restated Standalone and Consolidated Financial Statement could affect its financial condition.
  • The company projects require deployment of labour and depend on availability of labour. In case of unavailability of such labour, its business operations could be affected.
  • The Company has taken unsecured loans that may be recalled by the lenders at any time.
  • The average cost of acquisition of Equity Shares by its Promoters could be lower than the issue price.
  • The company could be adversely affected due to misconduct or errors of its employees that are difficult to detect and any such incidents could adversely affect its financial condition, results of operations and reputation.
  • Fraud, theft, employee negligence or similar incidents may adversely affect its results of operations and financial condition.
  • The company ability to pay any dividends will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
  • Its Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the offer, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
  • Any variation in the utilization of the Net Proceeds as disclosed in this Draft Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
  • Any future issuance of its Equity Shares may dilute prospective investors' shareholding, and sales of its Equity Shares by the company major shareholders may adversely affect the trading price of its Equity Shares.
  • The Issue price of its Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Offer Price.
  • The company Promoters and Directors have provided personal guarantees for financing facilities availed by the Company and may in the future provide additional guarantees and any failure or default by the Company to repay such facilities in accordance with the terms and conditions of the financing agreements could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as its Promoters and Directors and thereby, adversely impact the company business and operations.
  • The Objects of the Issue for which funds are being raised are based on its management estimates and the same have not been appraised by any bank or financial institution or any independent agency. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titled "Objects of the Issue".
  • There is no monitoring agency appointed by Our Company to monitor the utilization of the Issue proceeds.
  • Industry information included in this Draft Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
  • Certain data mentioned in this Draft Red Herring Prospectus has not been independently verified.
  • In the event there is any delay in the completion of the Issue, or delay in schedule of implementation, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect its revenues and results of operations.
  • The company has not identified any alternate source of raising the funds required for the object of the Issue and the deployment of funds is entirely at its discretion and as per the details mentioned in the section titled "Objects of the Issue".
  • Continue to enhance its project execution capabilities.
  • Leveraging its market skills and relationship.
  • Maintaining edge over competitors.
  • Expand its geographical footprint.

Pratham EPC Projects Ltd IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 72.96%

Pratham EPC Projects Ltd IPO Subscription Status (Bidding Detail)

The Pratham EPC Projects Ltd IPO is subscribed 118.8397 times on Mar 13, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - 118.8397

Pratham EPC Projects Ltd IPO Prospectus

Pratham EPC Projects Ltd IPO Listing Date

Listing Date 18 Mar 24
BSE Script 92293
NSE Symbol PRATHAM
Listing In NSE - SME
ISIN INE0QA601016
IPO Price ₹75
Face Value ₹10

Pratham EPC Projects Ltd IPO Registrar

Link Intime India Pvt Ltd

Phone: +91 22 4918 6200
Email: prathamepc.ipo@linkintime.co.in
Website: www.linkintime.co.in

Pratham EPC Projects Ltd IPO Lead Manager(s)

  1. Beeline Capital Advisors Pvt Ltd

FAQs on Pratham EPC Projects Ltd IPO

Pratham EPC Projects Ltd IPO, which opens for subscription from 11-Mar-2024 to 13-Mar-2024 has an issue size of ₹36 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Pratham EPC Projects Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

Pratham EPC Projects Ltd IPO Opens for subscription from 11-Mar-2024 to 13-Mar-2024.

The lot size of Pratham EPC Projects Ltd is 1600 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹120000 and ₹120000 respectively.

Allotment date for Pratham EPC Projects Ltd is 14-Mar-2024 and refund of application amount (in case allotment is not received) will begin from 15-Mar-2024. If your allotment goes through, then shares will be credited in your Demat account by 15-Mar-2024.

The registrar for Pratham EPC Projects Ltd IPO is Link Intime India Pvt Ltd. You can check your IPO allotment status on the registrar's website.

The shares of Pratham EPC Projects Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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