Pratham Projects IPO: Top Things to Know as Issue Opens for Subscription

Pratham Projects‘ initial public offering (IPO) started on March 11, 2024, and is set to conclude on March 13, 2024. The company aims to generate Rs 36 crore from the offering, pricing each share between Rs 71 and Rs 75. The offering comprises an entirely new issue of 48 lakh equity shares, with a lot size set at 1,600 shares. The minimum investment required for retail investors is Rs 1,20,000.

About the Company

Specializing in integrated engineering, procurement, construction, and commissioning, Pratham Projects serves as a comprehensive services provider to oil and gas utilities in India. The company’s promoters are Nayankumar Pansuriya and Pratikkumar Vekariya.

Price Band

Pratham Projects’ IPO prices each share between Rs 71 and Rs 75.

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IPO Reserve Portion

• Retail Portion: 35% of the issue
• Qualified Institutional Buyers (QIB): 50% of the issue
• Non-institutional investors (NII): 15% of the issue

Issue Size

Pratham Projects’ IPO requires retail investors to make a minimum investment of Rs 1,20,000, with the lot size set at 1,600 shares.

Company Financials

Objectives of the Issue

Pratham Projects’ IPO will allocate the funds generated from the fresh issue towards the acquisition of machinery, meeting working capital needs, and addressing general corporate purposes.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.