Pratham EPC Projects Limited
Book Built Issue IPO · NSE
- Price band
- ₹71 - ₹75
- Lot size
- 1,600 shares
- Issue amount
- ₹36 cr
- Total subscription
- 177.99×
- Opens
- 11 Mar 2024
- Closes
- 13 Mar 2024
- Allotment
- 14 Mar 2024
- Listing
- 18 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 48,00,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,13,600
- Fresh issue
- ₹36 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,29,60,000
- Shares after issue
- 1,77,60,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,20,000 |
| HNI | 2 | 3,200 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.84 | 480.7 |
| RETAIL | 11.98 | 2,135.66 |
| NIB | 5.14 | 1,646.98 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.04 | 5.9 | 3.41 |
| ROE | 45.1 | 53.97 | 54.28 |
| ROCE | 24.81 | 48.4 | 61.54 |
| RONW | 22.55 | 42.5 | 42.69 |
| PRE IPO(PE) | 4.19 | 0 | 0 |
| POST IPO(PE) | 12.72 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Pratham EPC Projects Limited, established in 2014, is a key player in India's oil and gas sector, providing integrated engineering, procurement, construction, and commissioning (EPCC) services. Specializing in gas pipeline projects, oil and gas pipelines, and offshore water distribution, the company also engages in tendering and project management. Pratham adheres to rigorous industry standards, holding multiple ISO certifications, including ISO 10002:2018 for customer satisfaction, ISO 14001:2015 for environmental management, ISO 18001:2007 for occupational health and safety, and ISO 9001:2015 for quality management. With a strong track record of over 12 completed projects valued at approximately ₹13,184.10 lakhs and six major ongoing projects worth ₹19,397.33 lakhs, the company continues to expand its footprint. Its robust order book includes pending projects worth ₹16,952.80 lakhs, reflecting significant growth potential. Notably, Pratham has successfully executed a project worth approximately ₹40,667.29 lakhs, showcasing its expertise and reliability in the sector. Supported by a workforce of 770 employees as of September 30, 2023, the company remains committed to delivering high-quality EPC solutions.
Strengths
- Leverage Proven Expertise for Expansion: Utilize its track record to secure larger contracts and enter new markets or industry segments.
- Strengthen Turnkey Project Offerings: Enhance its end-to-end execution capabilities by integrating advanced technologies like AI-driven project management and automation.
- Optimize Resource Allocation with Data Analytics: Implement AI-based predictive analytics for better resource planning, reducing wastage and improving cost efficiency.
- Foster Strategic Partnerships: Collaborate with key industry players, government bodies, or technology providers to strengthen its project execution capabilities and expand service offerings.
Risk factors
- Disaster Resilience Planning: Develop contingency plans for natural calamities, such as securing insurance coverage, diversifying supply chains, and investing in infrastructure that can withstand adverse conditions.
- Hedging Against Market Volatility: Utilize financial instruments like forward contracts and commodity hedging to minimize the impact of currency fluctuations and price volatility on procurement and project costs.
- Geographical Diversification: Expand operations into multiple regions to reduce dependency on a single market and mitigate risks associated with localized economic downturns or regulatory changes.
- Strong Financial Risk Management: Maintain a balanced capital structure, optimize working capital, and secure long-term financing to sustain operations during periods of economic uncertainty.
Promoters
Mr. Nayankumar Manubhai Pansuriya
Mr. Pratikkumar Maganlal Vekariya
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A-1101, Sankalp Iconic, Opp. Vikram Nagar Iscon Temple Cross Road, S.G. Highway, Ahmedabad-380054
079-40037008
[email protected]Company website ↗Understanding PRATHAM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.