Pratham EPC Projects (NSE SME)
Mar 11, 2024 - Mar 13, 2024
| Price | ₹71 - ₹75 |
| Premium | ₹27 |
|---|---|
| Lot size | 1600 |
| Allotment | Mar 14, 2024 |
| Listing | Mar 18, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 120000 | 998 |
| HNI | 2 | 3200 | 240000 | 428 |
Last updated on 13-Mar-2024 17:00:04
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 912000 | 64092800 | 70.28 |
| NIB | 684800 | 219596800 | 320.67 |
| RETAIL | 1596800 | 284755200 | 178.33 |
| Total | 3193600 | 568444800 | 177.99 |
| Retail Apps | 177972 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹32.29 | @8% ₹36.9 | @9% ₹41.51 | @10% ₹46.12 | @11% ₹50.74 | @12% ₹55.35 |
Pratham EPC Projects IPO Reservation
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| NAV CAPITAL VCC- NAV CAPITAL EMERGING STAR FUND | 267200 | 19.56% | 2.0 |
| ZINNIA GLOBAL FUND PCC - CELL DEWCAP FUND | 267200 | 19.56% | 2.0 |
| CRAFT EMERGING MARKET FUND PCC- CITADEL CAPITAL FUND | 267200 | 19.56% | 2.0 |
| LC RADIANCE FUND VCC | 161600 | 11.83% | 1.2 |
| MINERVA EMERGING OPPORTUNITIES FUND LTD | 134400 | 9.84% | 1.0 |
| KINGSMAN WEALTH FUND PCC KIF- II | 134400 | 9.84% | 1.0 |
| SAINT CAPITAL FUND | 134400 | 9.84% | 1.0 |
| Total | 1366400 | 100.00% | 10.25 |
Pratham EPC Projects IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Anchor | 28.50% | 1366400 |
| QIB | 19% | 912000 |
| Retail | 33.25% | 1596800 |
| NII (HNI) | 14.25% | 684800 |
| Market Maker | 5% | 240000 |
| Total | 100% | 4800000 |
Pratham EPC Projects Limited, established in 2014, offers comprehensive services to the oil and gas sector in India, specializing in integrated engineering, procurement, construction, and commissioning. The company focuses on gas pipeline projects, encompassing welding, testing, and commissioning, as well as oil and gas pipelines and offshore water distribution projects. Additionally, Pratham is involved in tendering and project management.
Certified by prominent organizations, Pratham adheres to rigorous standards. It holds ISO certifications in various areas, 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 track record of completing over 12 projects, including significant endeavors valued at approximately 13,184.10 lakhs, Pratham has a robust project portfolio. As of March 31st, 2023, the company has six major projects underway, with confirmed projects totaling around 19,397.33 lakhs. Notably, pending projects amounting to 16,952.80 lakhs indicate continued growth potential. Furthermore, having completed a project worth approximately 40,667.29 lakhs, Pratham demonstrates a healthy order book.
Employing 770 individuals across various departments as of September 30, 2023, Pratham maintains a dedicated workforce to support its operations and project execution.
| Issue Size | 4800,000 shares (aggregating up to ₹36 Cr) | |
| Fresh Issue |
| |
| Issue Type | Book Built Issue IPO | |
| Listing At | NSE SME | |
| Share holding pre issue | 12,960,000 | |
| Share holding post issue | 17,760,000 | |
| Market Maker portion | 240,000 shares Spread X Securities |
Key Performance Indicator
| KPI | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 45.10% | 53.97% | 54.28% |
| ROCE | 24.81% | 48.40% | 61.54% |
| RONW | 22.55% | 42.50% | 42.69% |
| D/E | 0.41 | 0.79 | 0.24 |
| EPS (basic & diluted) | 4.04 | 5.9 | 3.41 |
| P/BV | 4.19 | - | - |
| P/E (Pre IPO) | 12.72 | - | - |
Company Financials
Pratham EPC Projects Limited Financial Information (Restated Standalone)
Pratham EPC Projects Limited's revenue increased by 2.07% and profit after tax (PAT) rose by 73.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 4643.75 | 4,849.75 | 2,850.17 | 2,041.93 |
| Revenue | 3581.37 | 5,167.29 | 5,062.66 | 3,085.03 |
| Profit | 523.41 | 764.12 | 441.32 | 112.85 |
| Net Worth | 2321.26 | 1,797.86 | 1,033.73 | 592.41 |
| Reserves | 1025.26 | 1,716.86 | 952.73 | 511.41 |
| Borrowing | 952.27 | 1,418.83 | 246.26 | 199.48 |
| Amount in ₹ Lakhs | ||||
Strength Factors
Proven Expertise of Promoter and Management Team: With a track record of successful project execution and strategic decision-making, company’s team inspires confidence and trust in stakeholders.
End-to-End Execution Capabilities: company's ability to provide end-to-end services in engineering, procurement, construction, and commissioning is a notable strength. From project inception to completion, the company's comprehensive capabilities ensure efficient and effective project delivery.
Optimal Utilization of Resources: The company's ability to effectively allocate resources, including manpower, materials, and equipment, enhances productivity and cost-effectiveness, contributing to its competitive edge.
Risk Factors
Natural Calamities and Economic Impact: The potential negative impact of natural calamities on the Indian economy poses a significant risk to company's business.
Market Volatility and Economic Uncertainty: Fluctuations in commodity prices, currency exchange rates, and overall economic conditions could affect project demand, financing options, and profitability, posing risks to company's financial performance and stability.
Pratham EPC Projects IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: prathamepc.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html