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Pratham EPC Projects IPO GMP, Lot Size, Reservation, Price Band

Pratham EPC Projects IPO requires a minimum application amount of ₹120,000. This depends on a 1,600 share lot size and a price range of ₹71 to ₹75 per share. It is reported that the IPO will begin on March 11, 2024, and end on March 13, 2024.

Pratham EPC Projects IPO GMP 

The Grey Market Premium (GMP) of Pratham EPC Projects IPO refers to the premium that the IPO shares trade for in the shadow market prior to listing. It displays the anticipated IPO listing price as well as the level of demand. As of now, Pratham EPC Projects’ IPO GMP has not yet begun. 

It is anticipated that the IPO will begin on March 11, 2024, and end on March 12, 2024. The market lot consists of 1600 shares, and the price range is set at ₹71 to ₹75. Pratham EPC Projects Limited was established in 2014 and offers end-to-end services to Indian companies that distribute gas and oil. 

Pratham EPC Projects IPO Dates

March 11, 2024 is the opening date for the Pratham EPC Projects IPO, while March 13, 2024 is the closure date. March 14, 2024 is the IPO allotment date, and on March 18, 2024, the IPO may list. On the corresponding websites, you may monitor the status of the IPO subscription and allotment. 

Pratham EPC Projects IPO Lot Size 

Pratham EPC Projects is an integrated engineering, procurement, construction, and commissioning company in the business of end-to-end service providers to Oil & Gas distribution companies in India. 

The NSE SME Pratham EPC is planning an IPO to raise ₹37.50 crores. The Pratham EPC Projects IPO lot size is 1,600 shares with a minimum application amount of ₹120,000. Additionally, it works on offshore water distribution projects, specialising in project management and bidding.

Pratham EPC Projects IPO GMP

Pratham EPC Projects IPO Price Band

A fixed price range of ₹71 to ₹75 per share is set for the Pratham EPC Projects IPO. The total issue size is 5,000,000 equity shares of face value of ₹10 each, aggregating to ₹37.50 crores. 

Pratham EPC Projects IPO Reservation

Pratham EPC Projects IPO Reservation is the portion of the IPO shares that are reserved for certain categories of investors, such as qualified institutional buyers (QIBs), non-institutional investors (NIIs), retail individual investors (RIIs), and market makers. According to the IPO synopsis, the reservation for each category is as follows:

  • QIB Shares Offered:Not more than 50% of the Net Issue
  • NII (HNI) Shares Offered: Not less than 15% of the Net Issue
  • Retail Shares Offered: Not less than 35% of the Net Issue

Pratham EPC Projects IPO Objective 

According to the IPO synopsis, the objective of Pratham EPC Projects IPO is to raise funds for the following purposes:

  • General Corporate Purpose
  • To meet Public Issue Expenses
  • Purchase of Machinery
  • To Meet Working Capital Requirements

Pratham EPC Projects IPO Apply or Not? 

Pratham EPC Projects IPO is a public offering of 5 million equity shares of face value ₹10 each, aggregating to ₹37.50 crores. Whether to apply for Pratham EPC Projects IPO or not depends on your risk appetite, investment goals, and financial situation. 

You should also consider the company’s financial performance, growth prospects, competitive position, and valuation ratios. You can read the IPO synopsis and the IPO reviews by various brokers and analysts to get more insights into the IPO.

However, please note that investing in IPOs is subject to market risks and there is no guarantee of listing gains or future returns. You should do your own research and analysis before applying for any IPO. If you are unsure or have any questions, you should also talk with your financial advisor.

How and where to apply for Pratham EPC Projects IPO? 

To apply for Pratham EPC Projects IPO, you need to have a demat account and a UPI ID. You can apply online through your bank account (using ASBA) or through your broker (using UPI). Here are the steps to apply online:

  • Login to your bank account or broker account and select the Pratham EPC Projects IPO in the current IPO section.
  • Indicate how many lots you want to apply for and how much you want to pay for the IPO. 
  • Your UPI ID and click on submit. You will receive a request for payment authorization on your UPI app and Confirm the payment within the deadline.
  • Your bid will be sent to the exchange using this. You can check the status of your application on the IPO allotment page. 

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