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Pratham EPC Projects IPO opens today: Check price band, GMP, other key details

Pratham EPC Projects IPO: Through the IPO, the company plans to raise ₹36 crore. Details below

Published on: Mar 11, 2024 07:18 AM IST
By HT News Desk
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Pratham EPC Projects IPO: Pratham EPC Projects initial public offering (IPO) will open today (March 11) for subscription. The SME IPO will close on March 14. The company has fixed the price band of the IPO at ₹71 to ₹75 per share. Through the IPO, the company plans to raise ₹36 crore. The IPO is an entirely fresh issue of 48 lakh equity shares and the lot size is 1,600 shares. Minimum investment amount required by retail investors is ₹120,000.

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Pratham EPC Projects IPO: The IPO for Pratham EPC Projects opens on March 11. Check all details below
Pratham EPC Projects IPO: The IPO for Pratham EPC Projects opens on March 11. Check all details below

Pratham EPC Projects IPO objectives: The net proceeds of the IPO will be used by the company to purchase machinery, meet working capital requirements and general corporate purposes, it said.

Pratham EPC Projects IPO allotment: The allotment is expected to be finalized on March 14.

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Pratham EPC Projects IPO listing: The equity shares of Pratham EPC Projects will likely list on NSE SME on March 18.

Pratham EPC Projects IPO book-running lead manager: The book-running lead manager of the Pratham EPC Projects IPO is Beeline Capital Advisors Pvt Ltd. Link Intime India Private Ltd is the registrar of the issue.

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In the financial year ending March 2023, the net profit of the company spiked to ₹7.64 crore from ₹4.41 crore in the previous year.

Pratham EPC Projects IPO GMP today: Pratham EPC Projects IPO grey market premium today is ₹35 per share which implies that equity shares of Pratham EPC Projects were trading at a premium of 46.67%.

 
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HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

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