Pratham EPC Projects IPO GMP
The Grey Market Premium (GMP) of Pratham EPC Projects IPO indicates the premium at which IPO shares are traded in the unofficial market before listing. It reflects the expected IPO listing price and demand levels. Currently, the GMP for Pratham EPC Projects’ IPO has not started yet.
Pratham EPC Projects IPO Dates
The Pratham EPC Projects IPO is set to open on March 11, 2024, and close on March 13, 2024. The IPO allotment date is scheduled for March 14, 2024, with a potential listing on March 18, 2024. Keep an eye on the respective websites to track the subscription and allotment status of the IPO.
Pratham EPC Projects IPO Lot Size
Pratham EPC Projects is a comprehensive engineering, procurement, construction, and commissioning company that offers complete services to Oil & Gas distribution firms in India.
The NSE SME Pratham EPC is preparing for an IPO to raise ₹37.50 crores. The IPO lot size for Pratham EPC Projects is 1,600 shares, requiring a minimum application amount of ₹120,000. Moreover, the company focuses on offshore water distribution projects and excels in project management and bidding processes.
Pratham EPC Projects IPO Price Band
Pratham EPC Projects IPO Reservation
The Pratham EPC Projects IPO Reservation designates a portion of the IPO shares for specific investor categories like qualified institutional buyers (QIBs), non-institutional investors (NIIs), retail individual investors (RIIs), and market makers. As per the IPO details:
- QIB Shares Offered: Up to 50% of the Net Issue
- NII (HNI) Shares Offered: At least 15% of the Net Issue
- Retail Shares Offered: At least 35% of the Net Issue
Pratham EPC Projects IPO Objective
The Pratham EPC Projects IPO aims to raise funds for the following purposes as outlined in the IPO synopsis:
- General Corporate Purpose
- Meeting Public Issue Expenses
- Purchasing Machinery
- Fulfilling Working Capital Requirements
Pratham EPC Projects IPO Apply or Not?
The Pratham EPC Projects IPO involves offering 5 million equity shares with a face value of ₹10 each, totaling ₹37.50 crores. Deciding whether to apply for this IPO depends on your risk tolerance, investment objectives, and financial circumstances.
It is essential to assess the company’s financial performance, growth potential, competitive standing, and valuation metrics before making a decision. You can review the IPO synopsis and read analyses from different brokers and analysts to gain a deeper understanding of the IPO before investing.
Please be aware that investing in IPOs carries market risks, and there is no assurance of listing gains or future returns. It is crucial to conduct your own research and analysis before applying for any IPO. If you are uncertain or have any questions, it is advisable to consult with your financial advisor.
How and where to apply for Pratham EPC Projects IPO?
To apply for the Pratham EPC Projects IPO online, you will need a demat account and a UPI ID. You can follow these steps to apply online:
- Log in to your bank account or broker account and locate the Pratham EPC Projects IPO in the current IPO section.
- Specify the number of lots you wish to apply for and the amount you intend to invest in the IPO.
- Enter your UPI ID and click on submit. You will receive a payment authorization request on your UPI app. Confirm the payment within the given timeframe.
- Your bid will be transmitted to the exchange using this method. You can monitor the status of your application on the IPO allotment page.