The Pratham EPC Projects IPO is experiencing robust demand from investors, with the issue being oversubscribed by 178 times. The Pratham EPC Projects IPO allotment status is set to be finalised today.
If you applied for the IPO, here is how you can check the Pratham EPC Projects IPO allotment status.
Checking IPO Allotment Status on Registrar's Website:
Follow these steps to check the Pratham EPC Projects IPO allotment status
- Visit the registrar's website.
- Click on "Company Selection" and choose "Pratham EPC Projects" from the dropdown menu.
- Then you can enter your PAN, application number, or Demat.
- Enter the captcha and click Submit to retrieve the Pratham EPC Projects IPO allotment status
If all the details are entered correctly and the allotment has been finalised, the Pratham EPC Projects IPO allotment status will be visible.
Pratham EPC Projects IPO Subscription Status
On the third and final day of bidding, Pratham EPC Projects IPO has been oversubscribed by 178 times. The public issue has garnered bids for 57.01 crore equity shares against the offered 31.93 lakh shares.
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The retail category has witnessed a subscription of 179 times, while the Qualified Institutional Buyer (QIB) category and Non-Institutional Investors (NII) category have been subscribed 70 times and 320 times, respectively.
Pratham EPC Projects IPO Details
Pratham EPC Projects IPO commenced its subscription on March 11 and concluded on March 13. The equity shares of Pratham EPC Projects are anticipated to be listed on NSE SME with a tentative listing date set as March 18, 2024.
With a price band of ₹71 to ₹75 per share, the IPO size stands at ₹36 crore, comprising entirely of fresh issue of 48 lakh equity shares. The proceeds from the fresh issue will be utilized for the purchase of machinery, meeting working capital requirements, and general corporate purposes.
Pratham EPC Projects IPO GMP
The Pratham EPC Projects IPO GMP is currently reported at ₹25 per share. This is a steep drop from the ₹85 reported when the IPO opened. With the price band at ₹75 the IPO could list at ₹100. It’s important to note that while IPO GMPs can offer a glimpse into market sentiment regarding an IPO, they shouldn’t be taken as the sole determinant of the stock’s performance upon listing.
Pratham EPC Projects
Specializing in gas pipeline projects, Pratham EPC Projects excels in integrated engineering, procurement, construction, and commissioning. The company’s promoters, Nayankumar Pansuriya and Pratikkumar Vekariya, currently hold 100% of the company’s shares, with their ownership expected to decrease to 72.97% post the IPO.
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