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Pratham EPC Projects initial public offering (IPO) opened on March 11 for subscription & it will close on March 14.
The IPO is issued with the price band of Rs ₹71 to ₹75 per share. The company is trying to raise ₹36 crore through this issue.
It 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.
The funds raised through the IPO will be used to meet working capital requirements,purchase machinery, and general corporate purposes as stated by the company.
The allotment may be finalized on March 14.
The equity shares of Pratham EPC Projects are likely to be listed on NSE SME on March 18.
The registrar of the issue is Beeline Capital Advisors Pvt Ltd. Link Intime India Private Ltd is the book-running lead manager of the Pratham EPC Projects IPO.
The company mainly deals in oil and gas utilities in India. It is known for integrated procurement, engineering, construction, and commissioning.
The promoters of the company are Pratikkumar Vekariya & Nayankumar Pansuriya. 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.
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