| IPO date | 11 Mar 2024 – 13 Mar 2024 |
| Listing date | 18 Mar 2024 |
| Price range | 71 – 75 |
| Minimum order quantity | 1600 | (D)RHP | View |
Pratham EPC Projects Limited is launching its IPO. The offer opens for subscription on 11th March 2024 and will close on 13th March 2024.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.
What does Pratham EPC Projects Limited do?
Pratham EPC Projects Limited, initially named “Pratham EPC Projects Private Limited,” was incorporated as a Private Limited Company in 2014 and later converted into a Public Limited Company in 2023. Based in Ahmedabad, India, the company provides end-to-end services to Oil & Gas distribution companies, specializing in engineering, procurement, construction, and commissioning.
The company has executed various gas pipeline projects, including cross-country and city gas distribution. Pratham EPC Projects Limited is ISO-certified and offers services in cross-country pipeline projects for oil, gas, and water. They also provide turnkey solutions for pipeline laying, including engineering, procurement, and construction. As of February 23, 2024, the company has successfully executed more than 12 projects, with ongoing projects worth approximately ₹29,666.33 Lakhs and a finalized project worth ₹40,667.29 Lakhs, indicating a strong order book.
The company generates revenue from two business verticals, Gas & Oil Pipeline Projects and Water Pipeline Projects. Additionally, as of the Red Herring Prospectus date, the company has a 52% subsidiary named Pipeflow Integrity India Private Limited (PIIPL).
Schedule/Timeline of Pratham EPC Projects Limited IPO
| Issue Period | 11th March to 13th March 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | March 14, 2024 |
| Initiation of Refunds | March 15, 2024 |
| Credit of Shares | March 15, 2024 |
| Date of Listing | March 18, 2024 |
| Mandate end date | March 28, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | April 13, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | June 12, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Pratham EPC Projects Limited IPO?
You can apply for the Pratham EPC Projects Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Pratham EPC Projects Limited IPO?
You can check the allotment status for the Pratham EPC Projects Limited IPO on the website of the Registrar and Transfer agent.