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Pratham EPC Projects Limited IPO

Pratham EPC Projects Limited IPO

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Listed Price: ₹ 113.30 (+51.07%)

Pratham EPC Projects Limited's has transitioned to a publicly listed entity following its IPO debut on 18-03-2024 at the NSE exchange. The public offering successfully raised 48,00,000 Shares, consisting of 48,00,000 Sharesin new capital.

The IPO featured a competitive price range of ₹71 to ₹75 and minimum application size of 1600 shares. Market reception was evidenced through subscription activity between 11-03-2024 and 13-03-2024, reflecting investor appetite for the offering.

Allotment of shares was completed on 14-03-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

Pratham EPC IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Pratham EPC IPO Key Performance Indicator
Company Financials ( in ₹ Lakhs )

Pratham EPC IPO About Company

Pratham EPC Projects Limited, established in 2014, is a key player in India's oil and gas sector, providing integrated engineering, procurement, construction, and commissioning (EPCC) services. Specializing in gas pipeline projects, oil and gas pipelines, and offshore water distribution, the company also engages in tendering and project management. Pratham adheres to rigorous industry standards, holding multiple ISO certifications, including ISO 10002:2018 for customer satisfaction, ISO 14001:2015 for environmental management, ISO 18001:2007 for occupational health and safety, and ISO 9001:2015 for quality management. With a strong track record of over 12 completed projects valued at approximately ₹13,184.10 lakhs and six major ongoing projects worth ₹19,397.33 lakhs, the company continues to expand its footprint. Its robust order book includes pending projects worth ₹16,952.80 lakhs, reflecting significant growth potential. Notably, Pratham has successfully executed a project worth approximately ₹40,667.29 lakhs, showcasing its expertise and reliability in the sector. Supported by a workforce of 770 employees as of September 30, 2023, the company remains committed to delivering high-quality EPC solutions.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Pratham EPC IPO Strength Factors

  1. Leverage Proven Expertise for Expansion: Utilize its track record to secure larger contracts and enter new markets or industry segments.
  2. Strengthen Turnkey Project Offerings: Enhance its end-to-end execution capabilities by integrating advanced technologies like AI-driven project management and automation.
  3. Optimize Resource Allocation with Data Analytics: Implement AI-based predictive analytics for better resource planning, reducing wastage and improving cost efficiency.
  4. Foster Strategic Partnerships: Collaborate with key industry players, government bodies, or technology providers to strengthen its project execution capabilities and expand service offerings.

Pratham EPC IPO Risk Factors

  1. Disaster Resilience Planning: Develop contingency plans for natural calamities, such as securing insurance coverage, diversifying supply chains, and investing in infrastructure that can withstand adverse conditions.
  2. Hedging Against Market Volatility: Utilize financial instruments like forward contracts and commodity hedging to minimize the impact of currency fluctuations and price volatility on procurement and project costs.
  3. Geographical Diversification: Expand operations into multiple regions to reduce dependency on a single market and mitigate risks associated with localized economic downturns or regulatory changes.
  4. Strong Financial Risk Management: Maintain a balanced capital structure, optimize working capital, and secure long-term financing to sustain operations during periods of economic uncertainty.

Pratham EPC IPO Lead Manager(s)

  • Beeline Capital Advisors Private Limited

Pratham EPC IPO Promoter(s)

  1. Mr. Nayankumar Manubhai Pansuriya
  2. Mr. Pratikkumar Maganlal Vekariya

Pratham EPC IPO Company Details

Pratham EPC Projects Limited
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address:

Pratham EPC IPO Registrar

Link Intime India Private Limited
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Phone:

Pratham EPC IPO FAQs