Pratham EPC Projects Limited IPO opens on March 11, 2024

Ahmedabad (Gujarat) [India], March 8: Pratham EPC Projects Limited an integrated engineering, procurement, construction and commissioning company being in business of end-to end service providers to Oil & Gas distribution companies in India has successfully completed almost a decade in business being incorporated in 2014. The Company is executing various gas pipeline project handling all pipeline activities like, mainline welding, tie-in, coating, hydro testing, and pipeline

Commissioning etc. The  Company’s  Major clients include, Indian Oil, Sabarmati Gas, Gujarat Gas, SunPetro Chemicals, GAIL (India), GSPL, BPCL. The Company has successfully executed more than 12 projects with our major completed projects quantifying to approximately ₹ 13,184.10 Lakhs. And has 8 major on-going projects out of which 7 projects worth approximately ₹ 29,666.33 Lakhs.

It is headquartered in Ahmedabad, the Company has 750+ employees.

The promoters of Pratham EPC Projects Limited are Mr. Pratik Kumar Maganlal Vekariya (Chairman & Managing Director) and Mr. Nayankumar Manubhai Pansuriya  (Whole Time Director), both have a rich experience of 16 years in the business.

The issue size is 36 Crs. It is a book built issue.

The no. of Shares is 48, 00,000 Equity Shares, at the Face Value of Rs. 10 each and the Price Band is Rs. 71-75. The Issue Opens on March 11, 2024 and Closes on March 13, 2024.  Anchor Opening Date is March 07, 2024

The Equity Shares reserved for Anchor investors are 13, 66,400. The Market Maker’s portion will be 2, 40,000 Equity Shares. 6, 84,800 Equity Shares are reserved for HNIs and 9, 12,000 Equity Shares for QIBs. Reservation for Retail investors is 15, 96,800is Equity Shares. The company will list on NSE SME post its IPO.

Book Running Lead Manager is Beeline Capital Advisors Private Limited and its Registrar is Link Intime India Private Limited

 The Company proposes to utilize the funds which are being raised for Purchase of Machinery, Working Capital Requirements & General Corporate Purpose.

The company has reported a total revenue of Rs. 3,058.23 Lakhs (FY21), Rs. 5,046.84 Lakhs (FY22), and Rs.5,020.35 Lakhs (FY23) on standalone basis. Further, net profit of the Company stands at Rs. 112.85 Lakhs. (FY21), Rs. 441.32 Lakhs. (FY22), and Rs. 764.12 Lakhs (FY23) on standalone basis.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Press Release

PrintBrriix Shines at 21by72 Season 3, Championing Cutting-Edge Innovation and Transformative Branding Solutions

Surat (Gujarat) [India], June 25: PrintBrriix, the illustrious pioneer in cutting-edge digital-to-physical transformation, dazzled as the prestigious gold sponsor of the transformative 21by72 Season 3 event, held on June 15th & 16th, 2024, at the opulent Avadh Utopia in Surat. With a grandeur befitting its stature, PrintBrriix unveiled its evolution into 9 dynamic circles and […]

Read More
Press Release

Nortek LED expands Global Footprint by entering East African countries

The Brand showcased Cutting-Edge Lighting Solutions at 9th Light Expo in Kenya New Delhi (India), June 25: Nortek LED, a leading provider of innovative and sustainable lighting solutions was the only Indian company to participate in the recently concluded 9th Light Expo Kenya. As a pioneer in premium quality energy-efficient LED solutions, Nortek LED presented […]

Read More
Press Release

June is Fatherhood Awareness Month; 5 Hitachi ACs That You Could Gift to your Dad

New Delhi (India), June 25: In today’s fast-paced world, finding a gift that truly shows appreciation toward your dad’s sacrifices for the comfort of his family can be challenging. An air conditioner is not just a gift of comfort, but a testament to your care and thoughtfulness. It ensures that your dad stays cool and […]

Read More