
Emerging SME Services · NSE
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.
Price Band
₹71 – ₹75
Issue Size
₹36.00 Cr
Lot Size
1600 shares
GMP
+36.0%
Est. Listing
₹102
at current GMP
Subscribed
177.99x
overall
Open
11 Mar 2024
Close
13 Mar 2024
Allotment
14 Mar 2024
Refund
15 Mar 2024
Demat Credit
16 Mar 2024
Listing
18 Mar 2024
Overall Subscription
177.99x
Total Demand
QIB Multiplier
70.28x
Institutions & Funds
NII / HNI
320.67x
High Net-Worth
Retail (RII)
178.33x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 912,000 | 64,092,800 | 70.28x |
| NIB | 684,800 | 219,596,800 | 320.67x |
| RETAIL | 1,596,800 | 284,755,200 | 178.33x |
| Total | 3,193,600 | 568,444,800 | 177.99x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,050 | 187,247 | 178.33x |
| HNIs (10L +) | 7 | 2,245 | 320.67x |
| HNIs (2-10L) | 32 | 10,261 | 320.67x |
| Total Applications | 1,089 | 199,753 | 183.43x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Pratham EPC Projects Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹36 Crores. The shares are offered at a price band of ₹71 to ₹75 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-03-13, the basis of allotment is scheduled to be finalized on 2024-03-14. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Pratham EPC Projects Limited IPO is ₹27 per equity share. Based on the upper price band of ₹71 to ₹75 per equity share, the estimated listing price is ₹102 (+36.0% expected listing gain).
With a lot size of 1600 shares and current GMP of ₹27, the expected profit per application lot is approx ₹43,200 (+36.0% gain). Minimum application cost is approx ₹1,20,000.
The Pratham EPC Projects Limited IPO aggregate issue size is ₹36 Crores with an equity price band set at ₹71 to ₹75 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,20,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 177.99x (Retail: 178.33x, QIB: 70.28x, NII: 320.67x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-03-14. Investors can verify status using PAN card or application number.
Pratham EPC Projects Limited shares are scheduled to list on NSE on 2024-03-18.