
Agriculture & Food Processing · BSE
Incorporated in 2022, Prospect Commodities Limited is primarily engaged in the international trade of agro products, focusing mainly on cashew trading in the B2B market. Earlier operating as a partnership firm under the name “M/s Fortune Exports,” the company was later incorporated under its current name. Led by its Promoter and Managing Director, Mr. Vimal Mishra, who brings over a decade of experience across various sectors, the company has built a strong presence in Gujarat’s wholesale cashew market. Prospect Commodities sources Raw Cashew Nuts (RCN) from local Gujarat vendors, who import from countries like Kolam, Tuticorin, and Mangalore, and sells premium cashew grades such as W400, W320, W240, W210, and W180 in 10 kg tins. Each batch undergoes multiple processing stages including cleaning, boiling, de-shelling, drying, peeling, grading, and packaging to ensure top-quality products for its clients.
Price Band
₹61
Issue Size
₹7.48 Cr
Lot Size
2000 shares
GMP
Est. Listing
₹61
at current GMP
Subscribed
5.31x
overall
Open
8 Mar 2023
Close
13 Mar 2023
Allotment
15 Mar 2023
Refund
16 Mar 2023
Demat Credit
17 Mar 2023
Listing
20 Mar 2023
Overall Subscription
5.31x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 613,115 | — | 0.00x |
| Non-Institutional (NII / HNI) | 183,934 | — | 0.00x |
| Retail Individual (RII) | 429,180 | — | 0.00x |
| Total | 1,226,229 | 0 | 5.31x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 215 | 1,142 | 5.31x |
| HNIs (10L +) | 1 | 5 | 5.00x |
| HNIs (2-10L) | 7 | 37 | 5.29x |
| Total Applications | 223 | 1,184 | 5.31x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Prospect Commodities Limited is bringing an initial public offering (IPO) in the Agriculture & Food Processing sector with an aggregate issue size of ₹7.48 Crores. The shares are offered at a price band of ₹61 to ₹61 per equity share on BSE. 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 2023-03-13, the basis of allotment is scheduled to be finalized on 2023-03-15. 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 (Bigshare Services Private Limited) or the BSE allotment checking window.
Currently, Prospect Commodities Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹61 to ₹61 per equity share.
The retail lot size is 2000 shares requiring a minimum application amount of ₹1,22,000. Expected listing price is ₹61 per equity share.
The Prospect Commodities Limited IPO aggregate issue size is ₹7.48 Crores with an equity price band set at ₹61 to ₹61 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,22,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 5.31x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-03-15. Investors can verify status using PAN card or application number.
Prospect Commodities Limited shares are scheduled to list on BSE on 2023-03-20.