Prospect Commodities was incorporated on January 06, 2022. The company is in the business of trading cashew in the B2B market. The company sells cashew to wholesalers in Gujarat only.
| Bidding Dates |
|---|
| 08 Mar 2023 - 10 Mar 2023 |
| Subscription |
|---|
| 5.31x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,000 | 1 | 1 | 2000 | 1.2 M | ₹61 | 70.03 % | ₹74.8 M | RHP DOC |
Prospect Commodities IPO SUBSCRIPTION STATUS
13 Mar '23Prospect Commodities IPO overall subscription rate was 5.31 times the total available shares
Prospect Commodities IPO retail subscription rate was 3.76 times in the retail segment
Prospect Commodities IPO non-institutional investor subscription rate was 6.85 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
13 Mar 2023 (Day 4) | 3.76x | 6.85x | - |
10 Mar 2023 (Day 3) | 1.63x | 4.65x | - |
09 Mar 2023 (Day 2) | 0.62x | 4.17x | - |
08 Mar 2023 (Day 1) | 0.22x | 3.92x | - |
Prospect Commodities FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 8MFY23 | 5.3 | 84.0 | 7.8 | 3.7 |
Prospect Commodities IPO SUBSCRIPTION STATUS DETAILS
Prospect Commodities had 1.2 M shares on offer
Prospect Commodities IPO offer price was ₹61
Prospect Commodities IPO minimum Investment was ₹122000
Prospect Commodities IPO issue size was ₹ 74.8 M
Prospect Commodities had a minimum lot size of 2000 Shares per application
Prospect Commodities NUMBER OF SHARES ON OFFER
Prospect Commodities IPO IMPORTANT DATES
| Issue Open Date | 08 Mar 2023 |
| Issue close Date | 10 Mar 2023 |
| Allotment Date | 15 Mar 2023 |
| Refund Date | 16 Mar 2023 |
| Demat Account Credit Date | 17 Mar 2023 |
| Listing Date | 20 Mar 2023 |
| Listing on Exchange(s) | BSE |
| Prospect Commodities Allotment Status | Exchange |
Prospect Commodities IPO subscription opened on 08 Mar 2023, and closed on 10 Mar 2023
IPO allotment for Prospect Commodities was finalized on Wednesday, 15 Mar 2023
IPO listing for Prospect Commodities was on BSE on Monday, 20 Mar 2023
Prospect Commodities IPO LISTING GAINS
| Issue Price (adjusted) | 61.0 |
| Listing Open Price | 61.0 |
| Listing Close Price | 61.5 |
| Listing Gain% | 0.0% |
| Current Gain% | -28.0% |
Prospect Commodities Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Prospect Consumer Products Ltd. | 43.9 | 18 | 9.9 | -0.6 | 0.3 | 7.7 | 5.1 | 57.6 | 85.1 | 2.5 | 14.8 | 4.4 | -15.2 |
| Adani Enterprises Ltd. | 3020 | 408730.2 | 54.9 | 3.3 | 3.7 | 11.5 | 3.6 | 102943.2 | 2.6 | 9339.5 | 31.6 | 55 | 16.7 |
| Redington Ltd. | 354.8 | 27741.3 | 16.3 | 4 | 0.2 | 14.7 | 4.4 | 119347.4 | 19.9 | 1490.2 | -7.1 | 21.8 | 4.1 |
| Lloyds Enterprises Ltd. | 83.5 | 12611.6 | 44.5 | 0.1 | 7.2 | 6.8 | 3.9 | 2183.7 | 39 | 283.4 | 396.5 | 1.9 | 396.5 |
| Swan Corp Ltd. | 308 | 9656 | 35.2 | -0.6 | 2.2 | 3.6 | 2 | 5143.5 | -25.3 | 274.1 | -63.7 | 8.7 | -63.7 |
| MMTC Ltd. | 64 | 9597 | 24.8 | 0.1 | 2814.4 | 18.3 | 13.8 | 180.6 | -31.3 | 387.4 | 347.2 | 2.6 | 347.2 |
Prospect Commodities INFORMATION ON IPO ISSUE
About Prospect Commodities
Prospect Commodities was incorporated on January 06, 2022. The company is in the business of trading cashew in the B2B market. The company sells cashew to wholesalers in Gujarat only.
Object of the Issue
- Repayment of unsecured loans
- Long-term working capital requirement
- General corporate purpose
- Meeting public issue expenses
Prospect Commodities - PROMOTERS
| Name |
|---|
| Vimal Mishra |
| Priyanka Mishra |
Prospect Commodities Lead Manager of the Issue
Interactive Financial Services
mbd@ifinservices.in
Prospect Commodities Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Prospect Commodities Strengths
Strategically located
The company has strategically located manufacturing facilities with modern machines. Its location gives it easy access to raw materials and proximity to clients
Client relationship
Repetitive business and large client relationships reflect confidence reposed in the company by the customers
Prospect Commodities Risks
Dependent on few buyers and sellers
The top 10 buyers and suppliers contribute most to the total revenue and source of raw material
Geographical limitation
The company has a limited geographical presence in the market. Its operations are limited to Gujarat
IPO FAQs
The promoters of the company are Vimal Mishra and Priyanka Mishra.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 61.0 - 61.0.
The IPO application opens on Mar 08, 2023 and closes on Mar 10, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 122,000.0, the maximum value for this IPO is Rs 122,000.0.
This IPO will be allotted on Mar 15, 2023.
The refund will be credited to your account on Mar 16, 2023.
The allotted shares will be credited to your demat on Mar 17, 2023.
Prospect Commodities Ltd.’s shares listed on the stock exchanges on Mar 20, 2023.