Prospect Commodities IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 13, 2023Let’s have a detailed review of the company and analytics of the Prospect Commodities IPO release date, IPO offer price, subscription, Prospect Commodities Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 61 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Mar 20, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 748 Lakh |
| IPO Size | Rs 748 Lakh |
| Tick Size | 1 |
Prospect Commodities IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Prospect Commodities Share Price |
Prospect Commodities IPO – Summary
Their promoter and Managing Director, Vimal Mishra in the year 2006 has started his career in the logistic service industry.
In the said job, he got the experience of attending to enquiries and implementing marketing and sales strategies to meet set targets for international business and providing total logistic solutions to direct shipper as well as to CHA’s (Custom House Agent). He has also handled cross trade international business in his service tenure where he has also acted as a Project Manager position.
The Promoter of this company is Vimal Mishra and Priyanka Mishra. The lead manager to the issue is INTERACTIVE FINANCIAL SERVICES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Prospect Commodities IPO Date
The opening and closing dates of Prospect Commodities IPO are Mar 8, 2023 and Mar 10, 2023 respectively.
Prospect Commodities IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 8th Mar | 3.92x | 0.22x | 2.07x |
| 2nd Day – 9th Mar | 4.17x | 0.62x | 2.40x |
| 3rd Day – 10th Mar | 4.65x | 1.63x | 3.14x |
| 4th Day – 13th Mar | 6.85x | 3.76x | 5.31x |
| Shares Offered or Net Issue | 582,000 | 582,000 | 1,164,000 |
The shares subscribed by the public will be updated here.
Prospect Commodities IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Prospect Commodities Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Mar 15, 2023 |
| Refunds Initiation | Mar 16, 2023 |
| Credit of Shares to Demat Account | Mar 17, 2023 |
| Share Listing Date | Mar 20, 2023 |
Prospect Commodities IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.61
Prospect Commodities IPO Equity Size
This Initial Public Issue of 1,226,000 Equity Shares of Rs.10 each for cash at a price of Rs.61 per equity share aggregating to Rs.748 Lakh.
Prospect Commodities IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,226,000 Equity Shares of Rs.10/ each.
Issue Size: 1,226,000 Equity Shares of Rs.10 each, aggregating to Rs.748 Lakh
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Prospect Commodities IPO – Live Performance
The listing date of this IPO is Mar 20, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Prospect Commodities Share Price |
Prospect Commodities IPO Grey Market Premium
The Prospect Commodities Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Prospect Commodities IPO – Company Overview
In 2015, Their Promoter and Managing Director, Vimal Mishra with his wife has started partnership firm named “M/s Fortune Exports” to get into the international trade of “Agro Products”.
His more than a decade experience in different field like sales in charge, project manager and working with the logistic company helped him to expand his business in the international market. From 2015 to 2017, the partnership firm was mainly in trading of pulses viz Mung.
In 2017, the partnership firm has started importing the Cashew Husk from Vietnam and selling the same to various units of tanning industry in India Only. From 2018 to 2020 the Partnership Firm was in trading of Fruits like Banana, Dragon Fruit, Water Mallon & Musk Mallon etc. & Dry Fruits like Walnuts & Cashew.
Dragon Fruit & Walnuts were imported from the Vietnam and were traded in the Pan India Market. In the Year 2018 the partnership firm had achieved turnover of `336.89 lacs and the profit before the remuneration to partners was `12.97 lacs.
Prospect Commodities IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||
| 31-Dec-22 | 31-Mar-22 | |
| Total Assets | 977.07 | 1.05 |
| *Total Revenue | 839.98 | 0.00 |
| Total Expense | 765.68 | 0.15 |
| Profit After Tax | 52.85 | -0.15 |
Earnings per Equity Share (in Lakh)
| 31-Dec-22 | 31-Mar-22 | |
| Basic & Diluted | 16.78 | -1.50 |
Further, their PAT for the period ended on Dec 31, 2022, and March 31, 2022, were Rs. 52.85 Lakh, and Rs. -0.15 Lakh respectively.
Prospect Commodities IPO – Promoters
The Promoter of this company is:
- Vimal Mishra
- Priyanka Mishra
List of Related Parties (Key Managerial Personnel)
- Vimal Mishra, Managing Director
- Priyanka Mishra,Chairman & Director
- Riddhi Vasita, Director
- Nevil Soni, Independent, Director
- Divya Shaileshbhai Shah, Independent Director
Prospect Commodities IPO – Promoters Holding
- Pre-Issue Share Holding – 88.44%
- Post Issue Share Holding – 61.94%
Prospect Commodities IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 1,226,000 Equity Shares aggregating up to Rs.748 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 62,000 Equity Shares aggregating up to Rs.37.82 Lakh |
| Net Issue to the Public | Up to 11,64,000 Equity Shares aggregating up to Rs.710.04 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 5,82,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 5,82,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 28,64,500 Equity Shares |
| Equity Shares outstanding after the Issue | 40,90,500 Equity Shares |
Prospect Commodities IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment of Unsecured Loans
2. Long-term working capital requirement
3. General Corporate Purpose,
4. Meeting Public Issue Expenses
Prospect Commodities IPO – Business Strategy
- Improving operational efficiencies and enhancing the Installed capacity
- Enhance customer base by entering new geographies to establish long-term relationships
- Entering in to B2C business and online selling
- Branding the finished product
- Enhanced Production Capacity
Prospect Commodities IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- In depth International Market knowledge of Promoter
- Existing client relationship
- Strategically located manufacturing facilities with modern machines.
- Quality Service
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 16.78 | 17.99 | 12.19 |
| 31-Mar-21 | – | – | – |
| Mar-20 | – | – | – |
Prospect Commodities IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Prospect Commodities Limited | 10 | 3.64 | 16.78 | 17.99 | 839.98 |
| Listed Peers | |||||
| Empyren Cashews Limited | 10 | 104.35 | 2.32 | 8.05 | 5228.54 |
Prospect Commodities IPO Lead Managers
| Lead Managers |
| INTERACTIVE FINANCIAL SERVICES LIMITED Address: 612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg, Ellisbridge, Ahmedabad – 380 009, Gujarat, India Tel No.:079 46019796 (M) +91-9898055647 Web Site :www.ifinservices.in Email : mbd@ifinservices.in Investor Grievance Email: info@ifinservices.in Contact Person: Pradip Sandhir SEBI Reg. No.:INM000012856 |
Prospect Commodities IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai – 400093 Tel No: +91 22-62638200 Fax No +91 22-62638299 Website: www.bigshareonline.com E-Mail: ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Aniket Chindarkar SEBI Reg. No.: INR000001385 |
Prospect Commodities IPO – Other Details
- Statutory Auditor – M/s C. R. Sharedalal & Co., Chartered Accountants
- Legal Counsel to the Company – Mauleen N. Marfatia
- Bankers to the Company – HDFC Bank Limited
Prospect Commodities IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Prospect Commodities Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Prospect Commodities IPO Review FAQs
Check out various FAQs related to Prospect Commodities IPO:
What is the Issue Size of Prospect Commodities IPO?
The Company is making an initial public offer of 1,226,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Prospect Commodities IPO?
The price band for this particular IPO ranges between Rs 61. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Prospect Commodities IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 8, 2023, while the closing date is set at Mar 10, 2023.
What is the Prospect Commodities IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Mar 15, 2023, refund initiation is on Mar 16, 2023, credit of shares is on Mar 17, 2023, and share listing date is on Mar 20, 2023.
What is the Prospect Commodities IPO Listing Date?
Shares of this company shall be listed in the exchanges Mar 20, 2023. The date, when the listing would be done, is stagnant on Mar 20, 2023.
Who is the Registrar of Prospect Commodities?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Prospect Commodities?
Here are the promoters of this IPO – Vimal Mishra and Priyanka Mishra. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Prospect Commodities?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is this IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Prospect Commodities Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 52.85. PAT from Dec 2022 is -0.15.
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