Based in Ahmedabad, Pratham EPC Projects Limited is an integrated engineering, procurement, construction and commissioning company. It is in the business of providing end-to-end service to Oil and Gas distribution companies in India. The company has been executing various gas pipeline projects, handling all pipeline activities like mainline welding, tie-in, coating, hydro testing, pipeline commissioning etc.
Pratham specialises in oil and gas pipelines for cross-country distribution and city gas distribution. It also undertakes offshore projects for water distribution, specifically project bidding and project management. It also undertakes pipeline-laying work on a turnkey basis, including engineering, procurement, pipeline construction for city gas distribution, horizontal direction drilling, and stations including civil, electromechanical and instrumentation for our clients.
India is the world’s third-largest energy consumer globally. In February 2023, India’s oil demand rose to a 24-year high, which resulted due to a boost in industrial activity. It was the 15th consecutive year-on-year rise in demand. In such a growing industry, a key infrastructure provider like Pratham can expand its operations.
Pratham EPC Projects Ltd IPO Details
Pratham EPC Projects Ltd IPO Date
The bidding for the Pratham EPC Projects IPO will open from March 11, 2024, to March 13, 2024.
Pratham EPC Projects Ltd IPO Price Band
Pratham EPC Projects is a book-built IPO with a price range that has been decided at ₹71 to ₹75 per share.
Pratham EPC Projects Ltd IPO Lot Size
The Pratham EPC Projects Ltd IPO lot size has been decided at 1,600 shares.
Pratham EPC Projects Ltd IPO Objectives
The net proceeds will be utilised towards funding the following:
- Purchase of machinery.
- To meet working capital requirements.
- General corporate purposes.
Peer Details
The company has one listed peer, i.e. Likhitha Infrastructure Limited.
How to Check the Allotment Status of the Pratham EPC Projects Ltd IPO?
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Contact Details of Pratham EPC Projects Ltd
Registered office: A-1101, Sankalp Iconic Tower, Opp. Vikramnagar Colony, Iscon Cross Road, S.G. Highway, Ambli, Ahmedabad, Daskroi, Gujarat-380058.
Phone: 079-40037008
E-mail: cs@prathamepc.com
Financials Company
| Particulars | Period Ended on September 30, 2023 (Amount in ₹ lakhs) | Year Ending on March 31, 2023 (Amount in ₹ lakhs) | Year ending on March 31, 2022 (Amount in ₹ lakhs) |
|---|---|---|---|
| Total Revenue | 3,581.37 | 5,167.29 | 5,062.66` |
| Profit (Loss) for the Year | 523.41 | 764.12 | 441.32 |
| Current Ratio | 1.76 | 1.21 | 1.28 |
| Return on Capital Employed | 24.80% | 48.40% | 61.54% |
| Debt Service Coverage Ratio | 2.06 | 3.01 | 6.66 |
Know before investing
Strengths
2The company’s promoters have more than 30 years of experience in the engineering industry. This gives the company’s management a competitive edge in terms of guidance and vision.
Their execution capabilities, comprising strong in-house operations in design, engineering, procurement, construction and quality assurance, is a critical factor that has contributed to the growth of the company. Their track record in the construction of pipeline projects has been instrumental in their consistent sales and performance.
Risks
2Their top ten suppliers contributed 75.15%, 64.34%, 50.76% and 63.20% of total input purchases for the period ending on September 30, 2023, and financial years ending on March 31 of 2023, 2022 and 2021, respectively. Thus, the quantity and quality of their input supplies can be harmed by the loss of any of these top suppliers.
Their top ten customers brought in 100% of their revenue in the past 3 years. The loss of any of these customers can disrupt the company’s revenues.
