08 Mar '23 - 10 Mar '23
₹122,000 / 1 Lots ( 2000 Shares )
₹122,000 / 1 Lots ( 2000 Shares )
To be announced
Investor category and sub categoryQualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |
Important dates with respect to IPO allotment and listing
IPO Open Date
Mar 8, 2023
IPO Close Date
Mar 10, 2023
IPO Allotment Date
Mar 15, 2023
Initiation Of Refunds
Mar 16, 2023
Credit Of Shares To Demat Account
Mar 17, 2023
IPO Listing Date
Mar 20, 2023
IPO Subscription Details
Day 1Mar 8, 2023
Day 2Mar 9, 2023
Day 3Mar 10, 2023
IPO Subscription Status Live
|Investor Category||Subscription (Times)|
The company is involved in the trading of agro products. Although it is a recently incorporated business, the promoter has several years of experience in the logistics industry and running a partnership business that primarily deals with the import and export of various agricultural commodities. In 2018, they started importing cashew husks from Vietnam and sold them to different tanning companies.
In 2021, they started a cashew processing firm with a capacity of processing 150 tonnes annually. It recorded a turnover of ₹987.98 lakhs, with ₹784.87 lakhs from agri products. From 2020 to 2021, the company grew at a 107% rate.
Prospect Commodities Ltd. IPO Objective
The company proposes to utilise the funds for the following objectives.
- Repayment of unsecured loans
- To fund long-term capital requirements
- General corporate expenses
- And, meeting public issue expenses
Why should you invest in Prospect Commodities Ltd. IPO?
Here are your top reasons to invest in Prospect Commodities Limited IPO.
- The company has increased its capacity from 150 tonnes per year to 600 tonnes per annum.
- They have strong business relationships with internal and external partners, with extended experience in trading agricultural products.
- They cater to the PAN India market, although they successfully sell their entire cashew proceeds in Gujarat only.
- They have a solid product quality monitoring and after-sale services policy.
Prospect Commodities Ltd. Noteworthy highlights
- Prospect Commodities Limited has taken over the entire business of the erstwhile partnership firm, including all liabilities and assets.
- The company operates in the B2B model, selling to wholesalers in Gujarat.
- They have increased their installed capacity from 150 tonnes annually to 600 tonnes to meet growing demands.
Know before investing
Quality assurance and constantly meeting the quality standard demands of clients.
They have a robust sales channel for the smooth operation of their B2B business.
They are focusing on geographical expansion and entering the B2C category.
The company is struggling with low production capacity and working capital constraints.
Prices are affected by the changes in customs duty in importing countries.
The company faces competition from other manufacturers offering lower prices.
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Prospect Commodities Ltd. SME has filed DRHP to raise ₹7.48 crore by selling 12,26,000 equity shares at a price of ₹61 per share.
The basis of allotment date is March 15, 2023.
One lot of Prospect Commodities Ltd. IPO has 2000 shares.
The IPO will open on March 08, 2023.
Retail investors can apply for a minimum of one lot.
The listing date of Prospect Commodities Ltd. on BSE SME is March 20, 2023.
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Listing gain is the difference between the IPO’s opening and offer prices. The listing gain is influenced by changing investors’ interests, global parameters, and short vs long-term outlooks.
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You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 2000 shares.