Today marks the opening of Pratham's initial public offering (IPO). EPC Projects, scheduled for subscription until March 14. This SME IPO features a price range set between ₹71 and ₹75 per share, with an aim to raise ₹36 crore by issuing 48 lakh ordinary shares. Importantly, the lot size for this IPO is 1,600 shares, with a minimum investment requirement of ₹120,000 for retail investors.

The objectives behind Pratham EPC Projects' IPO involve using the net proceeds to acquire machinery, meet working capital needs and serve general corporate purposes, according to the company's announcement.

The allotment process for Pratham EPC Projects' IPO is expected to conclude on March 14, setting the stage for the subsequent listing. The company's ordinary shares are anticipated to be listed on the NSE SME platform by March 18.

Beeline Capital Advisors Pvt Ltd has been appointed as the lead offer manager for the IPO of Pratham EPC Projects, while Link Intime India Private Ltd is assuming the role of registrar for the issue.

Pratham EPC Projects stands out as an end-to-end service provider catering to the oil and gas sector in India. His specialization covers integrated engineering, procurement, construction and commissioning. Prominent promoters of the company include Nayankumar Pansuriya and Pratikkumar Vekariya.