Pratham EPC Projects Limited is preparing for its Public Offer Initial (IPO), scheduled to open on March 11, 2024. This integrated engineering, procurement, construction and commissioning company has been serving as an end-to-end service provider for oil and gas distribution companies in India since its inception in 2014. With almost a decade of successful operations, Pratham EPC Projects Limited has established itself as a key player in the industry.

Specializing in various pipeline projects, the company handles a wide range of pipeline activities, including mainline welding, connecting, lining, hydraulic testing and pipeline commissioning. Its clientele includes prestigious names like Indian Oil, Sabarmati Gas, Gujarat Gas, SunPetro Chemicals, GAIL (India), GSPL and BPCL. Over the years, Pratham EPC Projects Limited has completed more than 12 projects, worth approximately Rs 13,184.10 Lakhs, with 8 major projects currently underway, totaling around Rs 29,666.33 Lakhs.

Headquartered in Ahmedabad, the company takes pride in its workforce, which consists of over 750 employees. At the helm of Pratham EPC Projects Limited are its promoters, Pratik Kumar Maganlal Vekariya, who acts as Chairman and Managing Director, and Nayankumar Manubhai Pansuriya, who acts as Whole Time Director. With a combined 16 years of industry experience, they bring invaluable experience and leadership to the company.

The IPO is set at an issue size of 36 Crores, with 48,00,000 Equity Shares on offer at a Face Value of Rs 10 each. The Price Range for the IPO is between Rs 71 and Rs 75 per share. The IPO opens on March 11, 2024 and is scheduled to close on March 13, 2024, with the Opening Date for Anchor Investors set for March 7, 2024. Importantly, 13,66,400 Shares of Capital for anchor investors, while the Market Maker's portion is 2,40,000 Equity Shares. Additionally, 6,84,800 Equity Shares are allotted for HNIs, 9,12,000 Equity Shares for QIBs and 15,96,800 Equity Shares for retail investors.

At the time of listing, Pratham EPC Projects Limited will be listed on the NSE SME platform. The Book Execution Lead Manager for the IPO is Beeline Capital Advisors Private Limited, while the Registrar is Link Intime India Private Limited. The company intends to use the funds raised through the IPO for the purchase of machinery, meeting working capital requirements and for general corporate purposes.

In terms of financial performance, Pratham EPC Projects Limited has shown consistent growth, reporting a total income of Rs 3,058.23 Lakhs in FY21, Rs 5,046.84 Lakhs in FY22 and Rs 5,020.35 Lakhs in FY23 on a standalone basis. Furthermore, its net profit has seen a substantial increase, reaching Rs 112.85 Lakhs in FY21, Rs 441.32 Lakhs in FY22 and Rs 764.12 Lakhs in FY23 on a standalone basis. With its track record of success and promising growth prospects, the IPO presents an exciting opportunity for investors to be part of Pratham EPC Projects Limited's journey.